Tax Day

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How is this not easily understood??

another area this video did not cover were all the usage taxes , tax gas , sales tax , internet tax , tax on cell service , tax on electric and on and on and on . also the price extra you pay so others can pay their tax

[quote]jbpick86 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How
is this not easily understood??
[/quote]

some people do brake their back to start a business , most don’t

you seem to think in terms of absolute

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Only a fool would prefer to trade their time for money if the alternative is to let their money work for them.

[quote]cwill1973 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Only a fool would prefer to trade their time for money if the alternative is to let their money work for them.
[/quote]

cwill you are a smart guy.

[quote]pittbulll wrote:

[quote]jbpick86 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How
is this not easily understood??
[/quote]

some people do brake their back to start a business , most don’t
[/quote]

Who are you referring to that didn’t have to got through the ringer to start a business? Unless you are referring to those that inherited or bought a business, which just means at some point somewhere down the line someone busted their ass to make their place in the world and assure that not only would he be comfortable but subsequent generations would as well. Either way, hard work, greater intestinal fortitude, or superior intellect is at the root of how they came about that money and they should not be penalized just greater than anyone else just because of it.

Also maybe you can explain that bottom 5% thing when the bottom 5% not only do not pay taxes, but actually receive a refund in excess of what some of them earned, which was nothing?

[quote]jbpick86 wrote:
Who are you referring to that didn’t have to got through the ringer to start a business? Unless you are referring to those that inherited or bought a business, which just means at some point somewhere down the line someone busted their ass to make their place in the world and assure that not only would he be comfortable but subsequent generations would as well. Either way, hard work, greater intestinal fortitude, or superior intellect is at the root of how they came about that money and they should not be penalized just greater than anyone else just because of it.

Also maybe you can explain that bottom 5% thing when the bottom 5% not only do not pay taxes, but actually receive a refund in excess of what some of them earned, which was nothing?
[/quote]

You are wasting your time(and I imagine that I already explained the 5% thing). You are talking to someone who thinks in terms of, “I strangle one pig, I better producer than man who shoot 10 pig.”(I actually like pittbulll-at least to the extent one can like someone he knows only over an internet message board-but that is his thought process) That is the only way one can believe that the amount of labor involved should have any impact on pay/income.

In a pittbulll-esque world, the man who spends 8 hours a day pushing a Prowler and swinging a sledgehammer in his backyard(he’s the hardest working self-employed laborer I know of) deserves more money than the folks that created the iPhone, etc.

He doesn’t understand that investments allow others to make money. He has no clue that investments are the free market’s version of taxation. He can’t comprehend that the only differences between paying taxes and investing are that the investor controls his investments, and the investment doesn’t have to be taken by force. He’s joined by the vast majority of people.

For what it’s worth, the biggest earners(EARNER being an important qualifier here) do more actual work than others. If a quadriplegic invests 10 billion dollars in Business XYZ, he has done more work than a man who plants each individual blade of grass at Business XYZ’s headquarters. Actually, assuming that the grass planter did not do his work for free and out of the kindness of his heart, the quadriplegic can easily be credited with planting those blades of grass.

@ the CJS you act as though I disagree, I agrees whole heartedly , but they should be taxed

[quote]NickViar wrote:

[quote]jbpick86 wrote:
Who are you referring to that didn’t have to got through the ringer to start a business? Unless you are referring to those that inherited or bought a business, which just means at some point somewhere down the line someone busted their ass to make their place in the world and assure that not only would he be comfortable but subsequent generations would as well. Either way, hard work, greater intestinal fortitude, or superior intellect is at the root of how they came about that money and they should not be penalized just greater than anyone else just because of it.

Also maybe you can explain that bottom 5% thing when the bottom 5% not only do not pay taxes, but actually receive a refund in excess of what some of them earned, which was nothing?
[/quote]

You are wasting your time(and I imagine that I already explained the 5% thing). You are talking to someone who thinks in terms of, “I strangle one pig, I better producer than man who shoot 10 pig.”(I actually like pittbulll-at least to the extent one can like someone he knows only over an internet message board-but that is his thought process) That is the only way one can believe that the amount of labor involved should have any impact on pay/income.

In a pittbulll-esque world, the man who spends 8 hours a day pushing a Prowler and swinging a sledgehammer in his backyard(he’s the hardest working self-employed laborer I know of) deserves more money than the folks that created the iPhone, etc.

He doesn’t understand that investments allow others to make money. He has no clue that investments are the free market’s version of taxation. He can’t comprehend that the only differences between paying taxes and investing are that the investor controls his investments, and the investment doesn’t have to be taken by force. He’s joined by the vast majority of people.

For what it’s worth, the biggest earners(EARNER being an important qualifier here) do more actual work than others. If a quadriplegic invests 10 billion dollars in Business XYZ, he has done more work than a man who plants each individual blade of grass at Business XYZ’s headquarters. Actually, assuming that the grass planter did not do his work for free and out of the kindness of his heart, the quadriplegic can easily be credited with planting those blades of grass.

[/quote]

Oh I know I am. And I have done this before. But every now and then, about every 10th or 11th one of these threads, I hash it out again. More for my own amusement than anything else. Then I retreat back to my log and wait.

Lets actually look at the real data.

[quote]dmaddox wrote:

Lets actually look at the real data.[/quote]

None of that surprised me.

I like the way they cover the top 10% but forget to mention the top 1% or even better the top .001%. Fuck I am in the top 10% and I feel fucked

Funny thing happened when I clicked on that tax foundation link , it came up for a couple seconds then rolled over to wiki’s moral majority page

[quote]cwill1973 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Only a fool would prefer to trade their time for money if the alternative is to let their money work for them.
[/quote]

I dunno, I trade my time for money and I’m bringing in a quarter mil a year…

I don’t consider my self a fool. I DO have other interests and assets that “work” for me, but most of my income is hourly w-2. And I’m just a ex felon with out a HS diploma.

[quote]pittbulll wrote:

[quote]jbpick86 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How
is this not easily understood??
[/quote]

some people do brake their back to start a business , most don’t
[/quote]

There is no way you can be serious here, you are just trolling now.

[quote]UtahLama wrote:

[quote]pittbulll wrote:

[quote]jbpick86 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How
is this not easily understood??
[/quote]

some people do brake their back to start a business , most don’t
[/quote]

There is no way you can be serious here, you are just trolling now.[/quote]

please tell me what is so offensive with my post , I merely said “Some People do break their backs to start a Business”

[quote]UtahLama wrote:

[quote]pittbulll wrote:

[quote]jbpick86 wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:

[quote]pittbulll wrote:

[quote]dmaddox wrote:
Yeah!!! The Government taxes me when I work and earn it, then tax me again when I save a portion of my earnings and invest it. Yeah!!![/quote]

what if you manage your own hedge fund , you don’t earn it ?
[/quote]

I do not understand your question? You do know that most hedge funds are out of money in 5 years right? Hedge Funds are not a good investment.
[/quote]

there are many people that let their money make money and there are many people who earn their income by employing their money
[/quote]

Yet how did they get the money in the first place? How many people are you talking about?
[/quote]

they might have stolen it or they might have made it on YOUR PHYSICAL LABOR
[/quote]

You mean by breaking their backs to start their own business early in life or coming up with intellectual property that everyone wants(ie being smarter than most) so that they can one day sit back and say “I will let the rest of you do this work for me because I played my cards right and I can do that”? Why should physical labor be highly rewarded? It is low skill or easily trained therefore does not demand a high wage. Running a major organization is much higher skill with much graver consequences should they not perform (ie the manual laborers no longer have a job) and should be compensated as such. How
is this not easily understood??
[/quote]

some people do brake their back to start a business , most don’t
[/quote]

There is no way you can be serious here, you are just trolling now.[/quote]

or are you suggesting that every one breaks their back to start a business ???