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State of the Union Address

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.
 
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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
 
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.
 
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
 
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.
 
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

Ain't you a Yale educated attorney who not only climb Mt Everest but also taught Pele futboll?

Capital gains are a whole different monster. They are even taxed at a different rate.
 
Oh, yeah, that's complete and utter Conservative bullsht as you only pay capital gains tax on profit, not the money invested. Seems our Converative friends are unclear of the meaning of the word, "gains ".


First off, the money invested, if was derived from a wage of some kind it was absolutely taxed...Second, taxes here, taxes there, tax on everything you do, including in the case of carbon taxation, including breathing, that investment that you libs seem to turn your nose up at, which funds investment in innovation, in start ups, in jobs....well, bye bye to that eh....But that's ok, cuz the gubment will be there to give us all welfare right?

I wonder what the vig on that will be? Other than our soul.

j-mac
 
First off, the money invested, if was derived from a wage of some kind it was absolutely taxed...Second, taxes here, taxes there, tax on everything you do, including in the case of carbon taxation, including breathing, that investment that you libs seem to turn your nose up at, which funds investment in innovation, in start ups, in jobs....well, bye bye to that eh....But that's ok, cuz the gubment will be there to give us all welfare right?

I wonder what the vig on that will be? Other than our soul.

j-mac

It is amazing how some folks have trouble following a chain of ownership and the profit made along the way.
 
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

Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.
 
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.

If they take out the only bullet in their gun, they have nothing left. Even if that cartridge is a blank.
 
First off, the money invested, if was derived from a wage of some kind it was absolutely taxed...Second, taxes here, taxes there, tax on everything you do, including in the case of carbon taxation, including breathing, that investment that you libs seem to turn your nose up at, which funds investment in innovation, in start ups, in jobs....well, bye bye to that eh....But that's ok, cuz the gubment will be there to give us all welfare right?

I wonder what the vig on that will be? Other than our soul.

j-mac

How exceptionally dishonest this post is. Either you are incredibly stupid, or you are a liar. GAINS have never been taxed. EVER! Who gives a flying **** if the initial investment was taxed, it was SUPPOSED to be. Just stop already.
 
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.

what you dishonestly ignore is that if I am paid X amount of money and pay tax on it and I pay you to cut my grass you pay tax on it but there has been an exchange of value and you have derived income from your actions which I pay you for

BIg difference
 
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 each time it changes owners.

Just so I understand, a company generates revenue from a change in ‘owners’ of money. If I own stock in a company and they make a profit isn’t some miniscule portion of that profit mine? The company pays tax on that profit (including my miniscule part). They then MAY distribute any remaining in dividend (which represents my miniscule part of the original PRETAX profit) to me which I pay tax on. How is the ORIGINAL transfer of money not taxed twice?
 
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.

Corporate profits are distributed as dividends not capital gains. So you are claiming I said something I did not
 
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.


You ole silly...gramps payed taxes on the dough before he sit up TD,s trust fund.:mrgreen:
 
Ain't you a Yale educated attorney who not only climb Mt Everest but also taught Pele futboll?

Capital gains are a whole different monster. They are even taxed at a different rate.

what is the purpose of such a silly post?
 
You ole silly...gramps payed taxes on the dough before he sit up TD,s trust fund.:mrgreen:

another stupid post which seems to ooze envy. I have never said capital gains are taxed twice

Dividends are
 
another stupid post which seems to ooze envy. I have never said capital gains are taxed twice

Dividends are

ooz envy? with something you posted?Surely you jest.:roll:
 
No,no envy. I am just sick of people throwing out that taxed twice bull**** as a blanket statement. I know how dividends are taxed, I am not stupid, td.
 
No,no envy. I am just sick of people throwing out that taxed twice bull**** as a blanket statement. I know how dividends are taxed, I am not stupid, td.

Then maybe YOU can help me. Just so I understand, a company generates revenue from a change in ‘owners’ of money. If I own stock in a company and they make a profit isn’t some miniscule portion of that profit mine? The company pays tax on that profit (including my miniscule part). They then MAY distribute any remaining in dividend (which represents my miniscule part of the original PRETAX profit) to me which I pay tax on. How is the ORIGINAL transfer of money not taxed twice?
 
No,no envy. I am just sick of people throwing out that taxed twice bull**** as a blanket statement. I know how dividends are taxed, I am not stupid, td.

so why did you think I was talking about capital gains. the 35% taxation obviously meant corporate profits=dividends
 
People who have large amounts of investment income write quarterly checks based on a predicted income for that year

and what irs form accompanies that quarterly tax payment
 
If you take a risk and invest your money into stocks and make money I don't expect to get some of it, but that is apparentlyt he difference between me and you. Further stock losses are limited and by increasing taxes on risk taking you are going to discourage investment but I am sure someone like you doesn't understand that

Sorry but I don't buy that line about higher taxes reducing investment either. People play the stock market to make money and that won't change with higher taxes. Bsdes the taxes are not on "risk" they are only paid on PROFITS.
 
Sorry but I don't buy that line about higher taxes reducing investment either. People play the stock market to make money and that won't change with higher taxes. Bsdes the taxes are not on "risk" they are only paid on PROFITS.

so that is how you justify the government taking more from those who have paid far more than their share?
 
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