[Styparty]

[alex_loudermilk]

Well their effective tax rate is less than people who make less than them so...

[eliniaguilefp7m]

Tax Capital gains (after adjusting for inflation) at the same rates as income tax.

Idiot [/Krazyhorse]

[ImapFidaarram]

Are the very wealthy paying their share?
Of course they aren't. How do you think they got to be wealthy in the first place?

[Wavgbtif]

I am comfortable removing all the tax deductions for charity/mortgage/etc. I am not sure what all tax deductions exist, I know those are the ones the middle class often gets.

JM

[jacknates]

Are the very wealthy paying their share?

Pose this question in a way that somebody can answer reasonably and I will consider doing so.

Is this good? I am pretty sure that KH would say that they should pay even less, since it is capital gains which makes the majority of their income.

The fact that you haven't yet internalized the fact that "income" as usually defined is a meaningless measure makes me wonder about your intelligence, your sincerity, or both.

[dremucha]

The government stole five figures from me for a year-long, interest-free loan and I am only now getting it back.

Not sure if this is really related to the topic, but I must vent.

[QHdy5Z3A]

No choice. CPP, EI (switched jobs half-way through the year, so I paid both year-long), moving expenses, RRSP contributions.

[ultimda horaf]

The fact that you think the time value of money is a "lunatic fringe theory" is amusing

You jump to a conclusion with such certaintly.

[aabbaDE]

So why do you that I might think that money has no time value? Where is your evidence that I believe something which I don't believe?

[kathy]

The fact that you haven't yet internalized the fact that "income" as usually defined is a meaningless measure makes me wonder about your intelligence, your sincerity, or both.

It depends on what you are interested in measuring.

And I do use income as usually defined, because that is how it is usually defined. And I talk about income, because that is what people generally want to talk about and compare.

I recognize your arguments that it isn't the most useful thing to talk about and/or compare, but at the moment I am more interested about how people feel in the 'real world'. If you want some other measure to be the one that people generally talk about and compare, then change the discourse on your own merits. Not by denigrating me.

JM

[spamkillerj]

It depends on what you are interested in measuring.

And I do use income as usually defined, because that is how it is usually defined. And I talk about income, because that is what people generally want to talk about and compare.

I recognize your arguments that it isn't the most useful thing to talk about and/or compare, but at the moment I am more interested about how people feel in the 'real world'. If you want some other measure to be the one that people generally talk about and compare, then change the discourse on your own merits. Not by denigrating me.

JM

Jon, you will get the respect you deserve.

[citicroego]

No wonder you're stuck being an accountant in adelaide.

[RedImmik]

Another thing before I disappear for the weekend. JM lives in the real world whereas you live in your own little fantasy world. There is a thing called "taxable income" in the real world. There is a big fat Tax Act, taxation ruling and a swag of court cases that all seek to define "taxable income". This is a definition for everyone in the country including you. It is the amount you pay tax on at some rate or another. Hard dollars come out of your pocket and go into the tax mans bank account. How meaningless is that?

You must think of the real world, get out of your fantasy world.

Right, the law defines income in some way, therefore this is unambiguously the correct lens through which we should answer the question "are the very wealthy paying their share".

Twit accountants

[xochex]

He also works in academia on things which are virtually entirely government-funded.

[Tic Tac Took]

I am a bit surprised that so few people here on apolyton have changed their discourse to be in your framework, KH.

But that makes this thread more relevant in regards to how people feel... which is a crucial part of how they behave.

JM

[Texdolley]

I'm convinced this whole Sweden thing is a scam. The country doesn't really exist, it's all a deception by the Finns.

I met one of JM's colleagues and he spoke perfect English and looked like a Finn (they have a distinct look to them, we all can admit). The whole thing is very fishy.

Actually everyone (under 57?) here speaks perfect english (except immigrants?).

I am occasionally bothered by the low value of the work I do. But than I think of myself more as an artist than as an engineer, and I feel less bothered.

JM

[paydayuscf]

What's complicated about defining income? Isn't it just the money that you get over a fiscal year?

I think that taxing consumption is better than taxing income. The government should structure taxes to encourage investment and savings (which become investments). A land value tax is ideal, but it would need a supplementary consumption tax to raise the money government needs to get **** done.

[apannamma]

I enjoy what I am doing now much more than what I was doing before. Only some of it it is the people. A lot of it is the quest and (hopefully, at some point in the future) the discovery.

Until last night, I hadn't put in an all nighter since I got back from Canada. I think I was almost looking forward to working (well, getting to see plots/etc).

JM

[JonnTEN]

Did you get out and do much when here? I saw you hit Johnston's Canyon and did some skiing.