$300k?

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#51	Post #51 was unavailable or deleted.
_____Cait 11/13/17 12:20:15 PM #52:	A billion percent --- ORAS secret base: http://imgur.com/V9nAVrd 3DS friend code: 0173-1465-1236 <cite>_____Cait posted [p:890306446] in What's a f... [t:75986526]...</cite> <quote>A billion percent</quote> ... Copied to Clipboard!
Darkman124 11/13/17 12:26:59 PM #53:	Bullet_Wing posted... But someone gives it to you after taxes have been paid on it already. his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:890306770] in What's a f... [t:75986526]...</cite> <quote><cite>Bullet_Wing posted...</cite> <quote> But someone gives it to you after taxes have been paid on it already.</quote> his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits</quote> ... Copied to Clipboard!
emblem boy 11/13/17 12:38:42 PM #54:	I just thought of something about the estate tax. So I'm of the opinion it should be taxed since it's income. Right now though, is it only taxed (after the 5 million cutoff) that year it's inherited? Or does that tax apply every year? --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:890307371] in What's a f... [t:75986526]...</cite> <quote>I just thought of something about the estate tax. So I'm of the opinion it should be taxed since it's income. Right now though, is it only taxed (after the 5 million cutoff) that year it's inherited? Or does that tax apply every year?</quote> ... Copied to Clipboard!
Balrog0 11/13/17 12:39:12 PM #55:	Darkman124 posted... his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits can you deduct gifts to individuals? I honestly don't know how that works for the giver --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. <cite>Balrog0 posted [p:890307401] in What's a f... [t:75986526]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits</quote> can you deduct gifts to individuals? I honestly don't know how that works for the giver</quote> ... Copied to Clipboard!
BuzzyTheCat 11/13/17 12:43:32 PM #56:	Balrog0 posted... Darkman124 posted... his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits can you deduct gifts to individuals? I honestly don't know how that works for the giver No you cant. --- This signature has been deleted due to people being much too sensitive about religion. <cite>BuzzyTheCat posted [p:890307650] in What's a f... [t:75986526]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits</quote> can you deduct gifts to individuals? I honestly don't know how that works for the giver</quote> No you cant.</quote> ... Copied to Clipboard!
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Balrog0 11/13/17 12:46:58 PM #58:	BuzzyTheCat posted... Balrog0 posted... Darkman124 posted... his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits can you deduct gifts to individuals? I honestly don't know how that works for the giver No you cant. makes sense just another way our tax code favors the capitalist class tbqh --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. <cite>Balrog0 posted [p:890307818] in What's a f... [t:75986526]...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>his point is that by paying it to you, your employer deducts it from their revenues when calculating taxable profits</quote> can you deduct gifts to individuals? I honestly don't know how that works for the giver</quote> No you cant.</quote> makes sense just another way our tax code favors the capitalist class tbqh</quote> ... Copied to Clipboard!
Darkman124 11/13/17 1:15:12 PM #59:	emblem boy posted... I just thought of something about the estate tax. So I'm of the opinion it should be taxed since it's income. Right now though, is it only taxed (after the 5 million cutoff) that year it's inherited? Or does that tax apply every year? yes, the year it's inherited also all assets are treated as having a cost basis of the price at which they were inherited so if you bought apple stock at $10/share, then died after it reached $1000/share (equivalent), the person who inherits has a cost basis of 1000/share, not $10/share so if he then sells he can avoid ever paying tax on the stock. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:890309531] in What's a f... [t:75986526]...</cite> <quote><cite>emblem boy posted...</cite> <quote>I just thought of something about the estate tax. So I'm of the opinion it should be taxed since it's income. Right now though, is it only taxed (after the 5 million cutoff) that year it's inherited? Or does that tax apply every year? </quote> yes, the year it's inherited also all assets are treated as having a cost basis of the price at which they were inherited so if you bought apple stock at $10/share, then died after it reached $1000/share (equivalent), the person who inherits has a cost basis of 1000/share, not $10/share so if he then sells he can avoid ever paying tax on the stock.</quote> ... Copied to Clipboard!
emblem boy 11/13/17 1:31:14 PM #60:	Darkman124 posted... yes, the year it's inherited For liquid money, every year after that is it then treated as income then? --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:890310476] in What's a f... [t:75986526]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>yes, the year it's inherited </quote> For liquid money, every year after that is it then treated as income then?</quote> ... Copied to Clipboard!
ImTheMacheteGuy 11/13/17 1:36:51 PM #61:	100% --- Place-holder sig because new phone and old sigs not saved :/ <cite>ImTheMacheteGuy posted [p:890310829] in What's a f... [t:75986526]...</cite> <quote>100%</quote> ... Copied to Clipboard!
Darkman124 11/13/17 1:40:35 PM #62:	emblem boy posted... For liquid money, every year after that is it then treated as income then? not sure what youre asking if you get a stock that pays a dividend the stock's cost basis is what its worth when you inherit, you pay tax on any over 5.5m, then it is your asset and any dividends paid after inheritance are taxed as any other stock dividend, sale proceeds taxed as any other capital gain --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:890311050] in What's a f... [t:75986526]...</cite> <quote><cite>emblem boy posted...</cite> <quote> For liquid money, every year after that is it then treated as income then? </quote> not sure what youre asking if you get a stock that pays a dividend the stock's cost basis is what its worth when you inherit, you pay tax on any over 5.5m, then it is your asset and any dividends paid after inheritance are taxed as any other stock dividend, sale proceeds taxed as any other capital gain</quote> ... Copied to Clipboard!
FL81 11/13/17 1:45:16 PM #63:	0% taxation is theft --- https://i.imgtc.com/C6jP02v.jpg https://i.imgtc.com/UAGNJFv.gif https://i.imgtc.com/cBTnWgf.png https://i.imgtc.com/wdjM3F8.png <cite>FL81 posted [p:890311312] in What's a f... [t:75986526]...</cite> <quote>0% taxation is theft</quote> ... Copied to Clipboard!
emblem boy 11/13/17 1:59:48 PM #64:	Darkman124 posted... emblem boy posted... For liquid money, every year after that is it then treated as income then? not sure what youre asking if you get a stock that pays a dividend the stock's cost basis is what its worth when you inherit, you pay tax on any over 5.5m, then it is your asset and any dividends paid after inheritance are taxed as any other stock dividend, sale proceeds taxed as any other capital gain Nvm, I was having a brain fart --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:890312187] in What's a f... [t:75986526]...</cite> <quote><cite>Darkman124 posted...</cite> <quote><cite>emblem boy posted...</cite> <quote> For liquid money, every year after that is it then treated as income then? </quote> not sure what youre asking if you get a stock that pays a dividend the stock's cost basis is what its worth when you inherit, you pay tax on any over 5.5m, then it is your asset and any dividends paid after inheritance are taxed as any other stock dividend, sale proceeds taxed as any other capital gain</quote> Nvm, I was having a brain fart</quote> ... Copied to Clipboard!
Malcolm_McGuffi 11/13/17 2:32:12 PM #65:	BuzzyTheCat posted... Anarchy_Juiblex posted... Why are you trying to bleed the poor? Buzzy Or do you want this tax increase to pay for relevant services or just cut the billionaires another break? Every man is equal. That should mean every man pays equally. People who let dumb ideology like this cloud their perspective on how much it would fuck over the country really are a huge threat to the world. Do you want ALL the money to pool up at the top, and along with it all the political power? In what way is that good for 95% of people? How about this. For every million dollars you make after your first million, you get to keep 25% of it. You make one million this year, you get taxed at the current rate, you keep 600k. You make two million, you get to keep 850k. You make three million, you get to keep 1.1 million. The other 1.9 million goes to paying off our DEBT and guaranteeing I'll get my fucking Social Security when I'm 65. <cite>Malcolm_McGuffi posted [p:890314143] in What's a f... [t:75986526]...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote><cite>Anarchy_Juiblex posted...</cite> <quote>Why are you trying to bleed the poor? Buzzy Or do you want this tax increase to pay for relevant services or just cut the billionaires another break?</quote> Every man is equal. That should mean every man pays equally.</quote> People who let dumb ideology like this cloud their perspective on how much it would fuck over the country really are a huge threat to the world. Do you want ALL the money to pool up at the top, and along with it all the political power? In what way is that good for 95% of people? How about this. For every million dollars you make after your first million, you get to keep 25% of it. You make one million this year, you get taxed at the current rate, you keep 600k. You make two million, you get to keep 850k. You make three million, you get to keep 1.1 million. The other 1.9 million goes to paying off our DEBT and guaranteeing I'll get my fucking Social Security when I'm 65.</quote> ... Copied to Clipboard!
thelovefist 11/13/17 4:41:05 PM #66:	Malcolm_McGuffi posted... BuzzyTheCat posted... Anarchy_Juiblex posted... Why are you trying to bleed the poor? Buzzy Or do you want this tax increase to pay for relevant services or just cut the billionaires another break? Every man is equal. That should mean every man pays equally. People who let dumb ideology like this cloud their perspective on how much it would fuck over the country really are a huge threat to the world. Do you want ALL the money to pool up at the top, and along with it all the political power? In what way is that good for 95% of people? How about this. For every million dollars you make after your first million, you get to keep 25% of it. You make one million this year, you get taxed at the current rate, you keep 600k. You make two million, you get to keep 850k. You make three million, you get to keep 1.1 million. The other 1.9 million goes to paying off our DEBT and guaranteeing I'll get my fucking Social Security when I'm 65. ROD pls --- N/A <cite>thelovefist posted [p:890322178] in What's a f... [t:75986526]...</cite> <quote><cite>Malcolm_McGuffi posted...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote><cite>Anarchy_Juiblex posted...</cite> <quote>Why are you trying to bleed the poor? Buzzy Or do you want this tax increase to pay for relevant services or just cut the billionaires another break?</quote> Every man is equal. That should mean every man pays equally.</quote> People who let dumb ideology like this cloud their perspective on how much it would fuck over the country really are a huge threat to the world. Do you want ALL the money to pool up at the top, and along with it all the political power? In what way is that good for 95% of people? How about this. For every million dollars you make after your first million, you get to keep 25% of it. You make one million this year, you get taxed at the current rate, you keep 600k. You make two million, you get to keep 850k. You make three million, you get to keep 1.1 million. The other 1.9 million goes to paying off our DEBT and guaranteeing I'll get my fucking Social Security when I'm 65.</quote> ROD pls</quote> ... Copied to Clipboard!
Malcolm_McGuffi 11/13/17 5:21:45 PM #67:	^ This guy has a real boner for me. <cite>Malcolm_McGuffi posted [p:890324976] in What's a f... [t:75986526]...</cite> <quote>^ This guy has a real boner for me.</quote> ... Copied to Clipboard!
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Current Events > What's a fair income tax rate for people making >$300k? (+) Yeah! (+)

Current Events > What's a fair income tax rate for people making >$300k?