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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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On Jul 14, 1:19*pm, Hawke wrote:
Romney is worth hundreds of millions, earns tens of millions per year on those assets and pays a lower tax than the average person does. That is not what was intended when the tax code was written. Hawke It is exactly what was intended when the tax code was written. If that was not the intent, they would have written the tax code differently. Dan |
#2
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#3
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![]() wrote in message ... On Jul 14, 1:19 pm, Hawke wrote: Romney is worth hundreds of millions, earns tens of millions per year on those assets and pays a lower tax than the average person does. That is not what was intended when the tax code was written. Hawke It is exactly what was intended when the tax code was written. If that was not the intent, they would have written the tax code differently. Dan === No it wasn't. This has come about gradually, due to special interest groups constantly lobbying for small changes here and there which together, have slowly taken us to the point we are at today. |
#4
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On Jul 14, 7:08*pm, Hawke wrote:
* * * * * * * * * * * * * * * * * * * * * * * * *Dan No Dan, when they wrote the tax code the intention was for it to be a progressive tax. For you, that means people who make more pay a higher percentage of their income in taxes than people who make less. When people making a higher income pay a smaller percentage of their income than those who make less income that's called a regressive tax. It's generally accepted that regressive tax schemes are not fair. Thus the reason why a progressive income tax was adopted. It should be clear that people in Mitt Romney's wealth class should be paying a much higher percentage than the average income earner. That is universally accepted as being true. Every poll taken shows that people think the wealthy should pay more. That is what the congress had in mind when they wrote the tax code too. They did not plan for super rich people to pay the lowest level of anyone in the system. That's what is wrong with it. It isn't working as intended when it is operating in a regressive manner. That is a malfunction. If not for the republican party it would be and Mitt would be paying millions more in taxes as he should. Hawke You say that because you want to believe that. But it is not true. The tax code is exactly how Congress wanted it to be. You surely can not believe that 435 members of the House and 100 members of the Senate came up with a tax code that is not what they intended. Taxes on Dividends are actually high. Because the money is taxed twice. Once at the Corporate level and then again as income of the shareholders. So if I own stock in a company and it makes a profit, that profit gets taxed. And if the corporation issues dividends , that money gets taxed again. Congress could have eliminated the tax at the corporate level and left the tax on dividends at a higher level, but they choose to tax dividends at a low level to encourage corporations to pay out dividends. Congress has also created many deductions corporations can take. They did this because they had some action that they wanted to encourage the corporations to do. For example they wanted manufacturers to make energy efficient appliances. And the manufacturers did that. As a result Whirlpool and GE pay almost no income taxes. ( they pay plenty of property taxes ). But that is exactly what Congress wanted them to do. Congress also wanted people to contribute to charities. So they created a deduction for contributions to non-profits. Congress realised that contributions to charities reduce how much the Federal Government has to spend on helping the poor. So how much did Joe Biden contribute to charities? $300. How much did Romney contribute to charities? Well read the following. On Tuesday, when he released his income tax returns, Mr. Romney, a multimillionaire and presidential candidate, revealed that while he reported he made $42.5 million over the past two years, he also gave away $7 million. While Romney is not thought of as a great philanthropist, his rate of giving is considered high. For example, in 2010 he gave $2.9 million or 14 percent of his income to charity. A typical person gives 2 to 3 percent of their income. And people who made $10 million or more typically gave 6.5 percent to charity, according to Roberton Williams of the nonpartisan Tax Policy Center in Washington. So if you add onto how much he paid to charities to how much Romney paid in taxes, he paid a larger percentage of his income than those with low incomes. He paid close to 30% to charities and income tax. So do not give me this **** about Romney does not pay enough. He pays a larger percentage of his income than you do to help people. You are just a non thinking idiot that blathers the same drivel over and over. The tax code is exactly what Congress wants it to be. Congress created all those deductions for various reasons, even if you are too stupid to realise it. And it is working exactly as they want it to work. Dan |
#5
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"PrecisionmachinisT" wrote in message
... wrote in message ... It is exactly what was intended when the tax code was written. If that was not the intent, they would have written the tax code differently. Dan === No it wasn't. This has come about gradually, due to special interest groups constantly lobbying for small changes here and there which together, have slowly taken us to the point we are at today. The elected representatives of the people had to agree to them. Is democracy not good enough for you? |
#6
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#7
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On Jul 15, 8:10*pm, Hawke wrote:
You *are just a non thinking idiot that blathers the same drivel over and over. I was just going to say the same thing to you. The tax code is exactly what Congress wants it to be. *Congress created all those deductions for various reasons, even if you are too stupid to realise it. *And it is working exactly as they want it to work. * * * * * * * * * * * * * * * * * * * * * * * * * * * Dan Well, your wrong, just like you always are, and never seem to learn no matter how often you are shown the truth. You're not nearly as smart, educated, or a knowledgeable as you think you are. You're just an ordinary guy who has fallen for all the propaganda of the right. You can recite it all back very nicely but as far as you knowing the facts of what has gone on and why, how things really came about, and who was actually running things you are sadly lacking. It's too bad but you're no different from Rush, Beck, and Hannity, all of whom are singularly impressed with themselves and how much they think they know. In reality they are not impressive men with high intellects or very much knowledge. None of them are educated. They are in fact just ordinary guys who think they are far better than they are. In that regard they are just like you. Hawke No you are the one that is wrong. Congress creates the tax code , and it is therefore obvious to the most casual observer that the tax code is exactly what Congress wants it to be. May not be what you think it should be, and I am sure some members of Congress think it should be different. But the fact is that the tax code is exactly what Congress made it. Maybe I should say it is obvious to everyone except idiots that the tax code is what Congress wanted it to be.kn And I am as smart, educated , and knowledgeable as I think I am. And even smarter, better educated, and more knowlegeable that you think you are. Hey you are the one that brought up intelligence, education , and knowledge. Dan |
#8
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#9
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On 7/15/2012 5:07 AM, Jim Wilkins wrote:
"PrecisionmachinisT" wrote in message ... wrote in message ... It is exactly what was intended when the tax code was written. If that was not the intent, they would have written the tax code differently. Dan === No it wasn't. This has come about gradually, due to special interest groups constantly lobbying for small changes here and there which together, have slowly taken us to the point we are at today. The elected representatives of the people had to agree to them. Is democracy not good enough for you? If you think that everything that congress does turns out exactly the way they wanted it to you're living in a dreamland. In reality things turn out the opposite of what they intended all the time. Hawke |
#10
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On Jul 16, 1:58*pm, Hawke wrote:
All you are doing is giving an opinion you have that is not backed up with an education in political science or law. God knows what qualifications and expertise you have to be commenting on the law, and politics. Obviously you have no formal training in either area yet you are making comments like you are some kind of a professional. You're acting just like Pimpleton now. Okay smart educated guy. Who writes the tax laws? Who can change the tax laws. The answer to both those questions is Congress. Ergo the tax laws are exactly how Congress wants them. For your information, the laws congress creates do not always turn out the way they wanted them to. Many times what they intended does not happen and often it turns out the opposite of what they were trying to do. It's like passing a tariff that is supposed to protect American business but the result is it winds up hurting the very business they wanted to protect. Even you probably know an example where this happened. So you know that congress does not accomplish exactly what they want every time they pass a law. This applies to tax law as well. Many times the intent of the law does not wind up to be what congress wanted. You know that. Then you come here and say the tax law is exactly what congress wants when you know of cases where that isn't true. That makes your argument irrelevant, worthless, and wrong. No it makes your argument irrelevant and wrong. And I am as smart, educated , and knowledgeable as I think I am. *And even smarter, better educated, and more knowlegeable that you think you are. You're entitled to that opinion even though it isn't supported by any factual evidence. It actually is supported by factual evidence. Just because you do not know the facts , does not mean that there are not fact which support it. Hey you are the one that brought up intelligence, education , and knowledge. Yep, I do that every time the topic is something where those things are important. I know how intelligent I am, Okay smart guy just how intelligent are you? If you are really smart and knowledgeable, you can tell us your I.Q. Except in previous posts you have said you do not know what your I.Q. is. So much for your knowing how intelligent you are. how much formal education I have too and that only 4% of the population has more than I do. Now that is interesting considering that WIKI says 30.44 % of the adult U.S. population has a bachelors degree. 7.95% have a masters degree, and 3.00 % have a doctrate or professional degree. So you are saying you have at least a Masters degree and some graduate level courses beyond what is needed to get a Masters. As for knowledge I know that I have far more of that than most people do too. You'd be very lucky to actually know more than me. You clearly know more than me in some technical areas. But you don't know all the areas where I know more than you do and you like to pretend those areas don't exist so you can see yourself as better. But that's just your opinion of yourself and in my view you over rate yourself. And not by a small margin.. Hawke Just keep thinking that you are more knowledgeable than most people. But it is obvious that you do not know who writes the tax laws. Dan |
#11
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On Jul 16, 2:00*pm, Hawke wrote:
If you think that everything that congress does turns out exactly the way they wanted it to you're living in a dreamland. In reality things turn out the opposite of what they intended all the time. Hawke But the tax code is still exactly what Congress wanted. They wrote it , reviewed it , and voted it into law. So it is exactly what they wanted. Dan |
#12
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#13
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#14
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On Jul 16, 7:03*pm, Hawke wrote:
On 7/16/2012 12:17 PM, wrote: On Jul 16, 2:00 pm, Hawke wrote: If you think that everything that congress does turns out exactly the way they wanted it to you're living in a dreamland. In reality things turn out the opposite of what they intended all the time. Hawke But the tax code is still *exactly what Congress wanted. *They wrote it , reviewed it , and voted it into law. *So it is exactly what they wanted. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Dan No, that's wrong. In the first place what "passed" is not a measure of what congress wanted. It's a measure of who was in power and who got their way at the time. When a law is passed it means some people wanted it that way. Others did not want it. So what passes is what can get passed not what congress wants. What an idiot. It is exactly what Congress wants. Yes Congress is not a monolith, but each member has a vote. So the tax laws are what Congress votes to be the tax laws. If Congress did not like the way committees work, they can change that. So the tax laws are exactly what Congress wants. Secondly, what is passed doesn't always work as intended. So even if a tax law is exactly as the current majority wanted it that does not mean it has the effect they wanted it to have. In fact, it may operate the exact opposite of how they wanted it to. So to think that the tax laws at any time are exactly as the current congress wants them is simply not true. I understand you have an opinion the opposite of that. You're entitled to that and you are entitled to be wrong. But I am entitled to let you know your opinion is not true. Hawke If the tax laws are not how Congress wants them, Congress can change them. So at all times the tax laws are what Congress wants. If this is not true, then tell me who passes the tax laws? You just want to think that the tax laws are show Congress wants them. But the truth is they are. |
#16
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On 7/16/2012 6:00 PM, John B. wrote:
On Mon, 16 Jul 2012 16:03:51 -0700, Hawke wrote: On 7/16/2012 12:17 PM, wrote: On Jul 16, 2:00 pm, Hawke wrote: If you think that everything that congress does turns out exactly the way they wanted it to you're living in a dreamland. In reality things turn out the opposite of what they intended all the time. Hawke But the tax code is still exactly what Congress wanted. They wrote it , reviewed it , and voted it into law. So it is exactly what they wanted. Dan No, that's wrong. In the first place what "passed" is not a measure of what congress wanted. It's a measure of who was in power and who got their way at the time. When a law is passed it means some people wanted it that way. Others did not want it. So what passes is what can get passed not what congress wants. Secondly, what is passed doesn't always work as intended. So even if a tax law is exactly as the current majority wanted it that does not mean it has the effect they wanted it to have. In fact, it may operate the exact opposite of how they wanted it to. So to think that the tax laws at any time are exactly as the current congress wants them is simply not true. I understand you have an opinion the opposite of that. You're entitled to that and you are entitled to be wrong. But I am entitled to let you know your opinion is not true. Hawke You are playing with words. Again. But if, as you seem to contend, the tax law is not what congress wants then how did it get passed by a majority vote? You spend 13 lines of typing to explain how the democratic system works - the decision the majority wants. Now, as to whether the decision worked as expected; that is rather an evaluation of how much the drafters of the law understood about the subject. I explained this to Dan in one of his posts. What I said is congress and the laws are constantly changing in makeup and majorities. The laws are always being changed or amended too. So what is currently on the books is not always going to be what the sitting congress wants. They may change the laws to what they want and they may not. The point is the tax laws are not exactly as the congress wants at any particular time. It's assumed that it's the way they wanted it when they passed. But that doesn't mean that's true a year or two after that. Hawke |
#17
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On Jul 18, 8:50*pm, Hawke wrote:
I explained this to Dan in one of his posts. What I said is congress and the laws are constantly changing in makeup and majorities. The laws are always being changed or amended too. So what is currently on the books is not always going to be what the sitting congress wants. They may change the laws to what they want and they may not. The point is the tax laws are not exactly as the congress wants at any particular time. It's assumed that it's the way they wanted it when they passed. But that doesn't mean that's true a year or two after that. Hawke The only way to know what Congress wants is to look at how they vote. Everything else is speculation. Dan |
#18
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#19
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On Jul 19, 1:16*pm, Hawke wrote:
That's true to a certain extent but it's not that simple. I guarantee that the republican congress doesn't like some of the tax laws that were passed by the former congress when the Democrats were in the majority. They haven't changed them, so according to your thinking, that means they are exactly as they want them. But we know that is not true and they would like them changed. But they haven't changed them. So according to you they want them that way. But we know they don't. That means the current congress doesn't want the tax laws the way they are at the moment. But since they haven't changed them yet that means they are exactly the way they want them. You know that isn't true. That means the tax laws aren't "exactly" the way congress wants them. They were the day they were passed but not now. Hawke When I refer to Congress I am talking about both the House and Senate and the entire body. Not some subset of Democrats or Republcans. I mean everyone including the independents. And the only way you can tell what the entire Congress wants is by looking at how they vote. So all that crap about current Congress versus previous Congress is just that. Crap, pure speculation , about how you think it is. So one more time, the tax laws are exactly what Congress wants them to be. Dan |
#20
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On Jul 19, 1:21*pm, Hawke wrote:
The only way to know what Congress wants is to look at how they vote. Everything else is speculation. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *Dan Yes, but since congress is constantly changing that means so is what it wants. The congress changes a lot faster than the laws do. So the laws can't keep up with what the newest congress wants most of the time. That lag time means that what the new congress wants always is trailing the laws on the books. They will change the ones they dislike the most as quickly as it can, but lots of other ones they never get to or can't get changed because of politics. Hawke Once again, The only way to know what Congress wants is to look at how they vote. Everything else is speculation. Dan |
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