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CNN Joins Tea Party: Delay ACA for 1 Year !

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#31    Tiggs

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Posted 16 October 2013 - 05:37 PM

View PostHarte, on 16 October 2013 - 02:22 PM, said:

The fact is, I get about 3 or 4 hundred dollars more back every year than what was witheld.

Doesn't seem right, does it?
Having two children lowers your bill substantially, as does not having a working partner, as you're claiming all of their tax exceptions, as well as your own.

A single tax return with no children - and you'd be lucky to have change from $5k.


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#32    Harte

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Posted 17 October 2013 - 03:49 PM

So, get married and have kids, right? LOL

I'm aware, but still willing to pay.

BTW, nevermind the cat.  Schrodinger himself is dead.

Harte

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#33    CyberKen

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Posted 17 October 2013 - 05:08 PM

View PostHarte, on 17 October 2013 - 03:49 PM, said:

So, get married and have kids, right? LOL

I'm aware, but still willing to pay.

BTW, nevermind the cat.  Schrodinger himself is dead.

Harte

Now that traffic to ObamaCare have abated, HHS concedes there are built-in information technology and structural defects.

They didn't actually start working on it until after the November 2012 Election so they wouldn't get attacked during the election.

Edited by CyberKen, 17 October 2013 - 05:09 PM.


#34    Tiggs

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Posted 17 October 2013 - 11:06 PM

View PostHarte, on 17 October 2013 - 03:49 PM, said:

So, get married and have kids, right? LOL

I'm aware, but still willing to pay.
Hold onto that thought for when the kids have grown up.


Quote

BTW, nevermind the cat.  Schrodinger himself is dead.
You'd hope so. He'd be 126, otherwise.

Still. Maybe in one of Everett's universes...


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#35    Harte

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Posted 18 October 2013 - 04:52 PM

My situation is illustrative of how free and easy the government is with its money.

As posters, the next time we are assuming only corporations are getting tax breaks, remember me.

Harte

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#36    CyberKen

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Posted 18 October 2013 - 04:55 PM

View PostHarte, on 18 October 2013 - 04:52 PM, said:

My situation is illustrative of how free and easy the government is with its money.

As posters, the next time we are assuming only corporations are getting tax breaks, remember me.

Harte

Don't forget the tax breaks for the rich: Tax Free Mutual Funds.

The 39% rate only applies to "taxable income".

If i dive completely into a Tax Free Mutual Fund then my tax = ZERO.


#37    Harte

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Posted 18 October 2013 - 09:45 PM

That's a pretty silly thing to say.

These funds buy nothing but tax free municipal bonds.  T. Rowe Price's CA tax free bond fund requires a minimum investment of only 2500 dollars.  The shares are at a little over 10 bucks each as I type this.

Also, you can buy your own tax free muni. bonds for far less than a hundred dollars each.

Right.  Sounds like rich man's money to me.

Harte

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#38    questionmark

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Posted 18 October 2013 - 10:16 PM

View PostHarte, on 18 October 2013 - 09:45 PM, said:

That's a pretty silly thing to say.

These funds buy nothing but tax free municipal bonds.  T. Rowe Price's CA tax free bond fund requires a minimum investment of only 2500 dollars.  The shares are at a little over 10 bucks each as I type this.

Also, you can buy your own tax free muni. bonds for far less than a hundred dollars each.

Right.  Sounds like rich man's money to me.

Harte

Well, how would anybody who has never saved a dime know that...

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#39    Harte

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Posted 18 October 2013 - 10:38 PM

I wonder, is it because the bonds are tax free that such attitudes are taken?

Do people know what municipal bonds are and why they exist?

Do they want them to be taxed?

Harte

I've consulted all the sages I could find in yellow pages but there aren't many of them. - The Alan Parsons Project
Most people would die sooner than think; in fact, they do so. - Bertrand Russell
Ignorance is preferable to error; and he is less remote from the truth who believes nothing, than he who believes what is wrong. - Thomas Jefferson
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#40    questionmark

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Posted 18 October 2013 - 10:45 PM

View PostHarte, on 18 October 2013 - 10:38 PM, said:

I wonder, is it because the bonds are tax free that such attitudes are taken?

Do people know what municipal bonds are and why they exist?

Do they want them to be taxed?

Harte

I don't, have a few too many of them for that.... but besides the joke, I sometimes wonder where people think municipal services come from.

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#41    CyberKen

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Posted 19 October 2013 - 01:37 PM

View PostHarte, on 18 October 2013 - 10:38 PM, said:

I wonder, is it because the bonds are tax free that such attitudes are taken?

Do people know what municipal bonds are and why they exist?

Do they want them to be taxed?

Harte

They are low yield Municipal Bonds. They make them Tax Free to make them attractive to investors.

It's just another Tax Free Vehicle created by the rich. There are many more. It's called gaming the system.

Other nations do the same thing.


#42    Harte

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Posted 20 October 2013 - 10:47 AM

Tax free munis were not "created by the rich."

Harte

I've consulted all the sages I could find in yellow pages but there aren't many of them. - The Alan Parsons Project
Most people would die sooner than think; in fact, they do so. - Bertrand Russell
Ignorance is preferable to error; and he is less remote from the truth who believes nothing, than he who believes what is wrong. - Thomas Jefferson
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#43    Tiggs

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Posted 21 October 2013 - 12:37 AM

View PostHarte, on 18 October 2013 - 04:52 PM, said:

My situation is illustrative of how free and easy the government is with its money.

As posters, the next time we are assuming only corporations are getting tax breaks, remember me.
If single income families with multiple children shouldn't be getting tax breaks - who should?


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#44    Yamato

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Posted 21 October 2013 - 04:05 AM

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#45    joc

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Posted 21 October 2013 - 04:09 AM

View PostTiggs, on 21 October 2013 - 12:37 AM, said:

If single income families with multiple children shouldn't be getting tax breaks - who should?
No one.
No one should be getting a 'tax break'...what EVERYONE should be getting is a Flat Tax Rate of no more than 10% of one's income.  No more April the 15th nightmares...no more headaches...no more worrying about the IRS auditing you.
That way...everyone would pay taxes...no one would need a tax break...and the tax burden would be shared equally throughout the populace.
It won't ever happen...but it should.

Edit:  It is a well known fact that poor women have multiple children out of wedlock for the sole purpose of the per child tax credit.

Edited by joc, 21 October 2013 - 04:11 AM.

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