Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (213866)	1/11/2003 10:04:09 AM
From: DebtBomb	Read Replies (2) \| Respond to of 436258

fleck is on fox now

To: orkrious who wrote (213866)	1/11/2003 11:30:56 AM
From: mishedlo	Respond to of 436258

Taxes latimes.com Do you pay taxes on where you live, where you work, where the business is or wht? Are there special rules for Califorinia that somehow they can enforce that other states do not? How does this work? I am incorporated in Illinois. If I get a contract in California, I would assume the money goes to the Illinios coorporation, out of which I pay my salary and as my home base is Illinois, Illinois taxes. There are no California hooks that could get around this are there? What about a person living in California but maintaining his legal residence in say Arizona. Who does he pay taxes to? I have no doubts that some top people are going to eventually try and avoid CA taxes. 11% is nuts. The federal govt takes 35%, the state takes 11%, then you have sales taxes taking 7% on what you buy, and property taxes of 3-4%. Am I missing something here. Yes. Social Security tax of 6.5% for most people but this drops to zero at the cutoff. Let's add that up. OOPs I am forgetting about city state and local taxes if any, as well as additional gasoline taxes. What else? Have they figured out how to tax the air we breathe yet? 35+11+7+4+6 What do we have. Is this correct? Up to 66% of money we make goes for taxes (if we spend it all). Even if I am off by 10% is this nuts or what? Half our $ goes to taxes and the states and federal goverment are running massive deficits. Something has to give? What is it? M