ThunderBalls

You're clueless about deductions or simply a liar, my guess is the latter.

L-Pink

That's why the Stones and most British entertainment stars became tax exiles.

"During the early 1970s The Rolling Stones became tax exiles. Their experience inspired the title to their famous album Exile on Main St. According to a 2006 article in the Daily Mail, "The Rolling Stones have paid just 1.6 per cent tax on their earnings of £242 million over the past 20 years."


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dyna mo

They were also getting took from their business men for the remaining 10% and were flat broke. Jagger was a pretty smart guy, London School of Economics educated and made a lot more changes to their business as the greatest rock & roll band in the world than just becoming exiles.

Or they could have just not worked as much doing what they love to do, which was my point. "If you love what you do..." is the expression.

mineistaken

Nice IMG.
Progressive scale is a plague for quality society.
Lets take a normal person with 50.000$, at 25% he pays 12.500$

Now imagine that person decides that he wants to work harder/smarter and starts earning 200.000$. Even with 25% he would be paying 50.000$ (meaning he would be already contributing 4 TIMES more in taxes). Society should be thankful that he started earning more and contributing more in taxes. But NO, society is not thankful, but even punish him more by making him pay 33% instead of 25%.

I do not understand how any quality society member can be ok with that. You should encourage people to earn more, not punish for that.

CarlosTheGaucho

I've always found progressive taxation utterly stupid. I can imagine giving a tax break to someone who's just about making the ends meet or someone who just started business, but to tax more those who make more?

I'd be very curious what the government revenues from direct taxation would be with a flat tax rate scenario.

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dyna mo

This goes right to the point I've been alluding. If you're doing what you do just for the paycheck, doing it more successfully is not a rosey picture, looking at it strictly by the taxes paid.

As hard as it is to do, that's why it's important to find and do what it is you love to do and reap the intrinsic rewards.

I'd wager very few people like paying taxes or what those tax dollars go to, regardless of which bracket they're in.

L-Pink

Not just a flat tax. But a flat tax combined with some sort of national sales/consumption tax to generate income from those that are working off the books. Down here in Florida I run into more self employed people working for cash than not.

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Minte

Funny that most of those people who like paying taxes are here on GFY.. I know for sure they like for ME to pay more taxes.

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arock10

I give up

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dyna mo

less fountain, more taxes.

Due

You are from Denmark I guess? Me too.
I moved out because of the high taxes and yearly tax audits.Best thing I ever did. The irs is still writing to me once per year with some tax estimates

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Grapesoda

thank you for that.... this is why I'm working on retail based ventures now and not single man shops like content production... working 80 hours a week I never broke 750K... to much work... and the expenses are too high ....




in fact might have something you would be interested in... if you like wine... myself and some guys are starting a wine company with some unique aspects .. 123 at 456 dot bz.. in the process of getting my ABC permit here in Cally

Grapesoda

you and harmon, people that continually fail never accept that others can achieve

Markul

Yep. It's fucked. The IRS are now all mighty in this country, they can enter your property with no warrant. Freeze your accounts if they think you are tax evading. Go back more than 10 years and ask for documentation for every little thing they want. It's NUTS! Top that off with zero accountability on their end, if they make a mistake, it's your own problem to spot and fix. You have 2-6 week to spot it. If you make a mistake, it's your problem - even if you made it 15 years ago.

mineistaken

Hey, they need to collect as much as possible in order to give it away for immigrant muslim leechers.

Minte

But you do have free healthcare.. right?

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ThunderBalls

Keep telling these kids you spend 2k on an accountant and pay 50% in taxes.

You should change your name to Joe the Plumber, you both bitch about paying taxes on businesses that only exist in your head.

Markul

Yea sure. But so does a ton of other EU countries where the quality is better and the taxes lower.

Now this country is full of wanna bee commies that doesn't much like to work and they sure don't like people that has more than themselves.