XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: rod.speed.aaa@gmail.com
"Commander Kinsey" wrote in message
news:op.z3fn57hawdg98l@desktop-ga2mpl8.lan...
> On Sat, 15 Jun 2019 16:56:39 +0100, Xeno wrote:
>
>> On 15/6/19 11:22 pm, Commander Kinsey wrote:
>>> On Fri, 14 Jun 2019 03:10:35 +0100, Xeno
>>> wrote:
>>>
>>>> On 14/6/19 8:59 am, Commander Kinsey wrote:
>>>>> 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.
>>>>
>>>> Why? He is getting paid *what he is worth*. He put in the time and
>>>> effort studying and gaining experience on the ground to get where he is
>>>> and if people are willing to pay him appropriately for his work, then
>>>> that is up to him. I put in 12 years at uni and decades in trade
>>>> relevant study and qualifications but you think a labourer should get
>>>> the same pay as I? You need to get real.
>>>
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