[Tiberius]

Honestly I'm gonna vote for whoever lowers my taxes. Come on and show some love for the top bracket.

[Frank Costanza]

Originally Posted by Tiberius

Honestly I'm gonna vote for whoever lowers my taxes. Come on and show some love for the top bracket.

Then you will vote Republican. Democrats will never lower taxes..quite the opposite.

[zbtboy]

Originally Posted by Bobo

Then you will vote Republican. Democrats will never lower taxes..quite the opposite.

Funny...I live in a local government thats heavily republican (State government too) and my taxes have gone up quite a bit in the last 6 years. And other than the that huge $250 rebate i get, i dont remember having my taxes cut by this administration. Lowering taxes is nothing but a tag line that the right uses to get votes.

[Frank Costanza]

Originally Posted by zbtboy

Funny...I live in a local government thats heavily republican (State government too) and my taxes have gone up quite a bit in the last 6 years. And other than the that huge $250 rebate i get, i dont remember having my taxes cut by this administration. Lowering taxes is nothing but a tag line that the right uses to get votes.

I've had my income, and property taxes go down as well as my home owners insurance that has been cut by 30%.

Its the result of a newly elected Republican governor because thats what he said he was going to do once elected. He did it. So there is your tagline.

[zbtboy]

Originally Posted by Bobo

I've had my income, and property taxes go down as well as my home owners insurance that has been cut by 30%.

Its the result of a newly elected Republican governor because thats what he said he was going to do once elected. He did it. So there is your tagline.

Hey, there are always exceptions.

[Frank Costanza]

Originally Posted by zbtboy

Hey, there are always exceptions.

Of course, but even challenging the notion that Republicans for the most part don't lower taxes and want smaller government is the equivalent to stating liberals want privatized health care.

Stating its a tag line to get votes is quite funny because for the most part Bush did lower taxes......Democrats still haven't stopped the war and thats what got them elected. They actually funded it more.


"Americans' Confidence in Congress at All-Time Low
Confidence in most institutions drops

by Frank Newport

GALLUP NEWS SERVICE

PRINCETON, NJ -- The percentage of Americans with a "great deal" or "quite a lot" of confidence in Congress is at 14%, the lowest in Gallup's history of this measure -- and the lowest of any of the 16 institutions tested in this year's Confidence in Institutions survey. It is also one of the lowest confidence ratings for any institution tested over the last three decades. "

[Tiberius]

Originally Posted by Bobo

Then you will vote Republican. Democrats will never lower taxes..quite the opposite.

Well, that's a little bit of a generalization. But yeah the vast majority of socialists ..... i mena democrats, like to tax tax tax. And when they dont' tax everyone at the very least they hose my bracket.

I know I'm not the average guy, but I like to live modestly. I don't really care about having fancy cars, a mid level BMW is plenty for me. My house isn't that big because what the heck would I do with the extra space? Property ain't too big because what the heck would I do with the extra space?

So, I usually find myself only needing like 100 grand a year. WHat do I do with the rest? Usually I reinvest it in my business. I expand. More jobs for folks in the area.

My favorite thing to do with the extra money though is a little hobby of mine. I go shopping through the listing of properties that owe a lot of back taxes. I contact those people and get to know them. If they are cool, hard working people who either had something bad happen or are just struggling to make ends meet, I buy their house, put them up in a hotel, fix up the place, and then sell it back to them for $1. I got inspired by that show Extreme Makeover Home Edition. Man I love that stuff. Makes me cry every time and I'm not ashamed to say it.

Anyway, you should see the look on people's faces when it happens. Let me tell you that's like the biggest "high" you could ever get. Cus not only do I get to save these people's homes, I get a chance to give back to the community. These folks are hard workers, and typically when folks like these lose their house, their life is over. They stop working, they get into drugs to escape, and sometimes even stoop to crime. These are good folks who deserve a break, and it's the greatest feeling in the world for me to be able to give it to them.


Yeah so back on topic, the lower my taxes are, the more people I can help out, and the more people my company can employ.

[Frank Costanza]

Originally Posted by Tiberius

Well, that's a little bit of a generalization. .

Well of course but its basically a talking point. And in your case, with capital gains being effected (since Bush dropped them to 15%), Republicans are definitely more on your side. That doesnt mean one is right or wrong...its just the facts.

[Tiberius]

Originally Posted by Bobo

Well of course but its basically a talking point. And in your case, with capital gains being effected (since Bush dropped them to 15%), Republicans are definitely more on your side. That doesnt mean one is right or wrong...its just the facts.

Oh there are plenty of ways around capital gains thanks to stuff like CRTs.

[Frank Costanza]

Originally Posted by Tiberius

Oh there are plenty of ways around capital gains thanks to stuff like CRTs.

That wasn't the point. Creative accounting is a given.

[Tiberius]

Originally Posted by Bobo

That wasn't the point. Creative accounting is a given.

Creative accounting isn't possible without tax shelters like CRTs. The tax laws regarding CRTs IIRC were revised by the Republican Congress. The same guys that balanced the budget; but diehard democrats have this tendancy to credit Clinton with that one for some reason.

IN any case though, there's only so much creative accounting can do. If I wanted to I could avoid taxes altogether just about, but that would limit my spending options significantly.

[Frank Costanza]

Originally Posted by Tiberius

Creative accounting isn't possible without tax shelters like CRTs. The tax laws regarding CRTs IIRC were revised by the Republican Congress. The same guys that balanced the budget; but diehard democrats have this tendancy to credit Clinton with that one for some reason.

IN any case though, there's only so much creative accounting can do. If I wanted to I could avoid taxes altogether just about, but that would limit my spending options significantly.

Creative accounting always existed and many of times it had nothing to do with modern day tax shelters. Its just a bit easier now domestically.

The point was, Republicans are much more tax friendly than the Dems. As for your personal financial options, good for you. Have a blast. Those of us who own business's know that when it comes down to it, we choose what we want to pay. I'd rather have more options than less....therefore I lean right. Having an accountant that sits on the tax board helps as well.