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Trickle down economics has never worked, but it does enrich the rich enormously.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.
Imbeciles is what they are.
Progs have had many opportunities at the Federal Level to get the rich to pay their " fair share". They did not. They could have shut loopholes down with the old tax code and did nothing. All of the rich Progs who complain about the rich not paying what they should, use the loopholes themselves. Progs do not give the general population a massive tax cut. Yet feign so much concern for them. You are the real party of corporatists.After all they do for us little people, they shouldn't have to pay any taxes at all.
Tax the billionaires big time. Or prevent them from buying government favors and protection. Or both.
Marxist democrat definition: Rich - someone who works full time and earns between $200,000 and $1,000,000 per year.
So a doctor earning $600K is rich, Matt Damon pulling in $70 million from a single movie is NOT rich. Mark Zuckerberg is NOT rich, but the small business owner down the street netting $400K a year IS.
The rich will be punished severely and stripped of their earnings by Xi's man Bai-Degn. People like Jeff Bezos who are NOT RICH have nothing to worry about from our PRC President.
Progs have had many opportunities at the Federal Level to get the rich to pay their " fair share". They did not. They could have shut loopholes down with the old tax code and did nothing. All of the rich Progs who complain about the rich not paying what they should, use the loopholes themselves. Progs do not give the general population a massive tax cut. Yet feign so much concern for them. You are the real party of corporatists.
Are you trying to say you are a corporate apologist?Corporate apologists, on the other hand..The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.
Net loss carryover for Trump isn't so much a tax shelter as it is an admission that Trump is really bad at business.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
Republican plans to tax the poor instead are even more futile and ignorant. Who's got the money?
However, Republicans just love Biden's plans to cut S.S. and Medicare..
They all suck. Say it!
www.kiplinger.com
From The Bureau Of Labor StatisticsNet loss carryover for Trump isn't so much a tax shelter as it is an admission that Trump is really bad at business.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
Successful businesses don't have net losses to carry over that cover their profits for a decade.
As I said: Successful businesses don't have net losses to carry over that cover their profits for a decade.From The Bureau Of Labor StatisticsNet loss carryover for Trump isn't so much a tax shelter as it is an admission that Trump is really bad at business.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
Successful businesses don't have net losses to carry over that cover their profits for a decade.
According to the U.S. Bureau of Labor Statistics (BLS), this isn't necessarily true. Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more.Feb 28, 2020
Especially dinosaurs like this oneRepublican plans to tax the poor instead are even more futile and ignorant. Who's got the money?
However, Republicans just love Biden's plans to cut S.S. and Medicare..
They all suck. Say it!
What did DJT promise us?Well, you've been suckered then which is a shame. He's every bit the slimeball Joe Biden is.I am a Conservative Republican. I like DJT.But Trump is fine, right?Let me be very clear. I think Joe Biden is a despicable slimeball. I don't like anything he does.Republican plans to tax the poor instead are even more futile and ignorant. Who's got the money?
However, Republicans just love Biden's plans to cut S.S. and Medicare..
They all suck. Say it!
It’s amazing the blindness of some Americans. In my life time I’ve witnessed an enormous concentration of wealth to the top. We all know income inequality is a major problem, and it continues to increasingly to get worse.Trickle down economics has never worked, but it does enrich the rich enormously.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.
Imbeciles is what they are.
I guess it depends. Trickle down does work to those of us who put ourselves into a position to catch the trickle. It doesn't work for those who spend their days swinging on the front porch hoping the trickle will come to them.
Yeah they should pay income tax even though they have little to no income. This while the ultra wealthy pay little income tax, because their wealth doesn’t come from income.Correct. We have millions of Americans below the poverty line, millions more on Food Stamps and millions on welfare who pay no income tax.Trickle down economics has never worked, but it does enrich the rich enormously.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.
Imbeciles is what they are.
Sure and those rich pay 60% of all Fed taxes payed while we have many in this country who pay no taxes at all.
As I said: Successful businesses don't have net losses to carry over that cover their profits for a decade.
Raise the minimum wage to raise more tax revenue.The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.
Tax cut was supposed to pay for itself.What did DJT promise us?Well, you've been suckered then which is a shame. He's every bit the slimeball Joe Biden is.I am a Conservative Republican. I like DJT.But Trump is fine, right?Let me be very clear. I think Joe Biden is a despicable slimeball. I don't like anything he does.Republican plans to tax the poor instead are even more futile and ignorant. Who's got the money?
However, Republicans just love Biden's plans to cut S.S. and Medicare..
They all suck. Say it!
A tax cut-he delivered
A border wall-he delivered
Out of the Iran deal-he did
Strong military-he did
Better trade deals-he did
Yeah they should pay income tax even though they have little to no income. This while the ultra wealthy pay little income tax, because their wealth doesn’t come from income.
Can’t fix stupid.
Why do right wingers complain about taxes when even the Poor have "tax shelters"?Correct. We have millions of Americans below the poverty line, millions more on Food Stamps and millions on welfare who pay no income tax.Trickle down economics has never worked, but it does enrich the rich enormously.The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.
Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.
If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.
These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.
Imbeciles is what they are.
Sure and those rich pay 60% of all Fed taxes payed while we have many in this country who pay no taxes at all.
Yet righties think he’s a fucking commie. LMFAO.Especially dinosaurs like this oneRepublican plans to tax the poor instead are even more futile and ignorant. Who's got the money?
However, Republicans just love Biden's plans to cut S.S. and Medicare..
They all suck. Say it!
"AS EARLY AS 1984 and as recently as 2018, former Vice President Joe Biden called for cuts to Social Security in the name of saving the program and balancing the federal budget.
"Last week, Sen. Bernie Sanders highlighted Biden’s record on Social Security in prosecuting the case that Biden isn’t the most electable candidate.
Fact Check: Joe Biden Has Advocated Cutting Social Security for 40 Years
