Recent Posts

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31
What is the precise definition of "income"?

I mostly agree with the federal government's definition as of today.  A salary or contract payment is final, barring lawsuits.  Until capital assets are sold, you can leverage them for spending money, but their value could disappear at any time.  And if unrealized gains are taxed, what would the government do in the middle of market crash?  The only reasonable method is a carryback loss, but then the treasury is short on revenues and cutting checks to billionaires at the same time.
32
:facepalm2:

Pure libshit.

In a 2021 study the  400 top billionaires n the US paid on average just slightly over 8% in taxes. Musk Bezos and Buffett paid around 3.4%

I find this criminal and you call me a liberal   So be it

Again let's see what the actual legislation details are.  I do not think the middle class will be hit with this 44% and as I said above it will only be for transactions over a million dollars or higher . The govt is desperately trying to to get middle class people to save more
34
Stealing?

Wasn't left abandoned and she found it?

NY Penal Law §155.05(2)(b) - Larceny by acquiring lost property.  https://ypdcrime.com/penal.law/article155.php#p155.05
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[img]/https://www.gopbriefingroom.com/Smileys/default/pulling-hair-out.gif[img]
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Oh, and before anybody says something stupid, that 160k wasn't laying around in gold bricks. It was money I couldn't hide, like inventory and under-depreciation schedules. It wasn't but a couple grand of it actually money. And coming up with that 15% corporate tax was just like pulling teeth, and took food off my table.
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What is the precise definition of "income"?

YES, Lets talk about that.

I had one year where I paid corporate tax on 160k -- A 15% surcharge - and only 20k came down to me and my wife and four kids... 20k I got to pay double withholdings on btw.

Most corporations are small businesses, and most small businesses are under fire. And have been my whole life long.
40
 Former Biden chief of staff says no ‘big’ strategy needed for Trump: He’s ‘busy taking himself down every day’
by Miranda Nazzaro - 04/28/24 3:19 PM ET

Former White House chief of staff Ron Klain on Sunday dismissed the need for President Biden to have a “big political strategy” against former President Trump, arguing the former president does enough harm to himself.

“I don’t think it’s a big political strategy to take down Donald Trump. I think Trump is busy taking himself down every day,” Klain said Sunday during an interview with MSNBC host and former White House press secretary Jen Psaki.

“And it’s important, though, for the president to make the contrast between the kind of presidency he’s brought and what he’ll do for four more years, and [what] Donald Trump has done, what Trump himself is saying he’s going to if he gets the chance to come back to the White House,” he added.

Klain’s remarks were in response to Psaki, who pointed to Biden’s speech at this weekend’s White House Correspondents’ Association dinner, where he poked fun at the former president.

When asked what he thinks of Biden’s strategy to “needle” Trump, Klain said, “I think it’s the party of it.”

“I think the president loves to campaign. He loves being out there with people. He loves working the rope live and engaging voters, and so he gets in a good mood when he’s out on the road, and so the jokes come,” Klain continued.

more
https://thehill.com/homenews/campaign/4627651-ex-biden-chief-of-staff-says-no-big-political-strategy-needed-for-trump-hes-busy-taking-himself-down-every-day/
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