Subj : Taxes (was: Re: Insurance)
To   : GEORGE POPE
From : JOE MACKEY
Date : Sun Jan 30 2022 07:38:00

  CP wrote --

> Even if you're not officially in charge, you know it'll make your job easier in the long run, eh?

  Anything to make my life easier I'm all for.  :)

> Ford & Walton were tyghinknig in terns of their grandchildren & beyond, not only to the next quarterly report & a blip in the profits they've cashed in on to the tune of 7+ figures.

  I once read the difference between a politician and a statesman is the
politician looks to the next election, the statesman to the next generation.

> Some guys are collecting welfare or EI & like under the table cash jobs (fraud by any other nmame) at the same time.

  I'm sure a lot of those temps were on some sort of government program.

> I actually know several ways I can bypass all this & double dip easily, 

  I am currently double dipping.  I am on SS and working.
  With Social Security one can earn extra money with a cap, go over that
and the feds take it.
  I was talking with some of the cops at work the other day and said that
"Big Daddy" (my nickname for the owner, whom they know, who is a cop in a
nearby town) is looking out for us by paying very little so this doesn't
happen.  :)
  I'm not sure what the cap is but I'm under it.

> So you get taxed by akll 3 levels of goverbment?!

  And not just that.
  Say you buy a car or house.  You are taxed first for the car/house.  Then
each year you are taxed on it again as personal property.
  Plus in WV a car is considered a luxury, and there is a luxury tax.

> I'm trying to get it so my city can raise money by taxes other than property & gas, as is allowed in our Constitution. (our federal evel is not allowed to raise money by income taxes nor sales ta=xes,. yet does both with impunity, & even the Supreme Court c

  Cities in WV are not allowed to have a city tax, per se.
  They get around this by having "business and occupation" taxes.  These
are passed on to the consumer and such things as a gas or electric bill will
list this, that and the other tax (fed/state) and list the B&O tax as well.
  Its like the old Beatles song, "Taxman".
  https://www.youtube.com/watch?v=l0zaebtU-CA&ab_channel=TheBeatles-Topic
  
>>> We have Emplyment Insurance up here you pay into from each paycheque.

  Oh, and WV also taxes one unemployment money when drawn on.  Money one
has already been taxed on as well.

>  >   I don't have a lot invested and frankly don't recall what the money is in.  Half is in bonds.  Pays little but safe, and half is in the market.
> 
> Mutual Funds via your bank?

  I believe so.

> Nice tyhing about this echo is we can chat like this, preaching to the choir & the rare new gen who wants to, can read & be inspired by our war stories :D 

  Yep.
  Joe
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