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Individuals Dodging Taxes

Discussion in 'Too Hot for Swamp Gas' started by chemgator, Mar 7, 2024.

  1. gatorpa

    gatorpa GC Hall of Fame

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    When you change the metric to “shares of total income”…
     
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  2. chemgator

    chemgator GC Hall of Fame

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    I wasn't thinking in terms of corporate taxes--just individual investor taxes. I have never wanted to be a corporate shareholder. Hence the title reference to "individuals".
     
  3. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    This is exactly what I was saying the other day about libbies.
    you actually want to block families from their inheritance. I find your pov to be abhorrent and disgusting.
    This is why I will NEVER vote for a bloodsucking liberal.
     
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  4. l_boy

    l_boy 5500

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    The other thing is that capital gains are taxing inflation. To the extent an asset increases with inflation, it isn’t income in a real sense, but it does produce nominal gains that are taxable.
     
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  5. l_boy

    l_boy 5500

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    Very few people pay federal inheritance tax at its current levels.

    At some level, all taxes are unpleasant as you are taking away money from somebody to pay for common needs. I really don’t get the outrage of taxing someone with $100 million, who is dead, and still the remaining family will be left with more wealth that 99.9% of the population. I really don’t get the moral outrage.

    I have some sympathy for the argument that inheritance taxes create a whole cottage industry for avoiding such taxes and you could argue they aren’t very efficient.
     
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  6. dangolegators

    dangolegators GC Hall of Fame

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    Yeah that's how these things are measured. What metric would you use?
     
  7. dangolegators

    dangolegators GC Hall of Fame

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    Real losses come with individual companies too. And a lot of it is based on luck.
     
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  8. gatorpa

    gatorpa GC Hall of Fame

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    I see a theme here, companies that make money are lucky.
    Individuals who become wealthy are lucky, thus they really didn’t earn that money, so it should be taken and given to someone who is “unlucky”.
     
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  9. gatorpa

    gatorpa GC Hall of Fame

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    The metric we have been talking about the entire thread.

    % of income taxes directly paid by various earning groups.
     
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  10. demosthenes

    demosthenes Premium Member

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    Literally only .08% of estates pay inheritance tax currently and that’s at an effective rate of 20%. Your umbrage doesn’t match the reality of the situation. It’s not like a single one of the heirs earned the money to begin with anyway.

    Even if we went back to historical highs of 2% of estates paying estate tax it’s not “blocking” anyone from their inheritance. Oh, no! That $50MM estate is now $40MM! How ever will they subsist on that?! You act like the government has taxed $4000 on a $10,000 inheritance.
     
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  11. dangolegators

    dangolegators GC Hall of Fame

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    And I see a trend here -- your posts are getting dumber.
     
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  12. dangolegators

    dangolegators GC Hall of Fame

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    You are making no sense. I don't think you understand this discussion.
     
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  13. citygator

    citygator VIP Member

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    Blah blah blah. At least memes are funny. Try that.
     
  14. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    Ha, no one is smart enough to understand this guy.
    Classic liberal condescension from dang…
     
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  15. g8trjax

    g8trjax GC Hall of Fame

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    Especially knowing what fantastic stewards they are with the money they already pilfer, very strange indeed.
     
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  16. gatorpa

    gatorpa GC Hall of Fame

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    Can’t you detect sarcasm?

    The sentiment is all over the place.

    Some people make and have way too much money and the Gov needs to level the playing field.

    The way to do it is take more of some people’s money.

    Some people make lots of money just doing nothing (passive income).
     
  17. gatorpa

    gatorpa GC Hall of Fame

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    Well since the discussion was about what group of earners pays the highest % of federal income taxes and you tried to change the discussion to who pays the highest % of federal income taxes as a % of their income, one could argue you don’t understand the discussion. You even tried to muddy the waters further by including all taxes paid.

    You’re smart enough to follow you just decided to try to move the discussion to metrics which support your tax the rich desire. Nice attempt with the effort.

    All the ultra rich liberals who cry that they don’t pay enough in taxes always have the option to pay more, not surprisingly they never do and fight the IRS just as much as those greedy cons and corporations.
     
  18. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    Is this a serious post? You think some people make too much money?
     
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  19. gatorpa

    gatorpa GC Hall of Fame

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    Lol, you are the one that said a lot of it is based on luck.

    That’s not a very educated opinion at least not in the business world.

    I can just see it now the CEO of a major company tells the board the reason they went under was due to “bad luck”.
     
    Last edited: Mar 10, 2024
  20. gatorpa

    gatorpa GC Hall of Fame

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    I was paraphrasing some of the sentiment from the thread. I didn’t put it in quotes as to avoid a fight about “those things not specifically being said”

    To answer you question no people should be allowed to make as much as they want (so long as it’s legal).
     
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