Re: Maroon!!

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Re: Maroon!!

Bowser — 12/26/2002 5:56:34 PM (archived)

How do you think people get wealthy? Working by the hour?

Capital gains has traditionally been the least expensive tax to pay. However, there are offsets, and anyone with any brains wouldn't have to pay it.

One great one is the oil depletion allowance. Great way to avoid taxes all together.

Arf

The whole thread (15 posts)

314 mil lotto winner is gonna...... - Dan - 12/26/2002 10:13:31 AM
- I thought the rich didn't pay taxes? - For - 12/26/2002 10:27:16 AM
  - That's the withholding rate not the tax. It remains to be seen how much his tax rate will be. n/t (n/t) - alcaray - 12/27/2002 5:48:07 PM
    - Being off the charts... Its probably pretty close to what he'll pay. - Scott - 12/27/2002 6:04:51 PM
      - I would SO love to be in a position to pay taxes on millions of dollars. (n/t) (n/t) - Tom Brosz - 12/27/2002 7:32:20 PM
        
        Yes, but after taxes he still didn't beat the odds.... - Scott - 12/27/2002 8:56:37 PM
        
        On an investment of $1, he wins $113,000,000.00. And that's not beating the odds? n/t (n/t) - alcaray - 12/27/2002 9:26:24 AM
        
        he got screwed out of $7,000,000.00 statistically speaking... - Scott - 12/27/2002 11:25:17 AM
  - But the top rate used to be 90%...The Democrats long for the Good 'ol days! - Scott - 12/26/2002 10:31:51 AM
    - Maroon!! - Bowser - 12/26/2002 2:55:23 PM
      - Was there an inheritance tax then? - Scott - 12/27/2002 6:12:59 PM
      - Please tell us all how you learned to ignore facts so well. - ebnelson - 12/27/2002 2:35:59 PM
      - Re: Maroon!! - Tom Brosz - 12/26/2002 4:53:22 PM
        
        Re: Maroon!! - Bowser - 12/26/2002 5:56:34 PM
        
        You mean the old tax write-off that used to encourage drilling for domestic oil but no longer exists? - Scott - 12/27/2002 3:54:34 PM

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