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So, will the current tax revision hose job influence your coin buying and selling in the New Year??

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  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    @Justacommeman said:

    @MrEureka said:
    If my accountant tells me to pre-pay my 2018 real estate taxes before the end of 2017, it will affect my short term budget for coins. That is, if I had a budget.

    I asked my accountant the same this morning. In my case he said not to. I'm going to take a haircut next year

    mark

    Dey gonna redistribute some of my dough in 2018....
    Again

    Liberty: Parent of Science & Industry

  • ElmerFusterpuckElmerFusterpuck Posts: 4,754 ✭✭✭✭✭

    As a grader, I grade parts of this thread: PCGS 91 - Questionable Content, 94 - Alternate Facts, 86 - Authenticity Unverifiable and 90 - Counterfeit Posting.

    Anything said that can be easily verified and disputed is not "fake news" because it goes against what you thought you knew or believed. The "fake news" reply to the scenario above is nothing but a cop-out for the feeble minded; it's the equivalent of getting stuck deep in the ditch while calling the spinning tires forward progress, since the car is not in reverse.

  • 10000lakes10000lakes Posts: 811 ✭✭✭✭
    edited December 21, 2017 5:19PM

    @Insider2
    Federal welfare comes from the income tax that is paid in. I'm sure you already knew that ;)
    It's 9 % of the Federal government budget.


    If you really want to know where your tax dollars are spent you can find all of the details here.
    https://usgovernmentspending.com/federal_budget_detail_fy19bs22018n#usgs302

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Baley said: "Dey gonna redistribute some of my dough in 2018....Again."

    It is going for good research like learning how far a three legged frog can travel up a tree in five minutes so they can determine how high up the side pillar on a SUV that a rear seatbelt should be anchored.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    "They" also fight wildfires and come help me if i have a heart attack

    Liberty: Parent of Science & Industry

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited December 21, 2017 5:46PM

    "I deal in the stock market of the soul, and I only sell short".

    Doubly ironic for recovering Objectivists. :*B)

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Baley said: "They" also fight wildfires and come help me if i have a heart attack."

    And the money for that comes from the same place - OUR TAXES. It is our money. Hopefully most of us will get to keep a tiny bit more and it appears that even the folks who don't put much in (if anything at all) will also. We live in a great country. Welcome all to our giveaway. :D

    That just made me think of the Statue of Liberty Dollar! I'll bet most of you have no idea most of what we were taught about the Statue (and it's base) is Progressive "make believe." Do some research if you dare.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    Well after speaking to my accountant at length again I will probably be buying less coins this year.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • dennis1219dennis1219 Posts: 267 ✭✭✭

    I’ll continue to be selective with numismatics... continue to purchase silver and gold... and I like the new tax plan...even though it will make very little difference in my life.

  • bronco2078bronco2078 Posts: 10,318 ✭✭✭✭✭
    edited December 21, 2017 7:51PM

    @Baley said:
    "They" also fight wildfires and come help me if i have a heart attack

    Not to worried about that kind of spending. Could do without the trillion dollar planes that can't fly and the billion dollar ships that drive straight into other ships in broad daylight. :(

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Justacommeman said:
    @10000lakes
    @david3142

    If it were a country, California would be the 5th largest economy in the world.

    mark

    OK. Do it already!

  • This content has been removed.
  • PerryHallPerryHall Posts: 46,465 ✭✭✭✭✭

    @Coinstartled said:

    @Justacommeman said:
    @10000lakes
    @david3142

    If it were a country, California would be the 5th largest economy in the world.

    mark

    OK. Do it already!

    Wouldn't that double the cost of the wall? ;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Justacommeman said:

    @Coinstartled said:

    @Justacommeman said:
    @10000lakes
    @david3142

    If it were a country, California would be the 5th largest economy in the world.

    mark

    OK. Do it already!

    >

    You need us to grade your coins for one thing. Just take that one thing away and chaos ensues.

    m

    We still have CAC!!!

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @Coinstartled said:

    @Justacommeman said:

    @Coinstartled said:

    @Justacommeman said:
    @10000lakes
    @david3142

    If it were a country, California would be the 5th largest economy in the world.

    mark

    OK. Do it already!

    >

    You need us to grade your coins for one thing. Just take that one thing away and chaos ensues.

    m

    We still have CAC!!!

    He will be out of business. He will need something to sticker. You really didn't think this whole thing through did you :D

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ArizonaRareCoinsArizonaRareCoins Posts: 679 ✭✭✭✭

    @10000lakes said:
    To be fair you do realize that California has the largest state economy.

    Which States Rely the Most on Federal Aid?

    State-level taxes may be the most visible source of state government revenues for most taxpayers, but it’s important to remember that they are not the only source of state revenue. State governments also receive a significant amount of assistance from the federal government in the form of federal grants-in-aid. Federal aid is given to states for Medicaid, transportation, education, and other means-tested entitlement programs administered by the states.

    CALIFORNIA is BANKRUPT and is completely reliant upon the Federal Government.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
    edited December 21, 2017 9:17PM

    @Justacommeman said:

    @Coinstartled said:

    @Justacommeman said:

    @Coinstartled said:

    @Justacommeman said:
    @10000lakes
    @david3142

    If it were a country, California would be the 5th largest economy in the world.

    mark

    OK. Do it already!

    >

    You need us to grade your coins for one thing. Just take that one thing away and chaos ensues.

    m

    We still have CAC!!!

    He will be out of business. He will need something to sticker. You really didn't think this whole thing through did you :D

    mark

    Though losing California..
    Would be a cut in the aorta..
    Instead of Newport Beach..
    Our coins would go to Florida!!

    Burma Shave!

  • OldIndianNutKaseOldIndianNutKase Posts: 2,712 ✭✭✭✭✭

    Taxes on income which were instituted about 1916+/- have failed to provide a "progressive tax system" that would appropriately distribute the tax burden so that the ones with the most income would pay the most taxes. The wealthiest do not need income. They can just sell a few shares of their stock to float their boat, and coin purchases.

    All of us pay taxes on the value of our real estate and cars which is an equity based tax. But equities such as stock and bond holdings are tax free. Even a small % tax on ALL equities would do much to eradicate our deficit. Combined with a flat income tax system this would greatly increase revenue to our government on an equitable basis.

    And if the equity tax is properly imposed, off shore investors will have to help fund our economic system in relation to their opportunities.

    OINK

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭
    edited December 21, 2017 9:46PM

    Wish you would become your own country and quit putting all your liberal crap on most of the rest of the country that chooses to live without all the government intervention ya'll do! We are Earth! Ya'll are all tech that will die quickly if and when the grid goes down!

    @Justacommeman said:
    @10000lakes
    @david3142

    No kidding. Thanks for chiming in and calling out the BS.

    California's $2.717 trillion economy is larger than that of any other state. No other state is remotely close. If it were a country, California would be the 5th largest economy in the world.

    We would actually like to keep more but Uncle Sam does not agree.

    mark

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
    edited December 21, 2017 10:19PM

    @Lakesammman said:
    Can't prepay in WA state - checked and rejected.

    Will be on the sidelines when this beauty hits the block at FUN.

    I will be on the sideline as well. That spot below Liberty bothers me.

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    Tax on equities such as you speak are double taxation. That's what the Liberals want as it would suck up all the old money so to speak.

    @OldIndianNutKase said:
    Taxes on income which were instituted about 1916+/- have failed to provide a "progressive tax system" that would appropriately distribute the tax burden so that the ones with the most income would pay the most taxes. The wealthiest do not need income. They can just sell a few shares of their stock to float their boat, and coin purchases.

    All of us pay taxes on the value of our real estate and cars which is an equity based tax. But equities such as stock and bond holdings are tax free. Even a small % tax on ALL equities would do much to eradicate our deficit. Combined with a flat income tax system this would greatly increase revenue to our government on an equitable basis.

    And if the equity tax is properly imposed, off shore investors will have to help fund our economic system in relation to their opportunities.

    OINK

  • lkeigwinlkeigwin Posts: 16,892 ✭✭✭✭✭

    @Justacommeman said:

    @MrEureka said:
    If my accountant tells me to pre-pay my 2018 real estate taxes before the end of 2017, it will affect my short term budget for coins. That is, if I had a budget.

    I asked my accountant the same this morning. In my case he said not to. I'm going to take a haircut next year

    mark

    Good thing! The House compromise bill eliminated the prepay option.
    Lance.

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    I can see European Socialism from my house. :*

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    I'm old and am going to suck you dry. :'(
    Seriously :*:so:)>:)

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • OldIndianNutKaseOldIndianNutKase Posts: 2,712 ✭✭✭✭✭

    @amwldcoin Please explain your idea of double taxation. We have double taxation on coorproate profits on income. Property tax has no double taxation. Just tax assets like like stocks and bonds like houses and cars, and reduce income taxes further........maybe only a flat tax. Taxation of assets is an appropriate means of ensuring equality in our society.

    OINK

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited December 22, 2017 1:00AM

    @amwldcoin said:
    Wish you would become your own country and quit putting all your liberal crap on most of the rest of the country that chooses to live without all the government intervention ya'll do! We are Earth! Ya'll are all tech that will die quickly if and when the grid goes down!

    @Justacommeman said:
    @10000lakes
    @david3142

    No kidding. Thanks for chiming in and calling out the BS.

    California's $2.717 trillion economy is larger than that of any other state. No other state is remotely close. If it were a country, California would be the 5th largest economy in the world.

    We would actually like to keep more but Uncle Sam does not agree.

    mark

    I'm a conservative but I will gladly distance myself from your kind of thinking. It's exactly this sort of rhetoric that is divisive.

    Merry Christmas just the same to you and yours

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @lkeigwin said:

    @Justacommeman said:

    @MrEureka said:
    If my accountant tells me to pre-pay my 2018 real estate taxes before the end of 2017, it will affect my short term budget for coins. That is, if I had a budget.

    I asked my accountant the same this morning. In my case he said not to. I'm going to take a haircut next year

    mark

    Good thing! The House compromise bill eliminated the prepay option.
    Lance.

    Wasn't trying to prepay 2018 just wanted to pay the second half of 2017 before Dec 31. Second half of 2017 taxes are due in Spring 2018. That way I would have paid 1.5 times in 2017 calendar year and only .5 in 2018. This is allowed. However, im my particular case it didn't matter. No benefit. It may benefit others

    Merry Christmas Lance

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    @ArizonaRareCoins said:

    @TwoSides2aCoin said:
    Better than Obamacare. Which, of course was decided by the Supreme Court to be nothing more than a tax. Gimme a break doc.

    The Obamacare mandate was repealed in this tax bill. Obamacare is no more.

    actually not.
    Not repealed, but the subsidies were eliminated.

    8.8 million people just signed up, so it couldn't be all bad

    Frank

    BHNC #203

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭

    In the end, we will always have the poor , the dreck and the schlock.

  • DrPeteDrPete Posts: 1,497 ✭✭✭

    You pay taxes. You die. Nothing has changed.

    Dr. Pete
  • logger7logger7 Posts: 8,732 ✭✭✭✭✭

    It's been a bumper year for the news organizations, comedy and for hype. http://euromaidanpress.com/wp-content/uploads/2017/01/94060273a76684910a4e9423b94464ca1.jpg

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    @FadeToBlack said:

    @Treashunt said:

    @ArizonaRareCoins said:

    @TwoSides2aCoin said:
    Better than Obamacare. Which, of course was decided by the Supreme Court to be nothing more than a tax. Gimme a break doc.

    The Obamacare mandate was repealed in this tax bill. Obamacare is no more.

    actually not.
    Not repealed, but the subsidies were eliminated.

    8.8 million people just signed up, so it couldn't be all bad

    Don't you know that if you're poor, you don't deserve to have quality healthcare?? What are we, socialist Europe with better outcomes per dollar spent, better life expectancy, and better overall quality of life??

    Signed,
    Somebody who makes a living in managed care.

    sadly, I do agree with you.

    One step forward, and three steps back

    Frank

    BHNC #203

  • 10000lakes10000lakes Posts: 811 ✭✭✭✭

    @Justacommeman said:

    @lkeigwin said:

    @Justacommeman said:

    @MrEureka said:
    If my accountant tells me to pre-pay my 2018 real estate taxes before the end of 2017, it will affect my short term budget for coins. That is, if I had a budget.

    I asked my accountant the same this morning. In my case he said not to. I'm going to take a haircut next year

    mark

    Good thing! The House compromise bill eliminated the prepay option.
    Lance.

    Wasn't trying to prepay 2018 just wanted to pay the second half of 2017 before Dec 31. Second half of 2017 taxes are due in Spring 2018. That way I would have paid 1.5 times in 2017 calendar year and only .5 in 2018. This is allowed. However, im my particular case it didn't matter. No benefit. It may benefit others

    Merry Christmas Lance

    m

    I think the bill eliminated the option to prepay state and local income taxes.
    I believe that property taxes could still be prepaid if your county allows it.

    I just finished prepaying mine. The website even had a drop down option for the payment purpose of "prepayment for next year tax payment".

    It's worth a shot since it won't be of any use to me as a deduction next year.

  • 10000lakes10000lakes Posts: 811 ✭✭✭✭
    edited December 22, 2017 9:03AM

    @OldIndianNutKase said:
    @amwldcoin Please explain your idea of double taxation. We have double taxation on coorproate profits on income. Property tax has no double taxation. Just tax assets like like stocks and bonds like houses and cars, and reduce income taxes further........maybe only a flat tax. Taxation of assets is an appropriate means of ensuring equality in our society.

    OINK

    Any transaction fee tax applied to stock and bond sales would just increase the cost basis and lead to a lower reported capital gain. Plus there is a huge moneyed interest that will not allow that to happen.

    Heck a lot of stocks now trade with a minimum of a 5 cent spread where you as an individual have to place your buy or sell order at the nickel increment, but market makers and high frequency traders can trade an any point in between the spread. It may not sound like much, but these firms make ten's of millions each skimming the difference.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭

    Tax & Spend. It’s economical. Isn’t this how, or why we made cents of it ?

  • crazyhounddogcrazyhounddog Posts: 14,004 ✭✭✭✭✭
    edited December 22, 2017 11:42AM

    I’ll > @ColonelJessup said:

    @crazyhounddog said:

    @ColonelJessup said:

    @crazyhounddog said:

    @ColonelJessup said:
    I am going short on Uranian Mint products. B)

    You can thank the Clintons ;)

    You've had two chances to notice you've been trolled.
    The Uranian provenance is ..... :* never mind..... :'(B)>:)

    Check your shorts :s

    My shorts are clean.
    It’s only going to be the biggest scam in US history when you check the real facts! This is already on the table for AG Sessions. Time’ll tell

    Not uranium, not even Iranian....
    I've already got $100 bet with another forum member on this NOT happening within six months of the last Baltimore show.
    Want some?
    Otherwise, stop talking out of Ur-anus.

    So Obama and the Clintons are just okay? LOL. Get a clue !
    What a freaking joke. I’m gonna go laugh my ars off. Your a scary dude :D

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • 10000lakes10000lakes Posts: 811 ✭✭✭✭
    edited December 22, 2017 11:00AM

    The spin begins.
    Several large companies have announced cash bonus to all of their non executive employee's, typically $1000.
    Also some have announced increases in minimum wage to $15 per hour.

    Right leaning media says 'see how great the tax plan is'
    Left leaning media says 'the companies were going to do this anyways because of low unemployment'

    :D:D:D

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @jmski52 said: "Keeping our doctor, plan and saving $2,500 was funny too."

    No big deal, we all know there are lies, and damn lies.

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    edited December 22, 2017 11:17AM

    Regardless of what side anyone is on, this thread is a real bummer for the run up to the Christmas weekend.

    Great transactions with oih82w8, JasonGaming, Moose1913.

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