[Rhodes22-list] Taxes.

[Brad Haslett]

MJM,

Fan had one of her mutual funds close in 2004 and we rolled it to a new fund
online.  Because we had use of the money for 3 nanoseconds in cyberspace, we
got hit with a substantial capital gains tax.  She had a good perspective,
"even the Communist Party  wasn't this greedy".

Maybe Slim will play "Taxman" by the Beatles on KSLM for us?

Brad


On 11/11/06, Michael Meltzer <mjm at michaelmeltzer.com> wrote:
>
> Worst than that, the people who able to pay the layers/accounts/or move it
> offshore.
>
> -mjm
>
> -----Original Message-----
> From: rhodes22-list-bounces at rhodes22.org
> [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Brad Haslett
> Sent: Saturday, November 11, 2006 10:29 PM
> To: The Rhodes 22 mail list
> Subject: Re: [Rhodes22-list] Taxes.
>
> MJM,
>
> You are correct.  Companies don't pay taxes.  They build the cost of taxes
> in to the cost of their goods and services and the consumer pays the
> taxes.
> When companies distribute profits, the shareholders (who are the ones who
> pay taxes to begin with) are taxed again.  It really is that simple.
>
> Brad
>
>
> On 11/11/06, Michael Meltzer <mjm at michaelmeltzer.com> wrote:
> >
> > There is a simpler problem, the only people who will pay taxes will be
> > people with w2 income, everyone else including the company will figure a
> > way
> > out of it. It really that simple
> >
> > -mjm
> >
> > -----Original Message-----
> > From: rhodes22-list-bounces at rhodes22.org
> > [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Philip
> > Sent: Saturday, November 11, 2006 8:59 PM
> > To: The Rhodes 22 mail list
> > Subject: RE: [Rhodes22-list] Taxes.
> >
> > Bill,
> >   Not distribution but re-distribution.  I don't like anyone taking from
> > me
> > to provide to others.  That should be charity.  I like to enjoy the
> fruits
> > of my labors, and I resent others enjoying the fruits of my labors when
> > they
> > are not entitled to them.
> >
> > Philip
> >
> >
> > -----Original Message-----
> > From:   rhodes22-list-bounces at rhodes22.org
> > [mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of Bill Effros
> > Sent:   Saturday, November 11, 2006 2:37 PM
> > To:     The Rhodes 22 mail list
> > Subject:        Re: [Rhodes22-list] Taxes.
> >
> > Philip,
> >
> > It's always a distribution of wealth issue.
> >
> > Bill Effros
> >
> > Philip wrote:
> > > I don't mind paying my fair share and I don't care if it is going to
> the
> > > Constitutionally authorized appropriations.  I resent paying when it
> > becomes
> > > a distribution of wealth issue.
> > >
> > > Philip
> > >
> > >
> > >  -----Original Message-----
> > > From:         rhodes22-list-bounces at rhodes22.org
> > > [mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of
> > > R22RumRunner at aol.com
> > > Sent: Friday, November 10, 2006 2:37 PM
> > > To:   rhodes22-list at rhodes22.org
> > > Subject:      [Rhodes22-list] Taxes.
> > >
> > > Brad,
> > >
> > > I am neither conservation or liberal. My wife swears I'm a closet
> > > conservative, but I deny all.
> > > I am glad to have the opportunity to pay taxes. As a citizen, I accept
> > the
> > > responsibility and make every effort to make my tax returns as
> accurate
> > as
> > > possible.
> > >
> > >
> > > Rummy
> > > __________________________________________________
> > > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> > >
> > > __________________________________________________
> > > Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
> > >
> > >
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> >
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> >
> __________________________________________________
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>
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