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	<title>Comments on: Taxing the Hell Out of the Rich Isn&#8217;t the Answer</title>
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	<description>A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.</description>
	<lastBuildDate>Fri, 20 Nov 2009 19:56:44 -0800</lastBuildDate>
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		<title>By: Stacey</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427906</link>
		<dc:creator>Stacey</dc:creator>
		<pubDate>Tue, 30 Jun 2009 04:17:32 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427906</guid>
		<description>Not true on the expenses of the entire trip being deductible. Brush up on your tax code. </description>
		<content:encoded><![CDATA[<p>Not true on the expenses of the entire trip being deductible. Brush up on your tax code.</p>
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		<title>By: LoMo</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427864</link>
		<dc:creator>LoMo</dc:creator>
		<pubDate>Mon, 29 Jun 2009 22:24:20 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427864</guid>
		<description>continued 
 
Let them eat cake...and pay for it just like the middle class. As far as some lady driving in an expensive car...you dont know her situation or who she is. What i know is those that live In Kiawah SC in those million dollar homes with the regime fee of over $10,000 just to live there per year not including the mortague...well seems to  me they have more than enough to pay taxes equivalent to the middle class. BTW, they brag about how much they are NOT paying to the Government. If they didnt brag so much they would not be in the spot light.  </description>
		<content:encoded><![CDATA[<p>continued </p>
<p>Let them eat cake&#8230;and pay for it just like the middle class. As far as some lady driving in an expensive car&#8230;you dont know her situation or who she is. What i know is those that live In Kiawah SC in those million dollar homes with the regime fee of over $10,000 just to live there per year not including the mortague&#8230;well seems to  me they have more than enough to pay taxes equivalent to the middle class. BTW, they brag about how much they are NOT paying to the Government. If they didnt brag so much they would not be in the spot light.</p>
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		<title>By: LoMo</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427863</link>
		<dc:creator>LoMo</dc:creator>
		<pubDate>Mon, 29 Jun 2009 22:24:06 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427863</guid>
		<description>Continued... 
 
Both are huge and in the millions of dollars a piece. She comes to me and says she wants to pay $25.00 a month because they are having it hard. HAHAHHAHAHAHAHHA What a stupid idiot. Im living on 22 thousand a year and she wants to cut back on paying me so she and her husband can still play golf and continue to have their million dollars House(s). Yeah. If LOL has an issue with the rich...well in my opinion i think LOL has a right to do it. What is so funny is that when the rich dont pay OUT then the middle class and poor cant pay at all which means they cant purchase as much which means the rich will begin to lose their money anyway because they are not willing to give it up so the middle class and poor can spend...its a circle...if you dont know how a circle works go back to school. The rich needs to be taxed equvilant to that of the middle class.  Continued </description>
		<content:encoded><![CDATA[<p>Continued&#8230; </p>
<p>Both are huge and in the millions of dollars a piece. She comes to me and says she wants to pay $25.00 a month because they are having it hard. HAHAHHAHAHAHAHHA What a stupid idiot. Im living on 22 thousand a year and she wants to cut back on paying me so she and her husband can still play golf and continue to have their million dollars House(s). Yeah. If LOL has an issue with the rich&#8230;well in my opinion i think LOL has a right to do it. What is so funny is that when the rich dont pay OUT then the middle class and poor cant pay at all which means they cant purchase as much which means the rich will begin to lose their money anyway because they are not willing to give it up so the middle class and poor can spend&#8230;its a circle&#8230;if you dont know how a circle works go back to school. The rich needs to be taxed equvilant to that of the middle class.  Continued</p>
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		<title>By: LoMo</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427862</link>
		<dc:creator>LoMo</dc:creator>
		<pubDate>Mon, 29 Jun 2009 22:23:35 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427862</guid>
		<description>If you dont know, which you probably dont by your words, people that own business have an array of income covered by the business regardless of how much they report making. Thats common knowledge. If i want to take a trip and bring my family all i have to do is find a convention or cheap training school and the business pays for everything. So he might drive some cheap car for show...but its only for show. Get real. There is a customer of mine who owns 2 homes. Continued ...... </description>
		<content:encoded><![CDATA[<p>If you dont know, which you probably dont by your words, people that own business have an array of income covered by the business regardless of how much they report making. Thats common knowledge. If i want to take a trip and bring my family all i have to do is find a convention or cheap training school and the business pays for everything. So he might drive some cheap car for show&#8230;but its only for show. Get real. There is a customer of mine who owns 2 homes. Continued &#8230;&#8230;</p>
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		<title>By: marru</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427760</link>
		<dc:creator>marru</dc:creator>
		<pubDate>Mon, 29 Jun 2009 06:49:09 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427760</guid>
		<description>Some Tax Myths that People Continue to Believe In 
People believe that if they have already been filing for their taxes for a long time, they become experts in filing guidelines and requirements. However, unless you are a tax professional, it will be difficult for you to stay updated with all the changes because the tax code is undergoing revisions nearly annually and there are hundreds of different codes for almost all situations. 
&lt;a href=&quot;http://mgbfinance.blogspot.com/2009/06/some-tax-myths-that-people-continue-to.html&quot; target=&quot;_blank&quot;&gt;http://mgbfinance.blogspot.com/2009/06/some-tax-m...&lt;/a&gt; </description>
		<content:encoded><![CDATA[<p>Some Tax Myths that People Continue to Believe In<br />
People believe that if they have already been filing for their taxes for a long time, they become experts in filing guidelines and requirements. However, unless you are a tax professional, it will be difficult for you to stay updated with all the changes because the tax code is undergoing revisions nearly annually and there are hundreds of different codes for almost all situations.<br />
<a href="http://mgbfinance.blogspot.com/2009/06/some-tax-myths-that-people-continue-to.html" target="_blank"></a><a href="http://mgbfinance.blogspot.com/2009/06/some-tax-m.." rel="nofollow">http://mgbfinance.blogspot.com/2009/06/some-tax-m..</a>.</p>
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		<title>By: LOL</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427312</link>
		<dc:creator>LOL</dc:creator>
		<pubDate>Fri, 26 Jun 2009 16:48:43 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427312</guid>
		<description>Neverrow: Perhaps the locals would be more friendly if your company would hire more of them -- if your company already has hired a bunch of the locals, then I don&#039;t see what the problem is.  Two to three times income difference is not that big a deal, at least you are still in the same &quot;order of magnitude&quot;.  Sounds like you have the typical &quot;wrong side of the tracks&quot; kinda thing going on in your town -- that stuff is fixed by having annual July 4th parades, and neighborhood cookouts, or any other cheap &quot;get to know the neighbors&quot; type of events that towns should be doing. 
 
As for you purchasing the house -- sounds like you actually worked with a realtor and paid the normal / fair market value.  There is nothing wrong with buying a cheap house or an expensive house, as long as the price you pay is the true market price.  In my example, the guy just simply overpaid because he didn&#039;t work with a local realtor (other than the sellers realtor). 
 
And, as for living next door to a self-made farmer millionaire -- he is probably going to be one of the best neighbors you could find.  He didn&#039;t amass that much acreage by overpaying for it -- but if you ask him, he&#039;d probably tell you that you overpaid for your place :)   Before I bought my current house, I met the neighbors and got their opinions on what they thought the place was worth....it kept me from overpaying, and it kept their property taxes level. 
 
Farmers are some of the wisest people you will ever meet... </description>
		<content:encoded><![CDATA[<p>Neverrow: Perhaps the locals would be more friendly if your company would hire more of them &#8212; if your company already has hired a bunch of the locals, then I don&#039;t see what the problem is.  Two to three times income difference is not that big a deal, at least you are still in the same &quot;order of magnitude&quot;.  Sounds like you have the typical &quot;wrong side of the tracks&quot; kinda thing going on in your town &#8212; that stuff is fixed by having annual July 4th parades, and neighborhood cookouts, or any other cheap &quot;get to know the neighbors&quot; type of events that towns should be doing. </p>
<p>As for you purchasing the house &#8212; sounds like you actually worked with a realtor and paid the normal / fair market value.  There is nothing wrong with buying a cheap house or an expensive house, as long as the price you pay is the true market price.  In my example, the guy just simply overpaid because he didn&#039;t work with a local realtor (other than the sellers realtor). </p>
<p>And, as for living next door to a self-made farmer millionaire &#8212; he is probably going to be one of the best neighbors you could find.  He didn&#039;t amass that much acreage by overpaying for it &#8212; but if you ask him, he&#039;d probably tell you that you overpaid for your place <img src='http://allfinancialmatters.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />    Before I bought my current house, I met the neighbors and got their opinions on what they thought the place was worth&#8230;.it kept me from overpaying, and it kept their property taxes level. </p>
<p>Farmers are some of the wisest people you will ever meet&#8230;</p>
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		<title>By: Stacey</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427242</link>
		<dc:creator>Stacey</dc:creator>
		<pubDate>Fri, 26 Jun 2009 04:25:39 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427242</guid>
		<description>I read a friend&#039;s copy of Eker&#039;s Secrets of the Millionaire Mind a few years ago and thought it was quite good. So good in fact, that I had jotted down some of his key thoughts in a MS Word doc to always go back to for motivation (yeah...yeah..until now I never had, but it sure came in handy tonight!) 
 
I loved these quotes from the book: 
 
&quot;Rich people believe &#8220;you can have your cake and eat it too.&#8221; Middle-class people believe &#8220;Cake is too rich, so I&#8217;ll only have a little piece.&#8221; Poor people don&#8217;t believe they deserve cake, so they order a doughnut, focus on the hole, and wonder why they have nothing.&quot; 
 
That one summarizes my belief and most likely our blogging host&#039;s as well! 
 
I like these, too: 
 
&quot;When you are complaining, you become a living, breathing &#8220;crap magnet.&#8221; 
 
There is no such thing as a really rich victim! 
 
If your goal is to be comfortable, chances are you&#8217;ll never get rich.  But if your goal is to be rich, chances are you&#8217;ll end up might comfortable&quot; 
 
Go read the book--it&#039;s great! 
 </description>
		<content:encoded><![CDATA[<p>I read a friend&#039;s copy of Eker&#039;s Secrets of the Millionaire Mind a few years ago and thought it was quite good. So good in fact, that I had jotted down some of his key thoughts in a MS Word doc to always go back to for motivation (yeah&#8230;yeah..until now I never had, but it sure came in handy tonight!) </p>
<p>I loved these quotes from the book: </p>
<p>&quot;Rich people believe &ldquo;you can have your cake and eat it too.&rdquo; Middle-class people believe &ldquo;Cake is too rich, so I&rsquo;ll only have a little piece.&rdquo; Poor people don&rsquo;t believe they deserve cake, so they order a doughnut, focus on the hole, and wonder why they have nothing.&quot; </p>
<p>That one summarizes my belief and most likely our blogging host&#039;s as well! </p>
<p>I like these, too: </p>
<p>&quot;When you are complaining, you become a living, breathing &ldquo;crap magnet.&rdquo; </p>
<p>There is no such thing as a really rich victim! </p>
<p>If your goal is to be comfortable, chances are you&rsquo;ll never get rich.  But if your goal is to be rich, chances are you&rsquo;ll end up might comfortable&quot; </p>
<p>Go read the book&#8211;it&#039;s great!</p>
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		<title>By: Neverrow</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427218</link>
		<dc:creator>Neverrow</dc:creator>
		<pubDate>Fri, 26 Jun 2009 01:35:47 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427218</guid>
		<description>LOL, 
 
I found this comment of yours very interesting based on the way one of the high school age daughters of a coworker has been treated because, she is a &quot;rich outsider.&quot;  Without getting into the details of what I do.  I work for in a very specialized area and you basically have be employed by my company in another location before you move GA where I live now, you work there for 3-4 years and then move up by moving away again.  (there are less than 50 people at my work site but over 6000 at the company) 
 
Now none of us would consider ourselves rich but based on the Wikipedia demographics I just looked up we make at least 2.5 and close the 3 times the median income.  But like I said we are specialized and many in the area feel they have it made if they land a job at the local Miller Brewing plant.   
 
But back to my friends daughter, once the &quot;regular kids&quot; find out where she lives, in lets say the &quot;rich ghetto&quot; section of the county its as if it she is scum.  Her family came in and took a good job from one of the local.  (never mind that most of the locals wouldn&#039;t qualify for the job.) 
 
Now as for your site unseen buyer,  I would ask if you would have viewed myself and my coworkers any better.  I got 10 days (including the weekend) paid for by my company to find a house.  In total I got 4 months to transfer more than 1000 miles away.  If I had more time I may have paid a lot less for a house than I did, b/c quite frankly I picked the first house that worked for me and paid what I felt was an OK but not great price.  Now if I had more time I probably could have found something that worked just as well for about 10-15% less. 
 
Also, I just discovered I do have a Millionaire next door, of course he&#039;s a retired farmer (his son works the land now) with over 5000 acres under cultivation. </description>
		<content:encoded><![CDATA[<p>LOL, </p>
<p>I found this comment of yours very interesting based on the way one of the high school age daughters of a coworker has been treated because, she is a &quot;rich outsider.&quot;  Without getting into the details of what I do.  I work for in a very specialized area and you basically have be employed by my company in another location before you move GA where I live now, you work there for 3-4 years and then move up by moving away again.  (there are less than 50 people at my work site but over 6000 at the company) </p>
<p>Now none of us would consider ourselves rich but based on the Wikipedia demographics I just looked up we make at least 2.5 and close the 3 times the median income.  But like I said we are specialized and many in the area feel they have it made if they land a job at the local Miller Brewing plant.   </p>
<p>But back to my friends daughter, once the &quot;regular kids&quot; find out where she lives, in lets say the &quot;rich ghetto&quot; section of the county its as if it she is scum.  Her family came in and took a good job from one of the local.  (never mind that most of the locals wouldn&#039;t qualify for the job.) </p>
<p>Now as for your site unseen buyer,  I would ask if you would have viewed myself and my coworkers any better.  I got 10 days (including the weekend) paid for by my company to find a house.  In total I got 4 months to transfer more than 1000 miles away.  If I had more time I may have paid a lot less for a house than I did, b/c quite frankly I picked the first house that worked for me and paid what I felt was an OK but not great price.  Now if I had more time I probably could have found something that worked just as well for about 10-15% less. </p>
<p>Also, I just discovered I do have a Millionaire next door, of course he&#039;s a retired farmer (his son works the land now) with over 5000 acres under cultivation.</p>
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		<title>By: Terry</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427177</link>
		<dc:creator>Terry</dc:creator>
		<pubDate>Thu, 25 Jun 2009 21:14:45 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427177</guid>
		<description>I&#039;m not going to tax the hell out of the rich, but I dispute the idea that the vast majority have worked their butts off.  
 
I&#039;ve read a number of Robert Kiyosaki (Rich Dad Poor Dad) books, and Kiyosaki clearly prefers to have his money work for him than to work for his money. 
 
T Harv Eker (Secrets of the Millionaire Mind) says that the wealthy work hard temporarily, while the poor work hard for a lifetime. 
 
The work ethic we hear about is either a myth or not what it used to be. </description>
		<content:encoded><![CDATA[<p>I&#039;m not going to tax the hell out of the rich, but I dispute the idea that the vast majority have worked their butts off.  </p>
<p>I&#039;ve read a number of Robert Kiyosaki (Rich Dad Poor Dad) books, and Kiyosaki clearly prefers to have his money work for him than to work for his money. </p>
<p>T Harv Eker (Secrets of the Millionaire Mind) says that the wealthy work hard temporarily, while the poor work hard for a lifetime. </p>
<p>The work ethic we hear about is either a myth or not what it used to be.</p>
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		<title>By: LOL</title>
		<link>http://allfinancialmatters.com/2009/06/23/taxing-the-hell-out-of-the-rich-isnt-the-answer/comment-page-1/#comment-427130</link>
		<dc:creator>LOL</dc:creator>
		<pubDate>Thu, 25 Jun 2009 14:58:42 +0000</pubDate>
		<guid isPermaLink="false">http://allfinancialmatters.com/?p=3567#comment-427130</guid>
		<description>As for the &#039;wealthy&#039; having a direct impact on taxes, I have a personal example.  The house behind mine was bought a few years ago.  The buyer, some yahoo in Vegas, bought the house &quot;site-unseen&quot; because he saw it on the internet and thought the place was cheap.  Well, of course the place was cheap had it been located in Vegas, but he bought the place for 30% over market value where the house was actually located.  He moved in, and within 2 years (last year) he was foreclosed on.   
 
You may think that only he was affected -- wrong!  Myself and all my neighbors collectively have had to pay thousands extra in property taxes because of that one jackass.  The appraisal district decided to use that house as the baseline for everyone&#039;s appraisal.  
 
I don&#039;t have anything against the rich or wealthy, but I just want them to stay in their own areas.  Someone making $250k a year (probably not rich by CA or NY standards) moving into an area where the average income is $30k is going to negatively affect everyone that lives there before they showed up.  It upsets the natural balance of prices that were established. 
 
If I had a millionaire move in next door to me, I&#039;d move. </description>
		<content:encoded><![CDATA[<p>As for the &#039;wealthy&#039; having a direct impact on taxes, I have a personal example.  The house behind mine was bought a few years ago.  The buyer, some yahoo in Vegas, bought the house &quot;site-unseen&quot; because he saw it on the internet and thought the place was cheap.  Well, of course the place was cheap had it been located in Vegas, but he bought the place for 30% over market value where the house was actually located.  He moved in, and within 2 years (last year) he was foreclosed on.   </p>
<p>You may think that only he was affected &#8212; wrong!  Myself and all my neighbors collectively have had to pay thousands extra in property taxes because of that one jackass.  The appraisal district decided to use that house as the baseline for everyone&#039;s appraisal.  </p>
<p>I don&#039;t have anything against the rich or wealthy, but I just want them to stay in their own areas.  Someone making $250k a year (probably not rich by CA or NY standards) moving into an area where the average income is $30k is going to negatively affect everyone that lives there before they showed up.  It upsets the natural balance of prices that were established. </p>
<p>If I had a millionaire move in next door to me, I&#039;d move.</p>
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