Selfish, egocentric, talentless bitch.

[AshtonBlack]

If fifty percent of a 'fuck load of money' doesn't leave you with a 'fuck load of money' you aren't earning a 'fuck load of money'. She IS earning a 'fuck load of money.'
Whining bitch.

Doubtless, she has a team of accountants and tax specialists working avoiding (not evading, obviously) it. There is NO WAY someone that rich pays 50%.

I would go further and say, the majority of the super rich, that this is supposed to be targeting, would rather spend a proportion of their income on avoidance, rather than let the tax man have it.

I was advised to setup a limited liability company as a place holder for my wages. Corporate tax is even more lenient than income tax, in terms of avoidance.

[Gawdzilla Sama]

If fifty percent of a 'fuck load of money' doesn't leave you with a 'fuck load of money' you aren't earning a 'fuck load of money'. She IS earning a 'fuck load of money.'
Whining bitch.

Doubtless, she has a team of accountants and tax specialists working avoiding (not evading, obviously) it. There is NO WAY someone that rich pays 50%.

I would go further and say, the majority of the super rich, that this is supposed to be targeting, would rather spend a proportion of their income on avoidance, rather than let the tax man have it.

I was advised to setup a limited liability company as a place holder for my wages. Corporate tax is even more lenient than income tax, in terms of avoidance.

Just because she has more money than some small countries you guy are picking on her.

Well done, that man!

[Pappa]

If fifty percent of a 'fuck load of money' doesn't leave you with a 'fuck load of money' you aren't earning a 'fuck load of money'. She IS earning a 'fuck load of money.'
Whining bitch.

Doubtless, she has a team of accountants and tax specialists working avoiding (not evading, obviously) it. There is NO WAY someone that rich pays 50%.

I would go further and say, the majority of the super rich, that this is supposed to be targeting, would rather spend a proportion of their income on avoidance, rather than let the tax man have it.

I was advised to setup a limited liability company as a place holder for my wages. Corporate tax is even more lenient than income tax, in terms of avoidance.

Technically, you still pay the roughly same amount of tax on any actual cash that ends up on your bank account, but you can get round that by buying pretty much everything you use with company money (as long as you can justify it as a valid business expense)... and you don't pay tax on all those expenses.

[Animavore]

I just Googled her there.

How the fuck did she get away with this?



I hate these people so much. What a fucking blagger. She must laugh herself moist every night wondering how she could've gotten away with it. Like some bank thief that got away with pulling the worlds biggest robbery.

[Gawdzilla Sama]

I just Googled her there.

How the fuck did she get away with this?

Ani, the system is simple.

Some critic decides he/she/it hasn't "discovered" anyone lately and goes looking for something/anything to hype. Then they use the "emperor's new clothes" tactic, saying that people who don't see the "genius" of the "artist" in question must be a lout and a boor. None of it is real. I mean, fucking Campbell's soup cans? "I paint crap."

[Animavore]

I just Googled her there.

How the fuck did she get away with this?

Ani, the system is simple.

Some critic decides he/she/it hasn't "discovered" anyone lately and goes looking for something/anything to hype. Then they use the "emperor's new clothes" tactic, saying that people who don't see the "genius" of the "artist" in question must be a lout and a boor. None of it is real. I mean, fucking Campbell's soup cans? "I paint crap."

What a sad little world we live in

[Gawdzilla Sama]

I just Googled her there.

How the fuck did she get away with this?

Ani, the system is simple.

Some critic decides he/she/it hasn't "discovered" anyone lately and goes looking for something/anything to hype. Then they use the "emperor's new clothes" tactic, saying that people who don't see the "genius" of the "artist" in question must be a lout and a boor. None of it is real. I mean, fucking Campbell's soup cans? "I paint crap."

What a sad little world we live in

That's a microcosm of the real world, of course. "American Idol" and "Britain's Got Talent"? Please. It's all hype in the end. The trick is to not buy into it. Then you can stand back and say "he's naked!" without worrying if the crowd will be shocked or simply stunned.

[devogue]

I think 50% as a top rate of tax is too much.

No matter how you earn your money, and no matter how much you earn, it's not fair that you have to hand over half of your earnings while someone else who may not have worked as hard or taken as many risks only has to hand over a quarter of theirs.

[Gawdzilla Sama]

I think 50% as a top rate of tax is too much.

No matter how you earn your money, and no matter how much you earn, it's not fair that you have to hand over half of your earnings while someone else who may not have worked as hard or taken as many risks only has to hand over a quarter of theirs.

Its a cycle, Dev. The more people are taxed, the harder they work at avoiding the taxes, and the higher the taxes get in order to circumvent that avoidance. An upward spiral. [/flat tax rant]

[Trolldor]

Let's see now, if you are charged fifty percent and your NET income is still higher than the gross income of most of society, I can rightly say shut the fuck up and stop bitching.

[devogue]

I think 50% as a top rate of tax is too much.

No matter how you earn your money, and no matter how much you earn, it's not fair that you have to hand over half of your earnings while someone else who may not have worked as hard or taken as many risks only has to hand over a quarter of theirs.

Its a cycle, Dev. The more people are taxed, the harder they work at avoiding the taxes, and the higher the taxes get in order to circumvent that avoidance. An upward spiral. [/flat tax rant]

Yes. I think that a flat rate of, say, 25% would be a good thing. If nothing else, it would be ethically fair. To charge one person more than another reeks of punishment or envy.

So someone earning £20,000 a year pays £5,000 in tax, while someone earning £1,000,000 per year pays £250,000 in tax - no loopholes allowed, no tax avoidance allowed, no fucking about with domicility and all that nonsense - pay your dues if you want a passport and any other benefits from your home country. And sort out inheritance as well - it's unfair how money is passed on to people by way of birth. Arrive with nothing, leave with nothing.

The £20k person has £15k on which to live (I did happily, and on much less, for many years) - their expectations in life match their financial and business ambitions. If their expectations rise then they can apply themselves to working harder, working to gain more qualifcations to earn more money, and so on - basic capitalism.

If someone else, by dint of talent, work ethic, risk or whatever finds their natural level of income within the free market to be £1m per year, then fair play to them - why should they be punished more than someone who has not?

In any case, money and capital are fluid, and any wealth accumulated by an individual will either trickle down to society as a whole in the long run through natural expenditure or it will rain down in a torrent if a wealthy individual is profligate or philanthropic by nature.

[Clinton Huxley]

Hmmmm...I'm not sure many people would claim that "trickle-down" Reaganomics was a massive success...

[Gawdzilla Sama]

Hmmmm...I'm not sure many people would claim that "trickle-down" Reaganomics was a massive success...

The best part of that program trickled down Ron's leg.

[Clinton Huxley]

Hmmmm...I'm not sure many people would claim that "trickle-down" Reaganomics was a massive success...

The best part of that program trickled down Ron's leg.

That's a haunting image, Gawd....

[Trolldor]

That 'trickle down' is taxing. Taxing their income and investing it infrastructure, thereby boosting the economy, providing employment and so on. In the meantime their fourth or fifth holiday home might have to wait a little while, along with their hundred thousand dollar 'artwork' replicated by families all over the world every morning.
If you don't tax their income, it sits in a bank account, stagnating. It's "value" might be increasing for the individual, but the money itself is not circulating in the economy, it becomes worthless.
Also, a flat tax is not representative of reality. When you factor in all expenses, someone who still has a net gain of several million (or billion) will have a hell of a lot of superfluous cash floating around, that could better be used on the infrastructure that the family of five on $80 000 a year are supporting.