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Mon Mar 31, 2014, 10:13 PM

 

Five times as big. Five fucking times.

42 replies, 11778 views

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Reply Five times as big. Five fucking times. (Original post)
Scuba Mar 2014 OP
Oscarmonster13 Mar 2014 #1
Auntie Bush Mar 2014 #3
Journeyman Mar 2014 #4
Scuba Apr 2014 #10
Enthusiast Apr 2014 #11
LuvNewcastle Apr 2014 #14
a kennedy Apr 2014 #16
Gidney N Cloyd Apr 2014 #21
allan01 Apr 2014 #25
Scuba Apr 2014 #26
Chellee Apr 2014 #31
treestar Apr 2014 #18
joeglow3 Apr 2014 #30
Mosby Apr 2014 #32
hue Apr 2014 #33
niyad Mar 2014 #2
99Forever Mar 2014 #5
NBachers Mar 2014 #6
JohnnyRingo Apr 2014 #7
Recursion Apr 2014 #8
JayhawkSD Apr 2014 #9
demwing Apr 2014 #15
JayhawkSD Apr 2014 #28
demwing Apr 2014 #29
JayhawkSD Apr 2014 #38
hue Apr 2014 #34
Enthusiast Apr 2014 #12
DiverDave Apr 2014 #13
Doctor_J Apr 2014 #17
CFLDem Apr 2014 #19
SomethingFishy Apr 2014 #20
DesertDiamond Apr 2014 #22
freebrew Apr 2014 #23
allan01 Apr 2014 #24
TrollBuster9090 Apr 2014 #27
HughBeaumont Apr 2014 #39
TrollBuster9090 Apr 2014 #41
SunSeeker Apr 2014 #35
GoneFishin Apr 2014 #36
3catwoman3 Apr 2014 #37
bigwillq Apr 2014 #40
blkmusclmachine Apr 2014 #42

Response to Scuba (Original post)

Mon Mar 31, 2014, 10:15 PM

1. staggering

definitely food for thought...and fuel for the rage against the 1% >

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Response to Oscarmonster13 (Reply #1)

Mon Mar 31, 2014, 10:27 PM

3. I've been telling my son who has been making some good

money and has been complaining about his taxes being high because the poor are Lazy etc. I've been sending him a lot of cartoons and graphs showing how it isn't the poor's fault that taxes are high. If corporations and millionaires paid their fair share of taxes we wouldn't even have a deficit and certainly wouldn't have to cut food stamps. We certainly need to change our tax code.

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Response to Auntie Bush (Reply #3)

Mon Mar 31, 2014, 10:55 PM

4. Yes, your son's taxes would be lower if the wealthy didn't squelch their obligations . . .

I suspect all our taxes are proportionally higher for this reason, rather than that the needy avail themselves of useful programs.


You might do well to tell your son that on the tower of Konigsberg's Green Gate, this legend was etched in gilded letters:

Vultus fortunae variatur imagine lunae: Crescit, descrescit, constans persistere nescit.

It means the face of fortune varies and knows not how to remain steadfast.

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Response to Auntie Bush (Reply #3)

Tue Apr 1, 2014, 06:42 AM

10. Here's one for your son ....

 

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 07:20 AM

11. Thanks for that. +1!

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 08:00 AM

14. Excellent!

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 08:21 AM

16. I am taking this Scuba......thanks.

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 10:50 AM

21. That needs it's own thread, Scuba!

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 12:27 PM

25. re: Here's one for your son ....

hi, where can one get your graph? plseas pm me . thanks

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Response to allan01 (Reply #25)

Tue Apr 1, 2014, 12:28 PM

26. Right click on the pic, then save it.

 

Additional tech support available at my standard rate of $175/hour, $1,000 retainer required.

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Response to Scuba (Reply #10)

Tue Apr 1, 2014, 01:44 PM

31. Ooooh....

Thank you.

There are a few people at work that need to see this.

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Response to Oscarmonster13 (Reply #1)

Tue Apr 1, 2014, 08:44 AM

18. Who is doing the evading?

The 1% probably have legal theories and lawyers to argue the questions. A breakdown of this 400 million might be in order, as it could well be a large number of smaller people. And what are they deeming evasion. The worst people for paying taxes sometimes is the smaller time self employed.

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Response to treestar (Reply #18)

Tue Apr 1, 2014, 01:08 PM

30. EXACTLY There is a difference between tax avoidance and tax evasion

 

The 1% are rarely doing tax evasion. They have the attorneys for tax avoidance.

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Response to treestar (Reply #18)

Tue Apr 1, 2014, 02:00 PM

32. A lot of it is the underground economy

I see them at the bank, making large cash withdrawls into the 5 figures. All the bank employees know what's going on. Meanwhile when I deposit more than 10K in cash from my store I have to show ID, provide my SS# and fill out a federal form.

People aren't going to like this but the government could take just a couple steps and make it much harder to pay people under the table, like requiring some sort of reporting when pulling more than 5K for example out of a bank. Eliminating 50s and 100s would also help, it would make it harder to move money out of the country. Eliminating cash altogether would be best, but I don't think most people would agree to that.

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Response to Mosby (Reply #32)

Tue Apr 1, 2014, 02:15 PM

33. Most of the 1%'s profit goes to TAX SHELTERS inthe Caymen Islands or other off shore unreg'd banks!

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Response to Scuba (Original post)

Mon Mar 31, 2014, 10:17 PM

2. k and r + a gajillion

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Response to Scuba (Original post)

Mon Mar 31, 2014, 11:24 PM

5. Are you pissed off yet?

If not, there's something deeply wrong with you.

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Response to Scuba (Original post)

Mon Mar 31, 2014, 11:52 PM

6. Darrell Issa, jump on this, quick!

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:26 AM

7. K&R

I have close family that rely on reduced school lunches and SNAP.

When it's that close to home, it's hard to justify the lack of compassion from some who call for tax cuts and social cuts at the same time.

Thanx for posting.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:29 AM

8. Hell, the $2.3 trillion the Dov Zakheim "lost" almost exceeds the SS Trust Fund

Though all that talk is still based on the incorrect right-wing premise that the richest country in the world somehow is "running out of money".

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:59 AM

9. They are following the law. Bad laws, but the law.

 

Don't blame them for filling out their tax forms in accordance with laws written by Congress.
Blame Congress for writing the laws that make theft from the American people legal.

Don't blame them for offering bribes to legislators.
Blame legislators for accepting the bribes and betraying the people who elected them.

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Response to JayhawkSD (Reply #9)

Tue Apr 1, 2014, 08:10 AM

15. No, I'll think I'll blame both

 

Just because something is legal, doesn't make it ethical or moral.

Just a quick question - would you blame slave owners for slavery, back when slavery was legal?

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Response to demwing (Reply #15)

Tue Apr 1, 2014, 01:02 PM

28. You are judging them by today's standards.

 

If they owned slaves today I would certainly condemn them, but the bible permits owning slaves, and so did large parts of society at the time. Certainly other parts of society believed otherwise, but there were different religions too. The bible by which they lived did not condemn it, nor did the society in which they lived.

Paying taxes is not an ethical or moral question, it is a legal one. Writing laws is an ethical one, because law makers were elected to write laws benefiting those who elected them. They have an ethical obligation to represent the voter, whech they violate when they do otherwise. In paying taxes, one is only obligated to follow the prescription of law.

Do you refuse all exemptions on your tax form when you fill out the taxes? When your tax preparer says that you can deduct interest on the mortgage on your home do you say, "No, I want to pay those taxes. Do not take that deduction" to him? Do you volunteer to pay more taxes than the law requires you to pay?

Blaming and being angry may feels good in the short term, but what does it accomplish? You don't hurt them with your anger. They don't feel it. They don't know it exists. You feel it and it discolors your life. It detracts from the quality of your life.

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Response to JayhawkSD (Reply #28)

Tue Apr 1, 2014, 01:06 PM

29. I disagree, on both measures

 

Some folks recognized that slavery was unethical, long before it was illegal.

And paying your fair share of taxes when you're rich? 100% an ethical decision - unfortunately for me, I don't have sufficient income to have to worry about that dilemma.

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Response to demwing (Reply #29)

Tue Apr 1, 2014, 05:36 PM

38. Who defines "moral and ethical"?

 

President Obama thinks it is moral and ethical to kill people all over the Middle East and North Africa by firing Hellfire missiles from drones. I not only think that is not moral and ethical, I think it is downright criminal. President Obama and I will each have to answer for how we define "moral and ethical," but you are not the arbiter to whom we will have to make that answer.

You think the laws are not moral and ethical? Fine, then elect legislators who will pass different laws. Until then it is unfair and illogical to stand in judgement and condemn your fellow citizens who are following the law of the land.

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Response to JayhawkSD (Reply #9)

Tue Apr 1, 2014, 02:18 PM

34. ALEC has been writing most legislation (almost all R leg) for 40 years! Congress doesn't write squat

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Response to Scuba (Original post)

Tue Apr 1, 2014, 07:20 AM

12. K&R! This post should have hundreds of recommendations!

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Response to Scuba (Original post)

Tue Apr 1, 2014, 07:25 AM

13. Doesnt matter

god damned soulless r's will dismiss it as
"just the best way to earn more"
"oh, and just fuck the poor"

Evil.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 08:41 AM

17. I expect Obama and Pelosi and Reid to trumpet this every day until November

 



I also expect to have sex with Norah Jones tonight.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 10:27 AM

19. The only thing worse than a Snowden

 

Is a tax cheat!

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Response to Scuba (Original post)

Tue Apr 1, 2014, 10:35 AM

20. Not only that but the IRS doesn't even bother going after them..

My neighbor was audited for 2 years. He's disabled, he's on Social Security and the IRS spent two years auditing him and found he owed them exactly $96. 2 years of paperwork and manpower to collect $96.

I owe the IRS some back taxes. I made a deal with them and have been paying for over a year now. Last week I got paperwork from them acting like they have no idea I have a payment schedule with them. They send out 6 certified letters all saying the same thing(I owe them money) and now both they and I are having to do everything from scratch, all the paperwork, all the meetings, it's like they never happened. Another colossal waste of time and money to do what has already been done.

The IRS is fucked.

Why do they come after people like us? Because they know we have no money, no accountants and no lawyers. Easy prey.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 11:22 AM

22. This is so awesome!!! How can I share this to FB?

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:11 PM

23. What really chaps my...

ass are those televised ads for people owing "more than $10,000 to the IRS". If you owe that much, pay it.

And business must be booming, the ads recently to $15,000 or more.
And I know some of these people, they don't deserve a tax break.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:24 PM

24. re:Five times as big. Five fucking times.

time to end the wealthcare nonsense.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 12:28 PM

27. Ironically, we can thank Phil 'Nation of whiners' Gramm for gutting the funding for the IRS in

the 1990s. The first people the IRS had to lay off were the highly paid auditors who specialized in complicated, high income returns. That made regular folks more likely to be audited than billionaires, and lead to billions in lost revenues. Gramm then quit his Senate job, and ran over to Switzerland to work for the Swiss banks who were RECEIVING a lot of that hidden money. Talk about a racket.

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Response to TrollBuster9090 (Reply #27)

Tue Apr 1, 2014, 06:16 PM

39. + 1,000. Phil Gramm is one of the biggest pieces of shit walking.

From Octafish, 2008:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4055207

Foreclosure Phil

Years before Phil Gramm was a McCain campaign adviser and a lobbyist for a Swiss bank at the center of the housing credit crisis, he pulled a sly maneuver in the Senate that helped create today's subprime meltdown.


David Corn
MotherJones.com
May 28, 2008

Who's to blame for the biggest financial catastrophe of our time? There are plenty of culprits, but one candidate for lead perp is former Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America? Hardly. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure.

Gramm's long been a handmaiden to Big Finance. In the 1990s, as chairman of the Senate banking committee, he routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street; during this period, the sec's workload shot up 80 percent, but its staff grew only 20 percent. Gramm also opposed an sec rule that would have prohibited accounting firms from getting too close to the companies they audited—at one point, according to Levitt's memoir, he warned the sec chairman that if the commission adopted the rule, its funding would be cut. And in 1999, Gramm pushed through a historic banking deregulation bill that decimated Depression-era firewalls between commercial banks, investment banks, insurance companies, and securities firms—setting off a wave of merger mania.

But Gramm's most cunning coup on behalf of his friends in the financial services industry—friends who gave him millions over his 24-year congressional career—came on December 15, 2000. It was an especially tense time in Washington. Only two days earlier, the Supreme Court had issued its decision on Bush v. Gore. President Bill Clinton and the Republican-controlled Congress were locked in a budget showdown. It was the perfect moment for a wily senator to game the system. As Congress and the White House were hurriedly hammering out a $384-billion omnibus spending bill, Gramm slipped in a 262-page measure called the Commodity Futures Modernization Act. Written with the help of financial industry lobbyists and cosponsored by Senator Richard Lugar (R-Ind.), the chairman of the agriculture committee, the measure had been considered dead—even by Gramm. Few lawmakers had either the opportunity or inclination to read the version of the bill Gramm inserted. "Nobody in either chamber had any knowledge of what was going on or what was in it," says a congressional aide familiar with the bill's history.

It's not exactly like Gramm hid his handiwork—far from it. The balding and bespectacled Texan strode onto the Senate floor to hail the act's inclusion into the must-pass budget package. But only an expert, or a lobbyist, could have followed what Gramm was saying. The act, he declared, would ensure that neither the sec nor the Commodity Futures Trading Commission (cftc) got into the business of regulating newfangled financial products called swaps—and would thus "protect financial institutions from overregulation" and "position our financial services industries to be world leaders into the new century."

Subprime 1-2-3

Don't understand credit default swaps? Don't worry—neither does Congress. Herewith, a step-by-step outline of the subprime risk betting game. —Casey Miner

CONTINUED…

http://www.motherjones.com/politics/2008/05/foreclosure-phil

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Response to HughBeaumont (Reply #39)

Tue Apr 1, 2014, 09:56 PM

41. Yep! Aside from Clinton not attempting to veto Gramm's omnibus bills, the blame for the 2008 crash

lies almost exclusively with old Phil 'Slugman' Gramm.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 03:17 PM

35. Yup, and foods stamp spending BOOSTS our economy. Tax Evasion? Not so much. nt

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Response to Scuba (Original post)

Tue Apr 1, 2014, 04:18 PM

36. With all that lost revenue we are going to have tighten our belts. Let's cut the IRS budget.



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Response to Scuba (Original post)

Tue Apr 1, 2014, 04:38 PM

37. A rather bigger problem...

...than the alleged voter fraud the RWNJs are always bleating about.

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Response to Scuba (Original post)

Tue Apr 1, 2014, 06:45 PM

40. K and R (nt)

 

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Response to Scuba (Original post)

Tue Apr 1, 2014, 10:10 PM

42. DC is a racket.

 

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