If they throw you in jail, it will cost them.

Right now, I owe money but I’m unemployed. I hope to get a job soon and when I do, I will pay my tax account plus interest penalties for paying late. But until I’m employed, I just can’t pay, LOL !

At least if you can get out on a little I think there’s no problem with it. If you can get out on a lot so much the better. Anything they can audit might get you in trouble, and they’ll even monitor facebook/etc. now but if you are willing to take the risk I see no problem. I want my friends to trust me so I don’t lie to them, I don’t care if the state trusts me if I can avoid it as much as possible.

“Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against… We’re after power and we mean it… There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.”

(Ayn Rand’s, ‘Atlas Shrugged’ 1957)

It’s the Sagan Tax: we need billions and billions.

I was heroic for a time, but chickened out right before the guns came out.

No kidding. I moved from a state that has an income tax to one that doesn’t. I had forgotten I had a tax balance in that previous state of about $800. They raided one of my bank accounts that only had $105. The bank, BofA, which I am no longer with, charged me $100 to send the state $5.

You don’t really own anything in this country. You don’t own your money if it’s in a bank. You don’t own your car. You don’t own your land or house. The government owns it and you.

The difference here is that your looking at 15% tax

Ordinary income rate | Long-term capital gain rate
10% | 0%
15% | 0%
25% | 15%
28% | 15%
33% | 15%
35% | 15%

So Bill G and others tax rate is very close to that of a person that makes $8,400 dollars a year. It’s all very pathetic. What they are really advocating on CNN and other places is the government making it increasingly difficult for people who are not wealthy to become wealthy.

I wonder what they would do if Obama and friends decided to put a 40% tax on long term capital gains for people earning more then 5 million a year.

Not that I want that to happen mind you. Income tax should be abolished. If we must have a tax then do it through a consumption tax.