You didn't build that

[randolph]

Originally Posted by tonywaits

So he only paid 15% on taxes, but donated 30% of his income to charity, and that's not enough. I guess you think it should all go to the government so it can be redistributed to the lazy, instead of the needy.

He did not claim all his donations on his tax form to keep his rate above 13%, which triggers some kind of audit.

[tonywaits]

Originally Posted by randolph

He did not claim all his donations on his tax form to keep his rate above 13%, which triggers some kind of audit.

Perfectly legal, but do realize earned income and capital gains are taxed differently.

[GRH]

Originally Posted by tonywaits

Perfectly legal, but do realize earned income and capital gains are taxed differently.

THIS is one of the fundamental questions that must be addressed in any conversation about "equitable" treatment under the tax code. The rich hoot and holler about the "atrocious" marginal income tax rates; nevermind that the bulk of their income flows from investment gains which are taxed at much lower rates.

[tonywaits]

Originally Posted by GRH

THIS is one of the fundamental questions that must be addressed in any conversation about "equitable" treatment under the tax code. The rich hoot and holler about the "atrocious" marginal income tax rates; nevermind that the bulk of their income flows from investment gains which are taxed at much lower rates.

So you blame the rich for the tax codes that were made by politicians and apply to everyone.

[randolph]

Originally Posted by tonywaits

So you blame the rich for the tax codes that were made by politicians and apply to everyone.

That is probably the most naive statement I have seen in a long time.

[tonywaits]

Originally Posted by randolph

That is probably the most naive statement I have seen in a long time.

Your funny

[spandexm]

One of the biggest problems with taxes is that there are over 73,000 pages to learn and even the IRS does not understand the laws or codes. Over 40% of advice the IRS gives people doing their taxes is wrong.