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Elizabeth Warren proposes 'wealth tax' on Americans with more than $50 million in assets

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    Pitchfork51Pitchfork51 Member Posts: 26,601
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    My dad used to have the RV, boat, jetskis, and 3 cars registered in Montana.

    Then his ex girlfriend went to jail for tax fraud.
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    2001400ex2001400ex Member Posts: 29,457
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    So he moved to Florida and is working from Florida. How is that a tax Dodge? Why would his income be taxed in Connecticut if he's living and working in Florida?

    As a side note, the tax cuts encourages people to do this. The state and local tax deduction is now limited to $10k.
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,409
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    2001400ex said:

    So he moved to Florida and is working from Florida. How is that a tax Dodge? Why would his income be taxed in Connecticut if he's living and working in Florida?

    As a side note, the tax cuts encourages people to do this. The state and local tax deduction is now limited to $10k.
    You need to learn to read for comprehension

    Its a legal dodge by another hypocrite like yourself who thinks others need to pay more taxes while you dodge yours
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    2001400ex2001400ex Member Posts: 29,457
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    2001400ex said:

    So he moved to Florida and is working from Florida. How is that a tax Dodge? Why would his income be taxed in Connecticut if he's living and working in Florida?

    As a side note, the tax cuts encourages people to do this. The state and local tax deduction is now limited to $10k.
    You need to learn to read for comprehension

    Its a legal dodge by another hypocrite like yourself who thinks others need to pay more taxes while you dodge yours
    You do realize we are discussing whether wealthy need to pay more federal income tax, right? And your link is him saving State taxes. Right? Which does what? It actually increases his federal tax liability. He is paying his fair share Race.

    HTH
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,409
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    Bullshit

    Hypocrite

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    HHuskyHHusky Member Posts: 19,182
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    edited January 2019


    MIKEY D:“Wrong. It’s against the law to buy anything in Oregon tax free and bring it into the state of Washington for your use and not remit the use tax to Washington. You can pay it quarterly. Again, I’m not surprised you are a tax cheat. Typical of people like you.

    You’re right. The sales tax is not insignificant. That’s why the stare requires you to pay it.”



    You’re assuming facts not in evidence. Who says I brought any of it into Washington and/or that it was for my use in Washington?My point is that I’ve made numerous purchases in Oregon simply because making those purchases in Washington would have involved hundreds in sales tax.

    When my middle child went to school in California it was a non issue and we mostly made our purchases in Seattle. But when my oldest was headed to college in Montreal, we made a point of buying in New Hampshire. And with my youngest going to school in Oregon, well, I think you can figure out where we shopped.
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    Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 22,860
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    Founders Club

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    The idle rich didn't work hard for it.
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    HHuskyHHusky Member Posts: 19,182
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    HHusky said:

    MIKEY D:“Wrong. It’s against the law to buy anything in Oregon tax free and bring it into the state of Washington for your use and not remit the use tax to Washington. You can pay it quarterly. Again, I’m not surprised you are a tax cheat. Typical of people like you.

    You’re right. The sales tax is not insignificant. That’s why the stare requires you to pay it.”



    You’re assuming facts not in evidence. Who says I brought any of it into Washington and/or that it was for my use in Washington?My point is that I’ve made numerous purchases in Oregon simply because making those purchases in Washington would have involved hundreds in sales tax.

    When my middle child went to school in California it was a non issue and we mostly made our purchases in Seattle. But when my oldest was headed to college in Montreal, we made a point of buying in New Hampshire. And with my youngest going to school in Oregon, well, I think you can figure out where we shopped.

    HHusky said:

    SFGbob said:

    HHusky said:

    HHusky said:

    Ike sold the interstate freeway system as national defense

    Like a wall

    Shit the government is supposed to do

    You driving a tank these days, Race?


    Do we need a 70% tax rate to run interstate roads

    I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.
    You’re the honest thief
    Kind of ironic isn’t it that during the era that MAGA guys have the most nostalgia for - i.e., 1950s to 60s - the top rate never dropped below 70
    SFGbob said:

    SFGbob said:

    HHusky said:

    SFGbob said:

    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"

    Start voting for people that will make people’s lives better. I always see this shit about “the government”. The government is made up of people. Elect better people and you’ll get better results.

    The republicans deserve a lot of credit for electing Trump. He’s not the guy but they took their shot to get away from scumbag politicians. More than I can say for a shit load of democrats that won’t even take a shot.
    Why would anyone look to the government to make their life better?
    You missed the liberation of the concentration camps? Ever driven an interstate highway? Do you own any shares of public companies? Will you lose your savings if your bank goes tits up?

    Asking for a friend.
    You guys are like the Kunt who immediately start talking about Firemen and the Police the moment anyone starts talking about cutting state spending.

    Providing for a national defense is right there in the Constitution. Paying for grandma's hip replacement, I can't find that shit in the Constitution.
    I love the self-styled constitutional scholars on this board :D
    I'm not a Con-law scholar but I've read the damn thing.


    Feel free to quote from the grandam's hip replacement clause.
    Damn right, Bob. I’m for a constutional amendment to ban Medicare paying for hip replacements, scooters, prescription meds, etc.
    And yet even with that top rate of 70% the evil rich paid a smaller percentage of the income tax than they do today. As has been discussed ad nauseam, while the top rate may have been 70% few if any actually paid that rate.

    How could it be that the tax code of the 1950s had a top marginal tax rate of 91 percent, but resulted in an effective tax rate of only 42 percent on the wealthiest taxpayers? In fact, the situation is even stranger. The 42.0 percent tax rate on the top 1 percent takes into account all taxes levied by federal, state, and local governments, including: income, payroll, corporate, excise, property, and estate taxes. When we look at income taxes specifically, the top 1 percent of taxpayers paid an average effective rate of only 16.9 percent in income taxes during the 1950s.[4]

    https://taxfoundation.org/taxes-rich-1950-not-high/

    Yep. The income tax has been such a needlessly complex mess full of all manner of distortions to the maket. We’d be better off reducing them dramatically and going mostly VAT.
    There’s a reason my wife and I deliberately make some purchases in Oregon. Why wouldn’t people making large purchases choose to make them outside of the US?
    You do realize that is illegal and is considered tax evasion by the state of Washington, right?
    @HHusky in sum: Tax for thee but not for me.
    You hens feel better, I hope.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    HHusky said:

    MIKEY D:“Wrong. It’s against the law to buy anything in Oregon tax free and bring it into the state of Washington for your use and not remit the use tax to Washington. You can pay it quarterly. Again, I’m not surprised you are a tax cheat. Typical of people like you.

    You’re right. The sales tax is not insignificant. That’s why the stare requires you to pay it.”



    You’re assuming facts not in evidence. Who says I brought any of it into Washington and/or that it was for my use in Washington?My point is that I’ve made numerous purchases in Oregon simply because making those purchases in Washington would have involved hundreds in sales tax.

    When my middle child went to school in California it was a non issue and we mostly made our purchases in Seattle. But when my oldest was headed to college in Montreal, we made a point of buying in New Hampshire. And with my youngest going to school in Oregon, well, I think you can figure out where we shopped.

    Liar. And tax evader. You bought in Oregon and didn’t pay the tax you are required to pay by law to in Washington. You admitted it and are now backtracking like a bitch. You didn’t even know the the law before today. Hypocrite.
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    HHuskyHHusky Member Posts: 19,182
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    edited January 2019


    MIKEY: “Liar. And tax evader. You bought in Oregon and didn’t pay the tax you are required to pay by law to in Washington. You admitted it and are now backtracking like a bitch. You didn’t even know the the law before today. Hypocrite.”

    I’m sorry your gotcha blew up. I said I bought in Oregon when I could have bought in Washington. You got out over your skis.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    Bullshit

    Hypocrite

    Of course Hondo justifies his and HHusky’s tax dodge. They pay their “fair share”. It’s others who don’t.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    A
    HHusky said:

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    The idle rich didn't work hard for it.

    HHusky said:

    MIKEY D:“Wrong. It’s against the law to buy anything in Oregon tax free and bring it into the state of Washington for your use and not remit the use tax to Washington. You can pay it quarterly. Again, I’m not surprised you are a tax cheat. Typical of people like you.

    You’re right. The sales tax is not insignificant. That’s why the stare requires you to pay it.”


    You’re assuming facts not in evidence. Who says I brought any of it into Washington and/or that it was for my use in Washington?My point is that I’ve made numerous purchases in Oregon simply because making those purchases in Washington would have involved hundreds in sales tax.

    When my middle child went to school in California it was a non issue and we mostly made our purchases in Seattle. But when my oldest was headed to college in Montreal, we made a point of buying in New Hampshire. And with my youngest going to school in Oregon, well, I think you can figure out where we shopped.
    Liar. And tax evader. You bought in Oregon and didn’t pay the tax you are required to pay by law to in Washington. You admitted it and are now backtracking like a bitch. You didn’t even know the the law before today. Hypocrite.

    I’m sorry your gotcha blew up. I said I bought in Oregon when I could have bought in Washington. You got out over your skis.

    You bought in Oregon and didn’t remit the tax that you were legally required to remit to Washington. You didn’t it as willful ecavsion of Washington state taxes. You’re a hypocrite and a liar. Sorry if that makes you mad. Butt hurt bitch. Just admit your a tax cheat and move on.
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    SledogSledog Member Posts: 30,814
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    edited January 2019
    Funny the socialists don't want to pay their fair share.

    They think they don't have to there are rich people and they can get their money.
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    2001400ex2001400ex Member Posts: 29,457
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    The really cool part of it. Many retailers in Washington don't charge sales tax with a Montana license.
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    HHuskyHHusky Member Posts: 19,182
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    edited January 2019

    A

    HHusky said:

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    The idle rich didn't work hard for it.

    HHusky said:

    MIKEY D:“Wrong. It’s against the law to buy anything in Oregon tax free and bring it into the state of Washington for your use and not remit the use tax to Washington. You can pay it quarterly. Again, I’m not surprised you are a tax cheat. Typical of people like you.

    You’re right. The sales tax is not insignificant. That’s why the stare requires you to pay it.”


    You’re assuming facts not in evidence. Who says I brought any of it into Washington and/or that it was for my use in Washington?My point is that I’ve made numerous purchases in Oregon simply because making those purchases in Washington would have involved hundreds in sales tax.

    When my middle child went to school in California it was a non issue and we mostly made our purchases in Seattle. But when my oldest was headed to college in Montreal, we made a point of buying in New Hampshire. And with my youngest going to school in Oregon, well, I think you can figure out where we shopped.
    Liar. And tax evader. You bought in Oregon and didn’t pay the tax you are required to pay by law to in Washington. You admitted it and are now backtracking like a bitch. You didn’t even know the the law before today. Hypocrite.
    I’m sorry your gotcha blew up. I said I bought in Oregon when I could have bought in Washington. You got out over your skis.

    MIKEY: “You bought in Oregon and didn’t remit the tax that you were legally required to remit to Washington. You didn’t it as willful ecavsion of Washington state taxes. You’re a hypocrite and a liar. Sorry if that makes you mad. Butt hurt bitch. Just admit your a tax cheat and move on.”


    No tax was owed. The shit is still in Oregon. But I cannot assume everyone is as law abiding. You really shouldn’t keep calling attention to your embarrassing attempt at a gotcha.

    The point is I had a choice where to buy. Don’t quit your day job.
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    Fenderbender123Fenderbender123 Member Posts: 2,867
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    We should eliminate the income tax and just have a sales tax. An icome tax punishes production and a sales tax punishes consumption.
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    2001400ex2001400ex Member Posts: 29,457
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    We should eliminate the income tax and just have a sales tax. An icome tax punishes production and a sales tax punishes consumption.

    So you want to raise taxes on the poor and middle class and drastically cut taxes on the wealthy too.
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    allpurpleallgoldallpurpleallgold Member Posts: 8,771
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    2001400ex said:

    We should eliminate the income tax and just have a sales tax. An icome tax punishes production and a sales tax punishes consumption.

    So you want to raise taxes on the poor and middle class and drastically cut taxes on the wealthy too.
    Don’t worry, it’ll trickle down.
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    2001400ex2001400ex Member Posts: 29,457
    First Anniversary First Comment 5 Up Votes 5 Awesomes

    2001400ex said:

    We should eliminate the income tax and just have a sales tax. An icome tax punishes production and a sales tax punishes consumption.

    So you want to raise taxes on the poor and middle class and drastically cut taxes on the wealthy too.
    Don’t worry, it’ll tinkle down.
    FIFY
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