He made his millions because he lived in the USA and is now hiding it in another country so he doesn't have to pay for his good fortune. I think that is unPatriot. At least the Google guy moved, Dixie doesn't even have the decency to do that.
It's dangerous following Liberals
- Thread starter Dixie - In Memoriam
- Start date
He made his millions because he lived in the USA and is now hiding it in another country so he doesn't have to pay for his good fortune. I think that is unPatriot. At least the Google guy moved, Dixie doesn't even have the decency to do that.
Dixie - In Memoriam
New member
Oh, I have no beef really... other than the government wanting to steal my wealth. You asked what capitalism had done for me lately, and I told you. Now, you are dancing around on the head of a pin, pretending that capitalism involving the internet is somehow NOT really capitalism. You should get together with apple, you two have much in common! He believes fetuses are not REALLY living organisms!
...Oh, and by the way, my particular wealth was not earned as the result of the internet.
Dixie - In Memoriam
New member
Actually, my millions were never in this country. And no, I didn't check out my money and take it to Iraq.... then, I am not nearly as stupid as you, that's probably why!
Cancel 2016.11
Darla
"but my government wants to steal a substantial chunk of my wealth if I bring it back to this country, so I guess I'll have to keep waiting."
Yeah, the BS detector is flashing like, bright purple right now Dix.
zappasguitar
Well-known member
Dix is just another typical Rightie, and we've known for a long time their motto is:
Fuck the rest of you...I got mine!
apple0154
MEOW
apple0154
MEOW
Dixie - In Memoriam
New member
Whatever. It's probably a poor choice of words on my part. I should have said, "bring it home to papa!" instead.
To summarize briefly; A German company paid me for a patent on film processing for a particular type of high-speed film. Because of the tax liability, it was cheaper for me to claim the wealth in Germany, where I was paid, as opposed to being paid in the US, and paying (at the time) 39% of it to the government. I saved about 20% of my wealth by doing that. I can still transfer funds as I need them, but I am careful about how much and I avoid the thresholds which would trigger increases in tax rates, etc. Some of my wealth is invested in Germany, and I get dividend income from that, sometimes I go ahead and transfer that and claim it here, at 15% tax rates, and sometimes I leave it in Germany. I've also diversified my portfolio into Australia, so I may also transfer wealth to Australia. I would LOVE for the government to lower taxation of repatriated wealth, because I could then bring my wealth all home to where I am, and my family is. I'm never going to live in Germany, or Australia... although I do like to visit.
It's a shame that my money, along with TRILLIONS in other people's money, is out there somewhere in the world, doing our economy not one bit of good. If I had the wealth here, I would probably start some kind of business to dabble in, because I tend to get bored. I am smart enough to make it a success, so I would probably have to hire some people to run it, and because I am also lazy sometimes, I would probably buy a yacht or something to occupy my leisure time. I wouldn't even really mind paying the 35% luxury tax on it, because I had my wealth here with me, and not in Uncle Sam's pocket.
apple0154
MEOW
Didn't I correctly state your position?
You see, Dix, it will come down to a choice. Either you'll bring your money back and pay taxes like a good citizen or you won't get to enjoy it here. You may think you're hurting someone but that someone is yourself. No one else really gives a damn. But, hey, if your delusions lead you to think that by you doing without your hurting someone else.....well, who am I to rain on your delusional parade?
apple0154
MEOW
Nooooo, Dix. Don't bring it back. By you not buying a yacht you're punishing your neighbor. Stand your ground!
Dixie - In Memoriam
New member
Yes, you will have to wait. It's refreshing to see you've come to terms with it.
Oh it doesn't bother me one little bit, apple. I am a somewhat 'bohemian' type person, who requires very little materialistic things. I am a 'naturalist' or 'survivalist' type, who is perfectly comfortable out in the woods forging for my own food and living on my own resourcefulness. The greatest part about liking that sort of thing, is how little money it takes. It would shock you how little money I live on each year, given the fortune I have available. Now here's the part that's really interesting when it comes to our US tax codes, because I don't require a lot of money to live on, I don't have to claim that much income each year on my taxes. I am as "rich" as anyone here, but I generally fall in one of the lowest income brackets when it comes to taxes. I've actually had government social workers contact me about my "eligibility for food stamps!"
So you can think that this 'War on The Rich' is going to eventually pay off, but it won't do so with me. I have no intention of you getting your grubby fingers on a penny of my wealth. You MAY squeeze it out of my grandkids after I am long dead and gone, but by then, I doubt it serves to further your socialist agenda.
Dixie - In Memoriam
New member
Didn't I correctly state your position?
You see, Dix, it will come down to a choice. Either you'll bring your money back and pay taxes like a good citizen or you won't get to enjoy it here. You may think you're hurting someone but that someone is yourself. No one else really gives a damn. But, hey, if your delusions lead you to think that by you doing without your hurting someone else.....well, who am I to rain on your delusional parade?
Oh, but I DO enjoy my wealth already! You should see me at tax time! It takes me approximately 15 minutes to complete my forms and file them electronically, I have nothing to claim and no earned income. I don't even claim any deductions. Life is sweet... I just plop in the amount of my divi transfer for the year, calculate my tax from the table, and send them an e-check, it's sooooo simple! Meanwhile, I don't work really...You could say I pay myself to be ME! It's a wonderful job most of the time. I also enjoy reading my stock reports and such, seeing how well I am doing financially. Haven't been enjoying that as much lately, but it's really not a biggie. Most of the time, I am just enjoying life, whether I am out camping in the wilderness or canoeing down the river. Life is but a dream!
apple0154
MEOW
Then you should be a happy man. On the other hand for someone who claims to shun the materialistic life you sure do a lot of bitching about your money and talking about buying a yacht and....Frankly, it sounds like you're full of doo-doo.
Dixie - In Memoriam
New member
I don't bitch about my money, when have I bitched? And talk of buying a yacht would only happen if my wealth were here in the US, where I could have access to it. You see, then, perhaps I could justify it and would buy one... I've just always thought it would be cool as shit to have one. Hell, I might even buy a helicopter too! But the thing is, I don't have my wealth here with me, it's over there, in Germany. I can't see giving you 36% of it, so I can have the rest to spend, I had rather you not have any. I can live without a yacht or helicopter.
apple0154
MEOW
In that case we have something in common. It's been quite some time since I drew a pay check and when the spirit moves me, such as today, I take one of my cars for a drive and visit a few friends, some in business and some retired. On the other hand I don't have 7 million sitting off shore but, then again, it appears it changes little.
apple0154
MEOW
That's very white of you. As long as I don't get any of your money you're happy not getting it either. Bravo! I can certainly live with that.
Althea
Althea told me...........
What tax rate are you paying in Germany? What did you pay on your 'millions'?
Dixie - In Memoriam
New member
I can't recall exactly, I think I paid 19~20% on the actual 'income' when earned, and the investment dividends are about the same as the US, maybe a little less. I just remember it was going to cost me somewhere upwards of $3 million, if I were paid here and claimed the money as US income. It's historically much cheaper to keep your wealth in a foreign country, as opposed to claiming it here. Can you even imagine how much old money is out there, which could be brought back here to spend and create jobs, if we declared some kind of moratorium on taxation of repatriated wealth? Or even if we simply reduced the rate of taxation to some reasonable amount? Hundreds of billions would come flooding back here, and economic prosperity could not help but abound.
But.... You're a socialist who doesn't want capitalism and economic prosperity... you need to destroy capitalism so socialism can prevail.
apple0154
MEOW
You just don't get it, do you?
When you bring your money back and don't pay taxes on it here you're a freeloader. You get to use the local park and enjoy the safety of the downtown area traffic lights and drink water from the water purification plant and you never contributed to any of the cost. In fact, you get to enjoy the security of the military, the very people who protect you from foreigners stealing your money and you never paid your share. So don't talk about people taking your money. It's you using other people's money. The money other people paid for water and roads and lighting and Police and the military and everything else society offers.
Now do you get it?