U.S. Rich may have to sell a yacht or two to pay higher taxes

Discussion in 'Politics and News' started by dmcowen674, Dec 10, 2012.

  1. Darwin333

    Darwin333 Lifer

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    What physical cliff are you speaking of and why would the rich fall off of it? Do you intend on pushing them because I do believe that would be considered murder?
     
  2. cybrsage

    cybrsage Lifer

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    Ask him about his collection of little girl toys.
     
  3. Darwin333

    Darwin333 Lifer

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    Umm, not sure if I want to without more info........

    Are we talking about barbie and my little pony stuff or are we talking battery operated "girl toys"?
     
  4. cybrsage

    cybrsage Lifer

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    Little Pony Stuff is all he is publically willing to demean himself with.
     
  5. ShintaiDK

    ShintaiDK Lifer

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    The court didnt reject the 75% tax. Simply the method suggested. So the law just needs a few adjustments (thats currently under way to comply with the supremre courts ruling) and its ready to go into effect.
     
  6. brianmanahan

    brianmanahan Lifer

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    i hope i never have a successful business endeavour

    because if i do, dmcowen will hate me by default :(
     
  7. dmcowen674

    dmcowen674 No Lifer

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    What makes you think I like you now as a failure that you are?
     
  8. ichy

    ichy Diamond Member

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    I would consider being hated by a pathetic little man like him to be badge of honor.
     
  9. DCal430

    DCal430 Diamond Member

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    You know what will be a good idea if the rich start fleeing the U.S from tax increases we should have a party at the airport they are flying out of. A government official could be there and read a decree that they are banished from the U.S forever. People could celebrate one of the evil rich being banished from our country.
     
  10. dmcowen674

    dmcowen674 No Lifer

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    If they fly out of O'Hare in Chicago I can be there for the send offs. :thumbsup:
     
  11. dmcowen674

    dmcowen674 No Lifer

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    1-5-2013

    http://finance.yahoo.com/news/wealthy-may-defer-income-curb-231836567.html

    Wealthy may defer income, curb some spending after U.S. cliff deal



    With the fiscal cliff avoided and U.S. tax rates rising for higher income households, financial advisers have gone into overdrive to help their clients mitigate the negative effects while trying to benefit from the greater clarity.


    For those living beyond their means or close to it, such a tax rise could force them to cut spending by selling a holiday home or a yacht or curb dining out at expensive restaurants.


    To feel comfortable, they may need to trim spending, alter investments or, in the worst case, sell one of two properties they own on Nantucket island in Massachusetts
     
  12. Throckmorton

    Throckmorton Lifer

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    Monopolies got along just fine before colluding with government... The free market didn't work. We tried it for thousands of years.
     
  13. 3chordcharlie

    3chordcharlie Diamond Member

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    The great thing about yachts is they automatically have negative value. They are the ultimate sink for disposable income.
     
  14. 3chordcharlie

    3chordcharlie Diamond Member

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    How exactly was the free market supposed to go naturally and perfectly about it's business of magically solving every possible problem, without intervention, when we hadn't even invented it yet?