freeclimb9 Posted January 6, 2003 Posted January 6, 2003 if Bush is successful in his quest to eliminate stock dividend tax. All anyone would have to do is funnel income through stocks that pay heavy dividends (whether the coporation is legit, or not, is moot). Just setting up income-funneling coporations will become a great way to make money. Quote
Greg_W Posted January 6, 2003 Posted January 6, 2003 How many times do you want to be taxed? Corporations have already paid taxes on those dividends. Quote
iain Posted January 6, 2003 Posted January 6, 2003 Are you doing some kind of catch and release wildlife study on MtnGoats? Quote
freeclimb9 Posted January 6, 2003 Author Posted January 6, 2003 Just trying to save you guys some money. You don't have to be rich to benefit. You only need the proper "strategery" to protect your income. And Greg_W, we all effectively get taxed multiple times in many situations. State income tax, Federal tax, sales tax (on items that have already been taxed at least once), Gasoline tax, etc.. Â Quote
Greg_W Posted January 6, 2003 Posted January 6, 2003 I know, freeclimb, so why not start eradicating some of it? Sounds like a good plan. Quote
Dr_Flash_Amazing Posted January 6, 2003 Posted January 6, 2003 Good idea, Greg. Who the hell needs social services anyway? Losers, that's who. Quote
sexual_chocolate Posted January 6, 2003 Posted January 6, 2003 Poster: iain Subject: Re: I'll never pay taxes again . . . Â Are you doing some kind of catch and release wildlife study on MtnGoats? Â Quote
Greg_W Posted January 6, 2003 Posted January 6, 2003 DFA - that is no justification for a multiple taxation scheme. Quote
freeclimb9 Posted January 6, 2003 Author Posted January 6, 2003 so why not start eradicating some of [multiple taxations]? Some people might say that without incentives in the form of taxes, CEOs and CFOs might be tempted to not re-invest in the corporation, but, rather, bleed the business to bankruptcy and pocket the profits without even paying tax on the plunder. But it's not very Christian to think poorly of others, no? Do you pay tax on the income derived from savings? Of course, because it's income. But GW would have income derived from stock dividends exempted. I understand the thinking behind the proposal, but I think it would create much pseudo-criminal behavior. And the economy would suffer further. If Bush wants to cut taxes, better to keep with the KISS principle, IMHO. Quote
Greg_W Posted January 6, 2003 Posted January 6, 2003 Wouldn't you say that he is trying to simplify the tax code/structure? How is this different that eliminating capital gains taxes? Quote
freeclimb9 Posted January 6, 2003 Author Posted January 6, 2003 dude, people are gonna exploit it. I know I will. Or at least try to. And the taxes collected will drop, and the deficit will be giant, and the nifty things the guv'ment want to do won't be possible. You like the sound of "President Hillary"? Quote
To_The_Top Posted January 7, 2003 Posted January 7, 2003 Removing taxes from others means there can be a shift to those like us to pay more. Think about it, dont tax them, tax us instead!?!? If this happens how is the US going to pay for the Iraq thing? Cut road and justice tax dispursements?? Quote
glen Posted January 7, 2003 Posted January 7, 2003 Q: How do you spell RELIEF? BUSH: R-E-A-G-A-N-O-M-I-C-S Â We all know how well that worked in the 80's... And now we have an even bigger military budget to draw away from other programs. Get ready for the rollercoaster. Quote
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