On Monday, March 4, 2019 at 9:03:25 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
...
On Sunday, March 3, 2019 at 12:27:09 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
...
On Saturday, March 2, 2019 at 4:47:58 PM UTC-5, Rod Speed wrote:
wrote in message
...
On Sat, 2 Mar 2019 12:42:05 -0800 (PST), trader_4
wrote:

On Saturday, March 2, 2019 at 1:41:35 PM UTC-5,
wrote:
On Sat, 2 Mar 2019 11:33:35 -0600, Mark Lloyd
wrote:

On 3/1/19 7:48 PM, Clare Snyder wrote:

[snip]

Whatever happened to "government of the people, by the
people,
and
for the people" - I might have gotten the order wrong
but - - - -

There is NO "the people". Some will always be left out, like all
those
who did NOT vote for Trump.

I didn't vote for Trump (Gary) but I wasn't left out of the tax
cut.
It saved me about $600 compared to running the same return on the
2017
tax code.

Yes, and now the budget deficit, which was down to just $580 bil
when
Trump
took office, is on track to be ~$1 tril this year, with total debt
exceeding
$22 tril. Trillion dollar deficits in a decent, expanding economy..
Nice work by Trump and I hope you enjoy your tax cut that someone
will have to pay for before too much longer. I'm sure Trump is
enjoying
his
tax cut and doesn't give a damn. Cohen related how in 2008 as Trump
was
cutting staff salaries by half, he was enjoying his $10 mil tax
refund
and
commenting on how stupid the govt was to give it to him. So much
for
today's
"conservatives" too. Obviously deficits only matter when Democrats
run
them.


You never heard me say the tax cut was a good idea, I am just
pointing
out it actually was a cut for a lot of working class people. Too bad
if you live in one of those high SALT states that didn't vote for
Trump.

Personally I would go for an across the board 2%
surtax on EVERYONE's taxes (based on your gross),

Basing on the gross has real downsides particularly with
small business that isnt operating as a corporate. They
end up paying a lot more than the average wage slave
and many of them don't necessarily have a higher
living standard than the average employee.

That's pure BS.

We'll see...

A small business today that isn't a
corporation isn't taxed on it's gross.

Thats what he was proposing the 2% surtax on, stupid.

No, you're the one who's stupid and I hope Fretwell will chime in too.
He proposed a 2% new tax on people's INCOMES, not on business revenue.

And with a sole trader self employed, THEIR TOTAL
TURNOVER IS THEIR GROSS INCOME, ****wit.

none of the rest of your even sillier **** worth
bothering with, all flushed where it belongs

You really are a total moron. I've filled out the income tax returns for
a small business many times. The revenue, the gross receipts of the business
are not and never were considered the gross income to the owner. Revenue
is not income, only the PROFIT is. Revenue is not taxed by the feds,
only PROFITS. The new 2% tax Fretwell proposed would clearly apply to
INCOME not to business gross receipts. It is, after all, an INCOME tax,
moron. If you had a new 2% tax on INCOME like Fretwell proposed, it would
apply to someone who had $50K in profits from a business the same way it
would apply to someone who made $50K from a job. The fact that the business
had $300K in revenue to earn that $50K is irrelevant.
And to top it off, you're in Australia. I would never sit here
in America and try to tell someone in Australia how their taxes work.
You're just like that Mr. T fellow, an ignoramus who can't be educated.
Fundamentally, you don't understand the definition of income.