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adifferentname
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04 Oct 2016, 8:11 pm

Kraichgauer wrote:
Plenty of the rich get away with tax evasion. It's much too common.


Such as?

Quote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


That'd be a fantastic tax policy if your goal was to chase all potential investment offshore and bankrupt the nation.



Kraichgauer
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05 Oct 2016, 1:32 am

adifferentname wrote:
Kraichgauer wrote:
Plenty of the rich get away with tax evasion. It's much too common.


Such as?

Quote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


That'd be a fantastic tax policy if your goal was to chase all potential investment offshore and bankrupt the nation.


Such as? Big business uses loopholes to evade taxation all the time. GE hasn't paid a dime for years, and they're hardly the only ones.
As for risking driving away investment offshore - that's been going on for years, with big business leaving American workers holding the bag while they make out like the bandits by relocating manufacturing in the third world. Giving into big business has done nothing for ordinary Americans. The idea that if we make them pay taxes will make them leave is total bullsh*t, as they have evaded taxes for years. It's time to limit their right to relocate off shore.


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adifferentname
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05 Oct 2016, 2:20 am

Kraichgauer wrote:
adifferentname wrote:
Kraichgauer wrote:
Plenty of the rich get away with tax evasion. It's much too common.


Such as?

Quote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


That'd be a fantastic tax policy if your goal was to chase all potential investment offshore and bankrupt the nation.


Such as? Big business uses loopholes to evade taxation all the time. GE hasn't paid a dime for years, and they're hardly the only ones.


Is it your intent to mislead or are you somehow continuing to use the phrase "tax evasion", in the context of "getting away with", completely incorrectly despite repeatedly being informed why that's wrong?

Quote:
As for risking driving away investment offshore - that's been going on for years, with big business leaving American workers holding the bag while they make out like the bandits by relocating manufacturing in the third world. Giving into big business has done nothing for ordinary Americans. The idea that if we make them pay taxes will make them leave is total bullsh*t, as they have evaded taxes for years. It's time to limit their right to relocate off shore.


You didn't suggest that you "make them pay taxes", you suggested you should "squeeze them for all they're worth". In light of your continued complaints that they're "getting away with it", it would be a stretch to suggest this was hyperbolic rather than a genuine desire to enact punitive measures.



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05 Oct 2016, 2:34 am

Quote:
Is it your intent to mislead or are you somehow continuing to use the phrase "tax evasion", in the context of "getting away with", completely incorrectly despite repeatedly being informed why that's wrong?


Yup, hence why i stopped posting here, ideologies based on personal opinion and not facts. I realized its like going round in a fish bowl, so i dont bother. I said my piece which is from hundreds of hours of research based on taxation laws, the freeman/strawman, magna charta etc etc... I give you just one challenge! Please find where in the American constitutional 'LAW' ( and i say LAW as law is based under common law and all else are statutes which comes from the Roman era and are placed under commercial maritime law) that says paying taxes on your own LABOR is not voluntary! I know you wont find it, because it doesn't exist! But if you the sheeple would rather base your opinions on what you hear and not facts then im not interested in discussion as it will be futile. Happy with fact based discussions not airy fairy personal opinions voiced as fact... Show me the facts to your argument. Only one challenge, thats all! (sorry, better put a smiley face so it doesn't come across as too boystrous) :mrgreen:



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05 Oct 2016, 4:41 am

Kraichgauer wrote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


When you say things like this, it kind of justifies the wealthy hiring lobbyists as self defense against class warriors such as yourself, it's very much in their interest. It's kinda like declaring your intention to rob someone, and then complaining when they hire goons to take you out first.


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Dox47
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05 Oct 2016, 4:43 am

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

John Maynard Keynes


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05 Oct 2016, 4:50 am

He also said "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone". Eek!



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05 Oct 2016, 5:00 am

Keynes also made a killing in the stock market using what is known as the "castles in the air" school of investing, where the investor doesn't buy stocks based on their intrinsic value, but by making deductions about what stocks are going to be most appealing to other buyers whether they're actually good or not. It's risky, but apparently he was very good at it.


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05 Oct 2016, 6:35 am

Just to give a layman's term to my argument This video i think will help you understand what im trying to explain. I have only seen the first few minutes of it but seems to almost explain word for word what i tried to explain here... There is a magnitude of information out there, you just have to spend the time to look :) Then with more and more information that branch off to different areas you then get to see a totally different picture of the world we actually live in rather than the world the media, government, spin doctors, schools and social gossip wish you to believe ( Thats my view and experience)



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05 Oct 2016, 3:32 pm

Dox47 wrote:
Kraichgauer wrote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


When you say things like this, it kind of justifies the wealthy hiring lobbyists as self defense against class warriors such as yourself, it's very much in their interest. It's kinda like declaring your intention to rob someone, and then complaining when they hire goons to take you out first.


Oh, the poor wealthy! I need a tissue to wipe my eyes! If only there was an emoticon for the world's tiniest violin playing. :P


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05 Oct 2016, 3:36 pm

adifferentname wrote:
Kraichgauer wrote:
adifferentname wrote:
Kraichgauer wrote:
Plenty of the rich get away with tax evasion. It's much too common.


Such as?

Quote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


That'd be a fantastic tax policy if your goal was to chase all potential investment offshore and bankrupt the nation.


Such as? Big business uses loopholes to evade taxation all the time. GE hasn't paid a dime for years, and they're hardly the only ones.


Is it your intent to mislead or are you somehow continuing to use the phrase "tax evasion", in the context of "getting away with", completely incorrectly despite repeatedly being informed why that's wrong?

Quote:
As for risking driving away investment offshore - that's been going on for years, with big business leaving American workers holding the bag while they make out like the bandits by relocating manufacturing in the third world. Giving into big business has done nothing for ordinary Americans. The idea that if we make them pay taxes will make them leave is total bullsh*t, as they have evaded taxes for years. It's time to limit their right to relocate off shore.


You didn't suggest that you "make them pay taxes", you suggested you should "squeeze them for all they're worth". In light of your continued complaints that they're "getting away with it", it would be a stretch to suggest this was hyperbolic rather than a genuine desire to enact punitive measures.


Proper use of the term "tax evasion" or not, most Americans who either have to bear the burden of taxation when they barely can take it, or those who are vilified for being too poor to pay taxes, will call it tax evasion when some billionaire - or someone who plays a billionaire on TV, like Trump - is able to slip through loopholes without paying a penny.


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05 Oct 2016, 4:44 pm

Uncle wrote:
Just to give a layman's term to my argument This video i think will help you understand what im trying to explain.


http://www.nytimes.com/2006/07/31/movies/31russ.html



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05 Oct 2016, 4:55 pm

Mootoo wrote:
Uncle wrote:
Just to give a layman's term to my argument This video i think will help you understand what im trying to explain.


http://www.nytimes.com/2006/07/31/movies/31russ.html



Show me the law! Thats all im asking! The article doesnt show anything pertaining to said law. You will realize if you actually do the research rather than pull a single article ( which doesnt even link to said apparent law) That there is no law! You can believe what you wish to, but i prefer the facts. If you can show me factual evidence of such law i will be happy to sway my opinion. :)



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05 Oct 2016, 5:11 pm

Kraichgauer wrote:
adifferentname wrote:
Kraichgauer wrote:
adifferentname wrote:
Kraichgauer wrote:
Plenty of the rich get away with tax evasion. It's much too common.


Such as?

Quote:
Even if it's legal, far too many of the super wealthy get away without paying a dime, leaving the burden on ordinary people. I say, get rid of all the damn loopholes, and then squeeze those bastards for all they're worth. :evil:


That'd be a fantastic tax policy if your goal was to chase all potential investment offshore and bankrupt the nation.


Such as? Big business uses loopholes to evade taxation all the time. GE hasn't paid a dime for years, and they're hardly the only ones.


Is it your intent to mislead or are you somehow continuing to use the phrase "tax evasion", in the context of "getting away with", completely incorrectly despite repeatedly being informed why that's wrong?

Quote:
As for risking driving away investment offshore - that's been going on for years, with big business leaving American workers holding the bag while they make out like the bandits by relocating manufacturing in the third world. Giving into big business has done nothing for ordinary Americans. The idea that if we make them pay taxes will make them leave is total bullsh*t, as they have evaded taxes for years. It's time to limit their right to relocate off shore.


You didn't suggest that you "make them pay taxes", you suggested you should "squeeze them for all they're worth". In light of your continued complaints that they're "getting away with it", it would be a stretch to suggest this was hyperbolic rather than a genuine desire to enact punitive measures.


Proper use of the term "tax evasion" or not, most Americans who either have to bear the burden of taxation when they barely can take it, or those who are vilified for being too poor to pay taxes, will call it tax evasion when some billionaire - or someone who plays a billionaire on TV, like Trump - is able to slip through loopholes without paying a penny.


German philosopher Peter Sloterdijk, a self proclaimed left-conservative, recently created a bit of public outcry as he suggested taxes should be voluntary.
it took me a while of reading and listening to him speak on youtube until I figured out the thinking behind that.
Right now, paying taxes is a legal and a moral obligation, and everyone paying more than necessary is considered "wasting money", or plainly: an idiot, while the morals are only a minor argument for businessmen.
Like Trump and his supporters say: any good businessman takes any chance to pay as little as possible.
being rich and staying rich is, in capitalism, the right thing to do.
it's also the morally wrong one, but fiscally right, and when in capitalism, fiscal reasons trump morals. no pun intended.
Now, if one took away the legal obligation, and made it into a purely moral choice, things look differently. Now, not giving taxes is still the less moral of the choices. Now it would be an argument against Trump, on every level, because there only is one: the moral one.
sure, you can still pay no taxes, but you can't say you're a smart businessman for that. you can only say you value money over society-

I guess, voluntary taxes would lead to horribly declined infrastructure first, though, before shareholders and billionaires accept that taxes are necessary, not just one more problem for the accountant to fix.
but when trump learns that the trucks delivering his steaks can't drive on the broken roads anymore, he'll realize the necessity of infrastructure.
but you can't just lower taxes. they have to be voluntary.
if you lower them, everyone would still just pay as little as he needs to, and still call it theft while doing so.

I'm not sure if I agree with what the philosopher proposes, but I get the point.
Trump, google, apple and the likes wouldn't be doing the right thing anymore, but only the greedy thing.


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luan78zao
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05 Oct 2016, 6:02 pm

Profits and income are taxed, losses aren't. Trump didn't "evade taxes" and carrying losses forward isn't a "loophole" or even unusual. It's perfectly ordinary and logical and common in most countries.

Suppose in 2014 you invested ten million dollars in a project, and got nothing back in that year. In 2015 this investment returned $2 million. Is that two million of profit, on which you ought to pay taxes? No, you're still down $8 million. If we taxed all income within a calendar year as if previous years did not exist, we'd kill off investment. Most large investments take more than a year to return a profit.

Trump is a habitual liar and an unprincipled con man. He says something reprehensible every other day. There's no need to make s**t up in order to make him look bad.


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06 Oct 2016, 1:08 am

luan78zao wrote:
Profits and income are taxed, losses aren't. Trump didn't "evade taxes" and carrying losses forward isn't a "loophole" or even unusual. It's perfectly ordinary and logical and common in most countries.

Suppose in 2014 you invested ten million dollars in a project, and got nothing back in that year. In 2015 this investment returned $2 million. Is that two million of profit, on which you ought to pay taxes? No, you're still down $8 million. If we taxed all income within a calendar year as if previous years did not exist, we'd kill off investment. Most large investments take more than a year to return a profit.

Trump is a habitual liar and an unprincipled con man. He says something reprehensible every other day. There's no need to make s**t up in order to make him look bad.


Your last three sentences say it all. :thumleft:
If anything, those losses prove Trump aint the business genius he claims to be.


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