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Thread: Lloyds Bank hit by Obama tax purge

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by phattonez View Post
    When you tax the income of a man who makes money and lives in this country and most likely spends it or saves it here then you are scaring off the goose that laid the golden egg.
    So wealthy people should not pay income tax, or should be allowed to avoid it by placing their money in off-shore banks, but the Middle Class should pay their taxes with no complaint?

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by tlmorg02 View Post
    So wealthy people should not pay income tax, or should be allowed to avoid it by placing their money in off-shore banks, but the Middle Class should pay their taxes with no complaint?
    "Wealthy people don't pay income tax..."

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by talloulou View Post
    "Wealthy people don't pay income tax..."
    Please do not construe my words to take alternate meanings. I was asking a question, not making a statement.

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by tlmorg02 View Post
    Please do not construe my words to take alternate meanings. I was asking a question, not making a statement.
    Your question insinuates there is this huge issue where the wealthy pay little to no income tax which flies in the face of reality. Just saying.

    Class warfare is so cheesy. I aim to be rich rich rich one day and don't give a hoot who gets their panties in a bunch or hates me for it.
    Last edited by talloulou; 06-16-09 at 02:45 PM.

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by talloulou View Post
    Your question insinuates there is this huge issue where the wealthy pay little to no income tax which flies in the face of reality. Just saying.

    Class warfare is so cheesy. I aim to be rich rich rich one day and don't give a hoot who gets their panties in a bunch or hates me for it.
    You are misunderstanding me. I am not against people being rich, I also hope to be so. The thread is about going after people who are attempting to shelter their income by going off-shore, to nations such as Britain. I was arguing that these people need to adhere to the law and pay their income tax, just as those who cannot afford to whisk their money off to another country in attempts to dodge taxes. It appeared to me that others are arguing that the wealthy should be able to engage in these practices, I feel that they should be held to the same standards as everyone else and use the tax breaks their wealth affords and pay on the rest.

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by tlmorg02 View Post
    You are misunderstanding me. I am not against people being rich, I also hope to be so. The thread is about going after people who are attempting to shelter their income by going off-shore, to nations such as Britain. I was arguing that these people need to adhere to the law and pay their income tax, just as those who cannot afford to whisk their money off to another country in attempts to dodge taxes. It appeared to me that others are arguing that the wealthy should be able to engage in these practices, I feel that they should be held to the same standards as everyone else and use the tax breaks their wealth affords and pay on the rest.
    The reason people do that is because of oppressive tax policies in the home nation. In fact, these places are a boon for the home country since they help bring about a more rational tax policty.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by phattonez View Post
    The reason people do that is because of oppressive tax policies in the home nation. In fact, these places are a boon for the home country since they help bring about a more rational tax policty.
    Understood, however this does not excuse breaking the law. If a "more rational," tax policy is wanted or required, the proper leaders need to be elected and the policies changed. Or a coalition should be begun in order to lobby the current representatives to change the policy. Regardless, the law stands and to avoid it through moving money to foreign countries is illegal and wrong. It has been ignored until now, and people want to act as if it is a right, rather than a crime.

    I think a flat tax system is the most fair course to take, yet many argue that too many programs will be lost if such a policy is taken. My answer is that if enough people are like-minded with me over time, then the programs will be dumped in order to accomodate a fairer system. So far there are not enough, so I follow the law and pay my share, 25% of my gross total, in federal and state taxes. I do not like it, but that is the law, though I hope it soon changes.

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by tlmorg02 View Post
    Understood, however this does not excuse breaking the law. If a "more rational," tax policy is wanted or required, the proper leaders need to be elected and the policies changed. Or a coalition should be begun in order to lobby the current representatives to change the policy. Regardless, the law stands and to avoid it through moving money to foreign countries is illegal and wrong. It has been ignored until now, and people want to act as if it is a right, rather than a crime.

    I think a flat tax system is the most fair course to take, yet many argue that too many programs will be lost if such a policy is taken. My answer is that if enough people are like-minded with me over time, then the programs will be dumped in order to accomodate a fairer system. So far there are not enough, so I follow the law and pay my share, 25% of my gross total, in federal and state taxes. I do not like it, but that is the law, though I hope it soon changes.
    I have to disagree.

    There are many reasons to break the law, if it is created irrationally and without justice in mind, I fully support people breaking the law.

    Taxing one group of people more for no just reason is not right or fair.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by Harry Guerrilla View Post
    I have to disagree.

    There are many reasons to break the law, if it is created irrationally and without justice in mind, I fully support people breaking the law.

    Taxing one group of people more for no just reason is not right or fair.
    How is there no just reason? They control a majority of the capital, yet they are a minority of the people. Therefore, they have more to lose if the government should fall, as they also have more of a say in government, believe it or not. Is every aspect of the tax code fair? No, but for the time it is what we have.

    And if only it could be such a world where we all got to decide what laws we felt were ridiculous and should not apply to us. That is unreasonable to say the least. Again, if people are unhappy with the system, change it.

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    Re: Lloyds Bank hit by Obama tax purge

    Quote Originally Posted by tlmorg02 View Post
    How is there no just reason? They control a majority of the capital, yet they are a minority of the people. Therefore, they have more to lose if the government should fall, as they also have more of a say in government, believe it or not. Is every aspect of the tax code fair? No, but for the time it is what we have.
    That's why we tax proportions. We don't tax to make everyone equal, although progressive taxation aims at it.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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