[Vision2020] taxation

[Scott Dredge]

Dale,

I'm sure this will all work out much better than your
gloom and doom scenarios.  I also expect that with
fewer workers in the job pool, those workers will
enjoy nice big fat paychecks and won't be hurting too
terribly to support the infrastructure that allows
them to flourish.  Do you have a graph on that?  The
increase of median salaries when the worker pool
shrinks and yet the demand for workers grows?

As for thinking outside the box, about 10 years ago
when I was attending an investment seminar, the
speaker was covering the topic of what type of
strategies could be used to stay out of the higher tax
brackets.  I had what I thought was a simple question
for him which was along the lines "Do you have any
suggestions on how I can get myself into the highest
tax bracket?".  Fortunately I was able to figure out
not only how to increase my income to get into the
highest tax bracket, but to exceed the top bracket and
go all the way into the nether regions of the tax code
and into something called Alternative Minimum Tax
(AMT).  I still carry a hefty AMT credit from 7 years
ago that I'll likely keep on my tax return for the
rest of my life.  And yet I rejoice in this
accomplishment instead of despairing in it.

Now, for the visionaries on this list who still fall
for the same old tired ploy of "tax write offs" and
who for some reason want to reduce their taxable
income for the 2003 tax year, please donate generously
to the Christine and Scott Dredge Engineering
Endowment Fund in the University of Idaho Foundation. 
This Endowment pays out scholarships to UI engineering
students in the form of $1000 to 1 senior, $1000 to 1
junior, $1000 to 1 sophomore, and $1000 to 1 freshman
annually.

Merry Christmas!

-Scott

--- Dale Courtney <dmcourtn@moscow.com> wrote:
> Phil,
>  
> As for TANSTAAFL -- there's too much to say. First,
> the leftists want to
> continue to increase the taxation burden that our
> children will bear. They
> simultaneously ignore that there is a decreasing
> population base to support
> those taxes. 
>  
> Here is the tax burden on our children just for
> Social Security: 
>  
> SSA Workers per Beneficiary
>  
> As you can see, we currently have ~3.3 workers
> supporting every SSA
> beneficiary. 
>  
> Because of the decreasing birth rate in the USA, the
> increasing life
> expectancy, and the large number of Baby Boomers who
> are retiring, we will
> be to the point where over 50% of our kids' pay will
> go to support just SSA
> benefits by ~2045. 
>  
> No, there ain't no such thing as a free lunch --
> just shifting the cost onto
> someone else.
>  
> The liberals have only a couple choices -- start
> having more children (will
> never happen), cut benefits (doubtful), live with an
> 85% tax burden, or
> privatize Social Security. 
>  
> I'd like to see some out-of-the-box thinking from
> the Left on this one. 
>  
> Best,
> Dale
>  
> 
> 
>   _____  
> 
> From: vision2020-admin@moscow.com
> [mailto:vision2020-admin@moscow.com] On
> Behalf Of Cjsnightclub@aol.com
> Sent: Monday, 22 December, 2003 13:03
> To: dmcourtn@moscow.com; vision2020@moscow.com
> Subject: Re: [Vision2020] taxation
> 
> 
> Dale,
> 
> This information that you got is that taking into
> account "property
> taxes"???? Or is it just personal income tax, sales
> tax, vehicle tax, gas
> tax, utility tax, etc. If so - do they have it for
> Washington, Nevada,
> Montana and Utah. This would be of interest to me.
> So you can see that we
> are being over taxed per citizen by over 16%.
> 
> Dale - the problem with most of these people that
> believe they can tax
> themselves into prosperity is they truly believe it
> works. All of them that
> think like this are on the "free lunch" program.
> Guaranteed jobs, guaranteed
> retirement, guaranteed medical. all at the expense
> of society. Takes an IQ
> of 2 to see this. Not a PHD.
> 
> Phil 
> 
>