Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Looks like our businessman
Comments
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I agree. Both candidates should hit each other on this hypocrisy. The only solution to this is to simplify the tax code. The problem with this, is that simplifying the tax code takes away a lot of private and federal jobs from people that have expertise in this complicated system. They've basically created a small economy on this issue. It should be dealt with, but there's a lot of money going into politicians pockets on both sides of the aisle for keeping the status quo. As I said, an entire financial industry relies on this complicated system for job security.NorthwestFresh said:
Biden shielding $12 million in income from the payroll tax via S-Corp and now running ads saying the Trump payroll tax suspension will kill Social Security is about as hypocritical as a politician gets. Trump needs to bring this up in a debate.greenblood said:Rich people avoid taxes. They pay a lot of money to do that.
Trump does it, Biden does it, they all do it. System should be fixed, but one isn't worse than the other. News at 11 -
The difference is that Trump isn’t the candidate that wants to raise taxes. What both of them did is legal, but Biden’s is hypocritical.greenblood said:
I agree. Both candidates should hit each other on this hypocrisy. The only solution to this is to simplify the tax code. The problem with this, is that simplifying the tax code takes away a lot of private and federal jobs for people that have expertise in this complicated system. They've basically created a small economy on this issue.NorthwestFresh said:
Biden shielding $12 million in income from the payroll tax via S-Corp and now running ads saying the Trump payroll tax suspension will kill Social Security is about as hypocritical as a politician gets. Trump needs to bring this up in a debate.greenblood said:Rich people avoid taxes. They pay a lot of money to do that.
Trump does it, Biden does it, they all do it. System should be fixed, but one isn't worse than the other. News at 11
https://youtu.be/KgUNdJAyxt0
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The people foaming at the mouth over a
The Tax code, legal system, and regulatory branch are all overly complex and complicated by design.greenblood said:
I agree. Both candidates should hit each other on this hypocrisy. The only solution to this is to simplify the tax code. The problem with this, is that simplifying the tax code takes away a lot of private and federal jobs for people that have expertise in this complicated system. They've basically created a small economy on this issue.NorthwestFresh said:
Biden shielding $12 million in income from the payroll tax via S-Corp and now running ads saying the Trump payroll tax suspension will kill Social Security is about as hypocritical as a politician gets. Trump needs to bring this up in a debate.greenblood said:Rich people avoid taxes. They pay a lot of money to do that.
Trump does it, Biden does it, they all do it. System should be fixed, but one isn't worse than the other. News at 11
Its a feature.- Allows for the selective application of the law based on insider favoritism
- Allows for the already rich and powerful class to weasel out or distort the tax/law/regulation for their benefit but crushes the little guy that doesnt have the same resources to throw at the problem
- Dramatically increases political leverage as they are the gatekeepers of loopholes in a system so complex new loopholes can be created or destroyed without a normal person even knowing it.
- Allows for the selective application of the law based on insider favoritism
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Best economy ever by any president. Why would anyone want more of that!
https://www.foxbusiness.com/economy/trump-economy-mainstream-media-andy-puzder -
A reminder that Biden spent over 40 years as a senator and a VP and did literally nothing to close tax loopholes.Houhusky said:The people foaming at the mouth over a
The Tax code, legal system, and regulatory branch are all overly complex and complicated by design.greenblood said:
I agree. Both candidates should hit each other on this hypocrisy. The only solution to this is to simplify the tax code. The problem with this, is that simplifying the tax code takes away a lot of private and federal jobs for people that have expertise in this complicated system. They've basically created a small economy on this issue.NorthwestFresh said:
Biden shielding $12 million in income from the payroll tax via S-Corp and now running ads saying the Trump payroll tax suspension will kill Social Security is about as hypocritical as a politician gets. Trump needs to bring this up in a debate.greenblood said:Rich people avoid taxes. They pay a lot of money to do that.
Trump does it, Biden does it, they all do it. System should be fixed, but one isn't worse than the other. News at 11
Its a feature.- Allows for the selective application of the law based on insider favoritism
- Allows for the already rich and powerful class to weasel out or distort the tax/law/regulation for their benefit but crushes the little guy that doesnt have the same resources to throw at the problem
- Dramatically increases political leverage as they are the gatekeepers of loopholes in a system so complex new loopholes can be created or destroyed without a normal person even knowing it.
- Allows for the selective application of the law based on insider favoritism
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This was one of the great things Reagan did. He actually did greatly simplify the tax code. But over time, it has gotten more and more complex. Eventually, we will need another Reagan to fix this shit, and these clowns aren't it.NorthwestFresh said:
A reminder that Biden spent over 40 years as a senator and a VP and did literally nothing to close tax loopholes.Houhusky said:The people foaming at the mouth over a
The Tax code, legal system, and regulatory branch are all overly complex and complicated by design.greenblood said:
I agree. Both candidates should hit each other on this hypocrisy. The only solution to this is to simplify the tax code. The problem with this, is that simplifying the tax code takes away a lot of private and federal jobs for people that have expertise in this complicated system. They've basically created a small economy on this issue.NorthwestFresh said:
Biden shielding $12 million in income from the payroll tax via S-Corp and now running ads saying the Trump payroll tax suspension will kill Social Security is about as hypocritical as a politician gets. Trump needs to bring this up in a debate.greenblood said:Rich people avoid taxes. They pay a lot of money to do that.
Trump does it, Biden does it, they all do it. System should be fixed, but one isn't worse than the other. News at 11
Its a feature.- Allows for the selective application of the law based on insider favoritism
- Allows for the already rich and powerful class to weasel out or distort the tax/law/regulation for their benefit but crushes the little guy that doesnt have the same resources to throw at the problem
- Dramatically increases political leverage as they are the gatekeepers of loopholes in a system so complex new loopholes can be created or destroyed without a normal person even knowing it.
- Allows for the selective application of the law based on insider favoritism
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What I said. Plus, if you "sell" your building you can do a delayed tax-free exchange and sell it tax-free.
@JamesGRickards
I have a graduate law degree in taxation, was tax counsel to world's largest bank. So, maybe I know more about taxes than the NYTimes. In real estate, gains are deferred until you sell the building. Expenses are current, (depreciation, interest, fees). So, tax losses are normal.
https://tinyurl.com/y5eyhqho -
Anyone else read far enough to see that the NYT also got access to Trump Org’s individual employee compensation in this non-story? How did that happen?
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I’m still trying to figure out how the NYT was able to legally get its hands on the returns....
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I don’t think they actually saw the returns, just a summary.thechatch said:I’m still trying to figure out how the NYT was able to legally get its hands on the returns....
