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A look in the mirror is in order...attacking Romney's extremely legal tax returns for nothing more that political theater directly leads to Trumps refusal to release his taxes. Heal thyself physician.
Extremely stupid......First, it was Trump who hammered Romney for NOT releasing his tax returns fast enough.......Second, when you bullshit your way into the oval office by stating you're the "best businessman that ever walked the planet"....Then, it would make some sense to show your returns as some proof that indeed you're one hell of a businessman.......and show the rest of us poor mortals how we TOO can make millions AND avoid paying one penny to the treasury.....
Not paying taxes is easy. Either you donate the profits or you reinvest them. But, if you reinvest them those taxes are only suspended, not forgiven.
Mark
Who wrote the loopholes?????Trump's fault, no doubt
Sarcasm aside, NOT paying one's taxes because of loopholes DOES contribute to the deficit, don't you think???? (or do you think?)
Not paying taxes is easy. Either you donate the profits or you reinvest them. But, if you reinvest them those taxes are only suspended, not forgiven.
Mark
Mark...what do you think of Trump's tax policy outline? How about his trade policy? If you have time.
Who wrote the loopholes?????Trump's fault, no doubt
Sarcasm aside, NOT paying one's taxes because of loopholes DOES contribute to the deficit, don't you think???? (or do you think?)
Interesting timing, $10 trillion later and just as a new president is coming in.
I, like a great man Rand Paul, believe that the U.S debt is a national security threat. Let's hope Trump can decrease this debt while also improving jobs and broadening the tax base.
U.S. General Accounting Office sounds alarm on America's insolvency
An alarming report this month from the U.S. government accountability office to Congress says “action is needed to address the federal government’s fiscal failure.”
The 49 page report, entitled “The Nation’s Fiscal Health” says, among other things, that “Congress and the incoming administration face serious economic, security, and social challenges” and “an unsustainable long-term fiscal path caused by a structural imbalance between revenue and spending.”
The more alarmist aspects of the report highlight the continuing divergence between revenue and expenses, as well as the shortfalls in unfunded Social Security obligations.
It warns that without policy changes, the U.S. debt-to-GDP ratio will surpass its historical high of 106% within the next 25 years. The report stipulates that the new urgency implied in the document is a result of a more holistic picture of the nation’s finances that has emerged as a result of analyzing both the budget and the financial report of the United States government.
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Interesting timing, $10 trillion later and just as a new president is coming in.
I, like a great man Rand Paul, believe that the U.S debt is a national security threat. Let's hope Trump can decrease this debt while also improving jobs and broadening the tax base.
U.S. General Accounting Office sounds alarm on America's insolvency
An alarming report this month from the U.S. government accountability office to Congress says “action is needed to address the federal government’s fiscal failure.”
The 49 page report, entitled “The Nation’s Fiscal Health” says, among other things, that “Congress and the incoming administration face serious economic, security, and social challenges” and “an unsustainable long-term fiscal path caused by a structural imbalance between revenue and spending.”
The more alarmist aspects of the report highlight the continuing divergence between revenue and expenses, as well as the shortfalls in unfunded Social Security obligations.
It warns that without policy changes, the U.S. debt-to-GDP ratio will surpass its historical high of 106% within the next 25 years. The report stipulates that the new urgency implied in the document is a result of a more holistic picture of the nation’s finances that has emerged as a result of analyzing both the budget and the financial report of the United States government.
The debt service is less than 3% of GDP, so all the alarmist nonsense is mostly hot air. Shipping high productiivity enterprises and jobs overseas doesn't help, though, when running trade deficits of $400 billion plus every year for decades, as does tax breaks and subsidies for foreign 'investments' in labor racketeering scams and 'globalism' gibberish gutting the economy.
And Ron Paul is just another con artist, not a 'great man'; he never saw a set aside for his district he didn't like, and was one of the top four porksters in Congress for most of the years he was playing 'Libertoonian Hero' for the assorted airheads and loons running around, most of whom have apparently never filled out their own tax returns in their entire lives and are easily fooled by silly cognitively dissonant gibberish. There is of course some reason for concern, but not nearly as much as the ignorant think there is, and most of the deficit can be greatly reduced by doing away with tax breaks for Red China and those who import their junk, along with the tax breaks for 'overseas profits' and hedge funds' special tax rates.
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Its truly sad that folks don't know how the tax code works. There are no freebies, unless you give the money to charity. All taxes are owed, but they are simply deferred if you re-invest your money into the economy. Would you rather not have those deferments, so the rich would simply pay the tax and put their money in the bank?
These codes have been refined over many years to get the best deal for America and Americans.
Mark
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Its truly sad that folks don't know how the tax code works. There are no freebies, unless you give the money to charity. All taxes are owed, but they are simply deferred if you re-invest your money into the economy. Would you rather not have those deferments, so the rich would simply pay the tax and put their money in the bank?
These codes have been refined over many years to get the best deal for America and Americans.
Mark
Here are FIVE popular tax loopholes that, according to Mark, are the "best deal for America and Americans"
Accelerated Depreciation Deduction
Deferral of Overseas Income
Deductions for Shipping Jobs Overseas
Corporate Jet Deduction
NASCAR
The system is set up to spend money. Ron Paul, as a legislator, understands that if he doesn't apply for the pork, his district will be left out, while still paying taxes to support other districts.
The system sucks, but Paul had to play by the rules in force.
Mark
The system is set up to spend money. Ron Paul, as a legislator, understands that if he doesn't apply for the pork, his district will be left out, while still paying taxes to support other districts.
The system sucks, but Paul had to play by the rules in force.
Mark
No, actually he didn't, but I understand; living by one's espoused principles doesn't apply to Libertarians or 'conservatives', it's up to the 'little people' to suffer the vicissitudes and instability of 'free market principles'.
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Its truly sad that folks don't know how the tax code works. There are no freebies, unless you give the money to charity. All taxes are owed, but they are simply deferred if you re-invest your money into the economy. Would you rather not have those deferments, so the rich would simply pay the tax and put their money in the bank?
These codes have been refined over many years to get the best deal for America and Americans.
Mark
Here are FIVE popular tax loopholes that, according to Mark, are the "best deal for America and Americans"
Accelerated Depreciation Deduction
Deferral of Overseas Income
Deductions for Shipping Jobs Overseas
Corporate Jet Deduction
NASCAR
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Its truly sad that folks don't know how the tax code works. There are no freebies, unless you give the money to charity. All taxes are owed, but they are simply deferred if you re-invest your money into the economy. Would you rather not have those deferments, so the rich would simply pay the tax and put their money in the bank?
These codes have been refined over many years to get the best deal for America and Americans.
Mark
Here are FIVE popular tax loopholes that, according to Mark, are the "best deal for America and Americans"
Accelerated Depreciation Deduction
Deferral of Overseas Income
Deductions for Shipping Jobs Overseas
Corporate Jet Deduction
NASCAR
Those aren't loopholes. They are deductions
The system is set up to spend money. Ron Paul, as a legislator, understands that if he doesn't apply for the pork, his district will be left out, while still paying taxes to support other districts.
The system sucks, but Paul had to play by the rules in force.
Mark
No, actually he didn't, but I understand; living by one's espoused principles doesn't apply to Libertarians or 'conservatives', it's up to the 'little people' to suffer the vicissitudes and instability of 'free market principles'.
Actually, he did. Until a system changes, you are under an obligation as a legislator to represent your constituents. I was once in elected office, I hated the system, but it was what was in place at the time.
Mark
Changes in the tax code would, obviously, go directly AGAINST Trump's business interests....So, the "test" will be if this demagogue will actually propose such changes....Please DO hold your breath.
Its truly sad that folks don't know how the tax code works. There are no freebies, unless you give the money to charity. All taxes are owed, but they are simply deferred if you re-invest your money into the economy. Would you rather not have those deferments, so the rich would simply pay the tax and put their money in the bank?
These codes have been refined over many years to get the best deal for America and Americans.
Mark
Here are FIVE popular tax loopholes that, according to Mark, are the "best deal for America and Americans"
Accelerated Depreciation Deduction
Deferral of Overseas Income
Deductions for Shipping Jobs Overseas
Corporate Jet Deduction
NASCAR
I think you mean paying all the taxes one legally owes does not contribute to the deficit.
Obama has been president for 2,920 days PLUS two leap days...if these loopholes are such a terrible issue, why didn't he work with Congress to address it?
And do NOT say obstructionist Congress...because they've been raring to tackle tax reform.
Do YOU have any idea is Trump paid millions in taxes or paid ZERO in the last decade?
Do you know? I don't know and most likely you do not either because the guy REFUSES to show ANY of his tax returns.
Drain the swamp????? LOL