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Actually, if you don't think your withholding will cover your tax bill, you should pay quarterly if you are self employed, you would pay quarterly taxes. You would also try to cover your anticipated capital gains tax.
And the last time you filled out a schedule d is?
Quarterly is not the way to go on capital gains. It is the way of self employed white collar.
Yeah you continually claim that BS over and over but the fact remains most sane people consider it double taxation when the government
1) takes two cuts of the same pool of money
2) and there is only one exchange of value
Look, I realize you want the government to get as much money from people as possible
I realize you think its fine for one million dollars of profit to be taxed at 350,000 dollars at the corporate level and then taxed another 40% at the dividend level meaning that the government takes 600,000 or more from that One million
I also realize you think its wonderful that someone who has saved all their lives with investments in the stock market who retire with a dividend income of one million a year will have their taxes go from 150K at the federal level to 300K
but claiming you have educated me on this is idiotic. when you start paying the amount of taxes I do then you might have somewhat near the same education I do on this subject
A self proclaimed "attorney" should know the difference between a corporation and a human person - each a different person with different and separate legal obligations including taxation.
translation-the government deserves more than 60% of a corporation's profit-its owners only deserve 40%
and you continually fail to understand that there is no proper taxable exchange yet the government taxes the money twice
I will tell the tax attorney and CPA that handle that stuff for me and my wife that some guy on a message board who most likely is not anywhere near the top 1 percent has a better suggestion on what we ought to do
Oh, yeah, that's complete and utter Conservative bullsht as you only pay capital gains tax on profit, not the money invested. Seems our Converative friends are unclear of the meaning of the word, "gains ".
First off, the money invested, if was derived from a wage of some kind it was absolutely taxed...Second, taxes here, taxes there, tax on everything you do, including in the case of carbon taxation, including breathing, that investment that you libs seem to turn your nose up at, which funds investment in innovation, in start ups, in jobs....well, bye bye to that eh....But that's ok, cuz the gubment will be there to give us all welfare right?
I wonder what the vig on that will be? Other than our soul.
j-mac
translation-the government deserves more than 60% of a corporation's profit-its owners only deserve 40%
and you continually fail to understand that there is no proper taxable exchange yet the government taxes the money twice
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.
First off, the money invested, if was derived from a wage of some kind it was absolutely taxed...Second, taxes here, taxes there, tax on everything you do, including in the case of carbon taxation, including breathing, that investment that you libs seem to turn your nose up at, which funds investment in innovation, in start ups, in jobs....well, bye bye to that eh....But that's ok, cuz the gubment will be there to give us all welfare right?
I wonder what the vig on that will be? Other than our soul.
j-mac
Translation - your claim of double taxation is based on your own self imposed belief system as a warrior of the far right and has no legal basis in reality.
But then you knew that.
Clue for you Turtle - the same money is taxed over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over.
But each time it changes owners. So it does not make it 29 times taxation or 276 times taxation or 673 times taxation. Just once. You see, each time it changes owners, it becomes the responsibility of that new owner to pay tax upon it. We call that reality.
Translation - your claim of double taxation is based on your own self imposed belief system as a warrior of the far right and has no legal basis in reality.
But each time it changes owners.
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.
Capital gains are not taxed twice, and you know that. Please admit this and stop being dishonest.
Ain't you a Yale educated attorney who not only climb Mt Everest but also taught Pele futboll?
Capital gains are a whole different monster. They are even taxed at a different rate.
You ole silly...gramps payed taxes on the dough before he sit up TD,s trust fund.:mrgreen:
another stupid post which seems to ooze envy. I have never said capital gains are taxed twice
Dividends are
No,no envy. I am just sick of people throwing out that taxed twice bull**** as a blanket statement. I know how dividends are taxed, I am not stupid, td.
No,no envy. I am just sick of people throwing out that taxed twice bull**** as a blanket statement. I know how dividends are taxed, I am not stupid, td.
No, he did manage his 401k poorly;
People who have large amounts of investment income write quarterly checks based on a predicted income for that year
If you take a risk and invest your money into stocks and make money I don't expect to get some of it, but that is apparentlyt he difference between me and you. Further stock losses are limited and by increasing taxes on risk taking you are going to discourage investment but I am sure someone like you doesn't understand that
Sorry but I don't buy that line about higher taxes reducing investment either. People play the stock market to make money and that won't change with higher taxes. Bsdes the taxes are not on "risk" they are only paid on PROFITS.
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