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  #23  
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Default Re: american tax system

That makes for a really interesting read. Ta!

The one good tax legislation we have here in the UK is that we can keep all the money a company earns in the companies bank account and then withdraw it all at once at 10%. It’s a single withdraw allowed though so you have to make sure that you get it all out at once. You can do that though and then start a new company, rinse and repeat every few years

Last edited by JamesNorth101; 1 Week Ago at 11:31 AM.
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  #24  
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Default Re: american tax system

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Originally Posted by phaz0rz View Post
We only own our things until we quit paying taxes on them.

Why you gotta do this to me on Saturday. Whyyyy.

I load up on inventory and "business" purchases right before the end of the year. Fk em right back.
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Father's old general contractor would donate to charity, build/donate a building or build a new warehouse even if no one used so he would meet lower income brackets. Reroll your $$, smart move imo.
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  #26  
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Default Re: american tax system

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Originally Posted by Sunspot144 View Post
Why you gotta do this to me on Saturday. Whyyyy.

I load up on inventory and "business" purchases right before the end of the year. Fk em right back.
Interesting
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  #27  
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Interesting
Yea for sure. A $20 item is worth more to you as is than the profit you make on it afterwards.
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  #28  
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@jarsky I think you are going after the wrong people man (though they should be paying taxes). They're the winners in my book and it's hard to understand til you're one of them. For the record I'm NOT one, yet.

It's not til you employ that a lot of "once-an-employee" will understand that when you've made something of yourself everyone's gonna want a piece of you. It's a lot harder going out on your own and taking risks than it is to go after someone who "has way more money than they need." Yea, of course someone in your position would say something like that.

It's the old "employer" vs "employee" war that's been going on since forever. The employees believe their entitled to higher wages and better benefits, when in reality it's the employers that gave them an opportunity to provide for themselves. They took the risks, they made the investments, they did the work to build and make something of themselves, not the other way around. Don't like it? Get out.

So then you get advocates "for the people" *cough liberals* who try to suck you dry for all your worth because they ignore or are too blind-sighted to see that those they're fighting for didn't care to take risks and decided that working for someone else is easier. What gets rolled into their ideology are people who couldn't care less about contributing, and they reap the rewards of getting unemployment checks, cheap housing, and oh yea, free health care.

Taxes are well spent and needed IMO; like repairing/building roads and providing salaries for educational positions. But it's some of the other spending that's really disturbing. We've created a whole industry out of providing for the loose ends in our society and that includes drug addicts, criminals and people with no work ethic that gets me maddest. I remember a property manager of a government housing complex say something along the lines of "thank god for these people because without them I'd be out of work."

If you're not contributing to society in a good way you're bringing everyone else down. The money I worked for shouldn't be going to taking care of and paying those responsible for those who decided 'getting high', 'robbing a gas station' or 'not looking for a job' was a good idea. I'd give half of them the death penalty if it meant I could keep half of my taxes every year. I'm trying to survive and enjoy my 60-70 years I've got on this rock, they couldn't give less of a **** about the big picture. So now you get to wipe their ass for them. Some of them like being in jail! Think about that.
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  #29  
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Default Re: american tax system

i read a story yesterday about jared kushner through nytimes that he did not pay taxes from 2009 to 2016 because he took advantage of a tax loophole by claiming depreciation to wipe out his taxable income..........so in turn he did not owe any taxes on his money........

on paper it looks like massive losses......real estate investors would take advantage of this depreciation tax loophole.....


the reason why I hate paying taxes,

the people who are entrusted with my tax money........they use my money in such ways........that is complete bull****.........

Last edited by jarsky541; 1 Week Ago at 05:46 PM.
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Ha nice. Going "negative" is not always negative when time and assets are involved. Smart play, and legal.
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  #31  
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Default Re: american tax system

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Originally Posted by Sunspot144 View Post
I'd give half of them the death penalty if it meant I could keep half of my taxes every year
Well that is an interesting point of view....
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  #32  
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Default Re: american tax system

i know how to beat the american tax system,

just find a cayman island or swiss citizen either marry or pay them to open a bank account under their name under an llc........

that you control........so when the irs puts inquiries through their fatca agreements with these countries to id american citizens opening offshore banks,

you won't show up...........on that list......

than you can pay next to nothing in terms of taxes......lol

i can guarantee you that amazon, microsoft, and google are doing something like this in order to thwart the american tax system.........

Last edited by jarsky541; 1 Week Ago at 06:08 PM.
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Default Re: american tax system

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Well that is an interesting point of view....
Thanos and I share similar beliefs.....

Back when civilization was tribes and highly codependent if you were caught even stealing you could be exiled... which at that time might as well have been a death sentence.
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  #34  
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Default Re: american tax system

Not quite Thanos belief. His is more to do with over population and he didnt punish people that deserved it based on evidence. It was all left to chance
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Default Re: american tax system

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Not quite Thanos belief. His is more to do with over population and he didnt punish people that deserved it based on evidence. It was all left to chance
Hence "similar" beliefs :P

Take out the chance and put in reason and bam, you have a place where the people left are contributing towards a society that benefits everyone.
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Default Re: american tax system

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you have a place where the people left are contributing towards a society that benefits everyone.
Sounds a lot like a system that a certain German philosopher came up with in the mid 1800's
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  #37  
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Default Re: american tax system

I guess. Children could contribute towards the family car under his rule the process was so economical and streamlined.

Targeting innocent based on religious beliefs was a crime against humanity. That was extreme.

You have to wonder how much of a fear factor you could create to deter people from crime and mooching off one another. I think we'd be much further along.
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Default Re: american tax system

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Targeting innocent based on religious beliefs was a crime against humanity. That was extreme.
That was more a 1930/40's thing not the mid 1800's. Hitler also wasn't German
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Default Re: american tax system

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That was more a 1930/40's thing not the mid 1800's. Hitler also wasn't German
Born 1889 so thought you meant him. Who are you referring to?
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Default Re: american tax system

Karl Marx - The ideology you have described is basically Marxism

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people left are contributing towards a society that benefits everyone.
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  #41  
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Default Re: american tax system

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Karl Marx - The ideology you have described is basically Marxism
OKAY thank god I thought you considered me Hitler - LOL. Was in defense mode.

You've got me on Marxism.
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Default Re: american tax system

Gonna change my legal name to Vlad

"Stories About Vlad the Impaler

In one he has all the poor and homeless in Wallachia gathered together for a great feast, locks all the doors as they drank and ate, and then burns the whole building down to rid himself of them."

The unsolvable problem is overpopulation / available jobs imbalance.
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  #43  
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Default Re: american tax system

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Originally Posted by Sunspot144 View Post
Gonna change my legal name to Vlad

"Stories About Vlad the Impaler

In one he has all the poor and homeless in Wallachia gathered together for a great feast, locks all the doors as they drank and ate, and then burns the whole building down to rid himself of them."

The unsolvable problem is overpopulation / available jobs imbalance.
I read bunch of those stories too - ah the old non-PC times...
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  #44  
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Default Re: american tax system

I kind of have a dilemma here,

should I move the money to paypal and just withdraw out in cash........pay only the small percentage fees on paypal and no american taxes......


or should I just let the money flow into my bank account and pay american taxes then buy a house..................through my american bank account........

the bitcoin real estate website does not have a lot of options in terms of buying a house in bitcoin.........in america that is.....
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