- Apr 10, 2013
- 23,667
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- Thread starter
- #221
So what is a contract employee? Spell it out.
Define your terms.
There are millions in this country. Look it up.
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So what is a contract employee? Spell it out.
Define your terms.
No, but if you have enough deductions it reduces your tax liability.
So what?
What is the business of a non-regulated family trust?
Pay taxes on income, distribute after tax income remaining.
So what?
Don't tell me you paid taxes based on your gross income.
Pay taxes on income, distribute after tax income remaining.
Wrong. Pays living expenses for those in the trust as well as maintains investments for future earnings.
Pay attention: NON-REGULATED FAMILY TRUST.
When trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
So what is a contract employee? Spell it out.
Define your terms.
There are millions in this country. Look it up.
[
Yes, and you get to keep the profits tax free.
My profits are tax free now. And you still can't force me to sell.
Yes.
No.
I've eliminated federal tax on business and reduced all taxes and employee expenses to 30%.
Right, profits are higher, prices are lower, wages are higher and tax receipts are unchanged.
Love your bad math.
Your profits on investments are tax free?
Profits are higher do to increased sales and lowering tax and employee expenses. Tax receipts actually go up through payroll and sales taxes. The fed doesn't give back any money to the States.
All I'm doing is giving workers the same advantage as the rich. Which is why you don't like it.
Your profits on investments are tax free?
Until I sell them.
All I'm doing is giving workers the same advantage as the rich.
Your math doesn't add up.
Tax receipts actually go up through payroll and sales taxes.
Hilarious!
And once again you've spouted your opinion instead of writing substantive proof.
Yes, it's my opinion that your idiotic suggestions don't add up.
Prove me wrong. Let's see your numbers. How would worker incomes, tax receipts and business incomes change. Show all your work.
No, but if you have enough deductions it reduces your tax liability.
So what?
What is the business of a non-regulated family trust?
Pay taxes on income, distribute after tax income remaining.
So what?
Don't tell me you paid taxes based on your gross income.
Pay taxes on income, distribute after tax income remaining.
Wrong. Pays living expenses for those in the trust as well as maintains investments for future earnings.
Pay attention: NON-REGULATED FAMILY TRUST.
When trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
The transferor of assets is a corporation which pay all taxes.
So the corporation pays corporate rates, not the 4% you claimed.
Thanks for admitting your lie.
And there is the loophole.
I guess if you consider paying the corporate rate to be a loophole. LOL!
I'm less interested in my correct definition than your incorrect one.
You somehow feel a contract employee gets some benefit, you just won't
explain what it is. Makes me wonder why?
[
Yes, and you get to keep the profits tax free.
My profits are tax free now. And you still can't force me to sell.
Yes.
No.
I've eliminated federal tax on business and reduced all taxes and employee expenses to 30%.
Right, profits are higher, prices are lower, wages are higher and tax receipts are unchanged.
Love your bad math.
Your profits on investments are tax free?
Profits are higher do to increased sales and lowering tax and employee expenses. Tax receipts actually go up through payroll and sales taxes. The fed doesn't give back any money to the States.
All I'm doing is giving workers the same advantage as the rich. Which is why you don't like it.
Your profits on investments are tax free?
Until I sell them.
All I'm doing is giving workers the same advantage as the rich.
Your math doesn't add up.
Tax receipts actually go up through payroll and sales taxes.
Hilarious!
And once again you've spouted your opinion instead of writing substantive proof.
Yes, it's my opinion that your idiotic suggestions don't add up.
Prove me wrong. Let's see your numbers. How would worker incomes, tax receipts and business incomes change. Show all your work.
And yet you haven't backed up you opinion with any proof.
No, but if you have enough deductions it reduces your tax liability.
So what?
What is the business of a non-regulated family trust?
Pay taxes on income, distribute after tax income remaining.
So what?
Don't tell me you paid taxes based on your gross income.
Pay taxes on income, distribute after tax income remaining.
Wrong. Pays living expenses for those in the trust as well as maintains investments for future earnings.
Pay attention: NON-REGULATED FAMILY TRUST.
When trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
The transferor of assets is a corporation which pay all taxes.
So the corporation pays corporate rates, not the 4% you claimed.
Thanks for admitting your lie.
And there is the loophole.
I guess if you consider paying the corporate rate to be a loophole. LOL!
No, the corporation pays 4% of total income in federal tax.
The loophole is; If you don't touch the money, nothing is transferred. I use a credit card for all transactions. No money ever touches my hand.
I'm less interested in my correct definition than your incorrect one.
You somehow feel a contract employee gets some benefit, you just won't
explain what it is. Makes me wonder why?
Your less interested in your own 'correct definition?' I'm wondering why I'm in a debate with a person that doesn't know the difference of a contract employee vs independent contractor.
Anyone that would advocate a minimum wage of 23/hr has no clue about how narrow profit margins are for businesses that employ minimum wage workers. That would force enormous layoffs and/or force the closure of thousands of businesses.
ROFLYou've tried 15 times to come up with a scenario where you don't have to pay taxes. 1099 employees have to pay taxes. GIVE IT UP. Face it, you are clueless.
I'm not writing of independent contractors, I'm writing of contract employees.
ROFLNo, but if you have enough deductions it reduces your tax liability.
So what?
What is the business of a non-regulated family trust?
Pay taxes on income, distribute after tax income remaining.
So what?
Don't tell me you paid taxes based on your gross income.
Pay taxes on income, distribute after tax income remaining.
Wrong. Pays living expenses for those in the trust as well as maintains investments for future earnings.
Pay attention: NON-REGULATED FAMILY TRUST.
When trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
The transferor of assets is a corporation which pay all taxes.
So the corporation pays corporate rates, not the 4% you claimed.
Thanks for admitting your lie.
And there is the loophole.
I guess if you consider paying the corporate rate to be a loophole. LOL!
No, the corporation pays 4% of total income in federal tax.
The loophole is; If you don't touch the money, nothing is transferred. I use a credit card for all transactions. No money ever touches my hand.
ROFLSo what?
Don't tell me you paid taxes based on your gross income.
Pay taxes on income, distribute after tax income remaining.
Wrong. Pays living expenses for those in the trust as well as maintains investments for future earnings.
Pay attention: NON-REGULATED FAMILY TRUST.
When trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
The transferor of assets is a corporation which pay all taxes.
So the corporation pays corporate rates, not the 4% you claimed.
Thanks for admitting your lie.
And there is the loophole.
I guess if you consider paying the corporate rate to be a loophole. LOL!
No, the corporation pays 4% of total income in federal tax.
The loophole is; If you don't touch the money, nothing is transferred. I use a credit card for all transactions. No money ever touches my hand.
His claims get more and more amusing.ROFLThe loophole is; If you don't touch the money, nothing is transferred. I use a credit card for all transactions. No money ever touches my hand.
You claim that individual incomes will rise, a lot, corporate profits will rise while tax receipts will what, remain steady? Increase as well? All while prices are dropped to 2009 levels. Hilarious!
I'll wait for you to back up your opinion with proof.
No, the corporation pays 4% of total income in federal tax.
4% of corporate revenues isn't the same as a 4% tax rate.
If a corporation buys $900,000 in goods and sells them for $1,000,000
what is their income?
The loophole is; If you don't touch the money, nothing is transferred.
The corporation already paid the corporate tax rate on their earnings.
If you don't want to spend the earnings, why should that matter?
I use a credit card for all transactions. No money ever touches my hand.
You think there is a taxable difference between a corporation paying you money, so you can pay your credit card bill, and the corporation paying your credit card bill for you?
Seriously?
Your less interested in your own 'correct definition?'
Yes, because I already know the correct definition. You, obviously, do not.
I'm wondering why I'm in a debate with a person that doesn't know the difference of a contract employee vs independent contractor.
Because they are the same thing. I'm wondering why you don't know that?
Anyone that would advocate a minimum wage of 23/hr has no clue about how narrow profit margins are for businesses that employ minimum wage workers. That would force enormous layoffs and/or force the closure of thousands of businesses.
What flaming loony leftist gives a flying fuck about any of that?
ROFLWhen trusts are used for legitimate business, family, or estate planning purposes, either the trust, the beneficiary, or the transferor of assets to the trust will pay the tax on income generated by the trust property. Trusts cannot be used to transform a taxpayer's personal, living, or educational expenses into deductible items, and cannot seek to avoid tax liability by ignoring either the true ownership of income and assets or the true substance of transactions. Therefore, the tax results promised by the promoters of abusive trust arrangements are not allowable under the law, and the participants in and promoters of these arrangements may be subject to civil or criminal penalties in appropriate cases.
^
From page 3 of the following.
http://www.irs.gov/pub/irs-pdf/i1041.pdf
What are you gonna lie about now?
The transferor of assets is a corporation which pay all taxes. No monies are transferred directly to me. And there is the loophole.
The transferor of assets is a corporation which pay all taxes.
So the corporation pays corporate rates, not the 4% you claimed.
Thanks for admitting your lie.
And there is the loophole.
I guess if you consider paying the corporate rate to be a loophole. LOL!
No, the corporation pays 4% of total income in federal tax.
The loophole is; If you don't touch the money, nothing is transferred. I use a credit card for all transactions. No money ever touches my hand.
His claims get more and more amusing.
And it is increasingly clear that there is little point in confronting the loony left's silliness with anything other than ridicule. Papa taught me never to argue with idiots ... they drag you down to their level and then batter you with their extensive experience.