9 Things The Rich Don't Want You To Know About Taxes

[heironymouspasparagus]

Yeah,... according to guido, the more you make the less you should have to pay.  Typical.  Just what one should expect.

He is happy to see his taxes go up... but only by about $15.  Any more than that would be soooo "unfair" to him.  Being so special and deserving and all.  But then he is one of the elite.  Any more than his "fair" 17% would be just too much!

[guido911]

Yeah,... according to guido, the more you make the less you should have to pay.  Typical.  Just what one should expect.

Um, no. The less you pay in taxes, the less you get to b!tch about how others are not paying enough. Try to keep up...Unless this is you which would explain a lot.

[heironymouspasparagus]

Bleating is the only language the RWRE understand, so I try to get down to that level.

guido said;
Well of course to you the percent is more important than the total paid because you have ZERO context/understanding of what it is like to pay big money, which is my entire point. How many years would it take you to even pay 100K in taxes, yet still argue that the rich are not paying enough? I find your type to be nothing more than jealous ingrates.  


Incredible isn't it?  He gets a 14% break to start with.  Then the other 15% he could get if he could figure out incentive stock options.  But a 30% break above and beyond what normal people get to pay just isn't quite enough.  Goes to that entitlement mentality again.  I deserve the breaks - and more! - because I make a lot of money....  Just sooo special, aren't we?  Yep, we see that in Washington DC every day of the year.  Every year of the world.  

My guess, he only stays in Oklahoma and doesn't move to Washington is to make sure us po' folks stay in line and keep paying much more than our fair share.

Nathan, notice how he beats your chops about answering a question, but will never answer one himself?  Watch out,...the name calling is next!

And the less you pay in taxes, the less right you have to grumble...yeah, right.  But since I don't have the resources to buy my own Congress, I guess you are right.  At least according to the RWRE script.  And the reality of the last 30 years....



 

[guido911]

Bleating is the only language the RWRE understand, so I try to get down to that level.

guido said;
Well of course to you the percent is more important than the total paid because you have ZERO context/understanding of what it is like to pay big money, which is my entire point. How many years would it take you to even pay 100K in taxes, yet still argue that the rich are not paying enough? I find your type to be nothing more than jealous ingrates.  


Incredible isn't it?  He gets a 14% break to start with.  Then the other 15% he could get if he could figure out incentive stock options.  But a 30% break above and beyond what normal people get to pay just isn't quite enough.  Goes to that entitlement mentality again.  I deserve the breaks - and more! - because I make a lot of money....  Just sooo special, aren't we?  Yep, we see that in Washington DC every day of the year.  Every year of the world.  

My guess, he only stays in Oklahoma and doesn't move to Washington is to make sure us po' folks stay in line and keep paying much more than our fair share.

Nathan, notice how he beats your chops about answering a question, but will never answer one himself?  Watch out,...the name calling is next!

And the less you pay in taxes, the less right you have to grumble...yeah, right.  But since I don't have the resources to buy my own Congress, I guess you are right.  At least according to the RWRE script.  And the reality of the last 30 years....



 

Are you STILL TALKING? Where do you get the gonads to comment on what I pay in taxes and at what rate. I have a team of financial planners, investment advisers, and tax people. Funny how all those people are massive dumbasses and you, someone having ZERO access to my financial information, knows more than they do. Man you suck on steroids. Do me a favor, just sit in the back seat of the gravy train and get out of the way of those driving it. You know, those people you are nauseating jealous of...

Nate. A piece of advice. When heiron is on your side, you may want to rethink your side.

[Red Arrow]

Personally, each time I get a raise and see my tax go up, I'm happy. Why? Because I made more money.

Wouldn't it be nice to keep more than half of it?

[guido911]

Wouldn't it be nice to keep more than half of it?

To this guy, paying more in taxes is a badge of honor or something. I mean, it's like, "Yay, I get to give more to the government for my hard work!"

[nathanm]

As for six figure taxes being "piddling", write the check then.

Pay me $380,000 a year to do a job and I'll be laughing all the way to the bank. And I'll still be laughing when the government takes its 31.6%. Different outlook on life, I guess.

And apparently, you completely missed my point. You are trying to claim that simply because you pay more tax than I do in absolute terms that my opinion on the matter is invalid. If that's the case, you get to pay more tax, because one of my clients pays 7 figures most years and he thinks his tax rate should be higher. Of course, he's not you, so his opinion is probably still worthless in your eyes.

[nathanm]

To this guy, paying more in taxes is a badge of honor or something. I mean, it's like, "Yay, I get to give more to the government for my hard work!"

No, it's like "yay, I live in a society that doesn't suck that costs money to keep up. I have money, so it's my responsibility to help pay for it!" I realize you think that everything you have is due solely to your own hard work, but that's just a foolish belief you hold.

Hell, as an attorney, you of all people should realize that our legal system is not the least of the things that keeps you where you are.

[Red Arrow]

...because one of my clients pays 7 figures most years and he thinks his tax rate should be higher.

People like the client you mention should start a campaign to have a line added to Form 1040 to add a voluntary tax contribution.  Then they could easily pay what they feel their fair share would be.  No muss, no fuss.  Just put a number on a line, do the arithmetic and write a check.

It's actually a serious suggestion.  I wonder how much more money the Feds would get.  I am certain they would get some.

[Conan71]

People like the client you mention should start a campaign to have a line added to Form 1040 to add a voluntary tax contribution.  Then they could easily pay what they feel their fair share would be.  No muss, no fuss.  Just put a number on a line, do the arithmetic and write a check.

It's actually a serious suggestion.  I wonder how much more money the Feds would get.  I am certain they would get some.

Check box for "Deficit (or debt) Reduction Fund".  I'd contribute even though I don't feel it's my fault a really corrupt Congress got us in this mess in the first place.  I never put a dime into the Presidential Campaign Fund or whatever it is.

Put a check box in there and see what happens.  One of the oldest tenets in sales (though often quite effective) is: "You don't get what you don't ask for"  Ask for it and see if it raises a few billion.  Hell it's better than a sharp stick in the eye.

[DolfanBob]

Did I hear somebody say their fair share.

[Red Arrow]

Check box for "Deficit (or debt) Reduction Fund".  I'd contribute even though I don't feel it's my fault a really corrupt Congress got us in this mess in the first place.  I never put a dime into the Presidential Campaign Fund or whatever it is.

Put a check box in there and see what happens.  One of the oldest tenets in sales (though often quite effective) is: "You don't get what you don't ask for"  Ask for it and see if it raises a few billion.  Hell it's better than a sharp stick in the eye.

A check box would be OK but not like the one for the Presidential Campaign Fund.  It only earmarks funds.  This one would need to be for new/additional funds. 

http://en.wikipedia.org/wiki/Presidential_election_campaign_fund_checkoff

The presidential election campaign fund checkoff appears on US income tax return forms as the question Do you want $3 of your federal tax to go to the Presidential Election Campaign Fund?

Checking the box does not change the amount of an individual's tax or refund. The $3 is paid by the government. In other words, checking the box causes the federal government to receive $3 less in tax revenue for other spending, than if you hadn't checked the box.

[heironymouspasparagus]

Nathan,
It's a hopeless cause.  He is so deep into the magic RWRE Kool-Aid that he will never understand.
What he just can't seem to get his mind around is that if his taxes doubled every year for the rest of his life, he would be in financial heaven.  Because as everyone with a brain understands, that means he gets to keep proportionally that much more!  But math is obviously not the strong point here...  what IS the strong point here is the concept of "it's all about me..."!


Must have hit pretty close on the numbers to get that kind of reaction (I know...I was way low on yours - there is way more than that coming in, but the most he should have to pay would be no more than 10 times what the poor guy has to pay - the $3,800 number).  Oh, wait, being a reactionary, I guess it doesn't matter - there will always be that kind of reaction.  If you are so dissatisfied with the results and have all those people advising, I don't know why you use such inadequate advisor's.  I guess I would be expecting a lot more from them, if I were you.  Maybe you got the wrong 'posse' doing the job for you?  They obviously aren't getting your rates low enough and returns high enough, so they are obviously incompetent.  There must be better out there for your specialness.

Are you STILL TALKING? Where do you get the gonads to comment on what I pay in taxes and at what rate. I have a team of financial planners, investment advisers, and tax people. Funny how all those people are massive dumbasses and you, someone having ZERO access to my financial information, knows more than they do. Man you suck on steroids. Do me a favor, just sit in the back seat of the gravy train and get out of the way of those driving it. You know, those people you are nauseating jealous of...


It would be 'nauseatingly'.  If proper English were to be used...

Classic example of elitist mentality.  You are right.  You are special.  The rest of us are not.  We don't deserve to grovel at your feet.  If you were riding the bus, we should absolutely take the back seats.  Or the back seat of the gravy train...  You obviously are much more suited to be at the front of the line of the gravy train.  And entitled...I almost forgot entitled!  We can all learn so much by just basking in the glow of your golden radiance!  I am so sorry!  Truly, I just don't know my place in life.  I promise to always try to go to the back of the bus from now on.  Again, I'm sorry!


LOL, LOL, LOL, LOL, LOL, LOL...etc, etc.

[Red Arrow]

Yeah,... according to guido, the more you make the less you should have to pay.  Typical.  Just what one should expect.

I love the way everyone misuses percentage and number of actual dollars to try to make a point.

[heironymouspasparagus]

I am always talking about percentages.  It is the only valid comparison technique for tax calculation.  And it is a grotesque mockery that the 1%ers should be averaging 17% when the bottom 99% pay so much more as a percentage.