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Holy shit. You just disproved your own claim.
Unless you think all mortgages reset in the same month.
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individuals dont pay taxs on profit,,
Yes, all the fake news. Like I said.I read all the news, including Der Spiegel, Al Jazeera, the Guardian, etc.
WTF!!!
when has a worker ever had to use their home as collateral to have a job??
where do you come up with this shit??But that is the point, that they are supposed to ONLY be paying taxes on profits, not total salary or income.
thats not a worker thats an owner operator,,Anyone who is self employed, like an independent contractor.
As a form of government, democracy sucks.https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf
"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.
"Capitalism is not democratic, democracy not capitalist.
"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.
"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.
This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.
The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
where do you come up with this shit??
ry reading the tax code sometime,,
Banks risk nothing because the fed will bail them out and insures their loans.
And when the fed does bail out the bank, it does not bail out the borrower.
thats not a worker thats an owner operator,,
its official.. youve lost your fucking mind
so youre lying,, got it,,I almost always do my own taxes, and I also have my own LLC.
I almost know as much as accountants do about taxes.
It illustrates that since the personal exemption is too low,
would you please stop lying,,Taxes are supposed to be the same rules for everyone, whether employer or employee.
If something is not taxable profit to one, it should not be taxable profit to the other.
Banks repaid all their loans from the Fed and the Treasury.
TARP spent tens of billions bailing out borrowers.
Cool claim.
You still haven't proven "that the poor are paying much higher rates".
that we are actually paying a much higher rate than we realize.
So, you won't be posting any proof? LOL!
Wrong.
Your graph shows the LIBOR spike as well, and once some rates increased unrealistically high, then the defaults cascaded, causing a recession that put the mortgages that were not being recalculated into default as well, because their jobs disappeared.
Eventually some home buyers defaulted on their mortgage simply because they could buy other properties that had already defaulted, for much less than they were paying.
individuals dont make profits,, they make a paycheck,,I already did.
I pointed out that an individual who made no profit, (meaning their cost of doing business was greater than what they took in as salary ), is still forced to pay taxes.
would you please stop lying,,
how about you be specific about what tax is being paid??
Wrong.
The banks sold all their subprime mortgages to Fannie Mae and Freddie Mae, and never paid those losses back.
TARP did bail out borrowers, but only the very wealthy ones.
The small ones, like individual home buyers, got nothing.
employers have always been able to deduct costs of doing business that include rent transportation ect...We have always been only talking about federal income tax regulations.
And it is supposed to be illegal for an employer to be able to claim rent, food, transportation, etc. , as a deductible expense, when individuals can not.
The rules are supposed to be imposed identically for everyone.
