So, it's nine days until the benchmark "1st hundred days" for trump

[Orangecat]

Ok, so why don't you tell us the truth?

Because you're incapable of handling it without crying like a bitch?

 

[Crepitus]

Because you're incapable of handling it without crying like a bitch?

I tell ya what, kid: If I ever need the opinion on a fat, autistic, glory-hole worker I'll ping you.

Until then do us all a favor and STFU for once in your useless life.

 

[Orangecat]

I tell ya what, kid: If I ever need the opinion on a fat, autistic, glory-hole worker I'll ping you.

Until then do us all a favor and STFU for once in your useless life.

Why are you so miserable? Trump?

 

[Nuthin' Fancy]

/---/ EVERYONE WHO PAYS TAXES GETS A CUT.

BS.

The Secret IRS Files: Trove of Never-Before-Seen Records ...​

ProPublica
https://www.propublica.org › article › the-secret-irs-file...
Jun 8, 2021 — ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in 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.

 

[Nuthin' Fancy]

40 percent of Americans amount to freeloaders. They pay no federal income taxes. 10 percent of the public actually pays 90 percent of all Federal Taxes. Start paying your fair share as democrats love to say.

Before Reagan started the tax cut scam everyone paid their fair share, and there were still millionaires and billionaires.

U.S. TURNS INTO DEBTOR NATION​

The New York Times
https://www.nytimes.com › 1985/09/17 › business › us-...
Sep 17, 1985 — The United States has become a debtor nation for the first time since World War I, owing foreigners more than they owe it, a Commerce Department report
report indicated today.

The Commerce Department report on the country's international accounts also disclosed the largest quarterly deficit in the nation's merchandise trade on record, for the period from April through June, and the second-worst quarterly deficit ever in the broader measure of international transactions known as the current account, which includes trade.


Republicans made the tax cut rules, then whine when the little guy doesn't pay.
Accusing THEM of being the freeloaders who are ruining our economy

 

[Cellblock2429]

BS.

The Secret IRS Files: Trove of Never-Before-Seen Records ...​

View attachment 1104122
ProPublica
https://www.propublica.org › article › the-secret-irs-file...
Jun 8, 2021 — ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in 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.

/----/ Well, how much income did they make in those years? Zero income = zero income tax.

So how much did they pay in property tax, sales tax, and other local taxes? I bet more than you'll earn in ten lifetimes.

Do the Rich Pay Their Fair Share of Taxes? - Tax Foundation​

The report found that U.S. businesses either pay or remit more than 93 percent of all the taxes collected by governments in the U.S. As Figure 6 shows, this includes taxes paid directly by businesses, such as corporate income taxes, property taxes, and excises taxes, as well as the taxes businesses

 

[Nuthin' Fancy]

/----/ Well, how much income did they make in those years? Zero income = zero income tax.

BS.

Ten Ways Billionaires Avoid Taxes on an Epic Scale​

ProPublica
https://www.propublica.org › article › billionaires-tax-a...
Jun 24, 2022 — The $1 Billion Parlor Trick: Turning High-Tax-Rate Trading into Low-Tax-Rate Income. Even when tech billionaires do show income on their tax return, they tend to pay relatively low income tax rates. That’s because of the type of income they have: Gains from long-term investments, such as from stock sales, are taxed at a lower rate.

Our first story unraveled how billionaires like Elon Musk, Warren Buffett and Jeff Bezos were able to amass some of the largest fortunes in history while paying remarkably little tax relative to their immense wealth. They did it in part by avoiding selling off their vast holdings of stock. The U.S. system taxes income. Selling stock generates income, so they avoid income as the system defines it. Meanwhile, billionaires can tap into their wealth by borrowing against it. And borrowing isn’t taxable. (Buffett said he followed the law and preferred that his wealth go to charity; the others didn’t comment beyond a “?” from Musk.)

So how much did they pay in property tax, sales tax, and other local taxes? I bet more than you'll earn in ten lifetimes.

x breaks are putting a drain ...​

Phonograph-Herald
https://www.phonographherald.com › opinion › state-au...
2 days ago — When it comes to the whys and hows of state tax policy ... State auditor says corporate tax breaks are putting a drain on state budgets.

Texas Throws Good Money After Bad With New Tax Breaks ...​

Capital & Main
https://capitalandmain.com › LATEST NEWS
Aug 25, 2023 — The state's largest fossil fuel companies won a new loophole big enough for a liquified natural gas plant.

Subaru, Holtec, Sixers won't pay full property taxes for 20 ...​

WHYY
https://whyy.org › articles › camden-rising-as-deficit-gr...
Jul 29, 2019 — The answer is that in addition to the $1.6 billion in state tax breaks awarded to those companies, Camden also extended them local tax ..

Do the Rich Pay Their Fair Share of Taxes? - Tax Foundation​

The report found that U.S. businesses either pay or remit more than 93 percent of all the taxes collected by governments in the U.S. As Figure 6 shows, this includes taxes paid directly by businesses, such as corporate income taxes, property taxes, and excises taxes, as well as the taxes businesses

 

[Cellblock2429]

BS.

Ten Ways Billionaires Avoid Taxes on an Epic Scale​

View attachment 1104148
ProPublica
https://www.propublica.org › article › billionaires-tax-a...
Jun 24, 2022 — The $1 Billion Parlor Trick: Turning High-Tax-Rate Trading into Low-Tax-Rate Income. Even when tech billionaires do show income on their tax return, they tend to pay relatively low income tax rates. That’s because of the type of income they have: Gains from long-term investments, such as from stock sales, are taxed at a lower rate.

Our first story unraveled how billionaires like Elon Musk, Warren Buffett and Jeff Bezos were able to amass some of the largest fortunes in history while paying remarkably little tax relative to their immense wealth. They did it in part by avoiding selling off their vast holdings of stock. The U.S. system taxes income. Selling stock generates income, so they avoid income as the system defines it. Meanwhile, billionaires can tap into their wealth by borrowing against it. And borrowing isn’t taxable. (Buffett said he followed the law and preferred that his wealth go to charity; the others didn’t comment beyond a “?” from Musk.)

x breaks are putting a drain ...​

View attachment 1104152
Phonograph-Herald
https://www.phonographherald.com › opinion › state-au...
2 days ago — When it comes to the whys and hows of state tax policy ... State auditor says corporate tax breaks are putting a drain on state budgets.

Texas Throws Good Money After Bad With New Tax Breaks ...​

View attachment 1104154
Capital & Main
https://capitalandmain.com › LATEST NEWS
Aug 25, 2023 — The state's largest fossil fuel companies won a new loophole big enough for a liquified natural gas plant.

Subaru, Holtec, Sixers won't pay full property taxes for 20 ...​

View attachment 1104155
WHYY
https://whyy.org › articles › camden-rising-as-deficit-gr...
Jul 29, 2019 — The answer is that in addition to the $1.6 billion in state tax breaks awarded to those companies, Camden also extended them local tax ..

/---/ I pay long-term capital gains whenever I can. I'm not a billionaire.
Do you purposely pay short-term gains?

 

[Nuthin' Fancy]

/---/ I pay long-term capital gains whenever I can. I'm not a billionaire.
Do you purposely pay short-term gains?

I don't own stocks, except my 401k.
I don't get taxed.

 

[Cellblock2429]

I don't own stocks, except my 401k.
I don't get taxed.

/---/ You will get taxed as ordinary income when you're forced to take the RMD.

Taxable Nature: RMDs from tax-deferred accounts are taxed as ordinary income at the federal level. There’s no special “RMD tax rate” or lower capital gains rate here – it’s just like receiving extra salary for the year. For example, if your RMD is $10,000, that $10,000 gets added on top of your other income (like Social Security or pension) and will be taxed according to your income tax bracket for that year. Because of this, RMDs can sometimes push you into a higher tax bracket or increase the portion of your Social Security benefits that become taxable.

 

[Nuthin' Fancy]

/---/ You will get taxed as ordinary income when you're forced to take the RMD.

Taxable Nature: RMDs from tax-deferred accounts are taxed as ordinary income at the federal level. There’s no special “RMD tax rate” or lower capital gains rate here – it’s just like receiving extra salary for the year. For example, if your RMD is $10,000, that $10,000 gets added on top of your other income (like Social Security or pension) and will be taxed according to your income tax bracket for that year. Because of this, RMDs can sometimes push you into a higher tax bracket or increase the portion of your Social Security benefits that become taxable.

Your right.

I took some $$$ about 6 years ago, they didn't tax me the additional 10% penalty but the IRS did add to my income.

 

[Robert W]

Before Reagan started the tax cut scam everyone paid their fair share, and there were still millionaires and billionaires.

U.S. TURNS INTO DEBTOR NATION​

View attachment 1104123
The New York Times
https://www.nytimes.com › 1985/09/17 › business › us-...
Sep 17, 1985 — The United States has become a debtor nation for the first time since World War I, owing foreigners more than they owe it, a Commerce Department report
report indicated today.
The Commerce Department report on the country's international accounts also disclosed the largest quarterly deficit in the nation's merchandise trade on record, for the period from April through June, and the second-worst quarterly deficit ever in the broader measure of international transactions known as the current account, which includes trade.
Republicans made the tax cut rules, then whine when the little guy doesn't pay.
Accusing THEM of being the freeloaders who are ruining our economy

Did President Kennedy cut taxes?


In January 1963, Kennedy presented Congress with a tax proposal that would reduce the top marginal tax rate from 91 percent to 65 percent, and lower the corporate tax rate from 52 percent to 47 percent; in total, the cut was projected to decrease income taxes by about $10 billion and corporate taxes by about $3.5

Reagan took the cue of Kennedy.

I don't whine that the little guy pays taxes because he does not pay Federal Taxes anyway.

 

[C_Clayton_Jones]

Number 1. Mass firings GGOOOOD. Way too many govt employees living high doing nothing much, ......dude you didn't get past one and your lies are obvious. Who wants bloated govt

Wrong.

Mass firings are reckless, irresponsible, wrong-headed, unwarranted, and harmful to the nation as a whole.

 

[Robert W]

Wrong.

Mass firings are reckless, irresponsible, wrong-headed, unwarranted, and harmful to the nation as a whole.

Was it fine when Clinton and Obama laid off government workers?

 

[Nuthin' Fancy]

Did President Kennedy cut taxes?


In January 1963, Kennedy presented Congress with a tax proposal that would reduce the top marginal tax rate from 91 percent to 65 percent, and lower the corporate tax rate from 52 percent to 47 percent; in total, the cut was projected to decrease income taxes by about $10 billion and corporate taxes by about $3.5

Reagan took the cue of Kennedy.

Kennedy didn't turn the US from a creditor nation into a debtor nation, nor did he set a precedent of tax cuts for 45 years.

I don't whine that the little guy pays taxes because he does not pay Federal Taxes anyway.

 

[Robert W]

Kennedy didn't turn the US from a creditor nation into a debtor nation, nor did he set a precedent of tax cuts for 45 years.

Who creates the Budgets of the USA and why do you claim it was Reagan?

 

[Nuthin' Fancy]

Who creates the Budgets of the USA and why do you claim it was Reagan?

Of course.............Blame someone else.
Who signed the budget?

Who is cutting everything right and left?
Trump will sign that budget.

 

[Cellblock2429]

Of course.............Blame someone else.
Who signed the budget?

Who is cutting everything right and left?
Trump will sign that budget.

/---/ OK - the president vetoes a bloated budget - then what happens?

 

[Robert W]

Of course.............Blame someone else.
Who signed the budget?

Who created those budgets?

 

[Cellblock2429]

Who created those budgets?

'/---/ Nuthin' Fanccy won't answer my follow-up question.
OK - the president vetoes a bloated budget - then what happens?