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Thread: State of the Union Address

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    Re: State of the Union Address

    Quote Originally Posted by winston53660 View Post
    Uhmm you don't pay capital gains quarterly. And if one has a loss in one year that can carry over to the next year as a write off.
    LOL you really are unlearned when it comes to taxation.

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    LOL you really are unlearned when it comes to taxation.
    how so????????
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: State of the Union Address

    Quote Originally Posted by justabubba View Post
    how so????????
    People who have large amounts of investment income write quarterly checks based on a predicted income for that year

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    Re: State of the Union Address

    Quote Originally Posted by winston53660 View Post
    Uhmm you don't pay capital gains quarterly. And if one has a loss in one year that can carry over to the next year as a write off.
    Actually, if you don't think your withholding will cover your tax bill, you should pay quarterly if you are self employed, you would pay quarterly taxes. You would also try to cover your anticipated capital gains tax.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    LOL you really are unlearned when it comes to taxation.
    And the last time you filled out a schedule d is?

    Quarterly is not the way to go on capital gains. It is the way of self employed white collar.

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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    Actually, if you don't think your withholding will cover your tax bill, you should pay quarterly if you are self employed, you would pay quarterly taxes. You would also try to cover your anticipated capital gains tax.
    I know and I never paid capital gains that way nor is it an option. Due to the nature of investments. One it can be up one it can be down and dividends are never known. It is a wholly and seperate thing.
    Last edited by winston53660; 01-26-12 at 10:47 PM.

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    Re: State of the Union Address

    Quote Originally Posted by winston53660 View Post
    And the last time you filled out a schedule d is?

    Quarterly is not the way to go on capital gains. It is the way of self employed white collar.
    I will tell the tax attorney and CPA that handle that stuff for me and my wife that some guy on a message board who most likely is not anywhere near the top 1 percent has a better suggestion on what we ought to do

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    Yeah you continually claim that BS over and over but the fact remains most sane people consider it double taxation when the government

    1) takes two cuts of the same pool of money

    2) and there is only one exchange of value

    Look, I realize you want the government to get as much money from people as possible

    I realize you think its fine for one million dollars of profit to be taxed at 350,000 dollars at the corporate level and then taxed another 40% at the dividend level meaning that the government takes 600,000 or more from that One million

    I also realize you think its wonderful that someone who has saved all their lives with investments in the stock market who retire with a dividend income of one million a year will have their taxes go from 150K at the federal level to 300K

    but claiming you have educated me on this is idiotic. when you start paying the amount of taxes I do then you might have somewhat near the same education I do on this subject
    A self proclaimed "attorney" should know the difference between a corporation and a human person - each a different person with different and separate legal obligations including taxation. Lord knows I have given you that law on it enough times.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    A self proclaimed "attorney" should know the difference between a corporation and a human person - each a different person with different and separate legal obligations including taxation.
    translation-the government deserves more than 60% of a corporation's profit-its owners only deserve 40%

    and you continually fail to understand that there is no proper taxable exchange yet the government taxes the money twice

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    translation-the government deserves more than 60% of a corporation's profit-its owners only deserve 40%

    and you continually fail to understand that there is no proper taxable exchange yet the government taxes the money twice
    Translation - your claim of double taxation is based on your own self imposed belief system as a warrior of the far right and has no legal basis in reality.

    But then you knew that.

    Clue for you Turtle - the same money is taxed over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over.

    But each time it changes owners. So it does not make it 29 times taxation or 276 times taxation or 673 times taxation. Just once. You see, each time it changes owners, it becomes the responsibility of that new owner to pay tax upon it. We call that reality.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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