I think Glenn Beck Will Have a Real Breakdown Very Soon!!

[jasonk282]

Everyone knows that GOPers are more involved in politic. GOPers can't get enough of GOPer spin.....When they're not listening to it en mass on the radio...they're watching it on Fox....and before the lights go out in GOPer home their finishing a chapter in the latest GOPer hack book.

Those inclined to be at the opposite end of the spectrum are by and large just not that obsessed with politics and/or political spin.

Most independents by definition are not deep enough to follow politics closely that's why they are so easily manipulated.

Sorry I missed what you said I was finishing a Chapter in Glenn Beck's new book.

 

[Hot Mega]

Sorry I missed what you said I was finishing a Chapter in Glenn Beck's new book.

Touche'.....

 

[thepeeper]

Sales of personal assets are specifically excluded from taxable income by the IRS Code, unless you sell it for a profit. Very few sell their used car for a profit. Business car are a different story.

Here's a link to the Government Cash for Clunkers Website.

http://www.cars.gov/faq#category-06

Is that good enough for you? If not asked your Accountant. I am a Tax Accountant and I don't care if you believe me.

If you are a tax accountant, then you will know that every expense a business has gets paid for by the consumer that purchases their product/service. The money comes from nowhere else.

If the business has a electric bill, a sewer bill, payrole, building rent/loan payment, phone bills, office supplies and TAXES, it has to total less than what the business has in accounts receivable or the business will not succeed. That is basic economics 101.

So, where does the accounts receivable come from? The consumer. So if the $ 4500 is considered a taxable business income, it must be passed to the consumer to pay. It just may not say "Tax" on the final write up of the car loan contract (Truth in Lending Statement), but you had better bet it is figured in the cost of selling the car to begin with.

And I don't care if you believe me, that is fact.

 

[YMIHERE]

And who do you think pays the taxes? Is it like the Sienfield show where Cramer suggests to Jerry that the loss when his VCR gets broken in shipping gets written off, "Who writes it off? They write it off. Who is They? They know who they are and they write it off." The person who makes the deal (consumer) ends up paying the taxes.

All businesses must pass the tax onto the consumer or they will not exist for long. That is why the Cap and Trade proposed bill is a large tax upon you and I.

Not rumors, just facts.

You can't write off a broken VCR unless you use it for the production of income. Citing a TV comedy as your source is just like what Glen Beck would do. Get back to me after 20 University course in economics and finance.

 

[YMIHERE]

If you are a tax accountant, then you will know that every expense a business has gets paid for by the consumer that purchases their product/service. The money comes from nowhere else.

If the business has a electric bill, a sewer bill, payrole, building rent/loan payment, phone bills, office supplies and TAXES, it has to total less than what the business has in accounts receivable or the business will not succeed. That is basic economics 101.

So, where does the accounts receivable come from? The consumer. So if the $ 4500 is considered a taxable business income, it must be passed to the consumer to pay. It just may not say "Tax" on the final write up of the car loan contract, but you had better bet it is figured in the cost of selling the car to begin with.

And I don't care if you believe me, that is fact.

That's the economics theory alright. So what. You sound like you don't want the government to collect any taxes. So who would pay for defense cost.

 

[thepeeper]

You can't write off a broken VCR unless you use it for the production of income. Citing a TV comedy as your source is just like what Glen Beck would do. Get back to me after 20 University course in economics and finance.

Read the post above.

 

[YMIHERE]

Read the post above.

Read the post above.

 

[thepeeper]

That's the economics theory alright. So what. You sound like you don't want the government to collect any taxes. So who would pay for defense cost.

I paid 46% of my income last year (2008) in taxes. (does not include sales tax on food I paid).

If that figure hits 50%, I will take my disability and let your taxes pay for me. (my net after taxes will be so close, why should I work?)

Taxes at some point become a breaking point with deminishing returns. Sometimes, less tax encourages growth and growth will bring more tax revinue.

I did not have to attend 20 Economics classes to figure that one out, It was the first one that taught me that.

The gov already collects enough taxes, they just do not manage it correctly.

 

[thepeeper]

That's the economics theory alright. So what. You sound like you don't want the government to collect any taxes. So who would pay for defense cost.

And to top it off, I said nothing about paying for defense, I just called you out on stating the consumer was not paying the taxes.

 

[thepeeper]

Touche'.....

Love the humor! :bowdown:

 

[YMIHERE]

And to top it off, I said nothing about paying for defense, I just called you out on stating the consumer was not paying the taxes.

Look, you said that anybody who got the cash for clunkers money would have to pay tax on THE $4,500 FROM THE PROGRAM as income on their tax return. That is false. That's all I am saying. If you want to talk about the incidence of the burdem tax that a different issue. OK!

 

[thepeeper]

Look, you said that anybody who got the cash for clunkers money would have to pay tax on THE $4,500 FROM THE PROGRAM as income on their tax return. That is false. That's all I am saying. If you want to talk about the incidence of the burdem tax that a different issue. OK!

Here is my quote:

"Here is another O team tidbit.

The Cash for Clunkers program, the $ 4500 you got for your clunker, it will be taxed as income.

Pretty good call for the O team. Borrow the money for a temp program, then tax you for the program's benifit. What a way to make money, must be a racket or something. "

I never stated whose income tax return it would be on. You made that statement.

As your link stated, it will be taxed as income, for the dealer.

My quoted statement above still stands.

 

[YMIHERE]

Here is my quote:

"Here is another O team tidbit.

The Cash for Clunkers program, the $ 4500 you got for your clunker, it will be taxed as income.

Pretty good call for the O team. Borrow the money for a temp program, then tax you for the program's benifit. What a way to make money, must be a racket or something. "

I never stated whose income tax return it would be on. You made that statement.

As your link stated, it will be taxed as income, for the dealer.

My quoted statement above still stands.

So when you said "tax you" you meant the car dealer or the esoteric incidence of tax burden, not you the individual receiving the money. You know, sometime the author is not best authority on the what they wrote.

 

[thepeeper]

So when you said "tax you" you meant the car dealer or the esoteric incidence of tax burden, not you the individual receiving the money. You know, sometime the author is not best authority on the what they wrote.

As I stated before, all taxes are paid by the consumer. The consumer just may not see it written down as "Tax".

You even stated "That's the economics theory alright."

Esoteric or not, if "you" are the consumer, you will be paying the tax on the clunker benifit. Some benifit, underwritten by China.

 

[YMIHERE]

I paid 46% of my income last year (2008) in taxes. (does not include sales tax on food I paid).

If that figure hits 50%, I will take my disability and let your taxes pay for me. (my net after taxes will be so close, why should I work?)

Taxes at some point become a breaking point with deminishing returns. Sometimes, less tax encourages growth and growth will bring more tax revinue.

I did not have to attend 20 Economics classes to figure that one out, It was the first one that taught me that.

The gov already collects enough taxes, they just do not manage it correctly.

The 46% was your marginal tax rate. Your overall rate of tax was a much lower percentage. If you paid 46% of your income as taxes you either made millions of dollars or you need a new accountant. Maybe I could help you.

 

[thepeeper]

The 46% was your marginal tax rate. Your overall rate of tax was a much lower percentage. If you paid 46% of your income as taxes you either made millions of dollars or you need a new accountant. Maybe I could help you.

I (wife and my income combined) paid 46 % of our taxable income in taxes in 2008. We just barely exceeded 100 K for that year. We paid $ 46,013.xx in taxes in/for 2008. This was even with deffering 12% into retirement. We own everything we have, (Pay no interest).

Scoialism works very well until you run out of other peoples money. They are getting ready to run out of my money when I go disability because I will not pay over half of my income in taxes.

 

[YMIHERE]

I (wife and my income combined) paid 46 % of our taxable income in taxes in 2008. We just barely exceeded 100 K for that year. We paid $ 46,013.xx in taxes in/for 2008. This was even with deffering 12% into retirement. We own everything we have, (Pay no interest).

Scoialism works very well until you run out of other peoples money. They are getting ready to run out of my money when I go disability because I will not pay over half of my income in taxes.

Get a new accountant. Even with self-employment tax (Social Security) your Federal Taxes would be nowhere near 46%.


http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm


Capitalism works until only a few have all the money. Then there is unrest among the population.

 

[Philbert]

Get a new accountant. Even with self-employment tax (Social Security) your Federal Taxes would be nowhere near 46%.


http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm


Capitalism works until only a few have all the money. Then there is unrest among the population.

When has that ever happened?
Where all the wealth of a Capitalist country was in the hands of a few, and the population went postal on the upper echelons?

 

[Hot Mega]

Here is my quote:

"Here is another O team tidbit.

The Cash for Clunkers program, the $ 4500 you got for your clunker, it will be taxed as income.

Pretty good call for the O team. Borrow the money for a temp program, then tax you for the program's benifit. What a way to make money, must be a racket or something. "

I never stated whose income tax return it would be on. You made that statement.

As your link stated, it will be taxed as income, for the dealer.

My quoted statement above still stands.

As I stated before, all taxes are paid by the consumer. The consumer just may not see it written down as "Tax".

You even stated "That's the economics theory alright."

Esoteric or not, if "you" are the consumer, you will be paying the tax on the clunker benifit. Some benifit, underwritten by China.

More semantics...using a technically correct statement to confuse or mislead ignorant people. The implication or understanding the average person would have gleaned from original statement is the consumer bears the personal liability for the tax....not as the reality is the dealer bears it.

As far as your extrapolation that the consumer will ultimately pay it as a defense to your malarkey that they would be directly liable doesn't hold water as dealers may or may not pass it on to their consumers and CERTAINLY NOT the specific consumer who took advantage of the program. The dealer may ultimately become quite profitably and be able to pass savings on to the consumer.

Why not point out every tax, fee, assessment or fine a deal is liable for as a direct tax on the consumer if you're just extrapolating them passing such things on to the consumer as with C4C??? The simple answers are, you didn't know what you were talking about in the first place or you were deliberately attempting to mislead people who didn't know any better.

 

[Baill Inneraora]

10 More companies drop Glenn Beck.

http://www.dailykos.com/story/2009/8/27/773297/-Ten-more-companies-say-no-to-Glenn-Beck