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Phil_Britt
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Phil_Britt,
User Rank: Light Sabre
10/27/2017 | 8:09:36 AM
Re: Good times
You're absolutely right about the tax situation, as Warren Buffet has noted. "Tax reform" is a huge misnomer. If mortgage deductoin (to name one) is limited or restricted, "tax reform" will be a tax increase for most.
mendyk
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mendyk,
User Rank: Light Sabre
10/26/2017 | 3:30:04 PM
Re: Good times
I agree that it's pointless to talk about taxes -- especially when the talk comes from people or entities that have real tax rates that are lower than the people who work at my local supermarket.
brooks7
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brooks7,
User Rank: Light Sabre
10/26/2017 | 3:22:10 PM
Re: Good times
 

Dennis/Kb,

I think you have it right and wrong.

1 - Essentially EVERY small business I talk to runs family expenses through their P&L.   That is tax cheating in another way, because people game systems.  Set up a system and people will game it.  We need to stop talking about it because as far as I can tell every business is somewhere between grey and black on the tax front.  Wait till you see some guy run his landscaping through the P&L because he has a home office. 

2 - If there is a tax code simplification, it has to come with a reduction in prices.  Less Work = Lower Cost = Lower Prices right?

seven

 

 

 

 
mendyk
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mendyk,
User Rank: Light Sabre
10/26/2017 | 2:21:56 PM
Re: Good times
If given the choice between keeping the tax rate at 35% with loopholes intact or lowering the rate to 20% and eliminating the loopholes, which option would the whiners take?
KBode
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KBode,
User Rank: Light Sabre
10/26/2017 | 2:11:54 PM
Re: Good times
Yes, expecially when the myriad of the tricks already on the books allow them to pay virtually no taxes whatsoever across certain segments. Poor little daisies. 
Austin Idol
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Austin Idol,
User Rank: Moderator
10/25/2017 | 10:29:00 AM
Re: Good times
arghhhhhhhhh theee should make them walk the plank.........arghhhhhhhh
mendyk
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50%
mendyk,
User Rank: Light Sabre
10/25/2017 | 10:03:17 AM
Good times
It's always fun to hear rich people -- and the multibillion-dollar corporate entities they represent -- cry poverty. The world is so unfair.


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