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Author Topic: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan  (Read 2317 times)

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Offline BlueStateSaint

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Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« on: March 02, 2009, 06:37:26 PM »
You knew this was coming.  Courtesy of Michelle Malkin's site.

Quote
Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan

President Would Slap More Taxes on Those Who Make Over $250K to Fund Health Care
By EMILY FRIEDMAN
March 2, 2009

President Barack Obama's tax proposal – which promises to increase taxes for those families with incomes of $250,000 or more -- has some Americans brainstorming ways to decrease their pay, even if it's just by a dollar.

A 63-year-old attorney based in Lafayette, La., who asked not to be named, told ABCNews.com that she plans to cut back on her business to get her annual income under the quarter million mark should the Obama tax plan be passed by Congress and become law.

So far, Obama's tax plan is being looked at skeptically by both Democrats and Republicans and therefore may not pass at all.

"We are going to try to figure out how to make our income $249,999.00," she said.

"We have to find a way out where we can make just what we need to just under the line so we can benefit from Obama's tax plan," she added. "Why kill yourself working if you're going to give it all away to people who aren't working as hard?"

And that line pretty much sums up exactly why massive taxation has failed in every country it's been tried in.

The link is:

http://abcnews.go.com/Business/Economy/story?id=6975547&page=1

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Offline SSG Snuggle Bunny

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #1 on: March 02, 2009, 06:40:59 PM »
really?
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Offline Tess

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #2 on: March 02, 2009, 06:41:42 PM »
Well, I'm screwed because we make more than what we can hide.   :censored:
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Offline SSG Snuggle Bunny

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #3 on: March 02, 2009, 06:49:47 PM »
Quote from: Tess on March 02, 2009, 06:41:42 PM
Well, I'm screwed because we make more than what we can hide.   :censored:
I'll PM you an address you can hide it at.
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Offline Tess

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #4 on: March 02, 2009, 06:56:31 PM »
Quote from: Mr Snuggle Bunny on March 02, 2009, 06:49:47 PM
I'll PM you an address you can hide it at.

 :lmao:  That made me snort I laughed so hard.  Only BEG knows how good of a laugh that is...
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Offline Lance

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #5 on: March 02, 2009, 07:26:46 PM »
Hell I make under $250K and I am looking for ways to hide that money! He is gonna come looking for it sooner or later. Probably sooner. Include the elimination of loops holes, mortgage credit reduction etc, taxes going up on the middle class as well. I need to buy another rental property or two. Damn things always seem to be empty...  :-)
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Offline The Village Idiot

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #6 on: March 02, 2009, 07:40:19 PM »
Quote from: Tess on March 02, 2009, 06:41:42 PM
Well, I'm screwed because we make more than what we can hide.   :censored:

its everyone who is going to pay the higher taxes, indirectly. then they can blame corporations and Republicans I guess
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Offline NHSparky

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #7 on: March 02, 2009, 08:06:37 PM »
Quote from: FGL on March 02, 2009, 07:40:19 PM
its everyone who is going to pay the higher taxes, indirectly. then they can blame corporations and Republicans I guess

Oh, they'll try it for a while, but even the sheeple know you can only blame Bush for so long.

Hello, Misery Index!
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Offline Strider

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #8 on: March 02, 2009, 11:21:26 PM »
Quote from: Tess on March 02, 2009, 06:41:42 PM
Well, I'm screwed because we make more than what we can hide.   :censored:
Hell...
dont try to hide it...just get an Obama cabinet position....... :-)
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Offline Rebel

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #9 on: March 02, 2009, 11:25:46 PM »
From a Memphis fan:

Quote
New IRS Payment Rules

Income taxes are normally due on April 15th unless that date falls on a Saturday or Sunday, in which case they are due on Monday the 16th or 17th.

However, I have been told that rule has recently been changed for this and for the next 4 years, tax payments will not be due until you are nominated to a cabinet position.

Please check with your Tax adviser to confirm.

http://ncaabbs.com/showthread.php?tid=348081&pid=4006729#pid4006729
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Offline JohnnyReb

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #10 on: March 03, 2009, 07:33:43 AM »
Quote from: Tess on March 02, 2009, 06:41:42 PM
Well, I'm screwed because we make more than what we can hide.   :censored:

I still have a bulldozer and a couple of large earthmovers left, a hundred+ acres and several hundred one quart jars . For a small fee, I can hide the hell out of all you send me.

Same offer for any others that may need our services.......... :-)   Our new motto is...

YOU MAKE IT....WE HIDE IT
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Offline MarshallLaw

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #11 on: March 03, 2009, 08:34:25 AM »
Quote from: JohnnyReb on March 03, 2009, 07:33:43 AM
I still have a bulldozer and a couple of large earthmovers left, a hundred+ acres and several hundred one quart jars . For a small fee, I can hide the hell out of all you send me.



You live in Wooley Swamp?





I doubt anyone is gonna get this one...........free H5 if you do.
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Offline thundley4

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #12 on: March 03, 2009, 08:41:23 AM »
Quote from: MarshallLaw on March 03, 2009, 08:34:25 AM


You live in Wooley Swamp?





I doubt anyone is gonna get this one...........free H5 if you do.

The legend of Wooley Swamp, by The Charlie Daniels Band.
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Offline Lord Undies

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #13 on: March 03, 2009, 08:42:43 AM »
Quote from: JohnnyReb on March 03, 2009, 07:33:43 AM
I still have a bulldozer and a couple of large earthmovers left, a hundred+ acres and several hundred one quart jars . For a small fee, I can hide the hell out of all you send me.

Same offer for any others that may need our services.......... :-)   Our new motto is...

YOU MAKE IT....WE HIDE IT

You could get some record-keeping hints by visiting a large cemetery.
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Offline crockspot

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #14 on: March 03, 2009, 08:49:34 AM »
I don't make anywhere close to 200k, but I talked to the unemployment office yesterday and found out what my benefits will be. Then I crunched some numbers. Considering the 100 miles a day I won't be commuting anymore, and the money I spent at the company cafeteria, the ten percent pay cut I took at the beginning of the year, and if I quit smoking right now, and adding in the Obama health insurance subsidy, I will actually net a few dollars more by sitting on my ass than I was getting in my paycheck the past two months. Why the hell should I make any serious effort at finding another job any time soon, when I have guaranteed support for the next six months, and a likely six month extension after that?
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Offline USA4ME

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #15 on: March 03, 2009, 08:53:31 AM »
Quote from:
A 63-year-old attorney based in Lafayette, La., who asked not to be named, told ABCNews.com that she plans to cut back on her business to get her annual income under the quarter million mark should the Obama tax plan be passed by Congress and become law.

So far, Obama's tax plan is being looked at skeptically by both Democrats and Republicans and therefore may not pass at all.

"We are going to try to figure out how to make our income $249,999.00," she said.

"We have to find a way out where we can make just what we need to just under the line so we can benefit from Obama's tax plan," she added. "Why kill yourself working if you're going to give it all away to people who aren't working as hard?"

Two words:  Creative bookkeeping.

.
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Offline MarshallLaw

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #16 on: March 03, 2009, 09:01:55 AM »
Quote from: thundley4 on March 03, 2009, 08:41:23 AM
The legend of Wooley Swamp, by The Charlie Daniels Band.



H5 delivered.


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Offline The Village Idiot

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Re: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan
« Reply #17 on: March 03, 2009, 01:37:36 PM »
Quote from: crockspot on March 03, 2009, 08:49:34 AM
I don't make anywhere close to 200k, but I talked to the unemployment office yesterday and found out what my benefits will be. Then I crunched some numbers. Considering the 100 miles a day I won't be commuting anymore, and the money I spent at the company cafeteria, the ten percent pay cut I took at the beginning of the year, and if I quit smoking right now, and adding in the Obama health insurance subsidy, I will actually net a few dollars more by sitting on my ass than I was getting in my paycheck the past two months. Why the hell should I make any serious effort at finding another job any time soon, when I have guaranteed support for the next six months, and a likely six month extension after that?

You have free time to help take down Obama. yay. Make it your full time job.
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