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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (358521)	11/14/2007 4:12:30 PM
From: TopCat	Read Replies (2) \| Respond to of 1572919

"I had a big capital gains last year......my accountant was surprised I wanted to play it straight when determining the taxes on it." What does "play it straight" in this context mean to you?

To: tejek who wrote (358521)	11/14/2007 4:19:22 PM
From: longnshort	Read Replies (1) \| Respond to of 1572919

"I had a big capital gains last year......my accountant was surprised I wanted to play it straight when determining the taxes on it. " is your accountant a crook??? you know there is no accountant/client privilege anymore. If he's that crooked he'll probably turn you in to the IRS for the bounty. Man you libs are stupid.

To: tejek who wrote (358521)	11/14/2007 5:32:16 PM
From: Brumar89	Read Replies (1) \| Respond to of 1572919

What did he propose for you to do re. your capital gain - hide it somehow, misreport the status?

To: tejek who wrote (358521)	11/15/2007 4:59:35 AM
From: Elroy	Read Replies (1) \| Respond to of 1572919

If he makes $340k and his state and federal tax rate combined is ~40%, he pays ~$136,000 in taxes EVERY YEAR (before deductions). That's not a "fair share"? How much should he pay, per year, in your mind? How many people do you think pay that $136,000, assuming that's a real number? Of course people making $340k probably pay less than $136k due to deductions. But the point I was responding to was about the rich carrying their "fair" burden, not about how deductions distort that burden. If one wants to argue for reducing various deductions, that's fine, but that's a different conversation than what's "fair" for the wealthy to pay in taxes. Before deductions a person making $340k per year owes about $136k per year in tax. That seems quite a healthy contribution to the USA if you ask me.