Obama and Schwarzenegger‘sCalifornia solar plant Ivanpah To Close

[gator1776]

$1.6 billion in federal loans
$535 million in California grants
And it could not make money
Ivanoauh power $200 per kilowatt compared to $35 per kilowatt from a coal plant
Remember, this is supposed to be cleaner and more ecologically sound energy, sustainable energy yet it was also was very harsh on the environment killing thousands of birds and millions of insects

This is what happens when you let the government try and pick winners…

Had solar power been more efficient and could provide energy and a more marketable rate, it would’ve been naturally selected by a capitalist society decades ago!!

Ivanpah is the hole more than $1 billion and it’s about to close which means we pumped $2 billion into this solar plant that line the pockets of Obama and Schwarzenegger’s friends and we will never see a dime of that money back, we hurt the economy, and produced unfordable energy for California.


Again, the scariest words you’ll ever hear are, “we are the federal government, we’re here to help!!”

 

[gator1776]

Yet @Illegal-shift wants to hire more IRS agents to take more of our money and give it to the federal government or the state government in California.

Hell, I don’t even mind paying taxes to have the United States federal government, provided that damn government works for me. And I also think we already pay more than our fair share.

Probably the biggest reason why we love Trump, we feel like the federal government for the first time in decades is actually trying to work for us.

That said, I tell you what, I’d like to have just 10% of my tax dollars back so I can invest it for my retirement instead of relying on the federal government.

 

[Illegal-shift]

Yet @Illegal-shift wants to hire more IRS agents to take more of our money and give it to the federal government or the state government in California.

Hell, I don’t even mind paying taxes to have the United States federal government, provided that damn government works for me. And I also think we already pay more than our fair share.

Probably the biggest reason why we love Trump, we feel like the federal government for the first time in decades is actually trying to work for us.

That said, I tell you what, I’d like to have just 10% of my tax dollars back so I can invest it for my retirement instead of relying on the federal government.

The only way the IRS will take more of your money is if your a tax cheat. So I assume this is admitting that you are? Yes, I damn sure want the tax cheats to pay the amount they are required to under our laws, just like I do.

Your making the silly "defund the police" argument here and you don't even appear to realize it.

 

[GhostOfMatchesMalone]

The only way the IRS will take more of your money is if your a tax cheat. So I assume this is admitting that you are? Yes, I damn sure want the tax cheats to pay the amount they are required to under our laws, just like I do.

Your making the silly "defund the police" argument here and you don't even appear to realize it.

Check the breaking news. IRS is done.

 

[gatordad3]

The only way the IRS will take more of your money is if your a tax cheat. So I assume this is admitting that you are? Yes, I damn sure want the tax cheats to pay the amount they are required to under our laws, just like I do.

Your making the silly "defund the police" argument here and you don't even appear to realize it.

Don't forget to watch Monday Night Raw on Netflix.

 

[DCandtheUTBand]

The only way the IRS will take more of your money is if your a tax cheat. So I assume this is admitting that you are? Yes, I damn sure want the tax cheats to pay the amount they are required to under our laws, just like I do.

Your making the silly "defund the police" argument here and you don't even appear to realize it.

How much money should the sole owner of an S Corp be required to take as a salary? Does the code use words like reasonable? My reasonable and their might not align. It doesn't make me a cheat when they say my definition was wrong. It makes me pay more based on rules they make up as they go. Of course once they make up a rule its a guide going forward until it isn't. I am pretty sure such changes benefit the District of Corruptions money schemes.

So I have to hire an enrolled agent to make sure my reasonable salary is in compliance and as low as possible to take the rest as a dividend. It keeps you guys employed!

 

[DCandtheUTBand]

Yet @Illegal-shift wants to hire more IRS agents to take more of our money and give it to the federal government or the state government in California.

Hell, I don’t even mind paying taxes to have the United States federal government, provided that damn government works for me. And I also think we already pay more than our fair share.

Probably the biggest reason why we love Trump, we feel like the federal government for the first time in decades is actually trying to work for us.

That said, I tell you what, I’d like to have just 10% of my tax dollars back so I can invest it for my retirement instead of relying on the federal government.

Might be less resentment if they stuck to their constitutional enumerated powers. JMHO! For sure it would be significantly smaller, the USPS might work properly, and our roads would probably be better. Just saying IMHO. But such a small gubmint would not need an income tax to function.

 

[gator1776]

The only way the IRS will take more of your money is if your a tax cheat. So I assume this is admitting that you are? Yes, I damn sure want the tax cheats to pay the amount they are required to under our laws, just like I do.

Your making the silly "defund the police" argument here and you don't even appear to realize it.

Again, only a zealot would argue that we already don’t pay enough in taxes to the federal government. Especially when staring at a beautiful example of why they don’t deserve as much money as they take from us.

And I would venture to say I pay more in taxes in one year than you probably do in five. In fact, there’s a 99% chance that’s true.

 

[IrishPokerDog]

Again, only a zealot would argue that we already don’t pay enough in taxes to the federal government. Especially when staring at a beautiful example of why they don’t deserve as much money as they take from us.

And I would venture to say I pay more in taxes in one year than you probably do in five. In fact, there’s a 99% chance that’s true.

Zealots who think we don’t pay enough taxes are thoroughly ignorant of economics. Reagan was correct in that reducing taxes can INCREASE tax revenues. It’s called the Laffer curve in which 0% tax rate and 100% tax rate are both pegged at zero tax revenue.

I am all FOR maximizing tax revenue, but there has to be the RIGHT tax margin…. Not just stupidly and mindlessly increasing taxes. I believe based upon past basis point moves in income tax rates that we are too highly taxed and a marginal decrease would improve economic performance and likewise increase tax revenue

But NO Dem has ever recognized the effect of the Laffer curve or ever considered a feedback mechanism in tax rates ….. its too damn useful a tool for social friggin engineering

 

[Illegal-shift]

How much money should the sole owner of an S Corp be required to take as a salary? Does the code use words like reasonable? My reasonable and their might not align. It doesn't make me a cheat when they say my definition was wrong. It makes me pay more based on rules they make up as they go. Of course once they make up a rule its a guide going forward until it isn't. I am pretty sure such changes benefit the District of Corruptions money schemes.

So I have to hire an enrolled agent to make sure my reasonable salary is in compliance and as low as possible to take the rest as a dividend. It keeps you guys employed!

Your confusing several things here. First, I clearly said the IRC is way to complicated, so you needing to hire help is not something we are in disagreement about. The tax code needs to be much simpler and it complication is a big problem currently.

But your off base on the other point. The IRS doesn't make the rules. Congress does. Treasury write regulations (interpretations of the laws congress passed) that they have to abide by as well......although based on recent court ruling the IRS regulations are not really enforceable now anyway. Often times the IRS doesn't even want to write regulations because it gives smart tax attorney's a roadmap of how to avoid taxes. Do you propose that everybody make their OWN definition of what reasonable is? Is that really what you want? Of course there has to be a standard enforced by somebody or we might as well scrap the whole system.

 

[Illegal-shift]

Again, only a zealot would argue that we already don’t pay enough in taxes to the federal government. Especially when staring at a beautiful example of why they don’t deserve as much money as they take from us.

And I would venture to say I pay more in taxes in one year than you probably do in five. In fact, there’s a 99% chance that’s true.

The level of arrogance and complete and utter ignorance in this post is stunning.

AGAIN, I never said we don't pay enough taxes. Your lack of ability to grasp this simple point makes this a waste of time. Do you even know what the IRS does?

I work with a lot of doctors and based on that context your likely wrong on the last part........of course I am semi retired, so don't pay as much as I used to. I am sure you can impress some people on here though, that seems to be very important to you.

 

[DCandtheUTBand]

Your confusing several things here. First, I clearly said the IRC is way to complicated, so you needing to hire help is not something we are in disagreement about. The tax code needs to be much simpler and it complication is a big problem currently.

I am for the "Fair Tax," repeal of the 16th amendment and a Balanced budget amendment limiting total tax burden to 18% of GDP. Anonymity, for the average joe. No filing. A base credit to everyone to offset "groceries." My property is properly mine and I have first rights to it. Government gets its cut when I spend money.

But your off base on the other point. The IRS doesn't make the rules. Congress does. Treasury write regulations (interpretations of the laws congress passed) that they have to abide by as well......although based on recent court ruling the IRS regulations are not really enforceable now anyway.

We can hope.

Often times the IRS doesn't even want to write regulations because it gives smart tax attorney's a roadmap of how to avoid taxes. Do you propose that everybody make their OWN definition of what reasonable is? Is that really what you want?

How about a hard number like 20% of net. But they did define reasonable to some extent. Technically I could take near 100% as my wife's income is enough to pay all the bills but the EA says no dice and I don't want anyone giving me an anal exam.

If I thought I could get away with it I would pay myself min wage and take the rest as a dividend.

Of course there has to be a standard enforced by somebody or we might as well scrap the whole system.

Yes exactly. See point one.

 

[Illegal-shift]

I am for the "Fair Tax," repeal of the 16th amendment and a Balanced budget amendment limiting total tax burden to 18% of GDP. Anonymity, for the average joe. No filing. A base credit to everyone to offset "groceries." My property is properly mine and I have first rights to it. Government gets its cut when I spend money.

We can hope.

How about a hard number like 20% of net. But they did define reasonable to some extent. Technically I could take near 100% as my wife's income is enough to pay all the bills but the EA says no dice and I don't want anyone giving me an anal exam.

If I thought I could get away with it I would pay myself min wage and take the rest as a dividend.

Yes exactly. See point one.

You and I don't disagree on that much. I would welcome us exploring a different tax system, I just doubt it will ever happen because our current system is so engrained in our economy. But there is no doubt in my mind that we could do better than what we have right now.

One side note......make sure your getting your maximum 199A deduction with your S corp. That's the 20% deduction that came in with the original Trump changes. It doesn't apply to everybody so it may not apply to you.....but it might so just throwing it out there. Sometimes an increase in wages can increase the 199A deduction.

 

[GatorTheo]

Arnold hasn't had much to say recently.

 

[Orangeclad]

I am for the "Fair Tax," repeal of the 16th amendment and a Balanced budget amendment limiting total tax burden to 18% of GDP. Anonymity, for the average joe. No filing. A base credit to everyone to offset "groceries." My property is properly mine and I have first rights to it. Government gets its cut when I spend money.

We can hope.

How about a hard number like 20% of net. But they did define reasonable to some extent. Technically I could take near 100% as my wife's income is enough to pay all the bills but the EA says no dice and I don't want anyone giving me an anal exam.

If I thought I could get away with it I would pay myself min wage and take the rest as a dividend.

Yes exactly. See point one.

I had a hardy laugh at the statement "IRS doesn't make the rules." "Congress does". The IRS is the most powerful group of unelected bureaucrats that can make any individual or group's life hell. They write their own rules and interpret what they want to decide how hard to squeeze. I missed the congressional writing of the rules that told Lois Lerner to go after tea party groups and deny tax exempt status or delay the decisions on tax exempt status to be of no help in the 2012 election. But she told us all about the rules when she took the 5th.

 

[NavigatorII]

$1.6 billion in federal loans
$535 million in California grants
And it could not make money
Ivanoauh power $200 per kilowatt compared to $35 per kilowatt from a coal plant
Remember, this is supposed to be cleaner and more ecologically sound energy, sustainable energy yet it was also was very harsh on the environment killing thousands of birds and millions of insects

This is what happens when you let the government try and pick winners…

Had solar power been more efficient and could provide energy and a more marketable rate, it would’ve been naturally selected by a capitalist society decades ago!!

Ivanpah is the hole more than $1 billion and it’s about to close which means we pumped $2 billion into this solar plant that line the pockets of Obama and Schwarzenegger’s friends and we will never see a dime of that money back, we hurt the economy, and produced unfordable energy for California.


Again, the scariest words you’ll ever hear are, “we are the federal government, we’re here to help!!”

Have you ever seen a solar farm? Duke Energy has a few in north Florida. They are god awful looking abominations. I half assed did some research on them. They would not be profitable if not for government sponsored tax rebates. The upfront capital outlay on them is crazy high. I might understand it if they put them in the barren desert but clear cutting forests to deploy those ugly things is dumb.

 

[Orangeclad]

Maybe Obama should make a speech and tell America he's sorry. This was his genius idea.

As a matter of fact, Solyndra was his also. A 2 year bust costing taxpayers half a billion.

Please Obama, stay out of green energy.