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re: New Talking Point: DRUMPF only paid $750 in taxes in 2016 and 2017
Posted on 9/27/20 at 5:43 pm to TideCPA
Posted on 9/27/20 at 5:43 pm to TideCPA
quote:
1. Why? Because you’re able to utilize business losses to offset business income? Why should someone pay taxes if they haven’t generated net income?
A dude walking home with enough $$$ to but private planes should probably pay more in federal taxes than a garbage man. You're explaining why he was able to do it legally. I'm saying that it's not clear how the US benefits from billionaires doing this.
quote:
2. Biden participated in drafting most of those laws.
What does this have to do with anything?
3
Posted on 9/27/20 at 5:53 pm to longwayfromLA
quote:
A dude walking home with enough $$$ to but private planes should probably pay more in federal taxes than a garbage man. You're explaining why he was able to do it legally. I'm saying that it's not clear how the US benefits from billionaires doing this.
These liberal politicians you left wingers worship like GODS are the ones who write these tax codes! Because they are all bought off by rich lobbyists to write tax codes for their cronies while the middle class gets stuck with the bill.
Posted on 9/27/20 at 5:54 pm to longwayfromLA
quote:
A dude walking home with enough $$$ to but private planes should probably pay more in federal taxes than a garbage man. You're explaining why he was able to do it legally. I'm saying that it's not clear how the US benefits from billionaires doing this.
Wealth =/= net income. If a billionaire’s personal income is less than zero due to business losses he can carry forward, he will owe little to no tax. This isn’t some big new thing.
This post was edited on 9/27/20 at 5:55 pm
Posted on 9/27/20 at 5:56 pm to longwayfromLA
quote:
What does this have to do with anything?
everything dumbass
You don't believe that Biden profited from it? Why else would a "man of the little guy" do it?
Are you dense?
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