New Zealand, Austria, or the state i grew up in, Arizona.
Playing: EVE Online Favorite MMOs: WoW, SWG Pre-cu, Lineage 2, UO, EQ, EVE online Looking forward to: Archeage, Kingdom Under Fire 2 KUF2's Official Website - http://www.kufii.com/ENG/ -
Why do people actually believe this? You do realize that "the rich" pay taxes in excess of what most middle class actually have as income? For some reason people have been brainwashed into thinking that "the rich" get some special system which lowers their taxes below what they are paying, when nothing could be further from the truth.
Why do people actually believe this? You do realize that "the rich" pay taxes in excess of what most middle class actually have as income? For some reason people have been brainwashed into thinking that "the rich" get some special system which lowers their taxes below what they are paying, when nothing could be further from the truth.
Because it is the truth.
I might regret this, but let me tell you about me:
I work for an accounting firm*
I am pursuing my CPA (Certified Public Accountant)
I am attending a profession, graduate program for Taxation
I study, know, use, analyze, and implement the U.S. Tax Code
I am rich and benefit from the system:
Corporate taxes are a hybrid (mostly, the more you make, the less you pay)
Estate Taxes are a flat tax
Dividend Taxes are a flat tax
Capital Gains Taxes are a flat tax
YOUR income taxes, as you earn more money, are a progressive tax - YOU pay more
*EDIT: I can go to work any time I want. I do not have a fixed schedule. I am working because I want to and needed the accounting and tax "experience." I work, directly, with the firm's partners, and I interface with them every time I decide to go to work with questions. It is really an excellent education that they pay me for.
If you are OK with people like me paying LESS and you PAYING more, you deserve 1) high food prices and 2) an inability to pay taxes.
Most of MY taxes are easily deferrable. I am in my twenties and could retire today if I wanted to because of how much money my grandparents and parents have given me.
How did they give me so much money?
Gifts. Legal gifts allow them to give me FREE money, non-taxable, each and every year. I did not have to report it as taxable income.
I probably should not share this information, about myself, but yes - we have advantages that YOU will never have and probably will never know about.
In no precise order: USA, France, Sweden, Lithuanie, Turkey, Canada except Ontario(french hatred over there, I run out of patience with them "Lindros-syndrom"), Russia, South Korea, Singapoure would mostly be of interest to visit/settle down. I guess it would most likely depend on life opportunities over there.
French Guinea, New Caledonie, New Zeland, Japan, Vietnam, Taiwan, Gabon and most other Europeans countries would also be appealing, even if less than the above countries.
The idea here is to keep your horizons open and wide, you never knows. I would likely frown at the mention of other places, but eh, maybe, why not. I am extremely happy with Quebec city however and I dunno if I would move anytime soon, I guess a job or a girl could make me move! :P
- "If I understand you well, you are telling me until next time. " - Ren
Um, declaredemer, those exemptions are available to everyone, not just the rich. And it is the way it should be. What you forget to mention is that the reason those flat taxes exist is because of double and triple taxation being frowned upon. The money you were gifted had taxes paid on it when it was earned. The money did not just appear for your grandparents. And don't forget that you will pay taxes on any growth you have made on that money. So as far as the government is concerned, your grandparents paid taxes on the basis and you will pay taxes on the growth, so 100% of the income will have had taxes paid on it. It is fair, and the way things should work.
Estate taxes. Once again, the money you used in establishing your estate was taxed when it was earned. The government is nice and does a flat tax when that estate is transfered. I do not agree with the estate tax, but that is another issue.
Capitol Gains. Only long term capitol gains have a significant break on their flat tax. Short term is considered income. This is a tax the fed got pretty much correct.
Dividends. They are given a break because the federal government wants people to invest in the stock market. But you still pay taxes on them.
Corp Taxes. Corps are given a break on taxes if they reinvest money in their business or other businesses, not if they keep it solely for themselves. This is another tax that the feds pretty much got correct, although they need to stop fudging with it.
You pay less because you choose to hoard your money. As soon as you start using it, you are paying taxes. And even if you are 30 and your relatives gift you 12,000 per year, you still cap out at 360,000 per person. So if only your parents and grandparents did this every year from birth, and you were 30, you could have at most 1.5 mil as your basis. If you think you can retire on that at twenty-something, good luck. Also, you need to check your tax code, because pretty soon you are going to top out at the maximum your grandparents and parents are going to be allowed to gift you without it becoming subject to gift tax.
Dividends. They are given a break because the federal government wants people to invest in the stock market. But you still pay taxes on them.
Hehe. I could tear you a new asshole on every issue, but I chose this one because it is so wrong.
You probably do not realize this, but dividends have nothing to do with the "stock market."
The tax on dividends are lower to reduced the "flow through taxation" from incorporation. What are you talking about is something you read in the newspaper. The reason why taxes are lower, and flat, on dividends and higher, and progressive, on income has NOTHING to do with the stock market. Good Lord, you are the poster child of the ugly, and clueless, American. The reason why dividend taxes are lower, and flat, is because it is to avoid higher taxes on the income level. It is for the purpose of business organizations, incorporation, and taxation of those entities. It has zero, nothing to do with the "stock market" - and I know you heard this on the news or some cheap, local newspaper.
A small business owner needs to select the appropriate incorporation to avoid higher taxation on the owner's entity; the "double taxation" issue is limited to those who do not properly incorporate, or reincorporate, their business entities when the income demands it.
Dividends are not double taxation. You can chose to flow through the taxes, depending on incorporation, and get hit with dividends at income level; or you can use the FLAT tax on dividends through incorporation.
DIVIDEND TAXES HAVE NOTHING, ABSOLUTELY NOTHING, TO DO WITH THE STOCK MARKET.
Edit: I am done discussing tax policies and procedures in the USA. Go to school, attend (and pay the money for) an intense graduate program.
Since you are declaring yourself the expert that doesn't want to discuss any further, so be it. Being a condescending a-hole isn't the best way to come off as an expert though, regardless of whether you are right.
Since you are declaring yourself the expert that doesn't want to discuss any further, so be it. Being a condescending a-hole isn't the best way to come off as an expert though, regardless of whether you are right.
It is impossible for me to discuss dividends with you when you are clueless.
Imagine having a conversation with a person who says, "Michael Jordan is the greatest golfer in the world; I saw him at a Pebble Beach course - he rocks."
You say, "oh, ya, ... OK."
Edit: Think of dividends having more to do with business organizations, forms of incorporation, and absolutely nothing with the U.S. Legislature "encouraging investment in the stock market."
i dream to settle in one country in Middle East...i like the building style very much! i'm also still dreaming of reside in them...
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
i dream to settle in one country in Middle East...i like the building style very much! i'm also still dreaming of reside in them...
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i have what is Egypt consider as then
im half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
i dream to settle in one country in Middle East...i like the building style very much! i'm also still dreaming of reside in them...
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i have what is Egypt consider as then
im half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
Egypt is part of northern Africa. Although a small part of the country extends over asian soil and that small part could classify Egypt as a country of the middle east, the vast majority of the country's soil extends over Africa, hence why Egypt is considered a northen african country. Anyway geography aside it is a great country to visit with lots of sightseeing.
Oh mage if u understand any Greek at all, geia sou re patrioti.
i dream to settle in one country in Middle East...i like the building style very much! i'm also still dreaming of reside in them...
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i have what is Egypt consider as then
im half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
Egypt is part of northern Africa. Although a small part of the country extends over asian soil and that small part could classify Egypt as a country of the middle east, the vast majority of the country's soil extends over Africa, hence why Egypt is considered a northen african country. Anyway geography aside it is a great country to visit with lots of sightseeing.
Oh mage if u understand any Greek at all, geia sou re patrioti.
lol sorry i don't speak a word of greek
also some parts of egypt are in the medetranian sea it has a bit of everything :P lol
Santorini, Greece was a beautiful place and if I had enough money to never worry again I would definetly have a residence there.
"Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves." ~ Ronald Reagan
Comments
Japan, I'm visiting Australia this summer ^.^
yes japan is a crazy country. i also like it. but you see, i dont want be one of the crazy men.
maybe China is a good country to visit...there are many famous places i have know and want to visit when i could get the holiday
Canada, still thee best choice for settling down.. Peaceful and Beautiful Country
To Visit, Italy, China, Japan, India, Egypt, Isreal, Southkorea, Iran-Irak (depending on where the good old babylonian and persian ruins are)
To settle down: The Moon, Japan
New Zealand, Austria, or the state i grew up in, Arizona.
Playing: EVE Online
Favorite MMOs: WoW, SWG Pre-cu, Lineage 2, UO, EQ, EVE online
Looking forward to: Archeage, Kingdom Under Fire 2
KUF2's Official Website - http://www.kufii.com/ENG/ -
Why do people actually believe this? You do realize that "the rich" pay taxes in excess of what most middle class actually have as income? For some reason people have been brainwashed into thinking that "the rich" get some special system which lowers their taxes below what they are paying, when nothing could be further from the truth.
Why do people actually believe this? You do realize that "the rich" pay taxes in excess of what most middle class actually have as income? For some reason people have been brainwashed into thinking that "the rich" get some special system which lowers their taxes below what they are paying, when nothing could be further from the truth.
Because it is the truth.
I might regret this, but let me tell you about me:
*EDIT: I can go to work any time I want. I do not have a fixed schedule. I am working because I want to and needed the accounting and tax "experience." I work, directly, with the firm's partners, and I interface with them every time I decide to go to work with questions. It is really an excellent education that they pay me for.
If you are OK with people like me paying LESS and you PAYING more, you deserve 1) high food prices and 2) an inability to pay taxes.
Most of MY taxes are easily deferrable. I am in my twenties and could retire today if I wanted to because of how much money my grandparents and parents have given me.
How did they give me so much money?
Gifts. Legal gifts allow them to give me FREE money, non-taxable, each and every year. I did not have to report it as taxable income.
I probably should not share this information, about myself, but yes - we have advantages that YOU will never have and probably will never know about.
In no precise order: USA, France, Sweden, Lithuanie, Turkey, Canada except Ontario(french hatred over there, I run out of patience with them "Lindros-syndrom"), Russia, South Korea, Singapoure would mostly be of interest to visit/settle down. I guess it would most likely depend on life opportunities over there.
French Guinea, New Caledonie, New Zeland, Japan, Vietnam, Taiwan, Gabon and most other Europeans countries would also be appealing, even if less than the above countries.
The idea here is to keep your horizons open and wide, you never knows. I would likely frown at the mention of other places, but eh, maybe, why not. I am extremely happy with Quebec city however and I dunno if I would move anytime soon, I guess a job or a girl could make me move! :P
- "If I understand you well, you are telling me until next time. " - Ren
Scotland, Hong-Kong, New Zealand, Japan, Amsterdam, Sweden, Switzerland.
Those come to mind, but of course there are more.
Estonia, don't know what is there but I like the name
And Macedonia, again cool name
Who wants to settle down anyway.
Seems I like countries with -onia at the end
Don't you worry little buddy. You're dealing with a man of honor. However, honor requires a higher percentage of profit
Um, declaredemer, those exemptions are available to everyone, not just the rich. And it is the way it should be. What you forget to mention is that the reason those flat taxes exist is because of double and triple taxation being frowned upon. The money you were gifted had taxes paid on it when it was earned. The money did not just appear for your grandparents. And don't forget that you will pay taxes on any growth you have made on that money. So as far as the government is concerned, your grandparents paid taxes on the basis and you will pay taxes on the growth, so 100% of the income will have had taxes paid on it. It is fair, and the way things should work.
Estate taxes. Once again, the money you used in establishing your estate was taxed when it was earned. The government is nice and does a flat tax when that estate is transfered. I do not agree with the estate tax, but that is another issue.
Capitol Gains. Only long term capitol gains have a significant break on their flat tax. Short term is considered income. This is a tax the fed got pretty much correct.
Dividends. They are given a break because the federal government wants people to invest in the stock market. But you still pay taxes on them.
Corp Taxes. Corps are given a break on taxes if they reinvest money in their business or other businesses, not if they keep it solely for themselves. This is another tax that the feds pretty much got correct, although they need to stop fudging with it.
You pay less because you choose to hoard your money. As soon as you start using it, you are paying taxes. And even if you are 30 and your relatives gift you 12,000 per year, you still cap out at 360,000 per person. So if only your parents and grandparents did this every year from birth, and you were 30, you could have at most 1.5 mil as your basis. If you think you can retire on that at twenty-something, good luck. Also, you need to check your tax code, because pretty soon you are going to top out at the maximum your grandparents and parents are going to be allowed to gift you without it becoming subject to gift tax.
Japan or Korea
Hehe. I could tear you a new asshole on every issue, but I chose this one because it is so wrong.
You probably do not realize this, but dividends have nothing to do with the "stock market."
The tax on dividends are lower to reduced the "flow through taxation" from incorporation. What are you talking about is something you read in the newspaper. The reason why taxes are lower, and flat, on dividends and higher, and progressive, on income has NOTHING to do with the stock market. Good Lord, you are the poster child of the ugly, and clueless, American. The reason why dividend taxes are lower, and flat, is because it is to avoid higher taxes on the income level. It is for the purpose of business organizations, incorporation, and taxation of those entities. It has zero, nothing to do with the "stock market" - and I know you heard this on the news or some cheap, local newspaper.
A small business owner needs to select the appropriate incorporation to avoid higher taxation on the owner's entity; the "double taxation" issue is limited to those who do not properly incorporate, or reincorporate, their business entities when the income demands it.
Dividends are not double taxation. You can chose to flow through the taxes, depending on incorporation, and get hit with dividends at income level; or you can use the FLAT tax on dividends through incorporation.
DIVIDEND TAXES HAVE NOTHING, ABSOLUTELY NOTHING, TO DO WITH THE STOCK MARKET.
Edit: I am done discussing tax policies and procedures in the USA. Go to school, attend (and pay the money for) an intense graduate program.
Since you are declaring yourself the expert that doesn't want to discuss any further, so be it. Being a condescending a-hole isn't the best way to come off as an expert though, regardless of whether you are right.
It is impossible for me to discuss dividends with you when you are clueless.
Imagine having a conversation with a person who says, "Michael Jordan is the greatest golfer in the world; I saw him at a Pebble Beach course - he rocks."
You say, "oh, ya, ... OK."
Edit: Think of dividends having more to do with business organizations, forms of incorporation, and absolutely nothing with the U.S. Legislature "encouraging investment in the stock market."
i dream to settle in one country in Middle East...i like the building style very much! i'm also still dreaming of reside in them...
egypt ,lebanon and dubai are the only middle eastern countries worth living in
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i haveim half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i haveim half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
Egypt is part of northern Africa. Although a small part of the country extends over asian soil and that small part could classify Egypt as a country of the middle east, the vast majority of the country's soil extends over Africa, hence why Egypt is considered a northen african country. Anyway geography aside it is a great country to visit with lots of sightseeing.Oh mage if u understand any Greek at all, geia sou re patrioti.
Abu Dhabi is the capital of UAE. Dubai is like...the economic and tourist centre of UAE.
egypt ,lebanon and dubai are the only middle eastern countries worth living in
Egypt is not part of the middle east, dubai is not a country (it is either an emirate in the United Arabic Emirates country, or that emirates "capital") and Lebanon gets bombed by the Israelis every 10 or so yrs so its not worth living in (unless u want to rebuild your house every 10 yrs along with the rest of the country). All three of those are great destinations to at least visit. Dunno how well u can adjust to their lifestyle in order to settle down though.
shows how little knowledge i haveim half Egyptian myself (the rest is Greek and Turkish)
My family in Egypt are pretty wealthy so life in Egypt is great if you have money. if not ot can be pretty hard
Egypt is part of northern Africa. Although a small part of the country extends over asian soil and that small part could classify Egypt as a country of the middle east, the vast majority of the country's soil extends over Africa, hence why Egypt is considered a northen african country. Anyway geography aside it is a great country to visit with lots of sightseeing.Oh mage if u understand any Greek at all, geia sou re patrioti.
lol sorry i don't speak a word of greekalso some parts of egypt are in the medetranian sea
it has a bit of everything :P lol
Santorini, Greece was a beautiful place and if I had enough money to never worry again I would definetly have a residence there.
"Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves." ~ Ronald Reagan
Ireland, Germany, Italy, and England in that order for me.
Played: WoW
Tried: GW, CoH, Eve, AA, WW2Online
Playing: Nothing.