Interactive Broker's founder quits CT for taxfree Florida

Discussion in 'Taxes and Accounting' started by MoreLeverage, May 8, 2016.

  1. SunTrader

    SunTrader

    Even if that were the case, it is not, you have shown nothing in this topic anyone could learn from.

    In other words put up or shut up.
     
    #11     May 9, 2016
  2. dealmaker

    dealmaker

    • The richest 1% of Americans own 35% of the nation's wealth. ...
    • In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. ...
    • The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.
    and you can also Google, Warren Buffets comments on the subject, he had said if he wanted to he could pay less taxes than his housekeeper....
     
    #12     May 9, 2016
  3. Dealmaker - I'm sure you understand the difference between total dollars paid and the income tax rate. Buffett pays way more $$$ in tax than anyone here, even if it's at 23% or whatever long term capital gains rates. Don't fool yourself - the rich pay for almost everything, but some of them with good tax lawyers pay less than they might. For example, in 2014, 80% of income taxes were paid by people earning $100k+, or around 15% of the taxpayers.

    http://www.pewresearch.org/fact-tan...s-but-enough-to-be-fair/ft_15-03-23_taxesind/
     
    #13     May 9, 2016
    dealmaker likes this.
  4. SunTrader

    SunTrader

    There ya go. You put up - nonsense.

    On one hand you say in the 1950s and 1960s wealthiest paid 91%. Then you say in 2014 the effective tax rate was 24.7% the wealthiest paid.

    Guess what in the 1950s and 1960s 91% wasn't the effective tax rate paid by the wealthiest. There were things called tax loopholes. Heard of them huh?

    The effective rate is always a lot lower no matter what the stated rate is at the time.

    Anyway put up or shut up that YOU know "billionaires pay minimal taxes".

    You can't. C YA.

    Mentioning Buffett's nonsense talk (which BTW was about his secretary, not housekeeper) proved my point your on (multimillionaires thanks to Wall Street) Hillary & Bill's bandwagon.
     
    #14     May 9, 2016
  5. dealmaker

    dealmaker

    You are extremely naive by being political you are blurring how you see the issue. This is not about Hillary or any political agenda.

    PS you can move to Saudi Arabia, taxes are 0 there. Check & Mate.
     
    Last edited: May 9, 2016
    #15     May 9, 2016
  6. SunTrader

    SunTrader

    You are the one that is naïve and Hillary supporter. Admit it. Oh BTW that doesn't make me a Trump supporter. Furthest thing from it.

    And I don't need to move to Saudi Arabia to have 0 taxes, statewise anyway. I am already in Florida 25 years now, long before the crowd. We have room for you unless you are a billionaire like Buffet and don't care how much the fed gumbint confiscates from you. Otherwise they will let you keep your mate but they want their check.
     
    #16     May 10, 2016
  7. CBC

    CBC

    Curvy latina chickos thats why!! 0_0 ---- > )(
     
    #17     May 10, 2016