What a Wonderful Morning

Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

denny

You mean you didn't get a Bush economic stimulus check? me either.
and you no longer qualify to get an exemption for your kids? me either
and you can't get the child tax credit? me either
and you don't get any standard deductions nor do you qualify to itemize
deductions? me either.
I have exactly two deductions, unreimbursed business expenses and real
estate taxes paid. That's it.
My net net effective federal tax rate (tax paid divided by gross income, not
the so called tax bracket) was 30%

Yesterday I saw that little midget Robert Reich on MSNBC tell the entire
world that "Conservatives don't pay taxes." I just about died... because
that must make me a liberal.

Necessary aviation content: Uncle Sam owes me a nice new Piper Archer. Oh,
and 1st quarter estimates are due in a few days, so Sammy, be prepared to
throw in a spare engine for that puppy, would ya?

Jim

"Denny" wrote in message
...
Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

denny

http://www.urban.org/UploadedPDF/100...t_05-08-06.pdf

--
Geoff
The Sea Hawk at Wow Way d0t Com
remove spaces and make the obvious substitutions to reply by mail
When immigration is outlawed, only outlaws will immigrate.

http://www.urban.org/UploadedPDF/100...t_05-08-06.pdf

So we are to conclude that other countries are farther down the road to
perdition than we are?

Cold comfort, there.

--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

On Apr 11, 5:08*am, Denny wrote:
Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... *Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

denny

Yep me to. Also didn't qualify for that great Bush check (make too
much), also didn't get to deduct most of my deductions because AMT
just backed them out. Then there's the California state income taxes.
The next time someone asks where I work I'm going to say I work for
the IRS because it feels like that's where my money goes.

Its funny that they have this long 1040 and all the docs that go with
it and in the end you just end up paying whatever the AMT form says.
Why do they bother with all the other crap?

-Robert

Isn't that the truth!
My tax return measured 7/16" thick... it could have done on a post card.
The first sentence saying "Hey sucker, you didn't qualify for any deductions
last year, if you think you do this year, you have to prove it"
The second sentence the formula for the tax. Gross - real estate taxes
paid - unreimbursed business expenses x .3 -estimates paid = tax you owe or
refund.

"Denny" wrote in message
...
Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

Hey! You can afford it. You're buzzing around in your own airplane. You're
not eating beans and cat food are you? :~)

On Apr 11, 3:45 pm, "Matt W. Barrow"
wrote:
"Denny" wrote in message

...

Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

Hey! You can afford it. You're buzzing around in your own airplane. You're
not eating beans and cat food are you? :~)

I am now; I just paid my taxes. Someday Atlas will shrug; I hope it's
in my life time.

-Robert

"Robert M. Gary" wrote in message
...
On Apr 11, 3:45 pm, "Matt W. Barrow"
wrote:
"Denny" wrote in message

...

Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

Hey! You can afford it. You're buzzing around in your own airplane.
You're
not eating beans and cat food are you? :~)

I am now; I just paid my taxes. Someday Atlas will shrug; I hope it's
in my life time.

Hope like hell it's NOT in your lifetime. There's no Galt's Gulch to which
you can flee.

When (not if) it happens, it's going to get VERY ugly.

When I was in high school, a friends father, who lived through the Hungarian
revolt in 1956, told us stories of what it was like. In sum, again, you (we
all) better hope it's not in our lifetimes.

On the other hand, I recall the words of Thomas Paine who said, "If there be
war, let it be in my lifetime so that my children may know peace.".

"Denny" wrote

Well, I just micturated away $58,868.13 into the loving arms of the
state and feds this morning... Now where are those fat cat deductions
that allow me to pay zero, that all the rabble rousers keep bringing
up?

Be grateful that you make enough to have to pay almost 59 thousand dollars.

That is more than my gross pay for the year.

Sorry, but I don't feel much pity for you.
--
Jim in NC