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They could if you’re audited.
So you’re just assuming people lie?
Trump attempted to Delegate to the States to deflect blame
The trump response to COVID was horrendous and you want to blame Democrats.
Trump was supposed to be a leader, then when crisis hit, he did what trump has always done. Cast blame upon others
“No, I don’t take any responsibility at all” djt
I do. I’ve had to send them in twice in the last 10 years
mashable.com
I know people lie too. That’s why I want the IRS to have the manpower to go after the liars.I know people lie. but it's built into the system.
/-----/ "He caused inflation with his tax breaks, spending and stimulus checks (with his name on them)"1. He caused inflation with his tax breaks, spending and stimulus checks (with his name on them)
2. He started a trade war with China. I'm in manufacturing and one of our machines comes from China. It's why he only had 2.2% gdp in 2019. And he didn't win the trade war. Just disrupted the economy.
3. He has me on these boards every day with the stupid shit he says and does.
4. He has given power to the Nazi's of America. Proud Boys.
5. He tried to steal the electon. I voted for Biden.
I know people lie too. That’s why I want the IRS to have the manpower to go after the liars.
But for some reason, the law and order right is afraid to do so.
Probably because they know their constituency is afraid of it.
/-----/ That's gotta be the dumbest response all week here on USMB.Trump eliminated environmental protections causing untold medical problems for millions of people.
And the punishment for claiming 500 bucks is similarly as modest as doing 75 in a 65.Claiming 500 bucks on your return for charitable donations is like doing 75 in a 65.
It's not claiming $50k or doing 120 in a 65.
And the punishment for claiming 500 bucks is similarly as modest as doing 75 in a 65.
Still, the point here is that messing with the itemization protected the very wealthy and screwed over a lot of middle class Americans.
The stupid shit wealthy people get away with is astounding.
Many of the FOX commentators are frauds.These guys?
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www.independent.co.uk
A Newsmax host read a live disclaimer fact-checking Donald Trump after his rally in South Carolina on Friday 23 February.
“The [former] president mentioned in his speech the 2020 elections. Newsmax as a network believes the results were legal and final,” Carl Higbie said, after Mr Trump had finished speaking in Rock Hill.
Fox News also had to cut coverage of the rally to issue multiple fact-checks to his speech.
Anchor Neil Cavuto prefaced the list of corrections - for topics including the stock market, gas prices, and the 2020 election - by saying: “Even though he’s entitled to his opinion, he’s not entitled to his own set of facts.”
It made middle class people in blue states pay more because they couldn't claim SALT deductions. 30% of people itemized, that's a lot of middle class Americans. Since the standard deduction is going up but the mortgage limits and SALT cap aren't, it's eventually going to be impossible for basically anyone to itemize unless they're contributing loads of money to charity.You never get pulled over for doing 75 in a 65, that's the point.
Actually messing with itemization made the wealthy in blue States pay more, because they had limits to their SALT deductions, and their charity deductions. Your average middle class person was still under those limits.
It made middle class people in blue states pay more because they couldn't claim SALT deductions. 30% of people itemized, that's a lot of middle class Americans. Since the standard deduction is going up but the mortgage limits and SALT cap aren't, it's eventually going to be impossible for basically anyone to itemize unless they're contributing loads of money to charity.
They didn't touch the strategies that the actual rich use, which is the buy borrow die strategy or other real estate fuckery. Rich people never look like they have income because they never spend their own money. They live off of debt collateralized by their investments. Deductions of interest on margin loans is uncapped. It's all stupid and all legal. No one gives a damn.
My point here is that limiting itemization hurt a lot more average americans than it did wealthy americans.They could claim them, the claims were just limited.
My point here is that limiting itemization hurt a lot more average americans than it did wealthy americans.
My next point is that Trump did nothing to go after the shit that actual wealthy americans do to avoid taxes.
Which surprises no one because he's a liar.
The only ones that were stopped from itemizing were middle class Americans.No actually it made a lot more very wealthy blue Staters pay more to the feds, allowing the Standard deduction, which helps more middle class and lower class Americans pay less taxes.
The only ones that were stopped from itemizing were middle class Americans.
It seems pretty clear that you don't really understand how taxes work, which is typical for someone that just uses a 1040EZ
/----/ "It made middle class people in blue states pay more because they couldn't claim SALT deductions."It made middle class people in blue states pay more because they couldn't claim SALT deductions. 30% of people itemized, that's a lot of middle class Americans. Since the standard deduction is going up but the mortgage limits and SALT cap aren't, it's eventually going to be impossible for basically anyone to itemize unless they're contributing loads of money to charity.
They didn't touch the strategies that the actual rich use, which is the buy borrow die strategy or other real estate fuckery. Rich people never look like they have income because they never spend their own money. They live off of debt collateralized by their investments. Deductions of interest on margin loans is uncapped. It's all stupid and all legal. No one gives a damn.
