Are the very wealthy paying their share?

[KrazyHorse]

Why did you overpay tax withholding by 10k+?

[Asher]

No choice. CPP, EI (switched jobs half-way through the year, so I paid both year-long), moving expenses, RRSP contributions.

[KrazyHorse]

Ah.

[Egbert]

The fact that you think the time value of money is a "lunatic fringe theory" is amusing

You jump to a conclusion with such certaintly.

[KrazyHorse]

I jump to no conclusions that are not amply supported by evidence, you twit.

[Egbert]

So why do you that I might think that money has no time value? Where is your evidence that I believe something which I don't believe?

[KrazyHorse]

Tax Capital gains (after adjusting for inflation) at the same rates as income tax.

[Jon Miller]

The fact that you haven't yet internalized the fact that "income" as usually defined is a meaningless measure makes me wonder about your intelligence, your sincerity, or both.

It depends on what you are interested in measuring.

And I do use income as usually defined, because that is how it is usually defined. And I talk about income, because that is what people generally want to talk about and compare.

I recognize your arguments that it isn't the most useful thing to talk about and/or compare, but at the moment I am more interested about how people feel in the 'real world'. If you want some other measure to be the one that people generally talk about and compare, then change the discourse on your own merits. Not by denigrating me.

JM

[Egbert]

Indexing for inflation implies a time value for money. You have used this to jump to the opposite conclusion. You are a moron. (responding to KH, not to JM Xpost)

End of discussion.

[KrazyHorse]

It depends on what you are interested in measuring.

And I do use income as usually defined, because that is how it is usually defined. And I talk about income, because that is what people generally want to talk about and compare.

I recognize your arguments that it isn't the most useful thing to talk about and/or compare, but at the moment I am more interested about how people feel in the 'real world'. If you want some other measure to be the one that people generally talk about and compare, then change the discourse on your own merits. Not by denigrating me.

JM

Jon, you will get the respect you deserve.

[KrazyHorse]

Indexing for inflation implies a time value for money. You have used this to jump to the opposite conclusion. You are a moron. (responding to KH, not to JM Xpost)

End of discussion.

No, it's not the end of discussion, you ****ing idiot. The rate of inflation is not the time value of money in any world other than the one where you've apparently arbitrarily decided that the real rate of interest is uniformly 0.

[KrazyHorse]

No wonder you're stuck being an accountant in adelaide.

[Egbert]

[q]The fact that you haven't yet internalized the fact that "income" as usually defined is a meaningless measure makes me wonder about your intelligence, your sincerity, or both.

Another thing before I disappear for the weekend. JM lives in the real world whereas you live in your own little fantasy world. There is a thing called "taxable income" in the real world. There is a big fat Tax Act, taxation ruling and a swag of court cases that all seek to define "taxable income". This is a definition for everyone in the country including you. It is the amount you pay tax on at some rate or another. Hard dollars come out of your pocket and go into the tax mans bank account. How meaningless is that?

You must think of the real world, get out of your fantasy world.

[KrazyHorse]

Another thing before I disappear for the weekend. JM lives in the real world whereas you live in your own little fantasy world. There is a thing called "taxable income" in the real world. There is a big fat Tax Act, taxation ruling and a swag of court cases that all seek to define "taxable income". This is a definition for everyone in the country including you. It is the amount you pay tax on at some rate or another. Hard dollars come out of your pocket and go into the tax mans bank account. How meaningless is that?

You must think of the real world, get out of your fantasy world.

Right, the law defines income in some way, therefore this is unambiguously the correct lens through which we should answer the question "are the very wealthy paying their share".

Twit accountants

[Asher]

Another thing before I disappear for the weekend. JM lives in the real world

Isn't he in Sweden?