IRS Targeted Donors To Tea Party Groups

[loyek590]

and if it was up to me there would be no corporate taxes or TEA Party taxes, just personal income taxes. If you make it you pay, doesn't matter what you call yourself. And all income whether it is technically classified as "income" or whether it is trading profits or your stupid W-2, it is all taxed the same.

 

[Ricter]

and if it was up to me there would be no corporate taxes or TEA Party taxes, just personal income taxes. If you make it you pay, doesn't matter what you call yourself. And all income whether it is technically classified as "income" or whether it is trading profits or your stupid W-2, it is all taxed the same.

What about lottery winnings, should they be taxed?

 

[der_kommissar]

LOL! Asset class worry.

Ricter's situational morality. A couple of times a month, he puts on his "rentier class" pants and will argue the counter-point. Morally bankrupt imbecile...

 

[loyek590]

What about lottery winnings, should they be taxed?

yes, man, you make it you pay. Doesn't matter if it was a lucky trade or a well thought out lottery ticket purchase. Or just simply selling your labor one hour at a time.

 

[Ricter]

yes, man, you make it you pay. Doesn't matter if it was a lucky trade or a well thought out lottery ticket purchase. Or just simply selling your labor one hour at a time.

Fair enough. So a lucky inheritance should be taxed, too?

 

[loyek590]

the thing you are all missing is, the IRS should never be so powerful that it can affect your life in any meaningful way

 

[der_kommissar]

The problem with you (and most mainstream clowns they call "Economists" now a days") is that you all focus on the when of the predictions, without concerning yourself as to the why.

We all know there will be another downturn at some point. Even grasshoppers like you agree. The debate should not be about the when. It should be about the why. When it finally does occur, people (aforementioned economists and folks like yourself) will all be pretending they understood that, all along, they saw the signs as to why this would happen. In reality, however, it'll be the folks like Santelli who - had they been listened to - could have helped prevent the next crash entirely.

Crashes aren't a normal cycle of business. They happen because something fails - OR because the laws of nature reassert themselves.

Instead of trying to avoid that and correct the system, folks like yourself just go "haha...hasn't happened yet!"

As if supporting the whole rotten structure is some sort of victory.

And to expand upon that thought that "Crashes aren't a normal cycle of business", especially two and more than likely a third in less than twenty years is most definitely not a "normal cycle". Heck, we're already in the midst of a commodity collapse that rivals what we saw 7-8 years ago and the complacency surrounding it is remarkable (imagine the pundits with a stock index showing similar declines)...then again, now that we are on the precipice of a trifecta, it's not surprising that the media has been coached into how to approach any symptoms of another decline...outside of Santelli, there are just a smattering of individuals that address this topic...

 

[Tsing Tao]

no, you totally missed the point. Why is the IRS powerful? Because they can pick and choose who pays taxes and who can operate tax free? Why does the TEA Party need to operate tax free? If they are making money they should pay taxes just like the rest of us.

So you're saying get rid of all Not-For-Profit organizations out there. I'm OK with that as long as it's done equally.

 

[Tsing Tao]

Fair enough. So a lucky inheritance should be taxed, too?

It was already taxed once.

 

[Tsing Tao]

the thing you are all missing is, the IRS should never be so powerful that it can affect your life in any meaningful way

If it could not affect your life in a meaningful way, people just wouldn't pay taxes.