You all need to stop all your complaining and enjoy your trickling down on provided by the Reagan, Bush and Trump tax cuts. Bunch of ingrates!
The Tax Thread
- Thread starter CharminTide
- Start date
This trickle down has a yellowish color to it...You all need to stop all your complaining and enjoy your trickling down on provided by the Reagan, Bush and Trump tax cuts. Bunch of ingrates!
Last edited:
I don’t live in hill country - I’m tired of people slinging it.
And then there’s this...
https://apple.news/AY5Tsv67eRAOabBWYLjBolw
Sent from my iPad using Tapatalk
I agree and have agreed in other threads that tax laws and brackets for the rich needs to be address. But I don't understand why you don't have the same angst and disdain for government's egregious wasteful spending. Why aren't you as upset at that? Do you not think the government's lack of fiscal responsibility is an injustice and in some cases is nothing more than legalized theft? Until we attach the bottom of the cup, back to the bottom of the cup. You tax the rich all you want. You will always be asking for more.
They make up for it for all the jerbs they create where folks have to wear adult diapers and load packages for 8 hours straight.
They are exempt from collecting and paying sales and use taxes and property taxes? I'm unable to open those links and am simply going by the statement that Amazon plays $0 dollars in taxes.
Edit:
Here ya go. Found this article. Gives a pretty good explanation.
https://www.businessinsider.com/amazon-not-paying-taxes-trump-bezos-2018-4
Last edited:
I wondered about this when the corporate tax rate was slashed. Now I know. The rate was lowered and all the loopholes were left in place. Wonder what the effective rate will be this year? 10%?
From the links in the above posts:
[FONT="]The think tank writes that the 2017 Tax Cuts and Jobs Act not only decreased corporate tax rates from 35% to 21%, but it also didn’t close “a slew of tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes on almost half of their profits.”[/FONT]
From the links in the above posts:
[FONT="]The think tank writes that the 2017 Tax Cuts and Jobs Act not only decreased corporate tax rates from 35% to 21%, but it also didn’t close “a slew of tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes on almost half of their profits.”[/FONT]
No corporation or any of the wealthiest Americans have ever paid the actual tax rate; so many don’t realize how many write offs that they have access to, that the rest of us don’t (Earle knows and has said as much).
In many if not most cases the effective rate they do pay is less than what the rest of us pay.
Sent from my iPad using Tapatalk
In the early part of this century, I was working in Temecula and the dentist whose office I was working in told me he had just bought a plane a few months earlier, was using it to fly 30 minutes to his satellite practice in another city once a week and was able to “write off” the cost of the plane. Full cost.
This loophole was eliminated years later, IIRC, but the fact it existed at all is evidence of what has been happening for decades.
Sent from my iPad using Tapatalk
This loophole was eliminated years later, IIRC, but the fact it existed at all is evidence of what has been happening for decades.
Sent from my iPad using Tapatalk
I actually like this type if tax write off if the plane was built in America. It produced money for an American company and was a business expense for this man. When they allow them to right off Chinese planes I have a problem because that does not encourage people to spend money in America.
Please. He could drive to that office, it’s only once a week.
He gets to use that plane to fly wherever he wants, whenever he wants. Writing it off as a deduction is much worse than mortgage interest, OOP healthcare costs (post-tax), charitable donations etc.
Why should he get a plane, essentially for free? He’s not doing charity dentistry at his satellite office.
Sent from my iPad using Tapatalk
For free? You know that's not how this works. He simply didn't have to pay income taxes on the purchase price.
It's weird how some of you get so wound up over people trying to minimize their tax liability instead of getting worked up over a federal government whose spending has ballooned to over twice what it was in 2000, despite inflation only growing by 45% in that time.
It's like some of you would rather complain that a person deeply in debt isn't making enough money rather than addressing their poor spending habits.
Is it safe to assume that those of you who want more taxes paid are simple filing with no itemization or deductions? Or do you pay extra, since the government needs more funding?
Or is this about other people paying more?
Rhetorical questions, I think we already know the answer.
Or is this about other people paying more?
Rhetorical questions, I think we already know the answer.
The way I understood it, from talking to him, was that he wrote off the cost of the plane as a deduction, not that he didn’t pay “income” taxes on the money he used to pay for it.
I’m not sure how the deduction worked, but regardless, not paying taxes on money you used to buy the plane (again, that’s not the way he explained it to me, but Earle might understand it fully, all I know is that it’s no longer available) is different from not paying taxes on money you use to buy a car how, exactly?
Sent from my iPad using Tapatalk
Latest threads
-
US Army replacing 5.56mm rifle with a 6.8mm for infantry- Started by Tidewater
- Replies: 4
-
-
Game One of Alabama-Texas A&M Alabama Series Moved to Friday as Part of Doubleheader- Started by Diamond Tide
- Replies: 0
-
Bama Game Thread: Bama Gymnastics - NCAA Championship Semi-finals (ESPN2 | 4/18 @ 8pm CT)- Started by BamaNation
- Replies: 32
-
No. 1 Visits Tuscaloosa for Second Straight Week as Alabama Hosts Top-Ranked Texas A&M
- Started by Diamond Tide
- Replies: 0
-