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Thread: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

  1. #121
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Unrepresented View Post
    I've been reading it. I see no flaw in his argument.

    Then you have no problem or understanding of the gift tax, the power of the government to target individuals for rates that some see as unreasonable, no understanding of who actually pays taxes and who doesn't, and the amount that HINI already pay the government based on class envy. Please leave me alone.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by sawdust View Post
    Apparently you aren't a math major. The truck is probably a fifty thousand dollar truck. I don't have an issue with the truck being taxed as a capital gain. I do have a problem with the tax which exceeds the gift tax limit, which last time I checked was eight grand. If the final recipient of the truck paid thirteen grand in tax and got a fifty thousand dollar truck in return, we wouldn't be talking about this. The tax code is phuqued.
    ...just a point of correction, capital gains are gains on investments made in capital assets, with a holding period of over one year. The truck is personal property (in this case) not a capital asset; Brady had NO investment in the truck; and, he couldn't dump the thing fast enough.

    Getting a truck as a bonus is earned income, taxed just like all earned income.

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by sawdust View Post
    Then you have no problem or understanding of the gift tax, the power of the government to target individuals for rates that some see as unreasonable, no understanding of who actually pays taxes and who doesn't, and the amount that HINI already pay the government based on class envy. Please leave me alone.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Unrepresented View Post
    You agree that government spending and their related debt levels are subjective, then start again approaching the argument as if they weren't.
    I agree that government needs money to run, and that people have different perceptions of that. Doesn't mean that if someone perceives that our government isn't spending enough or hasn't put us in enough debt they are correct. They can think what they want, and be very wrong.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by sawdust View Post
    Read the thread.
    Why, it is still not going to cause me to disagree with taxation on those kinds of things. In fact I also support taxation on lottery and casino winnings.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Anthony60 View Post
    I agree that government needs money to run, and that people have different perceptions of that. Doesn't mean that if someone perceives that our government isn't spending enough or hasn't put us in enough debt they are correct. They can think what they want, and be very wrong.
    "Right or wrong" only exists if there's an objective standard we can hold these things to. Without that we can only state our preferences.
    "The side that stays within its fortifications is beaten." ~Napoleon

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by JANFU View Post
    The taxes paid are unfair. Why?
    Because he's rich. It's not fair to make rich people pay taxes.

    Poor people, though? They definitely should pay more taxes.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Unrepresented View Post
    "Right or wrong" only exists if there's an objective standard we can hold these things to. Without that we can only state our preferences.
    That's really convenient if you have a government that is spending like ours and racking up Trillions. It just can't be wrong then.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Anthony60 View Post
    That's really convenient if you have a government that is spending like ours and racking up Trillions. It just can't be wrong then.
    For it to be right or wrong there'd have to be a consistent, objective consensus as to what obligations the government has and means to achieve them.

    We don't have that.
    "The side that stays within its fortifications is beaten." ~Napoleon

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    yeah, it's just wrong. He should have to pay more. Back in the old days before ****-heads like Grover Norquist, the rich paid over 50% of their income in income taxes. But thanks to bastards like him and those who follow his lick-spittle groveling before the rich and powerful, the rich pay far less, and we have the debt to show for it.

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