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Originally posted by The Sicatoka
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OK. Now that you do, you in?Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020 -
You counted your house, your retirement accounts, other funds (current accounts for cash), your cars, personal property, other investments. All that is "wealth".Originally posted by Kepler View Post
0.03 * 750k = $22.5k plus your $6k ... $28.5k you'd owe. No further comment on your math. ;-)
Me, the $22.5, plus $60k on the next 1M (for $82.5k), and then 9% on wherever the final lands above $2M (if it does). Like I said, I've popped three-quarters of my gross annual income before the final number.
The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.
North Dakota Hockey:
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Yes. $1.1M. We're only a poor public official and bloodsucking contractor.Originally posted by The Sicatoka View PostCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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I suck. Fixed below.Originally posted by The Sicatoka View PostCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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Correct. The idea is to drive everybody slowly into that $2M - $5M sweet spot. That's what you get as wealth. It's pretty sweet. Most of America has ZERO wealth.Originally posted by The Sicatoka View Post
Once you retire your wealth tax will be greater than your income if you are "comfortable." That's the whole idea-- stop hoarding wealth and distribute it to people who are suffering. End the philosophy that the morbidly obese guy is a hero. He's at best a pathetic, unhealthy freak.
If nobody was in need you might argue "I can get as fat as I want." But as long as people are suffering from the lack of necessities, no. Obesity is no longer something a good society will tolerate.
You have a right to be healthy, not to stuff your face as others starve.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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You do not understand tax brackets. Read up and come back. The first 60-75 grand would be free.Originally posted by The Sicatoka View Post**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.Comment
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Well duh...like they would wear boots with straps!Originally posted by jerphisch View Post
These people are the tiny player on the team that always starts crap and then runs behind the enforcer when someone challenges them. If they didn't have their trust funds they wouldn't be able to survive. They are Louis in Trading Places..."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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I doubt whatever speech he heard from Grover Nordquist mentioned that...Originally posted by ScoobyDoo View Post"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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except it hasn't been earned and taxed by the person inheriting. It was earned by the dead person and taxed when he or she earned it.Originally posted by The Sicatoka View Post
This is no different than giving someone a dollar for services rendered. In this case, the dollar is the estate and the services rendered are being an heir.
So, no. There is no claim to that money by anyone other than the individual who earned it or their joint filer.Code:As of 9/21/10: As of 9/13/10: College Hockey 6 College Football 0 BTHC 4 WCHA FC: 1
Originally posted by SanTropezOriginally posted by bigblue_dlHe's probably going to be a superstar but that man has more baggage than North WestOriginally posted by KeplerComment
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He fixed it, Scoob. This criticism is not correct.Originally posted by ScoobyDoo View PostCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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Yeah, that's fine. It still ****es me off that we even need to argue about people with 50 million or more are getting taxed too much. It's ****ing insane and stupid.Originally posted by Kepler View Post**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.Comment
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I agree. Above $50M, take it all.Originally posted by ScoobyDoo View PostCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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She leave an estate worth $10 million?Originally posted by The Sicatoka View Post
Guess her offspring won't have to worry about it then.
At aty rate, she was taxed on that income when she earned it. Inheritance taxes tax it when her offspring "earn"(inherit) it.Last edited by rufus; 06-11-2021, 02:02 PM.What kind of cheese are you planning to put on top?Comment
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A tenth of that number, so I'm not on the beach quite yet.Originally posted by rufus View Post
So tax my mother's already taxed money. <-- The double taxation on the same earned dollar aspect bothers me. Inherit isn't earn. What was she supposed to do with it? She had it for her expenses to end of life. She took care of herself, fiscally, to the end. (I ran it for her when she went to memory care.) She planned too well and had too much I guess in some's eyes. She didn't even need her SoSec to cover expenses. It would've been better if she was indigent?
You can claim you're taxing me (inheritor) but I'll say you're effectively taxing her for dying with money, punish her for planning for old age too well.
So, again, what was she supposed to do with it, because I've never seen a U-Haul trailer behind a hearse.
Cap gains? That's new income; tax it.
Interest and dividend income? Same; tax it.
The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.
North Dakota Hockey: Comment
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Aren’t we taxed on any tax refunds we’re issued?
double taxation isn’t newComment
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