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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Let's talk taxes

2001400ex2001400ex Member Posts: 29,457
in Tug Tavern
I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

Adjusted gross income - $436,063
Taxable income - $290,640
Total tax paid - $81,472

Income tax rate - 18.7%

Charitable contributions - $64,066

Donations rate - 14.7%
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Comments

  • Pitchfork51Pitchfork51 Member Posts: 26,950
    Just burn.
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  • greenbloodgreenblood Member Posts: 14,419
    2001400ex said:

    I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

    Adjusted gross income - $436,063
    Taxable income - $290,640
    Total tax paid - $81,472

    Income tax rate - 18.7%

    Charitable contributions - $64,066

    Donations rate - 14.7%

    Your point?

    I thought you'd be down with this. If a passivist like yourself doesn't want your money to go to the military, it doesn't have to. You can choose where it goes.
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  • GrundleStiltzkinGrundleStiltzkin Member Posts: 61,499 Standard Supporter
    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.
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  • SoutherndawgSoutherndawg Member, Swaye's Wigwam Posts: 8,297 Founders Club
    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed burger flipping CPAs such as yourself.

    FTFY
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  • 2001400ex2001400ex Member Posts: 29,457
    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
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  • 2001400ex2001400ex Member Posts: 29,457
    greenblood said:

    2001400ex said:

    I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

    Adjusted gross income - $436,063
    Taxable income - $290,640
    Total tax paid - $81,472

    Income tax rate - 18.7%

    Charitable contributions - $64,066

    Donations rate - 14.7%

    Your point?

    I thought you'd be down with this. If a passivist like yourself doesn't want your money to go to the military, it doesn't have to. You can choose where it goes.
    I don't have a point, I was making an observation.
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  • doogiedoogie Member Posts: 15,072
    Losses on hamburger stands in Eastern Montana generate a lot of deductions
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  • 2001400ex2001400ex Member Posts: 29,457
    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Correct. But I've never seen one politician ever actually push for true simplification. They say "we are going from 7 brackets to 3, look how simple that is". Great, you just changed a calculation in a computer. Reality is, the determination of what constitutes income will always be complex and that's what CPAs and attorneys work on.
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  • HoustonHuskyHoustonHusky Member Posts: 5,978
    2001400ex said:

    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Correct. But I've never seen one politician ever actually push for true simplification. They say "we are going from 7 brackets to 3, look how simple that is". Great, you just changed a calculation in a computer. Reality is, the determination of what constitutes income will always be complex and that's what CPAs and attorneys work on.
    The entire point of the low-tax rate/elimination of deductions advocated numerous times throughout the years by many politicians is apparently not "simplification" in the world of HondoFS...

    Speed limit IQ...
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  • 2001400ex2001400ex Member Posts: 29,457
    HoustonHusky said:

    2001400ex said:

    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Correct. But I've never seen one politician ever actually push for true simplification. They say "we are going from 7 brackets to 3, look how simple that is". Great, you just changed a calculation in a computer. Reality is, the determination of what constitutes income will always be complex and that's what CPAs and attorneys work on.
    The entire point of the low-tax rate/elimination of deductions advocated numerous times throughout the years by many politicians is apparently not "simplification" in the world of HondoFS...

    Speed limit IQ...
    None of the points you make even touch determination of income. Deductions are easy to calculate too.

    Your simple mind continues to amaze me.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,187 Standard Supporter
    edited March 2017
    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Fuck CPAs. They should DIAFF along with attorneys. The world would be a better place.

    Call for genocide? Don't twist.
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  • SoutherndawgSoutherndawg Member, Swaye's Wigwam Posts: 8,297 Founders Club
    PurpleThrobber said:

    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Fuck CPAs. They should DIAFF along with attorneys. The world would be a better place.

    Call for genocide? Don't twist.
    https://www.youtube.com/watch?v=GW72Gmqjse4
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  • GrundleStiltzkinGrundleStiltzkin Member Posts: 61,499 Standard Supporter
    The core issue is that the tax code is so outrageously complex that it is faceless tyrant.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,187 Standard Supporter
    edited March 2017
    Southerndawg said:

    PurpleThrobber said:

    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Fuck CPAs. They should DIAFF along with attorneys. The world would be a better place.

    Call for genocide? Don't twist.
    https://www.youtube.com/watch?v=GW72Gmqjse4
    I'm more of a Broadway guy. Not gay, don't twist. Everybody...sing along!

    Will you join in our crusade?
    Who will be strong and stand with me?
    Beyond the barricade
    Is there a world you long to see?

    https://www.youtube.com/watch?v=gMYNfQlf1H8
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  • HoustonHuskyHoustonHusky Member Posts: 5,978
    2001400ex said:

    HoustonHusky said:

    2001400ex said:

    Southerndawg said:

    2001400ex said:

    GrundleStiltzkin said:

    Taxation is theft




    And a subsidy to supposed CPAs such as yourself.

    I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.
    True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.
    Correct. But I've never seen one politician ever actually push for true simplification. They say "we are going from 7 brackets to 3, look how simple that is". Great, you just changed a calculation in a computer. Reality is, the determination of what constitutes income will always be complex and that's what CPAs and attorneys work on.
    The entire point of the low-tax rate/elimination of deductions advocated numerous times throughout the years by many politicians is apparently not "simplification" in the world of HondoFS...

    Speed limit IQ...
    None of the points you make even touch determination of income. Deductions are easy to calculate too.

    Your simple mind continues to amaze me.
    No, most of the flat tax proposals also simplifies income such as dividends, capital gains, house sales, etc etc...amazing how that works.

    And I like how you are now lecturing the details on something that you said didn't even exist in your previous post...your "intelligence" and grasp of the issues is truly amazing.
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  • SledogSledog Member Posts: 33,862 Standard Supporter
    2001400ex said:

    I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

    Adjusted gross income - $436,063
    Taxable income - $290,640
    Total tax paid - $81,472

    Income tax rate - 18.7%

    Charitable contributions - $64,066

    Donations rate - 14.7%

    https://www.washingtonpost.com/blogs/fact-checker/post/obamas-gifts-to-charity-just-1-percent/2012/02/14/gIQAXuMDER_blog.html?utm_term=.96559e53911b
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  • 2001400ex2001400ex Member Posts: 29,457
    Sledog said:

    2001400ex said:

    I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

    Adjusted gross income - $436,063
    Taxable income - $290,640
    Total tax paid - $81,472

    Income tax rate - 18.7%

    Charitable contributions - $64,066

    Donations rate - 14.7%

    https://www.washingtonpost.com/blogs/fact-checker/post/obamas-gifts-to-charity-just-1-percent/2012/02/14/gIQAXuMDER_blog.html?utm_term=.96559e53911b
    Are you calling Huckabee a liar?
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