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Posted (edited)

This is laughable.

The fact is YOU DO NOT SEE other people's tax returns. YOU HAVE NO IDEA who is paying what.

You hear this anecdote and that anecdote and think they are the norm without any basis for comparison.

And you wallow in this ignorance proudly.

You don't know what I know and I won't say how I know, so you can just wallow in your own ignorance proudly. :rolleyes:

I know that major 'toys' and upkeep ARE deducted as business expenses but seldom if ever used for business.

I know that people pick up RECEIPTS (but not the tab) for all kinds of non-business shared group social/recreational costs.

If you are as honest and pennypinching as you claim, you are a tiny minority, and people are laughing at you, because they laughed at me too: What I've described is very common.

And it is cheating, and it should be stopped by not allowing social/recreational deductions. It's disgusting.

I repeat:

These are luxuries most of us taxpayers can't afford, and yet we subsidize the ifestyles of the rich.

(And they laugh about it.)

Edited by jacee
Posted

Yeah that's pretty much what I was aiming at too. But, I do still think corporate taxes can and should be simplified also.

Fair enough.

I agree - there is definitely some low hanging fruit to be picked with corporate taxes too.

If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist)

My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx

Posted

You don't know what I know and I won't say how I know, so you can just wallow in your own ignorance proudly. :rolleyes:

I know that major 'toys' and upkeep ARE deducted as business expenses but seldom if ever used for business.

I know that people pick up RECEIPTS (but not the tab) for all kinds of non-business shared group social/recreational costs.

If you are as honest and pennypinching as you claim, you are a tiny minority, and people are laughing at you, because they laughed at me too: What I've described is very common.

And it is cheating, and it should be stopped by not allowing social/recreational deductions. It's disgusting.

Ah so you're talking about tax evasion.

Yes, it happens from time to time.

I know a guy who used to brag about how little taxes he paid. He was a real big shot.

Then one day he came to see me.

He was getting audited.

He paid so much in penalties and interest it made the back taxes look like nothing.

Now he doesn't brag because he's too busy working his butt off so he can recover his savings.

For good measure I stuck him with a real nice bill for my services.

Made my entire year.

Oh, and, no, I'm not very aggressive with my own taxes because I don't need to be... I'm not a big shot. :D

If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist)

My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx

Posted

On an "identifiable group". What, you think there's going to be a Charter challenge on that one? Don't be ridiculous. We have a progressive tax system as it is. Does every new income bracket unfairly raise the taxes on a new "identifiable group"?

There should have been a charter challenge on the election or re-election of McLiar McPremier--- if increasing taxes on the poor is a charter problem.

On second thot--- re-electing him only indicated the stupidity of the Ontario voter.

Posted

There should have been a charter challenge on the election or re-election of McLiar McPremier--- if increasing taxes on the poor is a charter problem.

On second thot--- re-electing him only indicated the stupidity of the Ontario voter.

We get it. People who don't vote Conservatives are stupid. That can't be your argument for everything though.

Posted

How much more to you have to tax the rich ,to make enough money to put a dent in anything? Really, you going to rasie thier taxes 75%, to make it worth while .

Toronto, like a roach motel in the middle of a pretty living room.

Posted

We get it. People who don't vote Conservatives are stupid. That can't be your argument for everything though.

You obviously don't live in McPremier Taxland

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