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Posted: 9/12/2022 2:44:20 PM EDT
[#1]
Quote HistoryQuoted: Good, taxation is theft. I disagree. But double taxation is. No reason why a simple transfer between family members needs to be taxed when it was taxed to death when it was income. |
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Posted: 9/12/2022 2:44:39 PM EDT
[#2]
Quote HistoryQuoted: Yep ...this and depreciation FTW. 179 is limited to a bit more than a million tho.  SEP IRA as well Quote HistoryQuoted: Quoted: Quoted: Quoted: Idk what arfcom pays in taxes but...I'm pretty sure our elected officials keep lying to us, because I'm not super wealthy, I don't own large tracts of land, I don't own a big business, and I pay way more than 5%. If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. Yep what I do, is that I get my CPA to kick out my AGI and then how ever much is above $24,000 a year, I buy F-250s with that amound of money to write it off via section 179 Yep ...this and depreciation FTW. 179 is limited to a bit more than a million tho. SEP IRA as well SEP is nice, but doesn't get rid of FICA like 179 Also, Grant Cardone is full of shit, he claimed to have wrote off a whole Jet in one year. Yet his jet was claimed to be more than 1mil |
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Posted: 9/12/2022 2:45:27 PM EDT
[#3]
Quote HistoryQuoted: I disagree. But double taxation is. No reason why a simple transfer between family members needs to be taxed when it was taxed to death when it was income. Quote HistoryQuoted: Quoted: Good, taxation is theft. I disagree. But double taxation is. No reason why a simple transfer between family members needs to be taxed when it was taxed to death when it was income. you just need to make notation on your tax return, gift while alive can come off lifetime tax exemptioon of your estate exemption. |
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Posted: 9/12/2022 2:49:37 PM EDT
[#4]
Quote HistoryQuoted: SEP is nice, but doesn't get rid of FICA like 179 Also, Grant Cardone is full of shit, he claimed to have wrote off a whole Jet in one year. Yet his jet was claimed to be more than 1mil True - no single strategy captures all benefits. FICA caps at what $150K this year tho? Fractional maybe? Grants from LA - I'll hafta read up on him |
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Posted: 9/12/2022 2:53:25 PM EDT
[#5]
Quote HistoryQuoted: True - no single strategy captures all benefits. FICA caps at what $150K this year tho? Fractional maybe? Grants from LA - I'll hafta read up on him Quote HistoryQuoted: Quoted: SEP is nice, but doesn't get rid of FICA like 179 Also, Grant Cardone is full of shit, he claimed to have wrote off a whole Jet in one year. Yet his jet was claimed to be more than 1mil True - no single strategy captures all benefits. FICA caps at what $150K this year tho? Fractional maybe? Grants from LA - I'll hafta read up on him yep 147,000 the only way I can see Cardone writing off a whole jet, because he stated whole damn jet in the jake paul interview, is that I would assume is Bought a 5mil jet through 5 companies as indie owners, then each company could write it off. Seems like any auditor would see right through that one |
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Posted: 9/12/2022 3:01:19 PM EDT
[#6]
Quote HistoryQuoted: I'd like to learn something for all the taxation is theft people are you just referring to federal taxes? How would the highways get paved, etc? Private individuals can do everything better than the government can do anything. |
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Posted: 9/12/2022 3:04:24 PM EDT
[#7]
Quote HistoryQuoted: yep 147,000 the only way I can see Cardone writing off a whole jet, because he stated whole damn jet in the jake paul interview, is that I would assume is Bought a 5mil jet through 5 companies as indie owners, then each company could write it off. Seems like any auditor would see right through that one Quote HistoryQuoted: Quoted: Quoted: SEP is nice, but doesn't get rid of FICA like 179 Also, Grant Cardone is full of shit, he claimed to have wrote off a whole Jet in one year. Yet his jet was claimed to be more than 1mil True - no single strategy captures all benefits. FICA caps at what $150K this year tho? Fractional maybe? Grants from LA - I'll hafta read up on him yep 147,000 the only way I can see Cardone writing off a whole jet, because he stated whole damn jet in the jake paul interview, is that I would assume is Bought a 5mil jet through 5 companies as indie owners, then each company could write it off. Seems like any auditor would see right through that one Well, I don't think any Net Jet customer explains the specifics to his clients or friends  But if that's what he stated, seems shyster. Looking briefly at his online info, fits. |
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Posted: 9/12/2022 3:05:23 PM EDT
[#8]
It's good to be the king.
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Posted: 9/12/2022 3:05:35 PM EDT
[#9]
Quote HistoryQuoted: Well, I don't think any Net Jet customer explains the specifics to his clients or friends But if that's what he stated, seems shyster. Looking briefly at his online info, fits. Quote HistoryQuoted: Quoted: Quoted: Quoted: SEP is nice, but doesn't get rid of FICA like 179 Also, Grant Cardone is full of shit, he claimed to have wrote off a whole Jet in one year. Yet his jet was claimed to be more than 1mil True - no single strategy captures all benefits. FICA caps at what $150K this year tho? Fractional maybe? Grants from LA - I'll hafta read up on him yep 147,000 the only way I can see Cardone writing off a whole jet, because he stated whole damn jet in the jake paul interview, is that I would assume is Bought a 5mil jet through 5 companies as indie owners, then each company could write it off. Seems like any auditor would see right through that one Well, I don't think any Net Jet customer explains the specifics to his clients or friends But if that's what he stated, seems shyster. Looking briefly at his online info, fits. yeah GC is a total shyster. You should see how he puts his private placement real estate funds together. |
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Posted: 9/12/2022 3:10:52 PM EDT
[#10]
Quote HistoryQuoted: yeah GC is a total shyster. You should see how he puts his private placement real estate funds together. Eh syndicators are right there with MLMs - but peeps fail to learn. Were taking this thread sideways - starts a dumbass investor thread  |
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Posted: 9/12/2022 3:13:47 PM EDT
[#11]
Quote HistoryQuoted: Eh syndicators are right there with MLMs - but peeps fail to learn. Were taking this thread sideways - starts a dumbass investor thread Quote HistoryQuoted: Quoted: yeah GC is a total shyster. You should see how he puts his private placement real estate funds together. Eh syndicators are right there with MLMs - but peeps fail to learn. Were taking this thread sideways - starts a dumbass investor thread |
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Posted: 9/12/2022 3:15:01 PM EDT
[#12]
Quote HistoryQuoted: Good, taxation is theft. Monarchy is theft. |
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Posted: 9/12/2022 3:15:39 PM EDT
[#13]
An inheritance tax is unjust. Those assets have already been taxed at least once.
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Posted: 9/12/2022 3:16:30 PM EDT
[#14]
Quote HistoryQuoted: Monarchy is theft. Quote HistoryQuoted: Quoted: Good, taxation is theft. Monarchy is theft. humans have to be led by someone, lack of leadership forces humanity to fall to pieces |
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Posted: 9/12/2022 3:18:56 PM EDT
[#15]
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Posted: 9/12/2022 3:21:42 PM EDT
[#16]
Quote HistoryQuoted: Monarchy is theft. With how much of a dumpster fire our political system is now, I’m beginning to be less critical of monarchies. |
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Posted: 9/12/2022 3:22:02 PM EDT
[#17]
Quote HistoryQuoted: Good, taxation is theft. |
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Posted: 9/12/2022 3:23:05 PM EDT
[#18]
Quote HistoryQuoted: Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? Quote HistoryQuoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? This |
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Posted: 9/12/2022 3:31:37 PM EDT
[#19]
Quote HistoryQuoted: This Quote HistoryQuoted: Quoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn't have to pay but everyone else in the kingdom does? This Is GD actually asking why a SOVEREIGN is receiving special treatment? LOL we just had a thread on Diana's specially made for the Crown one off Ford Escort Turbo. Its pretty much definitional. The facts there are any constraints are laudable, but Brits are traditionalists. |
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Posted: 9/12/2022 3:32:07 PM EDT
[#20]
I thought that technically everything there belonged to the king and/or queen anyway.
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Posted: 9/12/2022 3:35:11 PM EDT
[#21]
Quote HistoryQuoted: humans have to be led by someone, lack of leadership forces humanity to fall to pieces |
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Posted: 9/12/2022 3:39:05 PM EDT
[#22]
Quote HistoryQuoted: Private individuals can do everything better than the government can do anything. The Tic-Tac UFO was a joint project between the Boy Scouts of America and a local weeknight HVAC trade school class |
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Posted: 9/12/2022 3:47:16 PM EDT
[#23]
Quote HistoryQuoted: If this is property under Crown Estate, there's constraints. Even the monarch is prohibited from selling, which is the primary test of "ownership". At best he's gained control. So if the UK Gov has imposed limited agency I see no issue with limited liabilities RIF - its Lancaster which is the private estate of the sovereign. Still no issue as the sovereign can't access other methods rich puffs in the UK use in avoidance (LOL Monaco) - it'd dilute the Crowns resources as well. Long as they put up with the system, the rules gonna favor. Quote HistoryQuoted: Quoted: Good, taxation is theft. If this is property under Crown Estate, there's constraints. Even the monarch is prohibited from selling, which is the primary test of "ownership". At best he's gained control. So if the UK Gov has imposed limited agency I see no issue with limited liabilities RIF - its Lancaster which is the private estate of the sovereign. Still no issue as the sovereign can't access other methods rich puffs in the UK use in avoidance (LOL Monaco) - it'd dilute the Crowns resources as well. Long as they put up with the system, the rules gonna favor. You made me LOL with the use of Poofs…well done!!! |
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Posted: 9/12/2022 3:48:01 PM EDT
[#24]
Quote HistoryQuoted: The Tic-Tac UFO was a joint project between the Boy Scouts of America and a local weeknight HVAC trade school class B A S E D |
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Posted: 9/12/2022 3:49:22 PM EDT
[#25]
Inheritance tax is evil, regardless.
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Posted: 9/12/2022 3:49:31 PM EDT
[#26]
Quote HistoryQuoted: Poor people can save money on taxes too if they get a sharp CPA. But they don't. |
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Posted: 9/12/2022 3:49:36 PM EDT
[#27]
Quote HistoryQuoted: Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? 1776 season BAYBEEEEEE
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Posted: 9/12/2022 3:57:55 PM EDT
[#28]
Quote HistoryQuoted: Muh Roads! AnD THe CHilllLLLdReNZ! |
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Posted: 9/12/2022 3:58:42 PM EDT
[#29]
Quote HistoryQuoted: You made me LOL with the use of Poofs well done!!! Quote HistoryQuoted: Quoted: Quoted: Good, taxation is theft. If this is property under Crown Estate, there's constraints. Even the monarch is prohibited from selling, which is the primary test of "ownership". At best he's gained control. So if the UK Gov has imposed limited agency I see no issue with limited liabilities RIF - its Lancaster which is the private estate of the sovereign. Still no issue as the sovereign can't access other methods rich puffs in the UK use in avoidance (LOL Monaco) - it'd dilute the Crowns resources as well. Long as they put up with the system, the rules gonna favor. You made me LOL with the use of Poofs well done!!! Coming from you, I'm chuffed? Glad you escaped. I admire Brits and cherish our special relationship. But I find aspects inscrutable; royal worship tops the list. |
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Posted: 9/12/2022 4:00:08 PM EDT
[#30]
Taxation is theft.
I encourage all people world-wide to avoid paying as much taxes as possible. Be they |
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Posted: 9/12/2022 4:03:04 PM EDT
[#31]
So that's how they pass the duchy...
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Posted: 9/12/2022 4:04:57 PM EDT
[#32]
Quote HistoryQuoted: Good, taxation is theft. Charles and his ancestors are the thieves. |
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Posted: 9/12/2022 4:08:49 PM EDT
[#33]
It was England's involvement in WWI that put an end to the traditional way of life, with butlers, maids, footmen and stable boys caring for the estate.
The losses in France dried up the manpower pool and to help pay for the war new taxes on the wealthy were imposed, a footman had nothing worth taxing. The bankers that brokered the loans made out quite well though. |
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Posted: 9/12/2022 4:10:22 PM EDT
[#34]
FPNI again!
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Posted: 9/12/2022 4:20:49 PM EDT
[#35]
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Posted: 9/12/2022 4:23:03 PM EDT
[#36]
Quote HistoryQuoted: Probably a law dating from when the Monarchy had to fund the government and the military. Doesn't move the needle for me. Interesting though. Quote HistoryQuoted: Probably a law dating from when the Monarchy had to fund the government and the military. Doesn't move the needle for me. Interesting though. A law passed by Parliament in 1993 exempts the king from paying taxes on property inherited from the passing of another monarch. |
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Posted: 9/12/2022 4:24:29 PM EDT
[#37]
Quote HistoryQuoted: A king's income is literally derived from taxes...who the fuck would he pay taxes to?  Yes, but not all of their income: The king will not have to pay estate taxes on the newly inherited Duchy of Lancaster property valued at over $750 million. The 45,000-acre estate brought in more than $27 million for the queen last year and includes a luxurious hotel. |
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Posted: 9/12/2022 4:41:54 PM EDT
[#38]
Quote HistoryQuoted: Charles and his ancestors are the thieves. Quote HistoryQuoted: Quoted: Good, taxation is theft. Charles and his ancestors are the thieves. finders keepers playa |
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Posted: 9/12/2022 4:46:02 PM EDT
[#39]
I was respectful about the death of the Queen.
But this shit? Who gives a fuck? Why do you give a fuck? |
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Posted: 9/12/2022 4:57:39 PM EDT
[#40]
Quote HistoryQuoted: Charles and his ancestors are the thieves. Quote HistoryQuoted: Quoted: Good, taxation is theft. Charles and his ancestors are the thieves. As are everyone's. What's your point? "The world was a brutish place"? Well, it will be again, sooner than anyone would care for. |
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Posted: 9/12/2022 5:14:54 PM EDT
[#41]
As Mel Brooks said, “It’s good to be the king.”
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Posted: 9/12/2022 5:58:39 PM EDT
[#42]
Quote HistoryQuoted: Is GD actually asking why a SOVEREIGN is receiving special treatment? LOL we just had a thread on Diana's specially made for the Crown one off Ford Escort Turbo. Its pretty much definitional. The facts there are any constraints are laudable, but Brits are traditionalists. Quote HistoryQuoted: Quoted: Quoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn't have to pay but everyone else in the kingdom does? This Is GD actually asking why a SOVEREIGN is receiving special treatment? LOL we just had a thread on Diana's specially made for the Crown one off Ford Escort Turbo. Its pretty much definitional. The facts there are any constraints are laudable, but Brits are traditionalists. Its just an immunity. Its not as if you do not have anybody here with immunities. |
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Posted: 9/12/2022 6:03:52 PM EDT
[#43]
Quote HistoryQuoted: Yes, but not all of their income: The king will not have to pay estate taxes on the newly inherited Duchy of Lancaster property valued at over $750 million. The 45,000-acre estate brought in more than $27 million for the queen last year and includes a luxurious hotel. Again, how would "the crown" pay taxes to The Crown? I realize British monarchs have chosen to abstain from most affairs of state for longer than I've been alive, but at the end of the day...they're still the legal heads of state. Is there a separate crown fund they're not allowed to access? I honestly don't know... |
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Posted: 9/12/2022 6:12:37 PM EDT
[#44]
I remember reading that the estate makes a shitload of money every year, and 75% of it goes back to their treasury.
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Posted: 9/12/2022 6:32:54 PM EDT
[#45]
Quote HistoryQuoted: Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? Quote HistoryQuoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? It's called strategically targeted theft by decree. Because he who has the gold, makes the rules for thee, not for he. |
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Posted: 9/12/2022 6:40:02 PM EDT
[#46]
Quote HistoryQuoted: Yes, but not all of their income: The king will not have to pay estate taxes on the newly inherited Duchy of Lancaster property valued at over $750 million. The 45,000-acre estate brought in more than $27 million for the queen last year and includes a luxurious hotel. The Royal Family's income comes from their Duchy of Lancaster income and the Sovereign Grant where the Government gives them just 25% of the income generated from the MONARCHY holdings. |
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Posted: 9/12/2022 6:40:46 PM EDT
[#47]
Quote HistoryQuoted: Again, how would "the crown" pay taxes to The Crown? I realize British monarchs have chosen to abstain from most affairs of state for longer than I've been alive, but at the end of the day...they're still the legal heads of state. Is there a separate crown fund they're not allowed to access? I honestly don't know... 75% of the Monarchy Holding income gets robbed by the government. |
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Posted: 9/12/2022 6:41:15 PM EDT
[#48]
Quote HistoryQuoted: UK's inheritance tax is high AF. There’s normally no Inheritance Tax to pay if either: the value of your estate is below the £325,000 threshold you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club what kind of bullshit is that. They risk the successor saying fuck off and taking his income from the crown estates vs giving it to the treasury in exchange for a paltry allowance called the "sovereign grant" from Parliament. It's like 15% the annual income he would otherwise be entitled to. Kharn |
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Posted: 9/12/2022 6:47:00 PM EDT
[#49]
I believe I read somewhere that the Queen voluntarily paid taxes on most of the earnings during her reign.
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Posted: 9/12/2022 6:57:11 PM EDT
[#50]
Quote HistoryQuoted: Poor people can save money on taxes too if they get a sharp CPA. But they don't. LOL no. Poor people would be stupid to itemize. |
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