XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: CFKinsey@military.org.jp   
      
   On Thu, 13 Jun 2019 04:06:13 +0100, Xeno  wrote:   
      
   > On 13/6/19 2:44 am, Commander Kinsey wrote:   
   >> On Wed, 12 Jun 2019 01:24:38 +0100, Rod Speed    
   >> wrote:   
   >>   
   >>>   
   >>>   
   >>> "Commander Kinsey"  wrote in message   
   >>> news:op.z28s84sjwdg98l@desktop-ga2mpl8.lan...   
   >>>> On Tue, 11 Jun 2019 21:52:26 +0100, Rod Speed    
   >>>> wrote:   
   >>>>   
   >>>>>   
   >>>>>   
   >>>>> "Commander Kinsey"  wrote in message   
   >>>>> news:op.z28l88bywdg98l@desktop-ga2mpl8.lan...   
   >>>>>> On Tue, 11 Jun 2019 20:44:20 +0100, Rod Speed   
   >>>>>>    
   >>>>>> wrote:   
   >>>>>>   
   >>>>>>>   
   >>>>>>>   
   >>>>>>> "Commander Kinsey"  wrote in message   
   >>>>>>> news:op.z28imsizwdg98l@desktop-ga2mpl8.lan...   
   >>>>>>>> On Tue, 11 Jun 2019 19:41:18 +0100, Rod Speed   
   >>>>>>>>    
   >>>>>>>> wrote:   
   >>>>>>>>   
   >>>>>>>>>   
   >>>>>>>>>   
   >>>>>>>>> "Commander Kinsey"  wrote in message   
   >>>>>>>>> news:op.z28fvcgdwdg98l@desktop-ga2mpl8.lan...   
   >>>>>>>>>> On Tue, 11 Jun 2019 18:35:47 +0100, Rod Speed   
   >>>>>>>>>>    
   >>>>>>>>>> wrote:   
   >>>>>>>>>>   
   >>>>>>>>>>>   
   >>>>>>>>>>>   
   >>>>>>>>>>> "devnull"  wrote in message   
   >>>>>>>>>>> news:n_PLE.43682$T52.29836@fx35.iad...   
   >>>>>>>>>>>> On 6/11/19 9:40 AM, Commander Kinsey wrote:   
   >>>>>>>>>>>>>> And if you don't have the money stored in a tax-free IRA,   
   >>>>>>>>>>>>>> you'll   
   >>>>>>>>>>>>>> pay   
   >>>>>>>>>>>>>> income tax on your losses.   
   >>>>>>>>>>>>>   
   >>>>>>>>>>>>> Dunno what an IRA is, but all ISAs are tax free AFAIK.   
   >>>>>>>>>>>>>   
   >>>>>>>>>>>>> Hang on, losses?  Surely you pay income tax on your income, not   
   >>>>>>>>>>>>> losses.   
   >>>>>>>>>>>>   
   >>>>>>>>>>>>   
   >>>>>>>>>>>> Yah, it's called "Republican taxpayer privilege".  The bank pays   
   >>>>>>>>>>>> you   
   >>>>>>>>>>>> 2%   
   >>>>>>>>>>>> interest but inflation goes up 3%.   
   >>>>>>>>>>>>   
   >>>>>>>>>>>> Essentially you have less buying power at the end of the year   
   >>>>>>>>>>>> and   
   >>>>>>>>>>>> yet   
   >>>>>>>>>>>> you   
   >>>>>>>>>>>> still have to pay taxes on the 2% "gain".   
   >>>>>>>>>>>>   
   >>>>>>>>>>>> The democrats have lots of slick scams to take money from   
   >>>>>>>>>>>> working   
   >>>>>>>>>>>> taxpayers and give it to their lazy welfare constituents.   
   >>>>>>>>>>>   
   >>>>>>>>>>> And yet only half pay any income tax. Or are you saying that the   
   >>>>>>>>>>> Dems   
   >>>>>>>>>>> are   
   >>>>>>>>>>> so   
   >>>>>>>>>>> clever that they have worked out how to make just Repugs pay   
   >>>>>>>>>>> income   
   >>>>>>>>>>> tax   
   >>>>>>>>>>> ?   
   >>>>>>>>>>   
   >>>>>>>>>> Who cares about income tax?   
   >>>>>>>>>   
   >>>>>>>>> In all but the USA, it's the main tax most pay in the first   
   >>>>>>>>> world. Only the unemployable dregs like you pay most   
   >>>>>>>>> of the tax they pay in the VAT and fuel and sin taxes.   
   >>>>>>>>>   
   >>>>>>>>>> It's one of only 50 taxes.   
   >>>>>>>>>   
   >>>>>>>>> What matters is how much you pay in each one.   
   >>>>>>>>   
   >>>>>>>> VAT is 20%!  You will eventually spend all you earn,   
   >>>>>>>   
   >>>>>>> Plenty of the better paid don't.   
   >>>>>   
   >>>>>> Nobody accumulates money forever.   
   >>>>>   
   >>>>> Plenty with a clue accumulate it till they stop working   
   >>>>> and plenty accumulate it and hand it on to their kids too.   
   >>>>>   
   >>>>>> If they don't spend it their descendants will.   
   >>>>>   
   >>>>> Plenty of their descendents arent stupid enough to spend it.   
   >>>>   
   >>>> If what you were saying was true, there would be an ever increasing   
   >>>> number   
   >>>> of people with huger and huger amounts of money.   
   >>>>   
   >>>>>>>> so that's 20% which is significantly similar to the income tax rate.   
   >>>>>>>   
   >>>>>>> Not with the better paid. Only the dregs of the labour market.   
   >>>>>>   
   >>>>>> If you're poor, you pay a low rate,   
   >>>>>   
   >>>>> Yes, the dregs mostly do pay just VAT and petrol and sin taxes.   
   >>>>>   
   >>>>>> if you're rich, you bend the rules and pay a low rate.   
   >>>>>   
   >>>>> Not even possible for most of the better paid wage slaves.   
   >>>>> Those pay a lot more than 20% income tax.   
   >>>>   
   >>>> Nope,   
   >>>   
   >>> Yep.   
   >>>   
   >>>> once you get really rich you get accountants that fiddle things nicely.   
   >>>   
   >>> We werent discussing the really rich.   
   >>   
   >> We only pay more than 20% on anything we earn over £46,351.  That's   
   >> really rich buggers, I can't think of anyone earning that much.  They   
   >> can afford accountants to cheat.   
   >   
   > You're mixing in the wrong circles. One of my friends in the UK,   
   > Folkestone to be precise, earns well over £100,000 per annum. Others   
   > earn slightly lesser amounts. One of my friends here, until he retired   
   > recently, was earning £150,000 for 6 months work. It has to be said,   
   > both those aforementioned are highly qualified in their respective fields.   
      
   That's more than the prime minister gets paid.  Nobody should be earning that   
   much.  The average UK wage is a fraction of that and we should all be paid a   
   similar amount.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)