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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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OT-45% tax rate on dividends in 2011
Buried in Nancy Pelosi's health-care bill is a provision that will partially
repeal tax indexing for inflation, meaning that as their earnings rise over a lifetime these youngsters can look forward to paying higher rates even if their income gains aren't real. This is a sneaky way for politicians to pry more money out of workers every year without having to legislate tax increases. The negative effects of failing to index compound over time, yielding a revenue windfall for government as the years go on. The House tax surcharge is estimated to raise $460.5 billion over 10 years, but only $30.9 billion in 2011, rising to $68.4 billion in 2019, according to the Joint Tax Committee. And by the way, this surcharge has also been sneakily written to apply to modified adjusted gross income, which means it applies to both capital gains and dividends that are taxed at lower rates. So the capital gains tax rate that is now 15% would increase in 2011 to 25.4% with the surcharge and repeal of the Bush tax rates. The tax rate on dividends would rise to 45% from 15% (5.4% plus the pre-Bush rate of 39.6%). The return of the inflation tax demonstrates once again the stealth radicalism that animates ObamaCare. In the case of inflation indexing, Democrats would repeal a 30-year bipartisan consensus that it is unfair to tax unreal gains in income, thus hitting millions of middle-class Americans over time with tax rates advertised as only hitting "the rich." Oh, and the House vote on this exercise in dishonest government will come as early as Saturday. http://online.wsj.com/article/SB1000...170939688.html Best Regards Tom. |
#2
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OT-45% tax rate on dividends in 2011
"azotic" wrote in message ... Buried in Nancy Pelosi's health-care bill is a provision that will partially repeal tax indexing for inflation, meaning that as their earnings rise over a lifetime these youngsters can look forward to paying higher rates even if their income gains aren't real. This is a sneaky way for politicians to pry more money out of workers every year without having to legislate tax increases. The negative effects of failing to index compound over time, yielding a revenue windfall for government as the years go on. The House tax surcharge is estimated to raise $460.5 billion over 10 years, but only $30.9 billion in 2011, rising to $68.4 billion in 2019, according to the Joint Tax Committee. And by the way, this surcharge has also been sneakily written to apply to modified adjusted gross income, which means it applies to both capital gains and dividends that are taxed at lower rates. So the capital gains tax rate that is now 15% would increase in 2011 to 25.4% with the surcharge and repeal of the Bush tax rates. The tax rate on dividends would rise to 45% from 15% (5.4% plus the pre-Bush rate of 39.6%). The return of the inflation tax demonstrates once again the stealth radicalism that animates ObamaCare. In the case of inflation indexing, Democrats would repeal a 30-year bipartisan consensus that it is unfair to tax unreal gains in income, thus hitting millions of middle-class Americans over time with tax rates advertised as only hitting "the rich." Oh, and the House vote on this exercise in dishonest government will come as early as Saturday. http://online.wsj.com/article/SB1000...170939688.html Best Regards Tom. BOHICA!!! |
#3
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OT-45% tax rate on dividends in 2011
azotic writes:
... a 30-year bipartisan consensus that it is unfair to tax unreal gains in income ... Consensus? How do you explain the continuing AMT? We are all "millionaires" now. |
#5
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OT-45% tax rate on dividends in 2011
On Nov 7, 5:44*pm, TinLizziedl wrote:
And here's a comment from the article that I felt was appropriate to include, since you posted only a portion of the full article: James Samans replied "Hmm. Let's see... assuming 3% inflation and a 5% pay increase per year, meaning a real increase of 2%... yes, the average twentysomething now making $50,000 per year will hit the $500,000 non-indexed cap in 127 years. I guess the middle class should start sweating now." _____________ Tin Lizzie "Elephant: *A mouse built to government specifications."-Lazarus Long I do not understand how James Samans calculated. When I do the math it is only 48 years assuming a 5% pay raise every year. And if you assume that inflation is running 5% and a real wage increase of 2% , then I calculate it as 34 years. So the 20 something is likely to feel the effects well before he is eligible for Social Security. Dan |
#6
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OT-45% tax rate on dividends in 2011
As Warren Buffett insightfully pointed out, this country did very well
when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i |
#7
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OT-45% tax rate on dividends in 2011
"Ignoramus8745" wrote in message ... As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Actually they were not much higher overall. Lots of deductions went away, so the effective tax rate is much higher at the same percentage. You use to be able to deduct all interest, Credit card, mortgage, auto loans, sales tax. etc. |
#8
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OT-45% tax rate on dividends in 2011
Should the legislation become law and take effect in 2011 it will reduce the
the income of seniors who planned their retirement around investing in stocks that pay dividends significantly lowering thier standard of living. And we have individuals that if they need to cash out thier investments will have to pay an outragous capitol gains tax. It will be intresting in 2012 when those people get a huge tax bill for making all the right decisions in thier youth, i suspect many will remember that check they wrote on april 15th in november. One would think the dems would have waited until 2013 for these new rates to go into effect to prevent another clean sweep that happened in 2008 and retain the structure they now enjoy. Perhaps they are to drunk with power to look down the road 2 years. Best Regards Tom. |
#9
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OT-45% tax rate on dividends in 2011
Ignoramus8745 wrote:
As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i During the Eisenhower administration the country boomed. The tax rate on the ultra rich was 90% and they still did well. Conservatives make a big deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the rate on the richest from 90% all the way down to 70%. The rich did well then too. Slapping high income taxes on the rich has never hurt them. It's only fair for people making a billion a year to pay most of it in taxes. That's the price you have to pay for living here and getting rich. If they don't like it they can move to another country. Now where did I hear that? Hawke |
#10
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OT-45% tax rate on dividends in 2011
On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745
wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? "IMHO, some people here give Jeff far more attention than he deserves, but obviously craves. The most appropriate response, and perhaps the cruelest, IMO, is to simply killfile and ignore him. An alternative, if you must, would be to post the same standard reply to his every post, listing the manifold reasons why he ought to be ignored. Just my $0.02 worth." |
#11
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i During the Eisenhower administration the country boomed. The tax rate on the ultra rich was 90% and they still did well. Conservatives make a big deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the rate on the richest from 90% all the way down to 70%. The rich did well then too. Slapping high income taxes on the rich has never hurt them. It's only fair for people making a billion a year to pay most of it in taxes. That's the price you have to pay for living here and getting rich. If they don't like it they can move to another country. Now where did I hear that? Hawke And how many actually paid 90% or even 70%? |
#12
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OT-45% tax rate on dividends in 2011
"Gunner Asch" wrote in message ... On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? Nope democrats enact a global tax on financial transactions over $900k, say a flat of 90% tax on all proffit with no deductions, all payments go dirrectley to the the irs which deducts the tax owed and the taxpayer recieves a check for the balance. Only then will warren buffet and others like him pay thier fair share. The deficit will be gone in a few years. G Best Regards Tom. |
#13
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OT-45% tax rate on dividends in 2011
Gunner Asch wrote: On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? Don't forget the 110% income tax on all naturalized citizens. -- The movie 'Deliverance' isn't a documentary! |
#14
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OT-45% tax rate on dividends in 2011
On 2009-11-08, Gunner Asch wrote:
On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? You can take any good idea and carry it to the point of absurdity. i |
#15
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OT-45% tax rate on dividends in 2011
Let the Record show that Gunner Asch on
or about Sat, 07 Nov 2009 17:42:05 -0800 did write/type or cause to appear in rec.crafts.metalworking the following: On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? You'll note that Buffet took advantage of the tax laws to move most of his fortune into a foundation, which is being administered by the Gates. It is not slavery, we're just having your salary put in escrow, and then the government will provide you with what you need. tschus pyotr - pyotr filipivich We will drink no whiskey before its nine. It's eight fifty eight. Close enough! |
#16
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OT-45% tax rate on dividends in 2011
On Sat, 07 Nov 2009 20:49:00 -0600, Ignoramus8745
wrote: On 2009-11-08, Gunner Asch wrote: On Sat, 07 Nov 2009 17:33:09 -0600, Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i Blink blink...so we simply tax everyone at say...75% of their gross income and pay off the deficet really quickly..right? You can take any good idea and carry it to the point of absurdity. i Yes..YOU certainly can. Gunner "IMHO, some people here give Jeff far more attention than he deserves, but obviously craves. The most appropriate response, and perhaps the cruelest, IMO, is to simply killfile and ignore him. An alternative, if you must, would be to post the same standard reply to his every post, listing the manifold reasons why he ought to be ignored. Just my $0.02 worth." |
#17
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i During the Eisenhower administration the country boomed. The tax rate on the ultra rich was 90% and they still did well. Conservatives make a big deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the rate on the richest from 90% all the way down to 70%. The rich did well then too. Slapping high income taxes on the rich has never hurt them. It's only fair for people making a billion a year to pay most of it in taxes. That's the price you have to pay for living here and getting rich. If they don't like it they can move to another country. Now where did I hear that? Hawke What do you think "rich" people do with their wealth? And, define "rich". |
#18
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OT-45% tax rate on dividends in 2011
Buerste wrote:
"Hawke" wrote in message ... Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i During the Eisenhower administration the country boomed. The tax rate on the ultra rich was 90% and they still did well. Conservatives make a big deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the rate on the richest from 90% all the way down to 70%. The rich did well then too. Slapping high income taxes on the rich has never hurt them. It's only fair for people making a billion a year to pay most of it in taxes. That's the price you have to pay for living here and getting rich. If they don't like it they can move to another country. Now where did I hear that? Hawke What do you think "rich" people do with their wealth? And, define "rich". Rich people either spend or invest their wealth. Most of what they spend is simply wasting money on things they don't need or have any use for. For example, Jennifer Anniston spent 250K on a nursery for her adopted baby. Why a baby would need that kind of money spent on it makes no sense to me but when you have millions of dollars more than you need you tend to throw it away on useless things like that. Nowadays rich is defined as someone who has assets worth around two and a half million dollars. It's not income but assets or net worth that count. That's just the starting point. But the maldistribution of wealth is such that 1% of the population is worth more than 95% of everybody else, and one tenth of one percent has most of that one percent. We already have wealth redistribution. The problem is that it went from the middle class to the top 5%. But for some reason that is okay with many of you. If you're middle class that should make you mad. Hawke |
#19
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Buerste wrote: "Hawke" wrote in message ... Ignoramus8745 wrote: As Warren Buffett insightfully pointed out, this country did very well when tax rates were much higher than they are now. A combination of low tax rates and high deficits is not sustainable. i During the Eisenhower administration the country boomed. The tax rate on the ultra rich was 90% and they still did well. Conservatives make a big deal about Kennedy putting in tax cuts. Yeah, he did. But he lowered the rate on the richest from 90% all the way down to 70%. The rich did well then too. Slapping high income taxes on the rich has never hurt them. It's only fair for people making a billion a year to pay most of it in taxes. That's the price you have to pay for living here and getting rich. If they don't like it they can move to another country. Now where did I hear that? Hawke What do you think "rich" people do with their wealth? And, define "rich". Rich people either spend or invest their wealth. Most of what they spend is simply wasting money on things they don't need or have any use for. For example, Jennifer Anniston spent 250K on a nursery for her adopted baby. Why a baby would need that kind of money spent on it makes no sense to me but when you have millions of dollars more than you need you tend to throw it away on useless things like that. Nowadays rich is defined as someone who has assets worth around two and a half million dollars. It's not income but assets or net worth that count. That's just the starting point. But the maldistribution of wealth is such that 1% of the population is worth more than 95% of everybody else, and one tenth of one percent has most of that one percent. We already have wealth redistribution. The problem is that it went from the middle class to the top 5%. But for some reason that is okay with many of you. If you're middle class that should make you mad. Hawke Why did that nursery cost $250k? Where did that money go? |
#20
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OT-45% tax rate on dividends in 2011
On Nov 9, 3:37*am, "Buerste" wrote:
Why did that nursery cost $250k? *Where did that money go? It probably ended up in the pockets of the workmen that did the remodeling and in the pockets of the shops that sold the material used. Hawke would have preferred the money stayed invested, rather than being spent. Dan |
#21
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OT-45% tax rate on dividends in 2011
B
What do you think "rich" people do with their wealth? And, define "rich". Rich people either spend or invest their wealth. Most of what they spend is simply wasting money on things they don't need or have any use for. For example, Jennifer Anniston spent 250K on a nursery for her adopted baby. Why a baby would need that kind of money spent on it makes no sense to me but when you have millions of dollars more than you need you tend to throw it away on useless things like that. Nowadays rich is defined as someone who has assets worth around two and a half million dollars. It's not income but assets or net worth that count. That's just the starting point. But the maldistribution of wealth is such that 1% of the population is worth more than 95% of everybody else, and one tenth of one percent has most of that one percent. We already have wealth redistribution. The problem is that it went from the middle class to the top 5%. But for some reason that is okay with many of you. If you're middle class that should make you mad. Hawke Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. Like when Heather Locklear spent 10,000 on a bassinet for her kid. They just throw money away because they have so much. Just like when rich people lose tons of money gambling. They can do it because they have so much. That's my point. When people get too much, for whatever reason, they lose perspective of the value of things. Our society has allowed the wealth of the country to be consolidated into too few hands. Some say these people "earned" it. But I say nobody should earn vast amounts of money no matter what they do to get it. If pay is that far out of line super high taxes should be imposed on it to reduce the inequity of it. I liked the old days when most of the wealth of this country was held by the middle class. It was a better country. Hawke |
#22
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... It was spent lavishly on everything in the world a queen would have wanted for her little prince. Like when Heather Locklear spent 10,000 on a bassinet for her kid. They just throw money away because they have so much. Just like when rich people lose tons of money gambling. They can do it because they have so much. That's my point. When people get too much, for whatever reason, they lose perspective of the value of things. Our society has allowed the wealth of the country to be consolidated into too few hands. Some say these people "earned" it. But I say nobody should earn vast amounts of money no matter what they do to get it. If pay is that far out of line super high taxes should be imposed on it to reduce the inequity of it. I liked the old days when most of the wealth of this country was held by the middle class. It was a better country. Hawke I agree lets start with government employees. President....... $400k Senator....... $174k Congressman $165k. They have no prospective lets tax them at 80%. Best Regards Tom. |
#23
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OT-45% tax rate on dividends in 2011
What do you think "rich" people do with their wealth? And, define "rich". All people can do three things with their money. 1) Spend it on consumption items. 2) Invest money in expectation of having more money in the future. 3) Donate to charities. The rich, as well as poor and middle class people, do items 1-3 in varying proportions, depending on their inclinations. i |
#24
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... B What do you think "rich" people do with their wealth? And, define "rich". Rich people either spend or invest their wealth. Most of what they spend is simply wasting money on things they don't need or have any use for. For example, Jennifer Anniston spent 250K on a nursery for her adopted baby. Why a baby would need that kind of money spent on it makes no sense to me but when you have millions of dollars more than you need you tend to throw it away on useless things like that. Nowadays rich is defined as someone who has assets worth around two and a half million dollars. It's not income but assets or net worth that count. That's just the starting point. But the maldistribution of wealth is such that 1% of the population is worth more than 95% of everybody else, and one tenth of one percent has most of that one percent. We already have wealth redistribution. The problem is that it went from the middle class to the top 5%. But for some reason that is okay with many of you. If you're middle class that should make you mad. Hawke Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. snip Hawke You refuse to answer the question. Where did the money go? Answer the question! |
#25
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OT-45% tax rate on dividends in 2011
"Ignoramus12778" wrote in message ... What do you think "rich" people do with their wealth? And, define "rich". All people can do three things with their money. 1) Spend it on consumption items. 2) Invest money in expectation of having more money in the future. 3) Donate to charities. The rich, as well as poor and middle class people, do items 1-3 in varying proportions, depending on their inclinations. i Yep, now where does the money go after that? |
#26
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OT-45% tax rate on dividends in 2011
On 2009-11-10, Buerste wrote:
"Ignoramus12778" wrote in message ... What do you think "rich" people do with their wealth? And, define "rich". All people can do three things with their money. 1) Spend it on consumption items. 2) Invest money in expectation of having more money in the future. 3) Donate to charities. The rich, as well as poor and middle class people, do items 1-3 in varying proportions, depending on their inclinations. i Yep, now where does the money go after that? I do not understand the point of this question, as the money goes in all direction. For example, it may be invested in "emerging markets". i |
#27
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OT-45% tax rate on dividends in 2011
"Buerste" wrote in news:3d3Km.7784$Xf2.5115
@newsfe12.iad: You refuse to answer the question. Where did the money go? Answer the question! He can't answer the question because the DNC doesn't have it on their website. grin |
#28
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OT-45% tax rate on dividends in 2011
On 10 Nov 2009 10:36:41 GMT, Eregon wrote:
"Buerste" wrote in news:3d3Km.7784$Xf2.5115 : You refuse to answer the question. Where did the money go? Answer the question! He can't answer the question because the DNC doesn't have it on their website. grin And their brain download computer was snagged in an Acorn raid.... "IMHO, some people here give Jeff far more attention than he deserves, but obviously craves. The most appropriate response, and perhaps the cruelest, IMO, is to simply killfile and ignore him. An alternative, if you must, would be to post the same standard reply to his every post, listing the manifold reasons why he ought to be ignored. Just my $0.02 worth." |
#29
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OT-45% tax rate on dividends in 2011
On 2009-11-10, Buerste wrote:
OK, unless money in a shoebox under a bed, it is being put to work. Correct. And if one guy is taxed, and the money is given to another guy, the money is still put to work. i It's loaned to people that buy goods and services or it directly buys goods and services. All goods reverted back to raw materials that are either grown or dug-up and then have "value" added to them. So, in essence ALL money goes to pay somebody to do something. If a guy makes $20k/yr., ALL that money goes to pay people. If a guy makes $20b/yr., ALL that money goes to pay people for something, even money given to charities. Read-up on "Fiat" money...FASCINATING! The system is designed to destroy the value of the money in a shoebox, it HAS to be put to work. OBTW, printing money is not a good thing. |
#30
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OT-45% tax rate on dividends in 2011
"Ignoramus9270" wrote in message ... On 2009-11-10, Buerste wrote: OK, unless money in a shoebox under a bed, it is being put to work. Correct. And if one guy is taxed, and the money is given to another guy, the money is still put to work. i It's loaned to people that buy goods and services or it directly buys goods and services. All goods reverted back to raw materials that are either grown or dug-up and then have "value" added to them. So, in essence ALL money goes to pay somebody to do something. If a guy makes $20k/yr., ALL that money goes to pay people. If a guy makes $20b/yr., ALL that money goes to pay people for something, even money given to charities. Read-up on "Fiat" money...FASCINATING! The system is designed to destroy the value of the money in a shoebox, it HAS to be put to work. OBTW, printing money is not a good thing. You guys missed all the fun stuff that rich people do -- German cars, Italian yachts, and Swiss bank accounts. It does wonders for the economies of...uh...The United Arab Emirates? d8-) (BTW, Fiat money is very little money; you can get a good price on Fiats.) -- Ed Huntress |
#31
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OT-45% tax rate on dividends in 2011
Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. snip Hawke You refuse to answer the question. Where did the money go? Answer the question! What do you mean where did the money go? Obviously, it was spent on setting up a royal nursery. The story was in People magazine and I didn't read the whole thing, so I can't itemize the exact expenses for you. Suffice it to say the money was spent lavishly on things that no baby really needs. In other words, it was thrown away. If you have the money to waste like that it could have gone to resupply local food banks that all are hurting for food right now. You see, so many people need charity nowadays. But NO, Jennifer has to spend hundreds of thousands on her baby's room. In my book that's wrong. But I guess that comes from my Christian upbringing. Hawke |
#32
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. snip Hawke You refuse to answer the question. Where did the money go? Answer the question! What do you mean where did the money go? Obviously, it was spent on setting up a royal nursery. The story was in People magazine and I didn't read the whole thing, so I can't itemize the exact expenses for you. Suffice it to say the money was spent lavishly on things that no baby really needs. In other words, it was thrown away. If you have the money to waste like that it could have gone to resupply local food banks that all are hurting for food right now. You see, so many people need charity nowadays. But NO, Jennifer has to spend hundreds of thousands on her baby's room. In my book that's wrong. But I guess that comes from my Christian upbringing. Hawke Tell that to the carpenters and painters and carpet layers that get to feed their families via having a job. And not having to go to the food bank. Or would it have better to buy $250k of diamonds in China, etc? |
#33
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. snip Hawke You refuse to answer the question. Where did the money go? Answer the question! What do you mean where did the money go? Obviously, it was spent on setting up a royal nursery. The story was in People magazine and I didn't read the whole thing, so I can't itemize the exact expenses for you. Suffice it to say the money was spent lavishly on things that no baby really needs. In other words, it was thrown away. If you have the money to waste like that it could have gone to resupply local food banks that all are hurting for food right now. You see, so many people need charity nowadays. But NO, Jennifer has to spend hundreds of thousands on her baby's room. In my book that's wrong. But I guess that comes from my Christian upbringing. Hawke So, the contractors, the people at stores that sold the material, the people that made the material, the designers and the rest of the people shouldn't have jobs. Duhh... |
#34
Posted to rec.crafts.metalworking
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Why did that nursery cost $250k? Where did that money go? It was spent lavishly on everything in the world a queen would have wanted for her little prince. snip Hawke You refuse to answer the question. Where did the money go? Answer the question! What do you mean where did the money go? Obviously, it was spent on setting up a royal nursery. The story was in People magazine and I didn't read the whole thing, so I can't itemize the exact expenses for you. Suffice it to say the money was spent lavishly on things that no baby really needs. In other words, it was thrown away. If you have the money to waste like that it could have gone to resupply local food banks that all are hurting for food right now. You see, so many people need charity nowadays. But NO, Jennifer has to spend hundreds of thousands on her baby's room. In my book that's wrong. But I guess that comes from my Christian upbringing. Hawke And, I thought your president Wee-Wee wanted to make jobs, he should have asked you first. |
#35
Posted to rec.crafts.metalworking
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OT-45% tax rate on dividends in 2011
Bill McKee wrote:
Tell that to the carpenters and painters and carpet layers that get to feed their families via having a job. And not having to go to the food bank. Or would it have better to buy $250k of diamonds in China, etc? I've heard that argument before. It is the same one that royal families have always given for their wasteful spending ways. I think Saddam said the same thing as he built palace after palace while letting the people live like ****. But hey, the workmen who worked on those palaces had jobs so I guess Saddam was doing the right thing, right? He could have bought gems in Europe. Hawke |
#36
Posted to rec.crafts.metalworking
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OT-45% tax rate on dividends in 2011
"Hawke" wrote in message ... Bill McKee wrote: Tell that to the carpenters and painters and carpet layers that get to feed their families via having a job. And not having to go to the food bank. Or would it have better to buy $250k of diamonds in China, etc? I've heard that argument before. It is the same one that royal families have always given for their wasteful spending ways. I think Saddam said the same thing as he built palace after palace while letting the people live like ****. But hey, the workmen who worked on those palaces had jobs so I guess Saddam was doing the right thing, right? He could have bought gems in Europe. Hawke You should read what you write before you post, and you may not reinforce the concept that you are mentally lacking. |
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