Someone explain to me

[achiro]

How someone that doesn't pay any taxes should be due money back?

[SoonerStormchaser]

My thoughts exactly...my wife has a co-worker who always seems to get more back from the IRS than she pays...every freakin year. Should we anonymously report her sorry ***?

[Jerk]

It's easier to ride in the wagon than it is to help pull it.

[achiro]

My thoughts exactly...my wife has a co-worker who always seems to get more back from the IRS than she pays...every freakin year. Should we anonymously report her sorry ***?

According to a finance guy I heard talking on the radio yesterday, Obama's tax plan will make that available to everyone. :confused:

[SoonerStormchaser]

Great...more freeloaders...just what I wanted!

[pergdaddy]

My main concern and thought is that our government's sole purpose in life is To Get Rich or Die Tryin'. And to peese us hard workin' Americans off. But mainly just to get rich.

[SoonerInKCMO]

According to a finance guy I heard talking on the radio yesterday, Obama's tax plan will make that available to everyone. :confused:

Right. As soon as Obama gets in office, we're all getting all the free money we want.

Is it possible that said finance guy is a Republican and a little biased against Obama's tax plan? Or that he's just making **** up to scare people?

[SoonerStormchaser]

Or that he's just making **** up to scare people?

Just like the Donks do EVERY ELECTION with the Repubs taking away Medicare and Social Security from the elderly?

Pot, meet kettle.

[OklahomaTuba]

Its how the donks get their voters.

[SoonerInKCMO]

Just like the Donks do EVERY ELECTION with the Repubs taking away Medicare and Social Security from the elderly?

Pot, meet kettle.

I'm not saying that people on both sides of the aisle don't do this - just pointing out this as an example of the scare tactics so many use.

[SoonerStormchaser]

Yah...I know KC, it's just that some of the more flaming right elements on the board might have taken advantage of that to start a flame fest.

[achiro]

Right. As soon as Obama gets in office, we're all getting all the free money we want.

Is it possible that said finance guy is a Republican and a little biased against Obama's tax plan? Or that he's just making **** up to scare people?

Actually the guy had a couple of things to say about McCains plan as well but it was more about capital gains and some other stuff thats above my pay grade but the whole stealing from the rich to give to the poor thing seemed a little socialistic to me. :(

[r5TPsooner]

How someone that doesn't pay any taxes should be due money back?

They have a fantastic accountant? I wish that I would have had one last year.:(

[soonerbrat]

you mean they don't pay taxes on ANYTHING?
Federal tax on gasoline is $.18/gallon
Oklahoma tax on gasoline is $.17/gallon
state sales tax is $4.5%
city, local and county taxes
even if they don't pay federal income tax they pay Medicare and FICA
property taxes
excise taxes
estate taxes
inheritance taxes
Capital gains taxes
taxes on utilities
taxes on cell phone bills

[Chuck Bao]

I was initially shocked that I got a letter from the IRS in April or May that I was entitled to the "stimulus rebate" or whatever. I hadn't paid US taxes for a long time. I never got the check, so I'm not so shocked anymore.

My accountant recently discovered a regulation that all Americans with combined bank/brokerage overseas accounts of more than US$10,000 must report all of their overseas accounts to the US Treasury Department by June 30 of each year or face a US$10,000 fine.

I have that and I complied. It also raised the dicussion of capital gains and tax treaties with foreign countries.

I've told American investors for years that they don't need to pay capital gains tax in the US on gains made on the Thai stock market because of a tax treaty between the US and Thailand.

I find it pretty funny that an IRS representative told my accountant that the tax treaty only dealt with Thais investing in the US and not Americans investing in Thailand. I know for a fact that Thais are legally forbidden from investing overseas, so that can't be it.

Anyway, I'm honest and I think I should pay what is right. (Nobody else does, but that is besides the point). I finally sold some company shares last year to pay for my new condo and I paid a quite hefty US capital gains tax on it this year.

I can see where US stock market gains are taxed, so should gains on foreign markets. Still, I don't see double taxation as right.

I wonder if I get that "stimulus rebate" check now or not.