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Möte BABYLON5, 17862 texter
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Text 14283, 41 rader
Skriven 2007-05-09 12:00:49 av Kurt Ullman (653.babylon5)
     Kommentar till en text av rec.arts.sf.tv.babylon5.moderated
Ärende: Re: unions
==================
In article <rs2243h751dch2mhev38nlum6fbqj7fek7@4ax.com>,
 Josh Hill <usereplyto@gmail.com> wrote:


> >   Most of the REALLY big loopholes are still middle class. IRAs already 
> >aren't deductible for those making more than a certain amount. 
> >Deductions you can take begin to be phased out at a certain level of 
> >income, etc. etc. etc. 
> 
> Have you seen figures that bear that out? Forex, from what I've seen,
> business ownership is a tax paradise. The guy who ran a company I
> worked for actually had the company logo on the bottom of his swimming
> pool so he could take it as a tax deduction on the basis of the annual
> company picnic. The same guy provided a company car to his girlfriend,
> and, rumor had it, another to her husband to keep his mouth shut.
> 
    Yeah yo wanna see my tax return? I paid about $2500 in ADDITIONAL 
taxes (wrote the check not just some fiddling with AGI) because of phase 
outs related to income. 
   BTW: The first years I had my own business, I took out about $15,000 
(this was early 70s) and paid taxes on $60,000 because of what I put 
back into the biz to grow. Even in the later years I still paid taxes on 
20% or so of the income I did not get in income because you have to pay 
(as a Sub S corp) on retained income that you still need to have to pay 
expenses, etc. 
      Yep, a couple million small biz people and you cherry pick the 
ones working the system "aggressively" and fraudulently as the examples 
you use. 
    Personally I'd turn them in. IRS pays a bounty if they recover. 


> But -- if you end this particular subsidy, you reduce the magnitude of
> the problem, don't you?

 If we are still talking muni bonds, then no. You merely increase 
borrowing costs for the local governments and shift the burden to 
property taxes, state or local income taxes, sales taxes, etc. 
    No whether or not that is a good thing overall, is something that 
can  be debated. But you don't reduce anything in this case.
--- SBBSecho 2.12-Win32
 * Origin: Time Warp of the Future BBS - Home of League 10 (1:14/400)