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Well, I watched the first debate... (Read 6280 times)
CH-HELL
Ex Member



Re: Well, I watched the first debate...
Reply #50 - Sep 28th, 2008 at 10:27pm
 
I dont know the whole story I am going to delete my post and stay out of it.    Phil Lips Sealed
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CH-HELL
Ex Member



Re: Well, I watched the first debate...
Reply #51 - Sep 28th, 2008 at 10:48pm
 
I tried to delete it but hey you where to quick to come at me thats all right I can take it.  I was only going with the info you provided in this post and as far as seeing showing me your tax returns no thanks it really doesn't matter to me if your living in a box and typing from a stolen lap top or your in your lake house and having your butler type for you.
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fubar
Ex Member



Re: Well, I watched the first debate...
Reply #52 - Sep 29th, 2008 at 1:47am
 
Seriously man, would you not react at being called a liar?

Look, I've been pretty open about what happened to me. I blame myself for not realizing what was happening at the time.  I was too busy dealing with a number of things to really understand what the perils were, and I got bit, big time.

I have plenty (several million) reasons to be unhappy with the tax code, and both of the parties being irresponsible with our taxes.  Just as with CH, you'd have to walk in my shoes to understand the magnitude.  I've said many times, I thank God for all things, even losing everything, because it taught me lessons I could not buy.

My 'excitement' over this kind of debate might be a little more understandable, no?


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CH-HELL
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Re: Well, I watched the first debate...
Reply #53 - Sep 29th, 2008 at 7:14am
 
Being called a liar is the worst for me and that is why I tried to retract my post, I dont know the whole story so I appoligise for that and the more I think about it I do understand your frustrated.  CH-HELL is my evil twin  Phil
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FramCire
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Re: Well, I watched the first debate...
Reply #54 - Sep 29th, 2008 at 12:11pm
 
Quote:
Seriously man, would you not react at being called a liar?

Look, I've been pretty open about what happened to me. I blame myself for not realizing what was happening at the time.  I was too busy dealing with a number of things to really understand what the perils were, and I got bit, big time.

I have plenty (several million) reasons to be unhappy with the tax code, and both of the parties being irresponsible with our taxes.  Just as with CH, you'd have to walk in my shoes to understand the magnitude.  I've said many times, I thank God for all things, even losing everything, because it taught me lessons I could not buy.

My 'excitement' over this kind of debate might be a little more understandable, no?




Very much so.  However, you can also see where most people would have a very hard time understanding your situation without knowing all the facts.  With me, i would have understood if you explained it this way right away vs. attacking my intelligence.  I too find the tax code to be woefully annoying.  Many years ago I worked as an umpire for a softball league just a few games and because of the way the MA tax code was written, I actually LOST money because of it.  I was paid in cash and I didnt have to report it, but of course I did and lost money.

Yes, this is a MUCH MUCH smaller scale, but I could go on and on with other issues I have with the code that have cost me a ton more but who here would care?

I think we just run Jonny/Charlie as a ticket and sit back as they fix our country.
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You've overstayed your welcome since the day we met but it doesn't seem to matter to you.  No medications are your master, nothing makes you fret, it's a helpless feeling having nothing I can do
 
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fubar
Ex Member



Re: Well, I watched the first debate...
Reply #55 - Sep 29th, 2008 at 12:31pm
 
That's the beauty of forums... it's very hard for each and every post to stand on its own.  Most require context which is 100% available to the writer, but often not conveyed nealy well enough to the reader.

I didn't mean to insult your intelligence at all.  Having a debate about economics is what I thought we were doing.  My position is that the Obama tax plan would hurt the economy, and that saying it's OK to tax the upper 5% to fix it all is just plain wrong.  You can't possibly tax the top 5% without hurting the bottom 20%.  Who do you think pays the bottom 20%?  The idea that our government is going to 'right the wrongs' by forcing the top 5% to give more to the bottom 20% is complete hogwash, inanely stupid economic policy.
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deltadarlin
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Re: Well, I watched the first debate...
Reply #56 - Sep 29th, 2008 at 7:58pm
 
As Ten Years After sang

"Tax the rich, feed the poor
Till there are no rich no more"
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jimmers
Ex Member



Re: Well, I watched the first debate...
Reply #57 - Sep 29th, 2008 at 8:13pm
 
Quote:
If you want to see tax returns, if it's that important to you, show me yours and I'll show you mine.  In reality, I made a little more than $11 Million if you count 1998 through today.  All of that was counted as 'ordinary income because I was (as a Director of the company) buying my shares at a low set price (the strike price was set on the day I was grated the various sets of stock options).  When I bought the shares, I was not allowed to sell them because I was locked out of selling due to being materially involved with all of the acquisitions the company was making.  So, all this income was from NQ options which is taxable just like wages.  Problem came when the value plummeted while I was locked out of selling.  Instead of holding the stock, I ended up owing the broker money, and not having anything when the final tax bill came in, which was an extra $672 thousand.  I lost everything I owned, including my house, my business, my cars... everything.  You can believe what you want, I'm just telling you almost every penny I have made since 2001 has gone directly to the IRS.  When you pile on our IVF expenses on top of that, I do not have any extra pennies.  I don't really care if you believe it, but don't call me a liar.  I've explained this here on the board many times.

-Shawn

Shawn,

Do you think this may have been a bad choice on your part? An almost to good to be true scenario?

I mean, If you weren't allowed to sell the (Set price discounted stock no matter what the price, high or low) because you were intimately involved with company acquisitions and such, where was your potential gain in this whole scenario? Retirement? Corporate takeover?

I think the only ones who could get a tax break when the price plummeted on this whole deal were the corporate officers, and they knew it.

Just asking,

Jimmers
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