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The same strain of idiot that once used crossties made of willow for railroad construction. The kind of idiot that will take "free" government money while the taking is good!

Not to worry... I'm sure that they're insured.  :whistle: *****rollingeyes*****
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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.

When you become wealthy enough you can structure your finances in such a way that you have very little to no "Income". A poster here advises such people for his living. His clients live like kings while paying almost nothing for all the services the government provides them.
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Who is the idiot that didn't foresee that coming?

The same strain of idiot that once used crossties made of willow for railroad construction. The kind of idiot that will take "free" government money while the taking is good!
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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.
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: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
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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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