PeakOil is You
THE US Tax Thread (merged)
Re: aspects of taxes in the USA make no financial sense
by Kingcoal » Sun 09 Mar 2008, 16:58:09
Countrywide is being investigated by the FBI for fraud. I smell a plan here. Countrywide gets taken over by the government and they renegociate the loans.
"That's the problem with mercy, kid... It just ain't professional" - Fast Eddie, The Color of Money
-
Kingcoal - Expert
- Posts: 2149
- Joined: Wed 29 Sep 2004, 03:00:00
- Location: Pennsylvania, USA
Re: aspects of taxes in the USA make no financial sense
by Tyler_JC » Sun 09 Mar 2008, 17:06:58
Phaster,
I realize that it's Congress who created the tax rebate, not the IRS. But the IRS is a much easier target.
I'm annoyed because I was planning on using the rebate money to pay for a road trip this summer. Now it looks like I'll have to find a plan B to pay for it.
I realize that it's Congress who created the tax rebate, not the IRS. But the IRS is a much easier target.
I'm annoyed because I was planning on using the rebate money to pay for a road trip this summer. Now it looks like I'll have to find a plan B to pay for it.
"www.peakoil.com is the Myspace of the Apocalypse."
- Tyler_JC
- Expert
- Posts: 5438
- Joined: Sat 25 Sep 2004, 03:00:00
- Location: Boston, MA
Re: aspects of taxes in the USA make no financial sense
by Katuhaukka » Sun 09 Mar 2008, 20:11:30
Hey all sorry but who want's to argue about politics with people that don't even care to try to understand what you mean?
sheesh.. i have zero interest.
I don't have enough interest nor time. Just bumped to a random thread on another forum about Obama while searching info about his possible policy on medical marijuana.
sheesh.. i have zero interest.
I don't have enough interest nor time. Just bumped to a random thread on another forum about Obama while searching info about his possible policy on medical marijuana.
Last edited by Katuhaukka on Sun 16 Mar 2008, 17:28:56, edited 2 times in total.
-
Katuhaukka - Wood
- Posts: 41
- Joined: Sun 17 Dec 2006, 04:00:00
- Location: earth?
Re: aspects of taxes in the USA make no financial sense
by vision-master » Sun 09 Mar 2008, 20:30:22
Well, what's his policy on medical weed?
- vision-master
Re: aspects of taxes in the USA make no financial sense
by Katuhaukka » Sun 09 Mar 2008, 21:07:04
-
Katuhaukka - Wood
- Posts: 41
- Joined: Sun 17 Dec 2006, 04:00:00
- Location: earth?
Re: aspects of taxes in the USA make no financial sense
by phaster » Tue 11 Mar 2008, 23:40:49
$this->bbcode_second_pass_quote('MarkJames', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('MarkJames', 'I') won't be getting a rebate, but I benefit from borrow & spend rebates since some of our customers will use them to help with the expenses of service, equipment installations, heating oil, kerosene and propane. Many of my tenants will use the rebates to catch up on utility bills, cable bills, phone bills and to help offset increasing rents and overall real inflation.
Since low income people are generally undisciplined at saving and investing, much of their income eventually ends up in the hands of the wealthy.
Since low income people are generally undisciplined at saving and investing, much of their income eventually ends up in the hands of the wealthy.
low income people have other basic needs to tend to 1st. Like food, shelter and clothing.
Many low income people pay little or no taxes, receive large tax credit refunds, live in subsidized housing and receive food stamps, food pantry donations, WIC, heat/energy/weatherization assistance, subsidized child care, free transportation, the list goes on.
Since most low income people aren't disciplined at saving and investing, they often blow their money on beer, cigarettes, lottery tickets, pizzas, pot, junk food, soda, electronics, digital cable, high speed internet etc. When they get hard up for cash, they'll pawn or sell their stuff for pennies on the dollar.
The sad fact is most people are not "disciplined at saving and investing" (this includes many individuals who are in higher income brackets) and there are some poor people who are vary disciplined and giving.
For example, on night line last week they did a feature on the "Britney Spears economy" basically I didn't know there was such a thing, nor do I care for her trailer trash antics. But the sad fact of the matter is, she is at the center of $120 million dollar economy.
http://www.ibtimes.com/articles/2008012 ... ebrity.htm
I consider my self disciplined at saving and investing, and I'm sure Britney Spears is not very disciplined at saving or investing, but the sad fact of the matter is she earns more in one month, than I make in one year. This reminds me yet again, life isn't fair (never has been, never will be).
Also last week there was a story on 60 minutes, which was about Stan Brock who started "Remote Area Medical Foundation"
http://www.cbsnews.com/sections/i_video ... 3415.shtml
basically this was a guy, who lives in an old school house most likely has a low net worth (when compaired to the USA national average), but I found his story inspirational for several reasons. Basically this is a guy who looks like he chooses to be "financially poor" and live simply, so that he can help out less fortunate individuals. "Saving and investing" is a good skill to have, but IMHO its not a goal one should peruse, just for the sake of making money.
truth is,...
www.ThereIsNoPlanet-B.org
www.ThereIsNoPlanet-B.org
-
phaster - Tar Sands
- Posts: 513
- Joined: Sun 15 Jul 2007, 03:00:00
Re: aspects of taxes in the USA make no financial sense
by phaster » Wed 12 Mar 2008, 00:08:35
$this->bbcode_second_pass_quote('Tyler_JC', 'P')haster,
I realize that it's Congress who created the tax rebate, not the IRS. But the IRS is a much easier target.
I'm annoyed because I was planning on using the rebate money to pay for a road trip this summer. Now it looks like I'll have to find a plan B to pay for it.
I realize that it's Congress who created the tax rebate, not the IRS. But the IRS is a much easier target.
I'm annoyed because I was planning on using the rebate money to pay for a road trip this summer. Now it looks like I'll have to find a plan B to pay for it.
since there are many individuals who frequent this board from other nations, I thought it was important to set the facts straight.
for example the IRS might be a "much easier target" but this would be akin to blaming a local gas station owner for high gas prices.
users of this board, all share the same delusion (my self included) that "peak oil" is a real phenomena. Therefore accurate statements/facts should be presented, lest this digress into an ideological hall of mirrors, with right-wingers reading only about the latest abuses by unions and the ACLU, and left-wingers seeing nothing but stories about corporate greed. IMHO only when people have the honest facts, can a solution to problem be formulated and instituted.
BTW since ya mentioned you were claimed as a dependent and ya were planning a road trip, it sounds like your are college student. Ever consider a "road trip" outside the USA? Travel abroad, on chicken buses in the third world, or a summer with a euro rail pass is an invaluable education unto itself.
truth is,...
www.ThereIsNoPlanet-B.org
www.ThereIsNoPlanet-B.org
-
phaster - Tar Sands
- Posts: 513
- Joined: Sun 15 Jul 2007, 03:00:00
