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#1
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Do we learn from our mistakes?
Apparently not. Here we go again. Our tootsie roll is an increase to 62.5k before going to a different tax table. (Which, if anyone has done the math between the two, it makes a couple of dollars difference at 80k.)
The wealthy's cake factory is an extension of the capital gains tax with a little extra sauce. http://news.yahoo.com/s/ap/20060503/...congress_taxes How many of you guys have done a capital gains worksheet? There are 3 of them. You start with the first, send the left over to the second, and then the leftover from that one to the third which is the huge 25% tax. I did one last year. I won't say for exactly how much, but it was lower 5 digits. I zero'd out on the first sheet for the 5% tax. Zero'd out.... not one thin dime capital gains tax. I had to pay zilch in capital gains pulling in a windfall in the 5 digits. You have to make some really serious bucks in dividends and stocks before this puppy even kicks in on the 5% route. Easily in the millions to barely reach the third worksheet.... and you'll probably zero out. Another huge cut for the ultra wealthy, while our debt..... well, everyone knows, don't they? (Then why do they keep on getting by with it?? The middle class WILL have to pay all of this back.)
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Robert Is Bush in jail yet? (Looks frantically at watch, then back up) How about now? Now? Come onnnnnn...... Someone freeze me until January, this wait is killing me. Update: 09 January, and still not in jail! Wassup?? 1992 Teal LS-L - 160k (Now new and improved with perfect paint!) |
#2
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Yeah, it's ironic looking back on the history of taxes. Originally the wealthy were taxed by the poor because the poor wanted to tax them. But the wealthy, i.e. the educated people found a way around it and it backfired on them. History repeats itself...fo'sho. Bill Gates probably pays pays under 200 grand in taxes, if that.
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1993 SVX Anniversary Edition #64 |
#3
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Yeah, it's taken some time, and a lot of work by Bill Gates, but he is finally below 1 billion shares of Microsoft.
That must have been a lot of trips to the bank. Poor guy's probably wore out. http://biz.yahoo.com/t/62/412.html
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Robert Is Bush in jail yet? (Looks frantically at watch, then back up) How about now? Now? Come onnnnnn...... Someone freeze me until January, this wait is killing me. Update: 09 January, and still not in jail! Wassup?? 1992 Teal LS-L - 160k (Now new and improved with perfect paint!) |
#4
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Contribution?
Quote:
Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#5
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Quote:
Anyway, I agreed to donate $60..... like an idiot... over the phone. Got my little invoice in a few days, and I sent them off a check. I'll never do it again over the phone like that. Those numbskulls called me every 2 weeks like clockwork until I finally went off on them. General script of "You've helped us in the past, and we appreciate that, and ....... (continuous drone) I felt like I was being hounded by a collection agency. I was like "Look! Am I the only name in your computer banks?" I did blow some of that money, and sent my wife off on a Safari. It was an excellent vacation since I didn't have to go!
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Robert Is Bush in jail yet? (Looks frantically at watch, then back up) How about now? Now? Come onnnnnn...... Someone freeze me until January, this wait is killing me. Update: 09 January, and still not in jail! Wassup?? 1992 Teal LS-L - 160k (Now new and improved with perfect paint!) |
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