Psychologist: "Tell me where you want to be?"
Sales guy: "I can put you and your balloon wherever you want to be"
Lawyer: "Who gave you any instructions and what's their net worth?"
-- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
No, instead of income taxes.
John
A small tax on stock transactions, 0.2% maybe, whould go a long way to damping the system.
It would discourage the people who use computers to trade stocks every few minutes. People who hold stock for years wouldn't much notice a
0.2% hit.
Only tax consumables. That corporation falls under the "used" exemption.
John
Time for me to scrape up all the cash and credit I can, and build the barn I've always wanted. There's probably no point in having savings, and you can pay back debt with wheelbarrows of funny-money.
John
It'll never happen because it'll be impossible to repeal the 16th amendment. A flat income tax is more do-able.
And trash the savings of all retirees who actually did the right thing and saved so they can pay their own way? They'll effectively be taxed twice. No, sorry, I am squarely against that. But I think we had a long thread about that a while ago.
-- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
All savings is scheduled to be trashed.
John
Sure, fiscal policy has obviously gone out the window. But since currency exchange rates are speculative long into the future the USD would have slid against the Euro starting right before QE2 was announced. Hasn't happened. Then again, the Europeans have trashed the Euro about just as badly.
What really surprised me is the part after September here:
Why did the slide stop?
-- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
..
James, I'm a liberal weenie, but I wanna hear Dems talkiing about spending cuts and Reps talking about tax increases.
George H.
...
I hear the corporate tax structure is a mess, but I don't know anything about it.
I'm all for sensible taxes.
George H.
ove...
eYeah, I heard that on the radio tonight, they want long term interest rates low so that consumers will go borrow more and then spend it. I was driving along scratching my head???
You have to make/do something. Get someone to buy it, and then spend the profit.
George H.
It's not super bad. You calculate your profit and pay a graduated income tax on that. You can deduct all legitimate expenses and consider equipment purchases up to about $100K to be expenses. Inventory is treated as an asset, so whether there's $1000 in the bank, or you buy parts and put them in a bin, it's the same.
The amount is what hurts. 35% or so for the feds, another 10% for California. That's money you can't use to build the business. That's tax money our offshore competitors don't pay.
Of course, we also pay FICA tax, unemployment taxes, workman's comp, liability insurance, health insurance, property tax, lawyers and accountants, and other fees and stuff. There are lots of reasons to not hire people.
John
"
There's no deciding--everyone gets the prebate, and everyone gets the same amount.
That gives _me_ a funny feeling--something just doesn't feel right about everyone in the country depending on a monthly check from Uncle Sam, even a small one.
-- Cheers, James Arthur
" snipped-for-privacy@att.bizzzzzzzzzzzz" wrote in news: snipped-for-privacy@4ax.com:
Comrade Obama has never run anything,so it's to be expected that he can't select competent advisors. He doesn't know anything,has no practical experience. All he does is select those who believe the same socialist garbage that he believes.
What irks me is that the dumb-ass Republicans are STILL compromising with him. they SHOULD be blocking him. And they need to get rid of the RINOs.
-- Jim Yanik jyanik at localnet dot com
,
e"
empt
I don't pay taxes on my used house or used car? (Heck I buy lotsa stuff used, that made it better back when.)
George H.
" snipped-for-privacy@att.bizzzzzzzzzzzz" wrote in news: snipped-for-privacy@4ax.com:
those are all STATE taxes,for state uses. none of that money goes to the Feds.
No,we need to cut Federal spending. We need to downsize the Federal government,and reduce it's scope of power over the states.We don't need all these Federal agencies,and their Czars.
if Congress enacted a National Sales Tax,it would only be in addition to the income tax;they will never let go of the income tax.
-- Jim Yanik jyanik at localnet dot com
I'm not sure what they believe, but they are sure a pack of idiots.
They just spent a few easy hours with Joe Biden and set off a civil war between O and the Dems in Congress. Not bad work.
John
Which is why the Fair Tax has a repeal of the 16th amendment built in it. Which is also why it won't happen.
What doesn't make sense about that? Buy now and pay back with tomorrow's inflated money. Even if by some miracle there is no inflation, you're still getting a free loan. The smart move my be to buy all the real estate you can with any loan you can get.
That's so 19th century.
ove...
eIt's silly to have the employers pay half the 'payroll' taxes that go to the goverment in the name of the employee. Just put the full amount on my tax statement, then take ~15% away. Give everyone in America a 7% pay raise, that will stimulate spending.
George H.
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