XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: rod.speed.aaa@gmail.com
"Commander Kinsey" wrote in message
news:op.z3ch4nb5wdg98l@desktop-ga2mpl8.lan...
> 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.
Wrong.
> Nobody should be earning that much.
Plenty do anyway.
> The average UK wage is a fraction of that
Their problem.
> and we should all be paid a similar amount.
That stupid approach provides no incentive to get qualified for the much
better paid jobs.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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