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re: So Biden and Harris released their 2019 taxes

Posted on 9/29/20 at 2:38 pm to
Posted by CredulousChowder
Boone, NC
Member since Sep 2020
161 posts
Posted on 9/29/20 at 2:38 pm to
Apart from the forced "donation" of funds to the completely inefficient, wasteful and incompetent government, how did these Democrat politicians contribute to the economy? How the hell did they make that much money (I know Joe hasn't been in office since Jan 2017, but question stands)?

Compare and contrast the number of people employed--directly and indirectly--by Trump over the past decade, to those two losers' job creation record.

But also, never "misunderestimate" the ignorance of the populace re: basic economics.
This post was edited on 9/29/20 at 2:39 pm
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62859 posts
Posted on 9/29/20 at 2:40 pm to
quote:

Lots of us pay it.


That's not the top marginal rate, but it is damn near the top effective rate for that amount of taxable income.

And if you pay the top effective rate for your specific dollar amount, you are either virtue signaling or stupid.

Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
15036 posts
Posted on 9/29/20 at 2:41 pm to
quote:

I don't understand why people care. Like someone posted earlier, I only GAF about my taxes.


I do. Really, come on? You know why people want to know what his taxes look like. For me I'm with you. I don't care what he paid. Come on early voting!!
MAGA
Posted by TGFN57
Telluride
Member since Jan 2010
6975 posts
Posted on 9/29/20 at 2:43 pm to
How about I pay it cause I use turbotax and it doesn't take twenty minutes. It also does not effect my lifestyle one damn bit.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98555 posts
Posted on 9/29/20 at 2:44 pm to
They both have a shitty accountants.
Posted by Olric
New Orleans
Member since Jul 2015
1886 posts
Posted on 9/29/20 at 2:44 pm to
quote:

It's the current top rate. How is that virtue signaling?


As a CPA, I can tell you they would not be paying 31% if they didn't know they would be releasing their tax returns.

Posted by Auburn1968
NYC
Member since Mar 2019
19418 posts
Posted on 9/29/20 at 2:51 pm to
How do a couple of b-grade lawyers and long time "civil servants" make that much money?

They must get nice tips on influence peddling.
Posted by doubleb
Baton Rouge
Member since Aug 2006
35931 posts
Posted on 9/29/20 at 2:53 pm to
What did Biden pay from 2008-2016?????
Posted by TigerCruise
Virginia Beach, VA
Member since Oct 2013
11898 posts
Posted on 9/29/20 at 2:53 pm to
This was all obviously set up in advance.

They leaked this shite to the NYTs and had campaign shite ready to ship out and their tax returns ready to be released.

What a clown show
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13814 posts
Posted on 9/29/20 at 2:54 pm to
quote:

cause I use turbotax and it doesn't take twenty minutes. It also does not effect my lifestyle one damn bit.


People who make 500k plus aren’t using turbo tax
Posted by ultratiger89
Houston, Tx
Member since Aug 2007
3034 posts
Posted on 9/29/20 at 2:55 pm to
quote:

So neither of them have not a single freaking penny of deductions?
They don't make any charitable donations at all?


Taxable income is after deductions, not gross income.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24955 posts
Posted on 9/29/20 at 2:56 pm to
na
This post was edited on 9/29/20 at 2:58 pm
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24955 posts
Posted on 9/29/20 at 2:58 pm to
quote:

Taxable income is after deductions, not gross income.


That's right. forgot about that.
Posted by Smoke7024
Member since Jun 2010
22647 posts
Posted on 9/29/20 at 3:02 pm to
I question how public servants are making that much money in the first place.
Posted by Nguyener
Kame House
Member since Mar 2013
20603 posts
Posted on 9/29/20 at 3:03 pm to
quote:

I question how public servants are making that much money in the first place.


Special interest donations in the way of keynote speaker agreements, shell corp businesses which provide nothing but take in cash from special interest, etc....
Posted by Maytheporkbewithyou
Member since Aug 2016
12603 posts
Posted on 9/29/20 at 3:04 pm to
quote:

Kamala makes more money than him. Lolololol


But lunchbucket Joe hasn't even had a job in 4 years.
Posted by Clemsontigers02
Member since Sep 2020
743 posts
Posted on 9/29/20 at 3:05 pm to
Where is all of Kamala's money coming from?
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4826 posts
Posted on 9/29/20 at 3:05 pm to
quote:

quote:
he returns show that Biden and his wife, Jill, reported $944,737 in taxable income in 2019 and paid $299,346, or a 31% tax rate, in federal income taxes.
Biden's running mate, California Sen. Kamala Harris, and her husband, Doug Emhoff, also released their 2019 returns Tuesday. Harris and Emhoff reported paying $1.05 million in personal income taxes and $1.19 million in total federal taxes on $3.02 million in taxable income.


This tells me that Trump is smarter than all of them. Somehow he figured out how to pay just $750 in tax.

Now who do you want running the country?


Stop spreading this lie. He paid $1mil in 2016 and $3.2Mil in 2017. The $750 was ADDITIONAL taxes to the millions paid.
Posted by CaTiger85
Member since Feb 2020
1394 posts
Posted on 9/29/20 at 3:05 pm to
quote:

It's the current top rate. How is that virtue signaling? Lots of us pay it.


No it isn’t. The top marginal rate is 37% plus a 3.8% Obamacare tax, so 40.8%. Effective rate is different and it’s silly to pay 30% on 900k income.
Posted by BFIV
Virginia
Member since Apr 2012
7712 posts
Posted on 9/29/20 at 3:07 pm to
Now let's see how much total income was excluded due to tax avoidance law, such as their S Corp income.
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