On Wednesday, March 6, 2019 at 5:47:28 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
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On Wednesday, March 6, 2019 at 3:40:36 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
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On Wednesday, March 6, 2019 at 11:05:02 AM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
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On Tuesday, March 5, 2019 at 8:47:09 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
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On Tuesday, March 5, 2019 at 3:06:48 PM UTC-5, Rod Speed wrote:
wrote in message
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On Tue, 5 Mar 2019 20:30:00 +1100, "Rod Speed"
wrote:



wrote in message
. ..
On Tue, 5 Mar 2019 13:03:12 +1100, "Rod Speed"


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

That just means more SPs would form a type S corporation.
It is actually a pretty trivial thing to do. When I did it
the
lawyers
charged me a few hundred bucks.

It isnt that easy with the other ones that have a very high
gross
income and a much lower income for income tax purposes.

What "Other ones"?

Most obvious with stock market speculators/day traders
and property flippers etc.

If you think you will have a business or tax reason to form an
"S"
you
can.

But not if its gambling or speculation.

What? More BS spewing from the hole of ignorance that you've
dug?

We'll see...

You're like a black hole, sucking at everything, but spewing out
crap
too.
A subchapter S is commonly used for real estate, which can be
speculation.

But fretwell has the the 2% surtax on the corporation GROSS


That's a lie,

We'll see...

he never said anything about corporations when he made the proposal

Yes, but later said that he wanted corporations included.


Again, that's a lie. He only made some vague reference to wanting to
see big corporations who pay no taxes now, pay some kind of tax.
He did not say it was his 2% new tax, which again, he clearly proposed
in the context of individual income taxes. And now, Fretwell is
playing
cute, refusing to answer the very simple question I've asked several
times now.



reams of your repetitive **** and lies flushed where they belong

You mean like when you claimed that a Sub S corp can't be used for
speculation?

Never ever said anything even remotely like that, you silly little
pathological liar. And since all you can do is lie thru your ****ing
teeth, here goes the chain on all the rest of your bare faced lies.


Senile or lying or both again?


Fretwell:
If you think you will have a business or tax reason to form an "S" you
can.

Rod:
But not if its gambling or speculation.

Thats talking about a BUSINESS OR TAX REASON,
not saying that it can't be done, ****wit.



Just like Trump. Show the world exactly what you posted, what YOU
brought up, your own words proving exactly what you posted, and you
then simply deny, deny, deny. Poor you, just a misunderstood great
being, like Trump.


Why don't you deny the rest of your BS too? Here it is again:


You claimed that Sub S income means you lose normal income
tax deductions that an individual has? WRONG. Sub S income flows
into an individual return just like small business PROFIT from a
sole proprietorship, salary, or interest income.

You claimed that the IRS doesn't define gross income on an
individual return to include only small business PROFT, not their
revenue? Wrong, as shown by the IRS forms and instructions.

You accepted the BS premise that a new 2% tax should be used
- hide quoted text -
to pay down the deficit? How stupid is that? The deficit is ~$1 tril
a year, in order to pay down the national debt, you'd have to first
eliminate the $1 tril deficit, which a 2% tax isn't going to do.


My, what a big hole of ignorance.