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the country is broken. we overspend on nonessential things, we divert money to the wrong things and we overpay the people who make the bad decisions.
as it stands, we get failed lawyers, con men and wealthy power hungry people running instead of qualified minds.
Crakeur
neo96
Once upon a time in America there was no income tax.
We should return to that.
and how will roads be cared for?
how will we defend ourselves from potential invasion?
how will the ever growing population of welfare recipients live?
how will our children get educations?
how will public transportation operate?
there's no way to operate a country without some form of tax.
VictorVonDoom
On a possibly unrelated side note: income taxes on wages and salaries are a total ripoff and a lie. If you worked 40 hours and got paid for it, that isn't income, it is an exchange. You traded your time and labor for money, even Steven. You didn't make a profit, more likely you lost money if you weren't paid what your labor was worth. It would be like if you gave someone four quarters for a dollar, then the government says you made a dollar in profit and they want their cut.
macman
VictorVonDoom
On a possibly unrelated side note: income taxes on wages and salaries are a total ripoff and a lie. If you worked 40 hours and got paid for it, that isn't income, it is an exchange. You traded your time and labor for money, even Steven. You didn't make a profit, more likely you lost money if you weren't paid what your labor was worth. It would be like if you gave someone four quarters for a dollar, then the government says you made a dollar in profit and they want their cut.
Now that is an eye opening take on the situation.
Thanks for posting that.
Crakeur
it's the tax protestor stance and it has failed and resulted in jail time for many who've tried to use that excuse for not paying taxes.
havok
Well maybe their mistake was trying to sell them to gain wealth.
Although it sounds like the found Jesse James' stash of loot.
Which would be remarkable!
I digress...The ridiculous overreach of the IRS is beyond ludicrous and detestable especially from those who find out they "owe" money from nothing. In any event, the coins should have been kept secret and quietly sold slowly as to not attract attention and the prying eyes of the IRS. Hindsight is 20/20 though and maybe these people didn't see this coming.
The gold is worth far more than the dollars they would have received.
Better luck next time...
Crakeur
reply to post by Halfswede
the rates are commensurate with the tax code. federal taxes on that kind of income come to 39.6%. California income tax is another 12.3% Total tax comes to about 51%.
the 47% for the IRS is wrong.
It's a large tax bill for sure but, prior to taking their dog for a walk, they didn't have a pot of gold. Now they do and they are, after taxes, about 5 million dollars wealthier. I wouldn't complain if I was in that position.
ForteanOrg
I can't for the live of me understand all your whining and complaining, folks. The lucky couple still ends up with say 5-6 million dollar - not bad at all, I wish I will be so lucky one day.
Greedy bastards.