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To: Always Right

Hard to say, Rongie ... but I'm afraid I'd have to admit I'm a bit skeptical since that would mean you'd be spending on taxable consumption something like $4,500,000.

If the amount of tax you pay with that sort of income stream is really a concern to you (it wouldn't be to me if I were able to consume at that level, but hey, that's me - penurious), then you might think about buying a few fewer used cars and houses each year rather than so many new ones.

(Or, of course, you could donate - say $250,000 to FR; I'm sure they'd appreciate it). If as you say you do your own bookkeepping with one hand tied behind your back with a dull pencil - and your tax returns as well, how is it you get nicked so much for taxes??? There are zillions of ways to cheat ... pardon "minimize" ... income taxes right now? There are even lots of CPAs on the threads - maybe you could hire some tax advice??


91 posted on 08/18/2005 8:59:35 PM PDT by pigdog
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To: pigdog; Jim Robinson
Hard to say, Rongie ... but I'm afraid I'd have to admit I'm a bit skeptical since that would mean you'd be spending on taxable consumption something like $4,500,000.

In case you missed it, Jim Robinson posted on this thread concerning personal attacks. I believe your derogatory name-calling you insist on using in every post to a dissenter falls into that category.

But about the post, I was basing it on my gross sales. On seven million worth of gross sales, my income tax is over $100,000. On seven million worth of sales, I remit must over $1.6 million of the seven million to the government. Somewhere I need to find $1.5 million worth of savings from your plan to come out even. It ain't going to happen even if every supplier and sub passed their savings on to me.

94 posted on 08/19/2005 6:08:30 AM PDT by Always Right
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To: pigdog; Always Right

PD, he must think he's going to have to pay the Fair Tax on all his materials and supplies for building his houses. There is no other explanation. Otherwise, at his income level he would be paying taxes at 35% instead of the Fair Tax rate of 23%. He really should have nothing to gripe about.


101 posted on 08/19/2005 7:09:14 AM PDT by rwrcpa1 (April 15. Let's make it just another day.)
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