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Started By
Message
re: President* Biden: It just isn’t right — and my economic plan will change it!
Posted on 9/17/21 at 11:09 am to PizzaPie
Posted on 9/17/21 at 11:09 am to PizzaPie
quote:
They've been parroting the "loophole" word for so long
They've been parroting the "loophole" word for so long, they've stopped dealing in the reality that virtually all of the ACTUAL "loopholes" that used to get bitched about are gone.
I actually think it's a pretty big deal that they've now gone from "loophole" to "EVADE."
Maybe the explanation lies in what you're saying. It's still rather fricking terrifying.
0
Posted on 9/17/21 at 11:10 am to PizzaPie
quote:
They've been parroting the "loophole" word for so long, they've stopped dealing in the reality that virtually all of the ACTUAL "loopholes" that used to get bitched about are gone.
"Loophole", in tax terms, means "A way to avoid taxes intended for one small group which becomes a HUGE group once enough accountants and tax attorneys figure out it exists."
Want to get rid of loopholes? Do a flat tax
Taxes don't have to be complicated.
Mississippi's state tax form could literally be a postcard because there is such minimal information on it.
Louisiana's is so complicated that the media used to joke that it was a combination tax return / LEAP exam.
Posted on 9/17/21 at 11:10 am to Alltheway Tigers!
quote:Exactly
Avoidance is what the tweet should say and that is every citizens duty. Pay what you owe according to the tax law.
The way Democrats use the word "evade", I'm "evading" taxes when I take perfectly legal deductions. Even the ones really popular among Democrats!
Posted on 9/17/21 at 11:11 am to Seldom Seen
Yep.. And when he does this and they leave the US who is going to employ everybody? Dumbfricks.
Posted on 9/17/21 at 11:12 am to PizzaPie
quote:
The way Democrats use the word "evade", I'm "evading" taxes when I take perfectly legal deductions. Even the ones really popular among Democrats!
And the problem being that they are completely misusing the term intentionally.
"Evading taxes" is an actual crime in which you don't report income received by falsifying your income.
"Avoiding taxes" is taking advantage of various credits to majorly lower your taxes to where you aren't paying your actual tax-table tax for your income.
One is a crime. One is being smart.
Posted on 9/17/21 at 11:13 am to Seldom Seen
This president is legitimately suffering from severe mental degradation and his loony handlers are not helping either. I would rather believe that Biden is the actual person sending those tweets rather than one of his aides, if it’s not Biden tweeting then it makes sense why this administration is in complete dumpster fire mode.
Posted on 9/17/21 at 11:14 am to Seldom Seen
quote:
evade an estimated $160 billion
Someone would sue him for false allegation. Unless they are violating a specifically defined law then they are not 'evading' taxes.
The solution to this is simple - if you find someone evading taxes, then arrest them. Otherwise shut you stupid mouth.
And also = IF you are going to base your entire plan on 'pay their fair share' then DEFINE what is fair. If you cannot do that - shut your stupid mouth.
There is a place to address this - congress, specifically the House of Representatives. Tell them to make the laws they want and then quit complaining that their laws are 'unfair.'
This has ground my gears for the past 40 years.
Posted on 9/17/21 at 11:14 am to Bass Tiger
quote:
if it’s not Biden tweeting then it makes sense why this administration is in complete dumpster fire mode.
Biden was the candidate BECAUSE loony handlers could control him.
Even the completely stupid like Heels Up have limits to the amount of bullshite they will try because they know there are limits to believability.
Joe just does as he's told and these idiots think everyone will buy it.
This post was edited on 9/17/21 at 11:15 am
Posted on 9/17/21 at 11:15 am to teke184
quote:I know what it means.
"Loophole", in tax terms, means "A way to avoid taxes intended for one small group which becomes a HUGE group once enough accountants and tax attorneys figure out it exists."
Alas, this ain't 1980. Almost every meaningful "loophole" is dead.
That's how we USED to tax. We'd set the top rate at something absurd, but then, there were 100 different ways to avoid it. That's why you should laugh at anyone who says to you, "but the top rate in XYZ year used to be......" when justifying why it should be that high now.
Posted on 9/17/21 at 11:20 am to PizzaPie
If dems are so convinced that taxing the rich is so necessary. Why don’t dems voluntarily donate a large portion of their income to the government?
This post was edited on 9/17/21 at 11:21 am
Posted on 9/17/21 at 11:21 am to PizzaPie
quote:
How. HOW are they "evading" it.
Question marks follow questions. Not periods. FYI.
Posted on 9/17/21 at 11:21 am to statman34
quote:
He's not the one tweeting
Yeah, that doesn't even need to be said anymore. Everyone knows it is his handlers running the show, but Joe is the face. When I tell Joe to shut up I am telling Obama, Hillary, and all the other string pullers to shut up, but I don't think it necessary to point that out every time.
It's a given
Posted on 9/17/21 at 11:21 am to ocelot4ark
quote:
Question marks follow questions. Not periods. FYI.
That tenet thing chapped your little butt, didn't it?
Posted on 9/17/21 at 11:23 am to Seldom Seen
Now tell us how much they pay in taxes.
Posted on 9/17/21 at 11:29 am to Seldom Seen
I think the tweet is referring to a Treasury Department statement that claims $160 billion in taxes is being evaded because taxpayers are underreporting income by using vehicles like partnerships and S-corps, and that there aren't enough IRS agents to audit all the returns that have this underreported income.
In other words, if you have W2 income, this is directly reported to the IRS and it is easy to audit this income, but if you report say rental income from a partnership, the IRS doesn't have an easy way to verify this. There was a study (behind a paywall) that claims billions are lost each year because taxpayers underreport this income and the IRS doesn't have the manpower to audit these returns.
This is the justification for going after banking records, and increasing the budget of the IRS by $80 billion.
Treasury Department Statement
In other words, if you have W2 income, this is directly reported to the IRS and it is easy to audit this income, but if you report say rental income from a partnership, the IRS doesn't have an easy way to verify this. There was a study (behind a paywall) that claims billions are lost each year because taxpayers underreport this income and the IRS doesn't have the manpower to audit these returns.
This is the justification for going after banking records, and increasing the budget of the IRS by $80 billion.
Treasury Department Statement
Posted on 9/17/21 at 11:31 am to Seldom Seen
Defamation per se
Posted on 9/17/21 at 11:31 am to Thundercles
quote:
You notice how every Democrat complains about this but none of them bother to just rewrite the tax rules that they're specifically complaining about?
I mean the House could whip up new tax rules in a few months and pass it. Instead it's all just platitudes.
They have run this same play for decades. They could have changed the laws any time they wanted; however, they eokk Uk lf rather keep things the way they are and help their ftiendz; while they with the help of their propaganda machine hammer the Republicans with the issue.
Posted on 9/17/21 at 11:31 am to Seldom Seen
quote:
the top 1% evade an estimated $160 billion in taxes each year.
Soooooooo instead of closing loopholes in the tax laws, you're going to raise EVERYONE's taxes; yes baws and girls that's how you stupid.
Posted on 9/17/21 at 11:32 am to Seldom Seen
I just want to know who plays the President on twitter
Posted on 9/17/21 at 11:34 am to Seldom Seen
quote:
Today in this country, the top 1% evade an estimated $160 billion in taxes each year.
Dems have spent 50x this amount in the last year. So it’s basically a drop in the bucket. Why the hard on for this extra 160 bil?
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