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  #31  
Old 06-01-2012, 08:49 PM
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Location: Victoria Australia - down under!!
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Quote:
Originally Posted by PaulC View Post
Yip, just love living in Buffalo, NY.
To the member who emailed me asking what end of (the) Buffalo you will find him? I dont know the geography of (a) Buffalo that well.
We only have feral Buffalo's in Australia's North & they are not all facing south.
You would not want to try that with a feral Buffalo down here, they have huge horns.
Probably not the end you were referring to.
You could always post on here and ask .


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I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving
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  #32  
Old 06-01-2012, 09:21 PM
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Originally Posted by davidmash View Post
I am not convinced that they are paying more. So far from the ones I have heard who have stated their tax rate (Romney and Buffet) I have paid more then both of them. They may be be paying more in raw amounts but I am paying more as a percentage. I do not like my taxes going towards helping companies make more money in the form of subsidies, tax breaks and the like. I do not like the idea that GE pays no taxes and I pay .. well you get the point.
Well stated but my point concerning those two is seeing that Buffet is retired(more or less) and not drawing an income(Romney) too for that matter, the tax rates placed on those folks( which would include ANYONE drawing money from a 401k) is less because it's a capital gain/return on investment.

IMHO until there is a flat tax,with the removal of all deductions the uber wealthy will always pay less as a percentage then us working slobs.

They say money can't buy happiness but it's a he'll of a lot more comfortable to cry in a mansion than a cardboard box!
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  #33  
Old 06-01-2012, 09:28 PM
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Originally Posted by barry123400 View Post
The only thing I feel the government owes the population down to the individual level is to be responsible and act in a responsible fashion. We seem to have drifted away from that over the many years.
You probably disagree with me or Larry about what is or isn't responsible. At least on a few points.
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  #34  
Old 06-02-2012, 07:35 PM
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Quote:
Originally Posted by buffa98 View Post
Well stated but my point concerning those two is seeing that Buffet is retired(more or less) and not drawing an income(Romney) too for that matter, the tax rates placed on those folks( which would include ANYONE drawing money from a 401k) is less because it's a capital gain/return on investment.

IMHO until there is a flat tax,with the removal of all deductions the uber wealthy will always pay less as a percentage then us working slobs.

They say money can't buy happiness but it's a he'll of a lot more comfortable to cry in a mansion than a cardboard box!
I do not see how being retired should have any affect on income tax. If a person is receiving income tax they should be taxed, if they do not have income then no tax. The fact that my income is taxed at a higher rate than two retired guys worth at least 1 or 2 times more than I am is BS. Since millionaires/billionaires do not seem to be paying as much tax as I am I have very little reason to believe that corporations are paying the 34% tax rate that they are complaining about either.

I do not think a flat tax is the way to go but I think a flat graduated tax would be better. I would like to see an increasing tax rate starting at perhaps 5% for low income and maxing out at perhaps 25-30%. No deductions. Income is income whether it be W2 or capital gains or interest or what ever other way you earn money.
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  #35  
Old 06-02-2012, 10:57 PM
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Originally Posted by PaulC View Post
Speaking of contacts from other members, I recall receiving a PM from a well-respected member of another forum (Let's call him "Brian") asking me why I lowered myself to interact with a certain miscreant on that forum who shall remain nameless (Let's call him Mister X). I believe that Brian described Mr. X as a slow-witted sycophant of characters very reminiscent of our LarryBible and the dear departed Skid Row Joe. I told him that I just couldn't help it...
Oh, the life of "brian" !!!
I didnt know SRJ had departed. I got an email from him the other day.

My experience has been that many of these so called "well-respected internet forum members do not represent well respected individuals in the real world.
Often just sad little men.
I am very selective of those from forums who I interact with away from forums.
With the extent of modern communication, often some one can be on the other side of the world but can have impact as though they worked in the next office to you.
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Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving
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  #36  
Old 06-02-2012, 11:17 PM
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Well, I owe the government for my education. I'll take knowledge and skills over money any day.
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  #37  
Old 06-03-2012, 12:05 AM
layback40's Avatar
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Location: Victoria Australia - down under!!
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Originally Posted by PaulC View Post
Yawn.
Yes it was well past your bed time !!
Sweet dreams !
__________________
Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving
Reply With Quote
  #38  
Old 06-03-2012, 12:07 AM
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Quote:
Originally Posted by davidmash View Post
I do not see how being retired should have any affect on income tax. If a person is receiving income tax they should be taxed, if they do not have income then no tax. The fact that my income is taxed at a higher rate than two retired guys worth at least 1 or 2 times more than I am is BS. Since millionaires/billionaires do not seem to be paying as much tax as I am I have very little reason to believe that corporations are paying the 34% tax rate that they are complaining about either.

I do not think a flat tax is the way to go but I think a flat graduated tax would be better. I would like to see an increasing tax rate starting at perhaps 5% for low income and maxing out at perhaps 25-30%. No deductions. Income is income whether it be W2 or capital gains or interest or what ever other way you earn money.
But are we agreed that 12% of $15 mill is a hell of a lot more than 35% of $150k? In order to balance thing out I would much rather Abolish the personnel income tax period. Go back to what is was prior to that amendment. Import tariffs on goods.

I can't remember where I read or heard it but it went along the lines of when you subtract the cost of that division of the IRS coupled with the audit dept and the cost of all the forms the personel income tax is hardly worth collecting.

My feeling toward a progressive tax is the same as the increase in the minimum wage. The people it affects most are the ones at the bottom. If you did away with the tax breaks for mortgages,boats as second homes, rvs the people that can afford to buy them don't, so the people that build them,us $65k to $100 k a year workers are the ones that lose the jobs in the rv factory or in the building trades.

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