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Daily CE Musings of Piob - Page 99

post #1471 of 5129
Thread Starter 
Quote:
Originally Posted by Medwed View Post

Tell it to the IRS pretty boy.biggrin.gif

An audit would yield a bigger return for me, as once again, I always pick the conservative route. If I was audited I would have my CPA and tax lawyer argue the entire return. It's almost like I received some professional advice and listened to it.
post #1472 of 5129
I wonder how many people actually pay gift taxes. You get a $14,000 exemption per person, then a $5.34 million lifetime exemption. Pretty much you'd have to have a ~10 million dollar estate to disperse to have to worry about it (barring state estate tax considerations).
post #1473 of 5129
Quote:
Originally Posted by Gibonius View Post

I wonder how many people actually pay gift taxes. You get a $14,000 exemption per person, then a $5.34 million lifetime exemption. Pretty much you'd have to have a ~10 million dollar estate to disperse to have to worry about it (barring state estate tax considerations).

So that's why Pio sits out the Secret Santa tradition . . .
post #1474 of 5129
Thread Starter 
Quote:
Originally Posted by lawyerdad View Post

So that's why Pio sits out the Secret Santa tradition . . .

Yeah, if I got Mauro, I'd be screwed an audit.
post #1475 of 5129
Quote:
Originally Posted by Gibonius View Post

I feel like it's more of a "thousand monkeys" design, with enforcement and practice evolving to fit the tax code that filters through all the different Congressional monkeys. The IRS uses its power in the manner it does not so much by design, but from functioning in this overly complex system where most people are fudging their taxes in all kinds of ways.


If there's a "design" in the conspiratorial sense, it would be from the people who have the resources to profit from a complex tax code. The tax preparation industry obviously doesn't want a simple tax code, and people with the resources to structure their finances to minimize their tax burden wouldn't want to see a change. I don't think they're encouraging Congress to actively make the tax code more complex, but they're certainly lobbying against wholesale reform.

I was just echoing the words used by the other comment. I don't think it's deliberately designed that way, of course, but everybody knows that's how it operates.

The thing about it, though, is that it mirrors so many other heads of the nanny/regulative state. Like environmental laws in California, for example, where the leftist governments there enforce bizarre and elaborate regulations on businesses and housing intended to prevent minute carbon emissions, but they look the other way when illegal immigrants dump their used motor oil directly on the ground.
post #1476 of 5129
Quote:
Originally Posted by Ataturk View Post

I don't think it's deliberately designed that way, of course, .

Don't try debating that point with tagut on FB.
post #1477 of 5129
Thread Starter 
Serious question fueled by the tragic hostage taking in Sydney: I thought Australia banned guns?
post #1478 of 5129
Quote:
Originally Posted by Piobaire View Post

Serious question fueled by the tragic hostage taking in Sydney: I thought Australia banned guns?


They should pass a law saying "Hey, we really mean it this time."
post #1479 of 5129
Quote:
Originally Posted by Piobaire View Post

Serious question fueled by the tragic hostage taking in Sydney: I thought Australia banned guns?

Gun rights are really bad in Australia. They are consistently one of the worst. They are not completely banned though:

Quote:
Firearms in Australia are grouped into Categories determined by the National Firearm Agreement with different levels of control. The categories are:

Category A: Rimfire rifles (not semi-automatic), shotguns (not pump-action or semi-automatic), air rifles, and paintball markers. A "Genuine Reason" must be provided for a Category A firearm.

Category B: Centrefire rifles (not semi-automatic), muzzleloading firearms made after 1 January 1901. Apart from a "Genuine Reason", a "Genuine Need" must be demonstrated, including why a Category A firearm would not be suitable.

Category C: Self loading rimfire rifles holding 10 or fewer rounds and pump-action or self loading shotguns holding 5 or fewer rounds. Category C firearms are strongly restricted: only primary producers, occupational shooters, collectors and some clay target shooters can own functional Category C firearms.

Category D: Self loading centrefire rifles, pump-action or self loading shotguns holding more than 5 rounds. Functional Category D firearms are restricted to government agencies and a few occupational shooters. Collectors may own deactivated Category D firearms.

Category H: Handguns including air pistols and deactivated handguns. Neither SA nor WA require deactivated handguns to be regarded as handguns after deactivation. This situation[when?] was the catalyst in QLD for the deactivation and diversion of thousands of handguns to the black-market[vague] – the loophole[which?] shut since 2001) This class is available to target shooters and certain security guards where your job requires possession of a firearm. To be eligible for a Category H firearm, a target shooter must serve a probationary period of 12 months the first 6 months using club handguns, then in the remainder of the last 6 month probationary license, an application may be made, permit to acquire for one air pistol OR one rimfire pistol. A minimum number of matches yearly to retain each category of handgun and be a financial member of an approved Pistol Club. [2]

http://en.wikipedia.org/wiki/Gun_politics_in_Australia
post #1480 of 5129
Paintball guns are controlled confused.gif
post #1481 of 5129
Thread Starter 
Obama Legacy 3.2. I'm the POTUS that normalized relations with Cuba.

WAFM. With all the shit going on?
post #1482 of 5129
Hey ! Let's convince everyone the communists aren't really that bad anymore.
post #1483 of 5129
Quote:
Originally Posted by El Argentino View Post

Hey ! Let's convince everyone the communists aren't really that bad anymore.


Imprisoning political dissenters is kinda cool.


In a Starbucks, urban hiker, Google kind of way.
post #1484 of 5129
Quote:
Originally Posted by El Argentino View Post

Hey ! Let's convince everyone the communists aren't really that bad anymore.

That embargo had totally been working so far.
post #1485 of 5129
And Cuba is going to pay us back for the tens of billions in American property it stole, I take it?
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