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STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.



 
 
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  #11  
Old December 31st 20, 02:20 PM posted to rec.bicycles.tech
Eric Pozharski
external usenet poster
 
Posts: 41
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

with John B wrote:
On Wed, 30 Dec 2020 15:16:40 +0200, Eric Pozharski
wrote:
with John B wrote:
On Tue, 29 Dec 2020 13:46:44 +0200, Eric Pozharski
wrote:
with John B wrote:
On Mon, 28 Dec 2020 11:22:48 +0200, Eric Pozharski
wrote:
with John B wrote:
On Sun, 27 Dec 2020 14:35:13 -0800 (PST), Tom Kunich
wrote:
On Saturday, December 26, 2020 at 5:40:35 PM UTC-8, John B.
wrote:
On Sat, 26 Dec 2020 11:32:11 -0800 (PST), Tom Kunich
wrote:
On Friday, December 25, 2020 at 5:02:28 PM UTC-8, John B.
wrote:
On Fri, 25 Dec 2020 09:20:33 -0800 (PST), Tom Kunich
wrote:
On Thursday, December 24, 2020 at 7:27:21 PM UTC-8, Ralph
Barone wrote:
Frank Krygowski wrote:
On 12/24/2020 6:00 PM, jbeattie wrote:
On Thursday, December 24, 2020 at 8:01:30 AM UTC-8,
Frank Krygowski wrote:
On 12/23/2020 9:37 PM, jbeattie wrote:
On Wednesday, December 23, 2020 at 3:09:49 PM UTC-8,
AMuzi wrote:
On 12/23/2020 4:27 PM, Radey Shouman wrote:
Frank Krygowski writes:
On 12/23/2020 2:04 PM, Radey Shouman wrote:
Frank Krygowski writes:


"Democrat Extremists" "take over the world" Tommy boy, you are
going right round the bend. I read that Communist China's
economy is forecast to become larger then the U.S. by 2028.
Better you should worry about the Communists taking over.
(I probably shouldn't enter this death-match, but, what a
coincidence, here it comes anyway.) I'm binge listening to
certain podcast right now, and just yesterday I've consumed piece
on GDP. Turns out, GDP doesn't mean ****. It's just fancy
number that is
GDP is simply one way to measure of the market value of all the
final goods and services produced in a specific time period,,
usually in terms of "per capita" and is simply one statistical
indicator of national development. So yes, if the sale of cocaine
is a significant contributing factor in the economy then it should
be considered as part of the GDP.

*SKIP*
get. Consider this, let's assume one country includes business of

*SKIP*
GDP is a measurement of what happens, not what someone thinks should
have happened. For example, if one calculated a GDP for the state of
Nevada where gambling and prostitution are legal, and openly engaged
in then of course it is include
Now, may I have, from your perspective, reasonable explanation how
GDP is found out (let's not fall for 'made up', that would be
unreasonable or too early).

*SKIP* [ copoius wikipedia quote ]
Take your pick.


Well, I can respond with quotes too. Here comes what IMF has to say
about it, SNA2008, subsection 3.96 "Illegal actions":

Illegal actions that fit the characteristics of transactions
(notably the characteristic that there is mutual agreement
between the parties) are treated the same way as legal actions.
The production or consumption of certain goods or services, such
as narcotics, may be illegal but market transactions in such
goods and services have to be recorded in the accounts. If
expenditures on illegal goods or services by households were to
be ignored on grounds of principle, household saving would be
overestimated and households presumed to obtain assets that they
do not in fact acquire. Clearly, the accounts as a whole are
liable to be seriously distorted if monetary transactions that
in fact take place are excluded. It may be difficult, or even
impossible, to obtain data about illegal transactions, but in
principle they should be included in the accounts if only to
reduce error in other items, including balancing items.

I have two options how this GDP thingie could be pulled off. First is
taking someone's more or less educated more or less biased more or less
influenced guess (IOW -- 'expert opinion') and roll with it. Other
option is picking something at random (like literally) and roll with it.
Care to invent more options?

--
Torvalds' goal for Linux is very simple: World Domination
Stallman's goal for GNU is even simpler: Freedom
Ads
  #12  
Old December 31st 20, 05:48 PM posted to rec.bicycles.tech
Tom Kunich[_4_]
external usenet poster
 
Posts: 2,196
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Wednesday, December 30, 2020 at 4:44:45 PM UTC-8, John B. wrote:
On Wed, 30 Dec 2020 15:16:40 +0200, Eric Pozharski
wrote:

with John B wrote:
On Tue, 29 Dec 2020 13:46:44 +0200, Eric Pozharski
wrote:
with John B wrote:
On Mon, 28 Dec 2020 11:22:48 +0200, Eric Pozharski
wrote:
with John B wrote:
On Sun, 27 Dec 2020 14:35:13 -0800 (PST), Tom Kunich
wrote:
On Saturday, December 26, 2020 at 5:40:35 PM UTC-8, John B.
wrote:
On Sat, 26 Dec 2020 11:32:11 -0800 (PST), Tom Kunich
wrote:
On Friday, December 25, 2020 at 5:02:28 PM UTC-8, John B.
wrote:
On Fri, 25 Dec 2020 09:20:33 -0800 (PST), Tom Kunich
wrote:
On Thursday, December 24, 2020 at 7:27:21 PM UTC-8, Ralph
Barone wrote:
Frank Krygowski wrote:
On 12/24/2020 6:00 PM, jbeattie wrote:
On Thursday, December 24, 2020 at 8:01:30 AM UTC-8, Frank
Krygowski wrote:
On 12/23/2020 9:37 PM, jbeattie wrote:
On Wednesday, December 23, 2020 at 3:09:49 PM UTC-8,
AMuzi wrote:
On 12/23/2020 4:27 PM, Radey Shouman wrote:
Frank Krygowski writes:
On 12/23/2020 2:04 PM, Radey Shouman wrote:
Frank Krygowski writes:


"Democrat Extremists" "take over the world" Tommy boy, you are
going right round the bend. I read that Communist China's economy
is forecast to become larger then the U.S. by 2028. Better you
should worry about the Communists taking over.
(I probably shouldn't enter this death-match, but, what a
coincidence, here it comes anyway.) I'm binge listening to certain
podcast right now, and just yesterday I've consumed piece on GDP.
Turns out, GDP doesn't mean ****. It's just fancy number that is

*SKIP*
GDP is simply one way to measure of the market value of all the
final goods and services produced in a specific time period,,
usually in terms of "per capita" and is simply one statistical
indicator of national development. So yes, if the sale of cocaine is
a significant contributing factor in the economy then it should be
considered as part of the GDP.
Now we are making progress. To further this hilarious success
consider this -- if some trade (being it goods or services) is
illeagal (no taxes, no paperwork) how could anyone measure it?
As I wrote above "a significant contributing factor in the economy"
which would rather imply that it was in some manner accountable, or
perhaps you would prefer, counted, as how else could it be identified
as a "significant factor"?


You're blocking it, I wish to proceed though, let's see how far I can

Not really, I see that it has been deleted but I was replying to a
statement that cocaine sales were included in the GDP, and was simply
saying that it should have been.
get. Consider this, let's assume one country includes business of
prostitution and excludes gambling while other country includes selling
semi-automatics to pre-teens (it might be serious business, how can I
know?) and exludes crypto-currencies. Now, how such GDPs could be
compared? Another (surprise, for me, just asked it myself right now)
consideration -- I've never seen such thing, can anyone point out to
explanation of GDP going up/down because some activity flipped between
legal and illegal (whatever direction)?

GDP is a measurement of what happens, not what someone thinks should
have happened. For example, if one calculated a GDP for the state of
Nevada where gambling and prostitution are legal, and openly engaged
in then of course it is include

Now, may I have, from your perspective, reasonable explanation how GDP
is found out (let's not fall for 'made up', that would be unreasonable
or too early).

Well, you really didn't have to ask. Simply search for "how is gdp
determined" with any search engine, I got 51,200,000 "hits" when I
tried it.

But having said that there are several methods of calculating GDP, for
example.
GDP = C + G + I + NX
where
C = consumption or all private consumer spending within a country’s
economy, including, durable goods (items with a lifespan greater than
three years), non-durable goods (food & clothing), and services.

G = total government expenditures, including salaries of government
employees, road construction/repair, public schools, and military
expenditure.
I = sum of a country’s investments spent on capital equipment,
inventories, and housing.
NX = net exports or a country’s total exports less total imports.

Or you can use

GDP = Total National Income + Sales Taxes + Depreciation + Net Foreign
Factor Income
Total National Income – the sum of all wages, rent, interest, and
profits.
Sales Taxes – consumer taxes imposed by the government on the sales of
goods and services.
Depreciation – cost allocated to a tangible asset over its useful
life.
Net Foreign Factor Income – the difference between the total income
that a country’s citizens and companies generate in foreign countries,
versus the total income foreign citizens and companies generate in
that country.

And there are several "types" of GDP as in
Nominal GDP – the total value of all goods and services produced
at current market prices. This includes all the changes in market
prices during the current year due to inflation or deflation.
Real GDP – the sum of all goods and services produced at constant
prices. The prices used in determining the Gross Domestic Product are
based on a certain base year or the previous year. This provides a
more accurate account of economic growth, as it is already an
inflation-adjusted measurement, meaning the effects of inflation are
taken out.
Actual GDP – real-time measurement of all outputs at any interval
or any given time. It demonstrates the existing state of business of
the economy.
Potential GDP – ideal economic condition with 100% employment
across all sectors, steady currency, and stable product prices.

Take your pick.


In case you are unaware of it you moron - illegal activities producing income are not taxed and hence are not part of the GDP.
  #13  
Old December 31st 20, 11:08 PM posted to rec.bicycles.tech
John B.[_3_]
external usenet poster
 
Posts: 5,697
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Thu, 31 Dec 2020 16:20:52 +0200, Eric Pozharski
wrote:

with John B wrote:
On Wed, 30 Dec 2020 15:16:40 +0200, Eric Pozharski
wrote:
with John B wrote:
On Tue, 29 Dec 2020 13:46:44 +0200, Eric Pozharski
wrote:
with John B wrote:
On Mon, 28 Dec 2020 11:22:48 +0200, Eric Pozharski
wrote:
with John B wrote:
On Sun, 27 Dec 2020 14:35:13 -0800 (PST), Tom Kunich
wrote:
On Saturday, December 26, 2020 at 5:40:35 PM UTC-8, John B.
wrote:
On Sat, 26 Dec 2020 11:32:11 -0800 (PST), Tom Kunich
wrote:
On Friday, December 25, 2020 at 5:02:28 PM UTC-8, John B.
wrote:
On Fri, 25 Dec 2020 09:20:33 -0800 (PST), Tom Kunich
wrote:
On Thursday, December 24, 2020 at 7:27:21 PM UTC-8, Ralph
Barone wrote:
Frank Krygowski wrote:
On 12/24/2020 6:00 PM, jbeattie wrote:
On Thursday, December 24, 2020 at 8:01:30 AM UTC-8,
Frank Krygowski wrote:
On 12/23/2020 9:37 PM, jbeattie wrote:
On Wednesday, December 23, 2020 at 3:09:49 PM UTC-8,
AMuzi wrote:
On 12/23/2020 4:27 PM, Radey Shouman wrote:
Frank Krygowski writes:
On 12/23/2020 2:04 PM, Radey Shouman wrote:
Frank Krygowski writes:


"Democrat Extremists" "take over the world" Tommy boy, you are
going right round the bend. I read that Communist China's
economy is forecast to become larger then the U.S. by 2028.
Better you should worry about the Communists taking over.
(I probably shouldn't enter this death-match, but, what a
coincidence, here it comes anyway.) I'm binge listening to
certain podcast right now, and just yesterday I've consumed piece
on GDP. Turns out, GDP doesn't mean ****. It's just fancy
number that is
GDP is simply one way to measure of the market value of all the
final goods and services produced in a specific time period,,
usually in terms of "per capita" and is simply one statistical
indicator of national development. So yes, if the sale of cocaine
is a significant contributing factor in the economy then it should
be considered as part of the GDP.

*SKIP*
get. Consider this, let's assume one country includes business of

*SKIP*
GDP is a measurement of what happens, not what someone thinks should
have happened. For example, if one calculated a GDP for the state of
Nevada where gambling and prostitution are legal, and openly engaged
in then of course it is include
Now, may I have, from your perspective, reasonable explanation how
GDP is found out (let's not fall for 'made up', that would be
unreasonable or too early).

*SKIP* [ copoius wikipedia quote ]
Take your pick.


Well, I can respond with quotes too. Here comes what IMF has to say
about it, SNA2008, subsection 3.96 "Illegal actions":

Illegal actions that fit the characteristics of transactions
(notably the characteristic that there is mutual agreement
between the parties) are treated the same way as legal actions.
The production or consumption of certain goods or services, such
as narcotics, may be illegal but market transactions in such
goods and services have to be recorded in the accounts. If
expenditures on illegal goods or services by households were to
be ignored on grounds of principle, household saving would be
overestimated and households presumed to obtain assets that they
do not in fact acquire. Clearly, the accounts as a whole are
liable to be seriously distorted if monetary transactions that
in fact take place are excluded. It may be difficult, or even
impossible, to obtain data about illegal transactions, but in
principle they should be included in the accounts if only to
reduce error in other items, including balancing items.

I have two options how this GDP thingie could be pulled off. First is
taking someone's more or less educated more or less biased more or less
influenced guess (IOW -- 'expert opinion') and roll with it. Other
option is picking something at random (like literally) and roll with it.
Care to invent more options?



But what is incorrect with the IMF's theory?

Using Afghanistan as an example. Afghanistan is the largest grower of
opium poppies in the world with some 328,000 hectares used to grow the
crop. In 2006, revenue from the harvest brought in over $3
billionmore than 35 percent of the country's total gross national
product (GNP).

Shouldn't 35% of a nation's wealth production be counted, regardless
of where it is derived from?
--
Cheers,

John B.

  #14  
Old December 31st 20, 11:51 PM posted to rec.bicycles.tech
Andre Jute[_2_]
external usenet poster
 
Posts: 10,422
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Thursday, December 31, 2020 at 6:33:14 PM UTC, Eric Pozharski wrote:
with John B wrote:
On Wed, 30 Dec 2020 15:16:40 +0200, Eric Pozharski
wrote:
with John B wrote:
On Tue, 29 Dec 2020 13:46:44 +0200, Eric Pozharski
wrote:
with John B wrote:
On Mon, 28 Dec 2020 11:22:48 +0200, Eric Pozharski
wrote:
with John B wrote:
On Sun, 27 Dec 2020 14:35:13 -0800 (PST), Tom Kunich
wrote:
On Saturday, December 26, 2020 at 5:40:35 PM UTC-8, John B.
wrote:
On Sat, 26 Dec 2020 11:32:11 -0800 (PST), Tom Kunich
wrote:
On Friday, December 25, 2020 at 5:02:28 PM UTC-8, John B.
wrote:
On Fri, 25 Dec 2020 09:20:33 -0800 (PST), Tom Kunich
wrote:
On Thursday, December 24, 2020 at 7:27:21 PM UTC-8, Ralph
Barone wrote:
Frank Krygowski wrote:
On 12/24/2020 6:00 PM, jbeattie wrote:
On Thursday, December 24, 2020 at 8:01:30 AM UTC-8,
Frank Krygowski wrote:
On 12/23/2020 9:37 PM, jbeattie wrote:
On Wednesday, December 23, 2020 at 3:09:49 PM UTC-8,
AMuzi wrote:
On 12/23/2020 4:27 PM, Radey Shouman wrote:
Frank Krygowski writes:
On 12/23/2020 2:04 PM, Radey Shouman wrote:
Frank Krygowski writes:


"Democrat Extremists" "take over the world" Tommy boy, you are
going right round the bend. I read that Communist China's
economy is forecast to become larger then the U.S. by 2028.
Better you should worry about the Communists taking over.
(I probably shouldn't enter this death-match, but, what a
coincidence, here it comes anyway.) I'm binge listening to
certain podcast right now, and just yesterday I've consumed piece
on GDP. Turns out, GDP doesn't mean ****. It's just fancy
number that is
GDP is simply one way to measure of the market value of all the
final goods and services produced in a specific time period,,
usually in terms of "per capita" and is simply one statistical
indicator of national development. So yes, if the sale of cocaine
is a significant contributing factor in the economy then it should
be considered as part of the GDP.

*SKIP*
get. Consider this, let's assume one country includes business of

*SKIP*
GDP is a measurement of what happens, not what someone thinks should
have happened. For example, if one calculated a GDP for the state of
Nevada where gambling and prostitution are legal, and openly engaged
in then of course it is include
Now, may I have, from your perspective, reasonable explanation how
GDP is found out (let's not fall for 'made up', that would be
unreasonable or too early).

*SKIP* [ copoius wikipedia quote ]
Take your pick.


Well, I can respond with quotes too. Here comes what IMF has to say
about it, SNA2008, subsection 3.96 "Illegal actions":

Illegal actions that fit the characteristics of transactions
(notably the characteristic that there is mutual agreement
between the parties) are treated the same way as legal actions.
The production or consumption of certain goods or services, such
as narcotics, may be illegal but market transactions in such
goods and services have to be recorded in the accounts. If
expenditures on illegal goods or services by households were to
be ignored on grounds of principle, household saving would be
overestimated and households presumed to obtain assets that they
do not in fact acquire. Clearly, the accounts as a whole are
liable to be seriously distorted if monetary transactions that
in fact take place are excluded. It may be difficult, or even
impossible, to obtain data about illegal transactions, but in
principle they should be included in the accounts if only to
reduce error in other items, including balancing items.

I have two options how this GDP thingie could be pulled off. First is
taking someone's more or less educated more or less biased more or less
influenced guess (IOW -- 'expert opinion') and roll with it. Other
option is picking something at random (like literally) and roll with it.
Care to invent more options?

..
Read an economics textbook, Eric, or take an economics course by mail or night school at a college near you. These matters are considered in freshman classes at any decent college. Or you can approach it from the historical end: the GDP concept is the eventual outgrowth of the input-output table originated by Quesnay and Turgot of Les Economistes, and perfected by Leontief in recent decades.
..
Andre Jute
“IT'S THE ECONOMY, STUPID a Rhodes Scholar Education in One Hour” Available at iTunes/iBooks.
  #15  
Old January 1st 21, 05:54 AM posted to rec.bicycles.tech
Jeff Liebermann
external usenet poster
 
Posts: 4,018
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.


Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.


--
Jeff Liebermann
PO Box 272
http://www.LearnByDestroying.com
Ben Lomond CA 95005-0272
Skype: JeffLiebermann AE6KS 831-336-2558
  #16  
Old January 1st 21, 07:20 AM posted to rec.bicycles.tech
John B.[_3_]
external usenet poster
 
Posts: 5,697
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Thu, 31 Dec 2020 21:54:22 -0800, Jeff Liebermann
wrote:

On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.


Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

I believe that the infamous Al Capone was imprisoned for not paying
taxes on illegal income, and contrary to what Tom believes. the
Supreme Court, in 1927, ruled in United States v. Sullivan that
illegally earned income was subject to income tax.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.

--
Cheers,

John B.

  #17  
Old January 1st 21, 09:52 AM posted to rec.bicycles.tech
Ralph Barone[_4_]
external usenet poster
 
Posts: 853
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

Jeff Liebermann wrote:
On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.


Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.



Don’t do it again... :-)

  #18  
Old January 1st 21, 03:58 PM posted to rec.bicycles.tech
Jeff Liebermann
external usenet poster
 
Posts: 4,018
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Fri, 1 Jan 2021 09:52:25 +0000 (UTC), Ralph Barone
wrote:

Jeff Liebermann wrote:
On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.


Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.


Dont do it again... :-)


There was a time when I considered it my life goal to commit an
original crime. That's a crime that hasn't been done before or
possibly not even considered a crime. I had some really good ideas,
but changed my mind when I realized that I couldn't tell anyone about
it. Sigh... A life of crime isn't what it used to be.

70 pardons, 24 commutations, and growing:
"List of people granted executive clemency by Donald Trump"
https://en.wikipedia.org/wiki/List_of_people_granted_executive_clemency_by_Donal d_Trump

--
Jeff Liebermann
PO Box 272
http://www.LearnByDestroying.com
Ben Lomond CA 95005-0272
Skype: JeffLiebermann AE6KS 831-336-2558
  #19  
Old January 1st 21, 04:21 PM posted to rec.bicycles.tech
JBeattie
external usenet poster
 
Posts: 5,870
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Friday, January 1, 2021 at 7:58:26 AM UTC-8, wrote:
On Fri, 1 Jan 2021 09:52:25 +0000 (UTC), Ralph Barone
wrote:

Jeff Liebermann wrote:
On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.

Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.


Don’t do it again... :-)

There was a time when I considered it my life goal to commit an
original crime. That's a crime that hasn't been done before or
possibly not even considered a crime. I had some really good ideas,
but changed my mind when I realized that I couldn't tell anyone about
it. Sigh... A life of crime isn't what it used to be.

70 pardons, 24 commutations, and growing:
"List of people granted executive clemency by Donald Trump"
https://en.wikipedia.org/wiki/List_of_people_granted_executive_clemency_by_Donal d_Trump


Jeff, the new crime thing is totally doable and apropos of new years. New laws typically go into effect Jan 1, so just look for new criminal laws -- like the ban in California on selling flavored tobacco. At 12:01AM, you could have sold someone flavored tobacco -- $250 fine, so you could tell someone without much financial risk, and you could put the citation in a frame and maybe get the police officers to pose with you for a selfie. Regrettably, fines are not deductible business expenses, but any profits on the illegal flavored tobacco sale would be income.

-- Jay Beattie.




  #20  
Old January 1st 21, 05:22 PM posted to rec.bicycles.tech
Tom Kunich[_4_]
external usenet poster
 
Posts: 2,196
Default STUDY PROVES TOM KUNICH SPECTACULARLY RIGHT. AGAIN.

On Thursday, December 31, 2020 at 9:54:31 PM UTC-8, wrote:
On Thu, 31 Dec 2020 09:48:46 -0800 (PST), Tom Kunich
wrote:

In case you are unaware of it you moron - illegal activities producing
income are not taxed and hence are not part of the GDP.

Wouldn't it be better if you would research your allegations before
you recycle them in this newsgroup?

Taxation of illegal income in the United States
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
...a person's taxable income will generally be subject
to the same Federal income tax rules, regardless of
whether the income was obtained legally or illegally.

By coincidence, I just installed Turbot Tacks 2020 on my PC in
preparation for lying and cheating on my income taxes. Despite kidney
stone surgery, a pandemic, CZU wildfire, a 2 week evacuation, PG&E
power shutoff, and a really awful election, I may have accidentally
made a profit in 2020.


Since the illegal drug trade and other illegal activities are not probable because they deal in cash and so income cannot be proven exactly how to you suppose the government is going to tax these things?
 




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