Tuesday, November 11, 2008

How to avoid the Obama tax increase?

Don't make money!

7 comments:

Doug said...

How do we avoid getting lightened for our share of the $700 Billion bailout, actually plus another $40 Billion or so for AIG as of 11/10. Or how about the tax code being changed, quite probably unlawfully, last month which will now allow those companies receiving bailout money to buy failing companies with that bailout money to use as tax shelters to avoid paying taxes if and when they become profitable once again.
You're being fleeced and it's not by any change in the personal income tax structure.

rac said...

Ric, your plan shouldn't prove too difficult for the millions currently (and soon to be) unemployed.

juliet said...

AIG got the bail out money and headed to a five star venue to drink a sigh of relief and spend a few days at the spa. So that was the first important business activity after their bail out.Did they show that on the news in your part of town.

Ric Larson said...

You know, that is why I took my money out. AIG was my investment firm!

Paul said...

I have a friend that has a saying about taxes.

1. If you don't have to pay taxes, great you don't have to pay taxes.

2. If you have to pay taxes, great you made money.

Ric Larson said...

Sorry, what I meant to write was, "if you make more than $250,000, I mean $200,000., no I really mean $150,000, now I really really honestly mean if you make more than $120,000, your taxes will increase. Hold on to you wallets folks!

It is always good to make money and spend some of it. If you don't, your welfare will come from those that do.

Becki said...

What a mess. Under the Obama tax plan (pick any one) I would be considered "rich." My children all went to public school and are receiving public college educations, because that is all that we can afford. We have more than paid our way. I give heavily to charity and volunteer at church.

Our United Way fund raising drive is going on at work and do you know how many people won't give up $1? Most of them. I manage over 400 employees in two offices and have plenty of jobs. Yet I am paying more in unemployment than I ever have in the past.

I don't get it. So when I'm asked to share the wealth? I already do. To the unemployed? Give me a call - I've got penty of work.

Americans are spoiled and need to hit bottom to find themselves and really start to build the nation we once were. It will be painful, but will be so worth it.