The Right-Wing CyberMillionaire Club

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I'm a millionaire too!

I don't understand tax code either!


"Approximately 2% of the American households make more than $250,000 a year and (you may find this hard to believe) a very high percentage of these high-earning go-getting producers spend their days commenting over at Michelle Malkin's place... when they're not busy flying their Lear jets up to Nova Scotia to see the total eclipse of the sun.

Scenes from the Go Go Gaults:

I’ve resigned from my job, and I’m selling my rental properties. After this, I’m moving to a rural little town and simplifying everything. I’ll be reading so many more books soon, if that sort of thing is still allowed.

What motivation do we have to make more money? Only to have it confiscated by the Feds. Bad enough CA just increased a variety of taxes, including the income tax. That’s why I’m looking to move to NV. I was just there on Saturday. Won’t be too long now.

I decided I will endeavor to take more business trips and continuing education classes at exotic places and try to reduce taxable income.

Yep, it’s happening. Several friends are shutting down to sustaining levels. Partly due to housing and the rest due to the tax hikes.

I shut down my online businesses in early November, I don’t remember why. I’m now a net user of Obama Cheese. I may even apply for food stamps.

Small businesses will lay off employees, and I hope the first to go are the ones that voted for bho. They wanted ‘hope and change’, well you got it. These bho voters have NO idea how much more taxes they are going to be paying. I just hope those bho voters have their IRA, 401k and stocks cratered as much as those who DID not vote for bho. Such(sic) it up kids!

I’m starting my victory garden this spring. My sister is expanding hers and in exchange for my helping with that I will be able to claim some of the produce. I’ve been couponing for over a year now and have a nice stockpile of food for when things get really, really bad. I can’t believe that my country is on this path. From Ronald Reagan to this Marxist in the span of one generation. Unbelievable.

I have a friend who is planning to not work overtime this year to stay well below the dangerous benchmark that is 250k. His point was that he might as well take some time off and enjoy and relax rather than work and give every dollar above 250 away. I don’t blame his reasoning and the loss is, he spends his money.

I told my wife that we may need to be prepared to move to another country - one with a strong American community, of course - because of the excessive tax and regulatory burden placed on businesses w/in the Continental U.S. What is happening in California will soon be extrapolated to the the other states. When the usurpers are at last exposed for who they truly are and when we can return to common sense, we’ll depose them and take back what is rightfully ours — a culture of civility based on Natural
Law/Judeo-Christian ethics, and the rule-of-law Republic that the Founders envisioned.

...and my personal favorite:

We also have “gone Galt”. Hubby decided to retire and start Medicare instead of our original plan of waiting two years.
http://tbogg.firedoglake.com/2009/03/02/youre-in-the-high-rent-district/
 
Darla said:
I'm going Gault too! I'm going to close my business and go on welfare! I will show them! Marxists!
Click to expand...

Actually this isn't even funny, because I do actually have a business, though i make far less than 250k and I have no one working for me. In order for this to be really MalkinGaultist, I'd have to have no business, work in Wal-Mart and post on Malkin's site when I get off claiming that I am going to close my big business, lay off all my workers, and go live the good life in Tijuana.

This is some good shit here.
 
Darla said:
Actually this isn't even funny, because I do actually have a business, though i make far less than 250k and I have no one working for me. In order for this to be really MalkinGaultist, I'd have to have no business, work in Wal-Mart and post on Malkin's site when I get off claiming that I am going to close my big business, lay off all my workers, and go live the good life in Tijuana.

This is some good shit here.
Click to expand...

LOL
Darla at work... Ding Dong! Avon Calling

View attachment 150
 
Oh dear..another hardon thread for a conservative from a liberal..speaking about Rush must of got boring:cof1:
 
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when my house is paid in full (in about 8years) i will be changing to part time work or govt work.. no reason to work harder and lose all the low income benefits at that point. ill still have enough cash to pay my prop taxes, drive a good car and go on like 6 vacations a year. (not that i need to since my house is on a lake in a vacation town)
 
Chapdog said:
when my house is paid in full (in about 8years) i will be changing to part time work or govt work.. no reason to work harder and lose all the low income benefits at that point. ill still have enough cash to pay my prop taxes, drive a good car and go on like 6 vacations a year. (not that i need to since my house is on a lake in a vacation town)
Click to expand...

One American dream is to work hard, pay off your house, and either retire early or cut way back.

If you can pull that off a decade from now just before you're 50, good for you.

I fail to see what that has to do with this thread, but good news is always nice.
 
there is some truth to the idea of motivation. there is a theory in economics i need to think about to remember. its like a bell curve where once tax gets to certain level production goes down. something like the optimal tax tolerance curve.

Edit.. just remembered: Laffer curve
 
Chapdog said:
there is some truth to the idea of motivation. there is a theory in economics i need to think about to remember. its like a bell curve where once tax gets to certain level production goes down. something like the optimal tax tolerance curve.
Click to expand...

Yeah, a small tax increase on what's earned over and above your first 250k, doesn't break any curve.

I wish it were true that there were a bunch of these high-earners out there who were going to be closing their business; that'd open huge opportunities for the eager, smart, and hungry.

But it's a fairy tale told by an idiot and believed by them too.
 
Darla said:
Abba I've given you this advice before, but I believe it bears repeating:

When you have nothing to say; say nothing.
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stop friggin calling me by your delusional in your head friend(Abba)...sheesh seek help my friend..
 
Chapdog said:
there is some truth to the idea of motivation. there is a theory in economics i need to think about to remember. its like a bell curve where once tax gets to certain level production goes down. something like the optimal tax tolerance curve.

Edit.. just remembered: Laffer curve
Click to expand...

lol wtf. Okay fine after I post it.
 
This is what they do; it was the same when "Joe the Plumber" first broke on the scene. He, and so many others, only wish they fell into that bracket.

And guess what? If you do make over $250K, your taxes go up a few % for any amount OVER that. It's so completely disingenuous to say that the gov't is confiscating everything above that, so what's the use?

You have to really check your brain at the door to make the kinds of arguments I'm hearing from the right this year. I hope Congress can follow through w/ Obama's proposed investment in education, because we really need it.
 
Darla said:
Yeah, a small tax increase on what's earned over and above your first 250k, doesn't break any curve.

I wish it were true that there were a bunch of these high-earners out there who were going to be closing their business; that'd open huge opportunities for the eager, smart, and hungry.

But it's a fairy tale told by an idiot and believed by them too.
Click to expand...

ehhhh wrong

before this last year my effective rates were around 12-15%.. i went over some agi benchmarks and it wasn't just my income over x $$ it was the loss of tons of tax breaks due to being over a limit. so technically my taxes didn't go up per say on that money under x$$$ but it did go up in regards to all the lost deductions.. For example I paid almost 10k in child care.. none could be written off this year. LAst year i was able to write off 5k.. that is a significant tax increase.
 
Onceler said:
This is what they do; it was the same when "Joe the Plumber" first broke on the scene. He, and so many others, only wish they fell into that bracket.

And guess what? If you do make over $250K, your taxes go up a few % for any amount OVER that. It's so completely disingenuous to say that the gov't is confiscating everything above that, so what's the use?

You have to really check your brain at the door to make the kinds of arguments I'm hearing from the right this year. I hope Congress can follow through w/ Obama's proposed investment in education, because we really need it.
Click to expand...

see post above.. its all in the loss of tax breaks.
 
Onceler said:
This is what they do; it was the same when "Joe the Plumber" first broke on the scene. He, and so many others, only wish they fell into that bracket.

And guess what? If you do make over $250K, your taxes go up a few % for any amount OVER that. It's so completely disingenuous to say that the gov't is confiscating everything above that, so what's the use?

You have to really check your brain at the door to make the kinds of arguments I'm hearing from the right this year. I hope Congress can follow through w/ Obama's proposed investment in education, because we really need it.
Click to expand...

I actually can't believe this, but I forgot about Joe The not a plumber Plumber's fake story about how he made over 250k a year and was poised to buy his boss' business.

ROTFLMAO

Yeah, perfect example.
 
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