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Thread: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by j-mac View Post
    Oh, I see, so you are supposed to post something and not have to bother with input when snarky, childish crap is easier....Why'd you post it then if you didn't want to talk about it?
    Good grief.
    I don't mind talking about it.
    I was just pointing out that the words you quoted don't seem to mean what you think they mean. Imho, the meanings of words is an important element of a conversation.
    I may be wrong.

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Have we ever in American history had a government that became the enemy of the American people? If you have a decent job, if you have a family to support, if you have worked hard all of your life, you are looking over your shoulder full time because you know that Obama is after you and everything that you have.

    Obama has favorites that he wants to reward by destroying you and your family.

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Fisher View Post
    Sounds like "We are going to force every retirement plan to buy huge chunks of US bonds because China ain't going to do it forever."
    And it will be hailed as one of the greatest "protections" since SS itself was instituted. With one more crash people will be standing in line to get this done.

  4. #34
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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Simon W. Moon View Post
    I don't mind talking about it.
    I was just pointing out that the words you quoted don't seem to mean what you think they mean. Imho, the meanings of words is an important element of a conversation.
    Yep, and now your just not being honest, because I started my quotes with

    Quote Originally Posted by j-mac
    Could you explain the following parts for me?
    To which you childishly replied

    Quote Originally Posted by Simon W. Moon
    Would it help?
    So save it brother, you don't want to discuss anything.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by j-mac View Post
    That's what I read as well. But according to Simon we have a problem sentence diagraming.....So....
    Well perhaps he is correct but there are only two real vehicles that meet this: "Promoting the availability of guaranteed lifetime income products, which transform at least a
    portion of retirees’ savings into guaranteed future income" which are either bonds or annuities and when you add in "Transparency and Reliability" then it sounds like public bonds to me.

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Lutherf View Post
    And it will be hailed as one of the greatest "protections" since SS itself was instituted. With one more crash people will be standing in line to get this done.
    Well given the economic discussions by the leftists here, I am inclined to believe the rational will be "Well we really don't have to pay the bonds because we pay them social security so it is just a matter of how we account for it."

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Lutherf View Post
    And it will be hailed as one of the greatest "protections" since SS itself was instituted. With one more crash people will be standing in line to get this done.
    It was a sunny day in Philadelphia in 1787, and the Constitutional convention had just finished its work. A woman, watching the esteemed gentlemen congratulate themselves, approached one of the young nation's leading statesmen, Ben Franklin. "Mr. Franklin, what kind of government have you given us?" she asked. "A Republic, madam..." Franklin quickly answered, "if you can keep it."

    Amerikan Expose - Articles - A Republic If We Can Keep It
    True today, as it was then.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Fisher View Post
    Well given the economic discussions by the leftists here, I am inclined to believe the rational will be "Well we really don't have to pay the bonds because we pay them social security so it is just a matter of how we account for it."
    I never even though of that. I wouldn't be surprised if after this stupid idea would be implemented into failure that some idiot would suggest means testing next. "Well, you were FORCED to divest your retirement plans into our bonds, but you have plenty of money in your bank account so we'll "withold" a portion of your portfolio because you don't need it".
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Well, a recommendation is only that. None of the rulers want to simplify tax codes because they have too many friends that benefit from the special exceptions buried in other legislation. Even the IRS does not know the tax codes. Those who benefit pay big bucks to attorney/CPA specialists to discover these.

    Since there doesn't seem to be any chance of any agreement on taxes coming up, I doubt any new exotic crap like this will become reality. Not that it isn't a govmint mans dream but not very plausible. I hope.


    Quote Originally Posted by j-mac View Post
    I agree, but this is a recommendation to the President from Biden none the less.

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    re: ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [W:66]

    Quote Originally Posted by Fisher View Post
    Well given the economic discussions by the leftists here, I am inclined to believe the rational will be "Well we really don't have to pay the bonds because we pay them social security so it is just a matter of how we account for it."
    The leftists around here seem to be convinced that as long as we have checks left in the checkbook we can never be broke. It's truly stunning.

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