2 Million Households Now Owe $15 Billion in Back Rent

gipper said:
Wrong. You apparently are unaware that millions of Americans could be evicted from their homes.

No one said landlords are the wealthy, except you. This is wrong too. Many aren’t wealthy.

If you think I’m suggesting landlords assume the lose, you need to think again.
Click to expand...
They won't be evicted if they pay their rent. I responding to your post on this topic, where you wrote this: Our corrupt government spends trillions to enrich the rich, but can’t help the poor. As the OP indicated, we shouldn’t have socialism for the poor. They need capitalism, while the rich get socialism.

it would appear you are suggesting the landlords are "rich" and have "socialism" - and that the poor, who get things like SNAP, govt housing, etc don't get anything.

At this point the tenants have had over a year, plus numerous Govt "stimulus" checks to figure out how to pay their landlords, including, I don't know...maybe calling the landlord and figuring something out....why should landlords continue to have to bare the cost here and go in the hole? I am sure there are plenty of people out there willing to pay the rent.
 
Weatherman2020 said:
One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
justthenews.com

Nearly 2 million households owe $15 billion in back rent as eviction moratorium expires

The Supreme Court ruled that “clear and specific congressional authorization, via new legislation would be necessary” for another extension.
justthenews.com justthenews.com
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
Click to expand...
Why are you bitching about socialism? It's not socialism when renters are evicted and landlords have to refiance their mortgages to pay for the back taxes and repairs the uncollected rents didn't cover.

And that's what appears to be what's going to happen.
 
Toddsterpatriot said:
I'll bet you can't prove that.......
Click to expand...
Lol. When billionaires don’t pay any income tax or if they do it’s in the low single digits, that’s proof enough. Tell me you do know this to be true, because I’m not sure you know it.
 
gipper said:
When billionaires don’t pay any income tax or if they do it’s in the low single digits, that’s proof enough.
Click to expand...

If you have some examples of billionaires paying zero or low single digits, post them.
 
bendog said:
Why are you bitching about socialism? It's not socialism when renters are evicted and landlords have to refiance their mortgages to pay for the back taxes and repairs the uncollected rents didn't cover.

And that's what appears to be what's going to happen.
Click to expand...
Nobody was evicted, shitforbrains.
 
Toddsterpatriot said:
If you have some examples of billionaires paying zero or low single digits, post them.
Click to expand...
See? I suspected as much. I have posted this. Look it up. I believe you were posting on that thread.

Remember Propublica? This should have been everywhere in the corporate media but surprisingly it wasn’t. LOL. I guess this explains why you are clueless.

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax​

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.


The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
 
The company manages 40 properties.. only 5 have taken this route and two are legitimate. We have escaped the deadbeat faker horror stories by renting excellent condition properties to qualified parties only. We get 1-2 complaints every year about declining problem people but nothing Ever materializes.
There still are ways to not have to cater to the lowest denominator but there is a great libbie push to wipe that away.
 
gipper said:
See? I suspected as much. I have posted this. Look it up. I believe you were posting on that thread.

Remember Propublica? This should have been everywhere in the corporate media but surprisingly it wasn’t. LOL. I guess this explains why you are clueless.

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax​

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.


The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
Click to expand...

I guess this explains why you are clueless.

I'm still laughing at your idiocy.
If my stocks go up a million, I don't owe taxes on that until I sell them.
Adding a million (unrealized gains) to all my other income and then whining that I'm
paying too little just makes you an ignorant whiner.

The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.

True tax rate? LOL! No such thing. But it is funny to hear you whining about it.
 
Toddsterpatriot said:
I guess this explains why you are clueless.

I'm still laughing at your idiocy.
If my stocks go up a million, I don't owe taxes on that until I sell them.
Adding a million (unrealized gains) to all my other income and then whining that I'm
paying too little just makes you an ignorant whiner.

The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.

True tax rate? LOL! No such thing. But it is funny to hear you whining about it.
Click to expand...
Yeah that’s the typical con justification for billionaires paying no taxes. You don’t realize how dumb that is. The system is skewed for their benefit and you’re fine with it, while the poor and working class pay much higher rates. Makes sense to the dumb con.
 
No biggee, just announce like California that taxpayers will pay it all.
 
15th post
gipper said:
The system is skewed for their benefit and you’re fine with it, while the poor and working class pay much higher rates.
Click to expand...

The poor and working class pay much lower rates.
Some even pay negative rates.
 
gipper said:
See? I suspected as much. I have posted this. Look it up. I believe you were posting on that thread.

Remember Propublica? This should have been everywhere in the corporate media but surprisingly it wasn’t. LOL. I guess this explains why you are clueless.

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax​

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.


The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
Click to expand...
why doesn’t your article provide a link to these files?
 
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