IRS Moves to Close Tax Shelter Used by IBM

GilmourD said:
Wah... My dad's doing just fine supporting a family of 6 on $70K a year. If you're making $300K a year and $160K of that is going to taxes, you still keep DOUBLE of my dad's PRE-TAX pay. If you can't support a family of 6 on that then you're doing something wrong.
Click to expand...


You live in New Jersey, the smelliest, least appealing state in the country. It's DIRT cheap there. Try living in Greenwich, CT. You dad's 70k won't buy the shed in my backyard.
 
To give you an example of just how high the cost of living is, this POS house in my town is well over a million dollars on a quarter acre of land.

http://prudentialct.com/ListingDetails.aspx?LK=1226339

Compare to New Jersey

http://www.homes.com/Real_Estate/NJ/City/NUTLEY

Not only is that POS house in my town (one of the cheapest for sale) more expensive than the MOST EXPENSIVE house in your town, in your town you get a 7 bedroom mansion for $300,000 less than the 1900sq ft, 1.2 million dollar starter home in my town.

Once again, it's all about cost of living. And unfortunately, I can't move further from my job either.
 
computerpro3 said:
You live in New Jersey, the smelliest, least appealing state in the country. It's DIRT cheap there. Try living in Greenwich, CT. You dad's 70k won't buy the shed in my backyard.
Click to expand...

Well...
  1. I didn't insult you or where you live. I just said you're doing something wrong.
  2. Cheap? Dude, I live in what's considered the NYC suburbs which is amongst the regions with the highest cost of living in the nation.
  3. You want dirt cheap? Check out Georgia. You can get a 4 bedroom Victorian for what a refrigerator box costs up here.
 
Oh yea! Well I live in Bel Air! And I ain't a PRINCE! So houses here cost more! Nyeah!

Instead of complaining about how much other people make, maybe you should look at the fact that since 1973 the cost of goods has risen over %350 while the average salary has risen less than %100. We are getting screwed by big corporations and their appeasement of the "shareholders".
 
computerpro3 said:
To give you an example of just how high the cost of living is, this POS house in my town is well over a million dollars on a quarter acre of land.

http://prudentialct.com/ListingDetails.aspx?LK=1226339

Compare to New Jersey

http://www.homes.com/Real_Estate/NJ/City/NUTLEY

Not only is that POS house in my town (one of the cheapest for sale) more expensive than the MOST EXPENSIVE house in your town, in your town you get a 7 bedroom mansion for $300,000 less than the 1900sq ft, 1.2 million dollar starter home in my town.

Once again, it's all about cost of living. And unfortunately, I can't move further from my job either.
Click to expand...

No offense, but you sound like a cocky asshole.



Just FYI, with $100k most can live very comfortably. Just because your backyard shed is worth $75k, that does not mean that someone with a 75k a year salary can afford it.

There is a thing called Mortgages, get to learn them for once in your life. With your logic, you would think that every person in New York makes millions and in London everyone should be super millionaires? People can apply for mortgages.

What makes one wealthy is not having debt, anyone can buy a big house or an expensive neighborhood without earning the income to make a good life.



Oh and since you want to flaunt your cock around, I introduce to yourself my city that I live in... yeah that is what I thought...

http://en.wikipedia.org/wiki/Bloomfield_Hills,_MI

$100K a year can make a nice living here too... so your argument is flawed.
 
Median total income for New York is $45k, according to your logic, over 50% lives in poverty.

California $49k, and not to mention one of the most expensive states to live in.


So thus, your argument is flawed. Keep out of business of what others make and stop insulting their income. Just becuase you can flaunt a large home, doesn't mean others cant... it's just that they prefer not to have a lifetime of debt with their creditors.
 
Vertigo Acid said:
http://evans-legal.com/dan/tpfaq.html
Click to expand...

nice... you provide a link which debunks tax protesters by using court cases in which the Judge failed to adhere to previous supreme court cases. When the supreme court becomes irrelevant in the eyes of certain Judges it's a clear case of breaking the constitution and everything this country stands for.

yeah, i'm just another "tax denier" or as your link puts it, a "holocaust denier." Heh, that didn't take to long to find a nazi reference.

I can also throw links at you with court cases in which a "tax protester" rightfully won their case. Who's right? Obviously both sides have court cases in their support.

Your link doesn't even begin to debunk some of the arguments I have put forth (I realize the link is a work in progress).

But if you truly believe I'm just a tax denier, you could earn $10,000 dollars for proving I have to pay taxes according to the law.

Heres one link:
http://www.taxtruth4u.com/10k.html

And there are many more like this.. Why? Because nobody can honestly show me (and the American people) a law requiring me to pay taxes.

If you want to argue with me, providing a single link is quite useless. Please watch the videos I provided. If you don't believe the Statues and Regulations of the Congress, then I don't know what else to say.
 
http://video.google.com/videoplay?docid=-1656880303867390173&q=America+Freedom+to+Fascism
America Freedom to Fascism


Time & time again the supreme court has said the world "INCOME" is something you gain in a profit in a biz ...not something you earn workin 9-5 for somebody.

Article XVI

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
No where it states that power to print money should be in the hands of a private bank called the Federal Reserve.


http://video.google.com/videoplay?docid=-515319560256183936&q=Money+Masters
Indepth history of the Western banking system. Money Masters
 
I've seen Freedom to Facism. It's a joke.


1. Do you accept or deny that the 16th amendment gives Congress the power to tax income?

2. Do you accept or deny that IRS code is law, ratified by Congress?

3. Do you accept or deny that the courts, including SCOTUS, have ruled that the word "income" in the context of the above two, includes wages, ie compensation for labor?

If you disagree with any of the above three, cite me some SCOTUS cases that say otherwise.
 
AFTFNJ said:
No where it states that power to print money should be in the hands of a private bank called the Federal Reserve.


http://video.google.com/videoplay?docid=-515319560256183936&q=Money+Masters
Indepth history of the Western banking system. Money Masters
Click to expand...

Ahem.

From this site (notice how it is a .gov website):
http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm#6

Are the Federal Reserve Banks private companies?

The Federal Reserve Banks, created by an act of Congress in 1913, are operated in the public interest rather than for profit or to benefit any private group.

Commercial banks that are members of the Federal Reserve System hold stock in the Reserve Bank in their region, but they do not exercise control over the Reserve Bank or the Federal Reserve System. Holding stock in a regional Reserve Bank does not carry with it the kind of control and financial interest that holding publicly traded stock affords, and the stock may not be sold or traded. Member banks do, however, receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the Reserve Bank's board of directors.

Although they are set up like private corporations and member banks hold their stock, the Federal Reserve Banks owe their existence to an act of Congress and have a mandate to serve the public. Therefore, they are not really "private" companies, but rather are "owned" by the citizens of the United States.

Return to questions
How do Federal Reserve Banks differ from commercial banks?

Federal Reserve Banks are the fiscal agents for the U.S. Treasury, which means that they are the federal government's bank.
 
You must log in or register to reply here.
Back
Top