Madness

On Mon, 12 Jan 2004 23:52:17 -0800 "C J Campbell" wrote:


"R.Hubbell" wrote in message
...
|
|
| |
| | The vast majority of Bush supporters (the ones donating to his
campaign)
| | are making $500,000/year (dispensible income not disposable as the
rich
| | pay very little taxes) and if you're making under $500,000/yr you're
very
| | likely paying the way for those Bush donors.
|
| You still have not offered one shred of evidence in support of this
| statement.
|
|
|
| The evidence is that they are happily hiding most (close to all, but not
quite
| all) of their income. They pay taxes on a very small portion of the money
they
| make while you and I are paying lots of taxes and reporting most if not
all of
| our income. There's a little wiggle room for the middle class but nowhere
near
| the wiggle room the ultra rich have.

That is not evidence. That is a supposition. What I want to know is, where

Evidence or supposition is in the eye of the beholder. You infer it to be
supposition.


did you get these 'facts?' Do you have access to a database of Bush
supporters and their incomes? Do you have federal tax records? Did you
conduct a survey? Did you examine the tax returns of the ultra rich? How do
you know these things? How are the ultra rich hiding their income?


Well you obviously didn't do taxes for anyone that was ultra rich. Had you,
you wouldn't be asking these questions. Some of the schemes they use to hide
income the govt. hasn't even decided whether or not they are legal. The IRS
does not have unlimited resources and they are not able to get quite as
creative as an accountant can that is getting paid by a billionaire.




While we are at it, let's talk about some of your other assertions, such as
your statement that hiding income in offshore accounts is legal. How do you
know it is legal? Are you an attorney or a CPA? Why does the government
prosecute people for doing that if it is legal? I would like to know what

The govt. prosecutes people for having money in a swiss bank?? Since when?


section of the tax code or the IRS regulations says that it is legal to hide
your income in offshore accounts. I will give you fair warning. I am a
retired CPA. All of my work was in taxation. I know more about estate
taxation than 90% of CPAs. I have seen nothing that supports your assertions
about the ultra rich.

You of all people should know then how horribly Byzantine our tax code is now.
And with that knowledge I can't imagine how you think can know what sort
of tricks can be played to hide income.

You might need to come out of retirement and brush up.




Of course, maybe I am just part of the conspiracy between the government and

Not sure which way you're using the word conspiracy but I will guess you mean
the secretive kind and in that case you'd be wrong because in fact it's all
happening right before our eyes.

the rich, eh? In that case, heh, we know all about you. Better be careful,
eh?


Oh yeah I'm rich. Be careful what bait you choose to swallow it could
be a cheeseball instead of salmon roe.





R. Hubbell