Why you are not rich, and why the rich dont pay taxes

[Walperstyle]

I'm going to keep it simple because people expect that taxing rich people is going to solve the problems. Its not going to even phase rich people.

why?

Rich people are usually ones involved in owning corporations, or at the very least, a business of some sort. In most states a corporation is a separate Identity from personal income. I know people that have corporations in a home based business here in Canada. Anyone who owns a business gets taxed AFTER they spend money.

There are many mansions all over the world that are technically labled as 'storage property' for a corporation. While the CEO and his family live in them.

There is still tax to pay, however on paper a CEO of his own corporation (lets say him and his wife own all the shares) could make no money per year, and not pay any tax if all the money from the corporation goes back into something business related. This can include real estate and lets say a new truck or car.

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also if any of you on here rent, dont. You will never be rich paying someone elses mortgage. Read the book 'the automatic millionare'

(figured I'd throw that in so I dont start another thread where the kids flame there too)

[ESmorz]

I fail to see the point of this thread.

Common Sense 101?

[stiizy]

^^:werd:

..................

[Walperstyle]

guys posted too quick to read it all. You missed the last line.

[spikNspan]

Nobody wants to rent, it's just a phase that most everyone has to go through while they save enough for that first down payment. And I agree, what was your point in the rest of this?

[S14DB]

WTF is this a Elementary School Book report?

[ESmorz]

guys posted too quick to read it all. You missed the last line.

That's not flaming, I merely asked you a question pertaining to your thread.

[Walperstyle]

Nobody wants to rent, it's just a phase that most everyone has to go through while they save enough for that first down payment. And I agree, what was your point in the rest of this?

I never rented. I also never had my parents set me up with my first house. Granted I did stay at home till 24 years old. Now 26, i'm so much further ahead. I also use OPM to pay 2/3rds of my Mortgage. Other Peoples money ftw. Many of you dudes on here probably know that if you got a house, you could have friends renting off you because it'd be a step up from where they are now.

Start saving $10/day. As in get it automatically taken out of your account and put into a savings acount, or an RRSP deal. Something where you can use it as a tax shelter till you throw it into a house.


point for the rest? Just because some tards keep throwing out how the future prez of your country is going to solve issues with tax changes. ...it wont effect anything, either guy.

That's not flaming, I merely asked you a question pertaining to your thread.

And it doesn't deserve a response. Your question is trivial and doesn't ask any specifics. ...far more off-topic then my topic anyway :p

[S14DB]

$10 a day? Holy crap that's my food budget for the day. If I switch to top ramen I can save $7 a day...

$10 a week is good. I doubt most people on here can afford $10 a day out of their monthly budget. I don't have $300 laying around at the end of the month.


Congrats on reading a book and exploiting your friends.

[Matej]

Just wait for RJF to see this, he'll tell you how outrageous it is to tax the rich more, and how it will ruin America along with the world's economy, and children will starve.

[J90lude]

Damn!! I can barely save up :2c::tardrim:

[Phlip]

Just wait for RJF to see this, he'll tell you how outrageous it is to tax the rich more, and how it will ruin America along with the world's economy, and children will starve.
All in the name of socialism.

[shmiddy]

raising taxes on the rich is not to hurt them. and frankly i dont care if it "phases" them as long as the contry is getting money from ppl who can afford to i guess

[Gnnr]

I fail to see the point of this thread.

Common Sense 101?

Agreed. Motion to close pointless thread. All in favor?

[sillyvia13]

you tried to help, but you kind words hit deaf ears!

Thanks for you tips, if you have more I WOULD love to hear them!
PM ME!! I enjoy knowledge.

Thanks

[renegade_ewok]

If taxing the rich doesn't effect them, why not do it anyway just to make some extra cash. Dur?

[HalveBlue]

Just wait for RJF to see this, he'll tell you how outrageous it is to tax the rich more, and how it will ruin America along with the world's economy, and children will starve.

You forgot about the public beheading of puppies.

The tax code today is too convoluted as is and needs to be revised.

Besides all that, there's nothing wrong with being rich. Being rich, doesn't make you an exploitative asshole. It doesn't make you immoral. People need to quit villainizing others just because they make a shit ton of money.

Being rich doesn't make you a bad person. Just like being poor doesn't make you a good person.

The simple reality of the fact however is that rich people can withstand to have a considerably higher percentage of their income be taxed without effecting their purchasing power.

And, by the way, any rational human being would prefer purchasing property over renting it.

Unfortunately, reality stipulates that property values aren't static. And so while owning a home in one market may be financially viable, the opposite may be true in another.

[murda-c]

my new job serves lunch and dinner, and i'm saving like 15 bucks a day, lol

Also i have keep the change from bank of america on my free checking. every little bit adds up.

it's basically been how i buy car parts, but it's probably going to be put to better use until i can afford to waste money on my cars again.

[Antihero983]

why I am not rich:

http://img.photobucket.com/albums/v633/redevilrps13/MyEngine1.jpg
http://img.photobucket.com/albums/v633/redevilrps13/240sxProject005.jpg
http://img.photobucket.com/albums/v633/redevilrps13/beetlefrontleftangle.jpg
http://img.photobucket.com/albums/v633/redevilrps13/Motivational_Posters__Prime_by_Meve.jpg
http://img.photobucket.com/albums/v633/redevilrps13/Grey20Goose20lineup.jpg
http://img.photobucket.com/albums/v633/redevilrps13/280Zpics002-1.jpg