Now that the IRS took all my boat "cool mods" money away...

JV II said:
You all think you "only" give up 33% of your income to taxes? Smarten up. Add in the SS, Medicare, state, and local taxes, then your excise tax, property tax, and sales tax. You are well above 50%. You pay as much as the Swiss, but get only a fraction of the services. You're kids going to college for free? Sorry to hear you think that you only pay 33%.
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Sorry, I meant income tax. No, trust me when I tell you I have a firm grip on where my money goes. I handle other people's money for a living, and I work a lot harder for me than I do for them. But at least the local taxes that we pay result in services that we can actually use. Any dollar sent to the IRS that isn't spent on the military provides nothing for my family. They just f'n piss it all away. So no reason to be sorry, my eyes are wide open.

One of my kids has a reasonably good chance of going to college for free, but that's because of his hard work and not the gobermint.
 
I'm working on forgetting all this.. and I go and read this thread... :smt021
chillaxin.jpg
 
JV II said:
You all think you "only" give up 33% of your income to taxes? Smarten up. Add in the SS, Medicare, state, and local taxes, then your excise tax, property tax, and sales tax. You are well above 50%. You pay as much as the Swiss, but get only a fraction of the services. You're kids going to college for free? Sorry to hear you think that you only pay 33%.
Click to expand...

33% -- wouldn't that be nice.
.
 
sfergson727 said:
Don't worry, between the Bush tax cuts expiring at the end of the year, and the VAT tax, and Healthcare tax, and Govnt motors tax, and a new 15 cent gas tax that they are talking about today......We'll be paying far more than 33 percent next year.

I wish we could repeal Obama.

Oh, I forgot about Cap and Trade, that'll increase the cost of everything, so it's essentially a tax too.
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Yup, it ain't going to get any better soon. Actually, I would prefer a VAT to an income tax any day, if properly administered - which of course it wouldn't be. Course they're going to just bend the American taxpayer over the table and do both. Plus 10 years of healthcare tax to pay for 7 years of service. :smt021
$0.15 tax? I read an article that suggests adding $.50 to the tax each year until consumption is sharply reduced. And since the laws of supply and demand no longer apply to gas, the price will stay high even after demand crumbles regardless of the supply.:smt021:smt021:smt021:smt021:smt013:smt013:smt013:smt021:smt021:smt021
 
and after a couple more Coronas... I'm off to the marina in my only probable govn't handout... (state credit expired at the end of '09 but I believe federal credit is still available)

EV.jpg
 
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We should all be angrier than hornets. I wouldn't mind continuing to pay more than 50% as long as I got the equivalent value in services and representation. I'm not.
 
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Just received this from the company brass, what do you suppose it is leading up to? :smt013


Employers will be required to report the value of each associate’s health benefits on the 2011 Form W-2. This will not affect your taxable income
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:smt100
 
Pseudomind said:
Just received this from the company brass, what do you suppose it is leading up to? :smt013

:smt100
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I'm going to guess that big brother will be taking all of a person's benefits into consideration as total compensation and then tax us accordingly.

Welcome to the U.S.S.A.
.
 
kpetry said:
More and more "Takers" and fewer and fewer "Makers"! I too sent off "two jetskis" - that stung!
Our tremendous debt, higher taxes to come to fund that debt, and so many people with an entitlement mentality.... I've always been an optimist, but I don't see any good way forward.
I'm afraid it will be a long time until America sees anything like the prosperity we have enjoyed in the last few years, if ever.
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How that's scary :grin:
 
kpetry said:
More and more "Takers" and fewer and fewer "Makers"!and so many people with an entitlement mentality.... I've always been an optimist, but I don't see any good way forward.
I'm afraid it will be a long time until America sees anything like the prosperity we have enjoyed in the last few years, if ever.
Click to expand...

I just saw this in my local paper.

A+AAloser-winner.jpg
 
Probably subtract what you pay from 3000.00 then add the differance to what you have to pay on 5-15-11
 
Totally fed up with this situation and when my money guy told me what my tax bill was....Praise the Lord that I am helping the Navajo Nation with internet service for a couple weeks anyway.

Crazy though, I am in the defense business and our military radio guys start doing some homework (yes they are working so happy days). Anyway Obama and his RUS--Rural Utility Service http://www.usda.gov/rus/ is like a dream come true for some. There is some serious coinage in stimulus funding for this and the funds have to be spent soon. Glad the Arapajos, Navajos, Lemmings, and all the rural Texas cowboys want to use the internet. The Govt is giving them grants in the billions for this. Here is the start of the contract language right out of their playbook>>>>

RUS is willing to extend financial assistance, in the form of a loan and grant to the Awardee, pursuant to the American Recovery and Reinvestment Act of 2009, Pub. L. 111-5, 123 Stat. 115 (2009) (the “Recovery Act,” the Notice of Funds Availability published at 74 Fed. Reg. 33104 and Title VI of the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.), and all applicable federal regulations, on the terms and conditions stated herein....amen

Still torqued on this whole Obammunism program so I asked attorney know-it-all to get me some info on the USVI. He speaketh the following:

One idea -

Relocate to the US Virgin Islands, St. Thomas, St. Croix, St. John.

This is considered "near offshore". This is part of the United States so there is no dual citizenship or other issues. You can move your money back and forth freely.

Spend at least 183 days a year there.

No state income tax.

No sales tax.

No state inheritance tax.

Duty free shopping everywhere.

English speaking. US Dollar is the currency of course.

Large international airports on St Croix and St. Thomas FBOs and hangers for private aircraft. Fuel is relatively cheap on St. Croix thanks to the large refinery located there.

The entire Territory is a HUB zone and also considered rural for USDA development support purposes.

Strong international banking support.

Easy hop to all of the Islands of the Caribbean - for example one hour to St Lucia by charter or private airplane.

Very low real estate taxes, but insurance is high due to hurricane threat.

Excellent boating and fishing opportunities with the BVI within sight. Lots of boat repair resources and docking.

No winter.

If you live on St. Croix there is an excellent Robert Trent Jones golf course. On St. Thomas there is Mahogany Run. If that gets boring there are many excellent courses on other Islands.

Create or invest in local companies which qualify for special tax treatment under the Economic Development Authority Program - locals enjoy a 90% waiver of all Federal income taxes. In other words, a $1 million profit is taxed at about 4% ($40,000) instead of 40% ($400,000), and you can take or spend the money anywhere because it is already in the United States.

Due to recession there are phenomenal opportunities to buy high end residential properties at deep discounts. Or you can buy some fantastic undeveloped properties and build your own residence.

There are many excellent physicians and my wife, a retired OB GYN, believes the St. Croix hospital is perfectly adequate for the usual issues. If more high powered medical intervention is required an annual medical jet transport insurance policy costs less than $1,000 for a family.

To make the case for bona fide residency you would have to declare your USVI residency with the IRS, need to buy or rent (long term) a home, actually live there (or at least be on one of the US Virgin Islands or your boat) for 183 days a year, register to vote, get your driver's license, pay your taxes there.

I live on St. Croix so if this is of any interest I can give you the long version.


183d-- don't want to do that. Rather simulate 183d in FL and do the no state tax stuff, but this put a company in USVI and only get taxed 4%--nice.
 
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