Mitt Romney pays a paltry 15% in taxes, how about you?

It should be in real big letters at the pump that the government has you by the balls.DaBrainz

[QUOTE="Engrish_Major"][QUOTE="EmpCom"] But he is ginger thus untrustworthyJandurin

I have found that the more rectangular the state, the better the roads.shakmaster13

Since i was unemployed this last year and was on state benefits for it i owe the irs about $3000 in taxes this year. Let that sink in, i don't have a job, i don't have any money coming consistently in but i owe the irs 3 grand because i can't find a job in this super awesome economy. luckily i got enough to cover that but it's a little ridiculous when you look at it like that.

z4twenny

[QUOTE="z4twenny"]

Since i was unemployed this last year and was on state benefits for it i owe the irs about $3000 in taxes this year. Let that sink in, i don't have a job, i don't have any money coming consistently in but i owe the irs 3 grand because i can't find a job in this super awesome economy. luckily i got enough to cover that but it's a little ridiculous when you look at it like that.

Jandurin

[QUOTE="ColdExistence"]

I do like the idea of a government that acts exactly like a corporation. You could pay them for the services you are interested in, and skip out on all the ones you don't want. But too bad everybody is so damn greedy and tries to find more ways to screw people out of their money.

Jandurin

why not just pay him less benefits and take the taxes out automagically.. seems overly complicated to pay him more then demand some of it back.

comp_atkins

And I don't think the Department of Education is too effective. Something needs to be done about that. Don't know what.

ColdExistence

[QUOTE="sonicare"][QUOTE="EmpCom"]only fools the low and middle classes pay the correct taxesEmpCom

[QUOTE="ColdExistence"]

And I don't think the Department of Education is too effective. Something needs to be done about that. Don't know what.

Jandurin

We should probably ask the 1337 azn countries for advice on how to improve our education. lol ColdExistence

[QUOTE="Jandurin"][QUOTE="ColdExistence"]

And I don't think the Department of Education is too effective. Something needs to be done about that. Don't know what.

ColdExistence

Because he gets most of his income from investments.

30% is around the rate I pay, all told. Like surreal I blame the system for needing so much, not the man who gets a lower rate than me.

[QUOTE="ColdExistence"]We should probably ask the 1337 azn countries for advice on how to improve our education. lol Jandurin

I dont know how you get that out of my post. I said earlier that investing in the market can be incredibly risky. In order to make money in the market, you need to be fairly knowledgeable. The incentive to invest is the low tax rate on your returns. The downside to invest is the risk. sonicare

Risk isn't a "downside" to investing, any asset imaginable carries risk, even cash.

[QUOTE="sonicare"] I dont know how you get that out of my post. I said earlier that investing in the market can be incredibly risky. In order to make money in the market, you need to be fairly knowledgeable. The incentive to invest is the low tax rate on your returns. The downside to invest is the risk. superfluidity

Risk isn't a "downside" to investing, any asset imaginable carries risk, even cash.

Risk isn't a "downside" to investing, any asset imaginable carries risk, even cash.

superfluidity

Risk is absolutely a downside in investing.

Risk isn't a "downside" to investing

superfluidity

[QUOTE="superfluidity"]

Risk isn't a "downside" to investing

Jandurin

[QUOTE="superfluidity"]

Risk isn't a "downside" to investing, any asset imaginable carries risk, even cash.

airshocker

Risk is absolutely a downside in investing.

Risk and potential reward are fundamentally related.

[QUOTE="airshocker"]

[QUOTE="superfluidity"]

Risk isn't a "downside" to investing, any asset imaginable carries risk, even cash.

superfluidity

Risk is absolutely a downside in investing.

Risk and potential reward are fundamentally related.

[QUOTE="superfluidity"]

[QUOTE="airshocker"]

Risk is absolutely a downside in investing.

ColdExistence

Risk and potential reward are fundamentally related.

Of course, but that doesn't make risk inherently "bad". It's an aspect of any investment that determines how extreme one's return or loss can be.

Of course, but that doesn't make risk inherently "bad". It's an aspect of any investment that determines how extreme one's return or loss can be.

superfluidity

Risk and potential reward are fundamentally related.

superfluidity

How the fvck does that change the fact that you are absolutely incorrect in saying risk isn't a downside to investing?

[QUOTE="ColdExistence"][QUOTE="superfluidity"]

Risk and potential reward are fundamentally related.

superfluidity

Of course, but that doesn't make risk inherently "bad". It's an aspect of any investment that determines how extreme one's return or loss can be.

Risk is a bad thing in the market. If there was minimal risk and a substantial amount to gain, that would be a good thing. Minimizing risk and maximizing gain is what everyone desires. Risk can be in indicator of how much there is to gain, but that doesn't make it a good thing. The gain is what the "good thing" is, not the risk.

Are you really this stupid?

How the fvckairshocker

I like this method. It makes me feel like we are debating in ancient Rome.Engrish_Major

I can't take full credit, I stole it from coolbeans.

[QUOTE="superfluidity"]

Risk and potential reward are fundamentally related.

airshocker

How the fvck does that change the fact that you are absolutely incorrect in saying risk isn't a downside to investing?

Because it isn't. If very risky investments didn't exist, very high return investments wouldn't either.

Because it isn't. If very risky investments didn't exist, very high return investments wouldn't either.

superfluidity

That's not the point. You said risk isn't a downside in investing. It absolutely is. It prevents many people from getting into the stock market.

[QUOTE="superfluidity"]

Because it isn't. If very risky investments didn't exist, very high return investments wouldn't either.

airshocker

That's not the point. You said risk isn't a downside in investing. It absolutely is. It prevents many people from getting into the stock market.

I like to invest in things that have little gain but high risk. You know, since risk is good and all.

[QUOTE="superfluidity"]

Because it isn't. If very risky investments didn't exist, very high return investments wouldn't either.

airshocker

That's not the point. You said risk isn't a downside in investing. It absolutely is. It prevents many people from getting into the stock market.

Because they have a low tolerance for risk. That doesn't make risk bad, it means they can't sustain potentially large losses, but they will therefore have no potential for large gains.

[QUOTE="Engrish_Major"]I like this method. It makes me feel like we are debating in ancient Rome.airshocker

I can't take full credit, I stole it from coolbeans.

This is why I support SOPA.

[QUOTE="airshocker"]

[QUOTE="Engrish_Major"]I like this method. It makes me feel like we are debating in ancient Rome.coolbeans90

I can't take full credit, I stole it from coolbeans.

This is why I support SOPA.

[QUOTE="z4twenny"]

Since i was unemployed this last year and was on state benefits for it i owe the irs about $3000 in taxes this year. Let that sink in, i don't have a job, i don't have any money coming consistently in but i owe the irs 3 grand because i can't find a job in this super awesome economy. luckily i got enough to cover that but it's a little ridiculous when you look at it like that.

Jandurin

i'm not really angry, i just think it's a bit ridiculous. like i said, i have the money to pay, i knew i was going to have to pay it, it's better than not having any of the funding. the really rotten part is that there are people out there in my position but don't have the money to cover their taxes, those are the people this isn't helping.

Because they have a low tolerance for risk. That doesn't make risk bad, it means they can't sustain potentially large losses, but they will therefore have no potential for large gains.

superfluidity

Or you have an ass-backwards view on "risk". Risk, by almost everybody who invests, is bad. So we try and minimize risk.

This is why I support SOPA.

coolbeans90

But I gave you all the credit! YOU MONSTER!

Risk is a bad thing in the market. If there was minimal risk and a substantial amount to gain, that would be a good thing. Minimizing risk and maximizing gain is what everyone desires. Risk can be in indicator of how much there is to gain, but that doesn't make it a good thing. The gain is what the "good thing" is, not the risk.

Are you really this stupid?

SpartanMSU

Since you're insulting me, I'll just point out that this statement shows you clearly understand little about investing.

Risk literally determines how much there is to gain or lose. As a basic example, a corporate bond pays more interest than a government bond, because there is a higher risk that a corporation will default than the government.

If it weren't for that higher risk of default, that higher rate of return would simply not exist.

Thus, risk isn't bad, it's a factor that determines the potential for gain and loss.

[QUOTE="coolbeans90"]

This is why I support SOPA.

airshocker

But I gave you all the credit! YOU MONSTER!

Hey, bro, I just downloaded the entire discography of this AWESOME BAND!!! I didn't make the music tho. Giving credit where it's due.

I want my compensation!!

Stop online piracy; stop job killing.

Stop online piracy; stop job killing.

coolbeans90

Or you have an ass-backwards view on "risk". Risk, by almost everybody who invests, is bad. So we try and minimize risk.

airshocker

Minimizing risk would also minimize potential for return and loss. That's an investment strategy that is focused on wealth preservation. This is not the only type of investment strategy that exists.

I'm taking an advanced tax class right now. Lets just say that government is governments own worst enemy when it comes to tax revenue. They will implement a new tax then give exemptions, credts and deductions for 90% of the people who would have to pay it. Then one of those 10% would find a way to get one of those exemptions, credits and deductions which would cause the lawmakers to react and add even more rules and regulations which cause new problems. And to fix those new problems they implement an Alternative Minimum Tax which adds a whole new layer of "what in the world am i looking at?" Its an endless cycle and it demonstrates exactly why government is so inefficient.

One minute liberals and so-called conservatives are upset that rich people aren't paying any taxes, then they go ahead and vote for some scummy politician who gives those same rich people tax credits and loopholes in the tax code so they don't have to pay those taxes. Seriously, people. If you want tax reform stop voting for people like Mitt Romney, Newt Gingrich, John McCain, Barrack Obama, Joe Biden, John Edwards, Hillary Clinton, etc, etc, etc.......the list goes on and on.

In my opinion there should be tariffs on Imports and possibly taxes on the states. Nothing else.

still too much, i pay well into the 40's including state and local, and i am not going to hate a man because he pays a lower amount, i will hate the state for asking for so much though. surrealnumber5

Hey, bro, I just downloaded the entire discography of this AWESOME BAND!!! I didn't make the music tho. Giving credit where it's due.

I want my compensation!!

Stop online piracy; stop job killing.

coolbeans90

Lol. Coolbeans is the new figurehead for SOPA.

Minimizing risk would also minimize potential for return and loss. That's an investment strategy that is focused on wealth preservation. This is not the only type of investment strategy that exists.

superfluidity

I disagree, there are many ways to minimize risk without taking a loss on returns.

None of this changes the fact that risk is still a downside to investing.

[QUOTE="shakmaster13"]I have found that the more rectangular the state, the better the roads.Jandurin

I live in Silver Spring and the roads here are downright ****

shakmaster13

[QUOTE="shakmaster13"]

I live in Silver Spring and the roads here are downright ****

Jandurin

I kinda like Silver Springs tho.