2 Million Households Now Owe $15 Billion in Back Rent

[gipper]

If you have $0 income, you owe $0 taxes.
Even if your stock went up $40 billion.

Why don't you whine some more?

Dumb system, no?

 

[beautress]

It is not taxpayers responsibility to support everyone else................

The Demmies would beg to differ with that. lol

 

[beautress]

It appears that Marxism in America is still in its infancy

You didn't know Speaker of the house is a Marxist? *sigh*

 

[Toddsterpatriot]

Dumb system, no?

We have an income tax system. Unrealized gains are not income.

 

[harmonica]

Care4all credible links?

 

[WEATHER53]

People who don’t have money should Never talk about it

 

[Toddsterpatriot]

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.

Buffett paid 19%
Bezos paid 23%
Bloomberg paid 3%
Musk paid 30%.

 

[WEATHER53]

The wealthy pay more than their fair share and this is another enormous liberal fake wailing .

 

[Care4all]

Most of the career inert pinheads - aka civil servants - in government are not republicans

The leaders in their State government are..... They provide the leadership, the grunts do the he work...

 

[gipper]

View attachment 520581
Buffett paid 19%
Bezos paid 23%
Bloomberg paid 3%
Musk paid 30%.

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.

 

[gipper]

The wealthy pay more than their fair share and this is another enormous liberal fake wailing .

Yeah sure they do…LMFAO!

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.

 

[Toddsterpatriot]

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.

When you have zero taxable income, what rate should you pay?

 

[WEATHER53]

Yeah sure they do…LMFAO!

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.

All fake and core part of the liberal hate and punish the productive agenda

 

[theHawk]

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.

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

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.

The globalists want an economic depression. No better way to destroy the middle class, take away their homes and wealth, then everyone will be a bottom-feeder desperate for government hand-outs.

 

[Weatherman2020]

Yeah sure they do…LMFAO!

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.

Biden spent 5 decades passing the tax laws you’re whining about.

 

[gipper]

All fake and core part of the liberal hate and punish the productive agenda

Lol

Many Americans live paycheck to paycheck, amassing little wealth and paying the federal government a percentage of their income that rises if they earn more. In recent years, the median American household earned about $70,000 annually and paid 14% in federal taxes. The highest income tax rate, 37%, kicked in this year, for couples, on earnings above $628,300.

 

[gipper]

When you have zero taxable income, what rate should you pay?

A tax rate of 3.4%. Yippee!!!


America’s billionaires avail themselves of tax-avoidance strategies beyond the reach of ordinary people. Their wealth derives from the skyrocketing value of their assets, like stock and property. Those gains are not defined by U.S. laws as taxable income unless and until the billionaires sell.

To capture the financial reality of the richest Americans, ProPublica undertook an analysis that has never been done before. We compared how much in taxes the 25 richest Americans paid each year to how much Forbes estimated their wealth grew in that same time period.

We’re going to call this their true tax rate.

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%.

 

[B. Kidd]

Why did Copter kids think that they wouldn't have to pay rent one day?

 

[gipper]

Biden spent 5 decades passing the tax laws you’re whining about.

Lol. You think I’m a Old Joe supporter. You damn wingers are so silly. Stuck in the two party duopoly and can’t get out.


No one among the 25 wealthiest avoided as much tax as Buffett, the grandfatherly centibillionaire. That’s perhaps surprising, given his public stance as an advocate of higher taxes for the rich. According to Forbes, his riches rose $24.3 billion between 2014 and 2018. Over those years, the data shows, Buffett reported paying $23.7 million in taxes.

Warren Buffett
Berkshire Hathaway Inc.
2014-2018 Wealth Growth:
$24.3B
Total Income Reported:
$125M (0.51% of wealth)
Total Taxes Paid:
$23.7M (0.10% of wealth)
Note: Values in the graphic are rounded.
That works out to a true tax rate of 0.1%, or less than 10 cents for every $100 he added to his wealth.

 

[Weatherman2020]

Lol. You think I’m a Old Joe supporter. You damn wingers are so silly. Stuck in the two party duopoly and can’t get out.


No one among the 25 wealthiest avoided as much tax as Buffett, the grandfatherly centibillionaire. That’s perhaps surprising, given his public stance as an advocate of higher taxes for the rich. According to Forbes, his riches rose $24.3 billion between 2014 and 2018. Over those years, the data shows, Buffett reported paying $23.7 million in taxes.

Warren Buffett
Berkshire Hathaway Inc.
2014-2018 Wealth Growth:
$24.3B
Total Income Reported:
$125M (0.51% of wealth)
Total Taxes Paid:
$23.7M (0.10% of wealth)
Note: Values in the graphic are rounded.
That works out to a true tax rate of 0.1%, or less than 10 cents for every $100 he added to his wealth.

We all know you’re a Bernie Commie, and Bernie has also spent decades passing those tax laws you’re whining about.
I bet Bernie doesn’t pay more than 5% on his wealth.