Dad2three
Gold Member
Sure Bubs, sure:
BOSS THE DUMBASS SAYS:
"Not true. If you reside somewhere else and earn income somewhere else, the US has no authority to tax you."
BZZ WRONG.
BOSS THE DUMBASS SAYS:
"You seem to think the US has some kind of taxing power that enables them to go all over the world taxing people in different countries because they happen to be US citizens. They don't."
BZZ WRONG. ALL US CITIZENS OWE TAXES ON ANY INCOME (OFFSET BY THOSE TAX TREATIES/TAXES PAID)
DUMBASS SAYS:
"Your taxes are paid on the income you claim in the US. If I make $10 million in Germany and claim it as income in the US, then I pay taxes on it."
BZZ WRONG. There is no double taxation, that's what the treaties do. UNLESS it's from a TAX HAVEN then YOU PROBABLY will OWE US taxes if you bring it back!
DUMBASS SAYS:
"Your worldwide income (i.e.; your reported income earnings from abroad.) If you do not claim them as income they are not earnings and not taxable. "
BZZ WRONG. ALL INCOME FROM ANY SOURCE, BE IT IN THE US OR BELIZE, GERMANY OR TEA-BAGGERSTAN, ARE REQUIRED TO BE REPORTED TO US TAX AUTHORITY AND SUBJECT TO TAXATION. NOW IF YOU MADE THE INCOME IN GERMANY, PROB ZERO TAXATION ISSUE IN THE US, BUT BELIZE OR TEA-BAGGERSTAN, PROB WOULD OWE SOME FORM OF TAXES!
LOL
You can keep on spamming the board with this... do we need to contact a mod?
I've already addressed your error several times. We're not talking about income when we're talking about my wealth asset. It's not income. It won't ever be income unless I withdraw it and claim it as income. IF I DO THAT... THEN all this stuff you are posting applies. UNTIL I DO THAT, it's NOT INCOME! CAN'T BE INCOME! WON'T BE TURNED MAGICALLY INTO INCOME BECAUSE YOU WANT IT TO BE!
NOW FUCK THE HELL OFF! MORON!
Sure Bubs, sure:
DUMBASS SAYS:
"Your worldwide income (i.e.; your reported income earnings from abroad.) If you do not claim them as income they are not earnings and not taxable. "
BZZ WRONG. ALL INCOME FROM ANY SOURCE, BE IT IN THE US OR BELIZE, GERMANY OR TEA-BAGGERSTAN, ARE REQUIRED TO BE REPORTED TO US TAX AUTHORITY AND SUBJECT TO TAXATION. NOW IF YOU MADE THE INCOME IN GERMANY, PROB ZERO TAXATION ISSUE IN THE US, BUT BELIZE OR TEA-BAGGERSTAN, PROB WOULD OWE SOME FORM OF TAXES!
THAT "WEALTH" YOU TALKING ABOUT LIAR? lol
Again... You can keep posting this spam as much as you like, it's in error because you keep talking about "income" and I don't have foreign income. I keep saying I don't have income and you keep saying "all income is taxed" and we're not making contact with your brain, apparently.
When I earned the income back in 1988, I paid Germany income taxes. I did not owe US taxes on the income. That income went into a securities investment which is now a wealth asset. It gains value each year and it rolls over into the investment, it is not claimed as income. If I ever take it out of the securities investment and bring it to the US, it counts as income... even though I already paid income tax on it in 1988. Some of it would only be subject to capital gains tax rates... but none of it is taxable in the US unless it is claimed as income. We do not tax wealth assets in America.
Look... This is the same thing as equity growth in your home. You own a home worth $200k in 2015... you do not owe income tax on your $200k home... it is an asset, not income. In 2016, the value of your home increased to $250k... you do not owe taxes on the $50k value your home gained any more than you owe tax on the home itself. We don't tax assets, we tax income. Because the value of your asset increased, doesn't make you liable for tax on the increase in value. Now... IF I SELL MY HOME... different deal! THEN the money becomes earned income from the sale of property. It's a completely different ballgame.
"When I earned the income back in 1988, I paid Germany income taxes. I did not owe US taxes on the income."
Prob did not "owe" taxes BUT you were REQUIRED to report the income to the treasury, since Germany's tax rate would've been higher than the US, no taxes would've been owed in the US!
Yes GROWTH from that asset IS SUBJECT TO TAXATION FROM THE NATION EARNED WHEN CASHED OUT (or dividends are paid (which you said repeatedly happened) AND subject to US taxation IF US citizen BUT you get credit for foreign taxes paid!!).
Weird how YOU don't understand how double taxation YOU argued against earlier, doesn't really happen in the US on individuals income!
Yep.... walk it all back... that's right, pinhead. Nothing is "income" until it's cashed out. I never said dividends were paid, in fact, I specifically addressed the difference between a "dividend value" and an a "dividend received" which you had erroneously confused numerous times. I get a statement each year, telling me my dividend value, should I decide to receive my dividend as income. I decline. It remains a wealth asset or holding and it will remain that until I cash it out.
So don't you feel really silly now? All this time you've spent constructing these beautifully formatted posts... colored letters in bold... research time spent at the IRS website to find all the ammo you needed to take Boss down.... all for nothing because you didn't listen.
WALK IT BACK?? OK DUMBFUKK, SINCE YOU WANT TO PLAY THAT WAY:
BOSS THE DUMBASS SAYS:
"Not true. If you reside somewhere else and earn income somewhere else, the US has no authority to tax you."
BZZ WRONG.
BOSS THE DUMBASS SAYS:
"You seem to think the US has some kind of taxing power that enables them to go all over the world taxing people in different countries because they happen to be US citizens. They don't."
BZZ WRONG. ALL US CITIZENS OWE TAXES ON ANY INCOME (OFFSET BY THOSE TAX TREATIES/TAXES PAID)
BOSS THE DUMBASS SAYS:
"Your taxes are paid on the income you claim in the US. If I make $10 million in Germany and claim it as income in the US, then I pay taxes on it."
BZZ WRONG. There is no double taxation, that's what the treaties do. UNLESS it's from a TAX HAVEN then YOU PROBABLY will OWE US taxes if you bring it back!
BUT IF YOU MAKE $10,000,000 IN GERMANY, AND PAY THEIR TAX RATES, YOUR US BURDEN WOULD BE ZERO, BECAUSE THEY HAVE A HIGHER TAX BURDEN, YOU CAN BRING THE MONEY HOME ANYTIME, WITHOUT DOUBLE TAXATION!!!!
BOSS THE DUMBASS SAYS:
"Your worldwide income (i.e.; your reported income earnings from abroad.) If you do not claim them as income they are not earnings and not taxable. "
BZZ WRONG.
BOSS THE DUMBASS SAYS:
"I made $5 million IN Germany... got it? I paid income taxes on it, TO Germany? Following me? The money is still IN Germany, in a German bank, collecting German interest. Each year, I have to pay Germany tax on the interest dividends."
COOL. AND YOU ARE REQUIRED TO REPORT THAT TO US TAX AUTHORITY
BOSS THE DUMBASS SAYS:
"It is NOT US INCOME! It doesn't ever BECOME US income unless I bring it to the US and claim it as income. If I do that, I will be taxed AGAIN."
BZZ WRONG, AGAIN, ALL INCOME FROM ANY SOURCE WHETHER YOU ARE ON US SOIL OR TEA-BAGGERSTAN OR GERMANY, IS REQUIRED TO BE REPORTED TO US TAX AUTHORITY, BUT SINCE (AGAIN) GERMANY HAS A HIGHER TAX BURDEN, THERE WOULD PROB BE NO NEW US TAX BURDEN IF YOU BRING THE MONEY TO THE US!
BOSS THE DUMBASS SAYS:
"My plan is to eliminate double taxation. Repatriate that wealth and create new jobs with it."
YOUR "PLAN" DO SOMETHING ABOUT SOMETHING THAT'S NOT BEING DONE??? LOL
Lot's of fun showing that YOU are not only a stupid MF but a liar too Bubs
NEXT
LMAOROG
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