holy christ at new budget

Midnyte_Ragebringer · February 4, 2003, 1:32 pm

Uh-huh.

Millie · Post by **Millie** » February 4, 2003, 2:18 pm

Ninan wrote:You all scream about tax cuts for the upper income is retarded but until you have been there you are just spouting off shit you know nothing about

Last year I paid over $5 million in taxes. I know a little something or two about upper-income taxation. It sucks, but it's a necessary evil. There's no reason tax rates need to be as high as they are currently (I lose more than $.50 on every dollar), but now sure as shit isn't the time to be lowering them.

When Bush's administration proves itself capable of reigning in worthless defense spending (i.e., missile-defense bullshit), then it can lower taxes all it wants. You just can't have your cake and eat it, too; you need to balance things. If you're lowering taxes, you need to decrease government spending. This is a hard lesson for some Republicans to learn. It killed Bush Sr.'s chances at reelection, and I hope Bush Jr. learns it soon.

Voronwë · Post by **Voronwë** » February 4, 2003, 2:24 pm

if you really make that much money you need to fire your accountant.

Fallanthas · Post by **Fallanthas** » February 4, 2003, 2:26 pm

if you really make that much money you need to fire your accountant.

Perfect illustration of why national sales tax > tiered income tax.

Sueven · Post by **Sueven** » February 4, 2003, 2:27 pm

Midnyte: How many worthless one or two word posts can you make in a single thread?

Millie · Post by **Millie** » February 4, 2003, 2:29 pm

Voronwë wrote:if you really make that much money you need to fire your accountant.

LOL, no kidding. Anyone know someone a bit better at dodging income taxes?

Midnyte_Ragebringer · February 4, 2003, 3:02 pm

Sueven wrote:Midnyte: How many worthless one or two word posts can you make in a single thread?

I respond to gibberish with gibberish.

Is it that hard to figure out?

kyoukan · Post by **kyoukan** » February 4, 2003, 3:02 pm

Ninan wrote:So many posting who have no clue on what paying high taxes is all about. Let me ask you this, how many of you have ever made a million dollars in one year before? Well regardless, I have done it more then one time and I can tell you right up front paying 600,000 to the feds and 200,000 to the state in income taxes is fucking ridiculous.

ahahahahahahahaha.

twit.

just be glad there's no ebay tax or tariffs on sucking at everquest.

kyoukan · Post by **kyoukan** » February 4, 2003, 3:04 pm

Voronwë wrote:if you really make that much money you need to fire your accountant.

then rehire him, then fire him again.

Ninan · Post by **Ninan** » February 5, 2003, 11:45 am

Kooky you are just too funny. You and Searyx are a match made to happen. Now run along and get dressed, I am sure your computer date will be online anytime now.

Ninan · Post by **Ninan** » February 5, 2003, 11:59 am

Millie,

The thing is most of the new jobs in the country are created by small business owners, not big business. Small business owners are usually Sub Chapter S corporations or LLC's who pay income tax based solely on the profitablility of their business. Profit in these cases are treated as ordinary income tax.

The logic behind Bush's tax cuts goes back to Reagans era where loosening the taxation on small business owners stimulates growth from the largest new employer group therefore generating more dollars to be spent by the hiring or putting more people to work. Obviously the more people working means less unemployment, more spending because of this stimulates or drives an economy upward which produces more tax revenues helping to solve the national deficit. Thats what the tax cuts are aiming to do here. I doubt anyone can argue with merit the economy we had under Reagans years in office.

So as tax cuts go, I as a small business owner look forward to them. I still say a national sales tax > any income taxation going. It's fair for all, eliminates tax deductions from the rich, and will in a short time eliminate the National deficit.