"Taxmageddon" Are you ready?
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"Taxmageddon" Are you ready?

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    Red Blooded American The Doctor's Avatar
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    Default "Taxmageddon" Are you ready?

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    Senior Member ICECREAMAN's Avatar
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    Well my strategy is going "third world" on them. I deal with many different people from various third world countries. The one thing they all have in common whether they're from Mexico, Vietnam, or Jordon, is cash is king. You can't tax what you don't have, and I just went broke. I will be stocking up on generic receipt books with no printed info on them. I will hide every penny I can from a government that thinks so little of my tax contributions that they waste vast amounts of money on frivolous and vile things like the Muslim Brotherhood, Acorn, and cell phones for the lazy, but feel we don't pay our fair share.

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    I bet the Democrats are chomping at the bit for these tax breaks to expire. When they do we will see a new wave of tax circumventing practices such as using cash and barter & trade. It was tried in the past and the government went nutts trying to find ways of taxing and collecting on barter. Thru the internet it will be much easier to link trade partners to barter with. It is a practice that goes back long before currency, government and as far back to the dawn of civilization. Human nature being what it is people will find ways around this. Those not creative or just lazy will pay more taxes and just live with it...Net results: no increase in tax revenue or even a net loss. Higher taxes don't mean higher revenue.....But remember, according to Ozero taxes are to punish the sucessful in the name of "Fairness" not just to pay for government.
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    Quote Originally Posted by ICECREAMAN View Post
    Well my strategy is going "third world" on them. I deal with many different people from various third world countries. The one thing they all have in common whether they're from Mexico, Vietnam, or Jordon, is cash is king. You can't tax what you don't have, and I just went broke. I will be stocking up on generic receipt books with no printed info on them. I will hide every penny I can from a government that thinks so little of my tax contributions that they waste vast amounts of money on frivolous and vile things like the Muslim Brotherhood, Acorn, and cell phones for the lazy, but feel we don't pay our fair share.
    I would love to do the same, but, consider this question, How can the government control the "Black market" ( Cash and Carry)?
    Answer: "Cashless Society". The representative value of the dollar has been hashed over and over in previous prf's. What happens when the world economy is no longer based on the US Dollar? Us Gov can no longer just print up money, as has been done in the past. The dollars we have on hand or in the bank become valueless.
    Bartering will or can continue, for hard goods and services. Perhaps a credit based society begins the proverbial "Mark of the Beast".

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    My respones was more short term 2-3 years. Depending on the out come of the election, I believe the next 2-3 years will be very telling for the futuer of the U.S and thus the world.

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    Senior Member Ms Understood's Avatar
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    Default Add these ones to the list

    I'm sure proof is in the print on how a few of these not only specificly hurt people but where they also hurt the overall economy and job creation that hurts all of us. Why will anyone invest in the future?

    http://s3.amazonaws.com/atrfiles/fil...0in%202013.pdf



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    How much of these "tax hikes" are the sunset of the unfunded Bush stimulus?

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    Quote Originally Posted by RodnJen View Post
    How much of these "tax hikes" are the sunset of the unfunded Bush stimulus?
    What are house Democrats and the current President proposing? Bush is not in a position to make a difference.

    Whats your thoughts on the Obama care tax hikes. The job destroyer policy for the better good of all as the economy keeps on tanking.



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    I don't like arbitrary taxes like the 2.9% excise tax. I would prefer real tax reform. Perhaps the rebublicans will engage in meaninful debate during President Obama's second term.

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    Quote Originally Posted by RodnJen View Post
    I don't like arbitrary taxes like the 2.9% excise tax. I would prefer real tax reform. Perhaps the rebublicans will engage in meaninful debate during President Obama's second term.


    Rod, do you know anything about the Simpson Bowles committee that Obama appointed and then dismissed its findings?

    Are you aware that he couldn't get 1 Democrat to vote for his budget.

    Your statement was an oxy-Moron <------Obama = Moron

    BTW you skipped right over the Obamacare taxes!



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    Last edited by Ms Understood; 10-01-2012 at 02:26 PM.


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    The excise tax is an example of the new taxes. As far as the cap gains and dividend taxes, yes I think they should be higher too, with or without tax reform.

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    Quote Originally Posted by RodnJen View Post
    The excise tax is an example of the new taxes. As far as the cap gains and dividend taxes, yes I think they should be higher too, with or without tax reform.
    You believe that progressive tax hikes and tax hikes on investment income is good for the economy combined with all the other new taxes imposed by Obamacare?

    Do you believe that the increase in debt from implementing Obamacare is a healthy solution for this nation?

    Do you believe you will see any additional job growth with an Obama 2nd term and if so, in what way, and why would someone with capital invest in others futures with the new individual restrictions that they will be faced with.

    If Obama policy could create jobs, unemployment wouldn't be so high.



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    Last edited by Ms Understood; 10-01-2012 at 02:45 PM.


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    Senior Member Ms Understood's Avatar
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    Rod, take all the time you need to answer the question.



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    That is very nice of you, thank you. You and I both know that we need massive tax, immigration, welfare, social security, education, etc. reforms.

    Some of what is being proposed, or being allowed to expire, may very well have a negative impact on the economy. I will certainly be paying much more and no I don't like that.

    The tax increases will do very little to help the country without spending cuts. The cuts need to be strategic, not reactive.

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