Nostra
Diamond Member
- Oct 7, 2019
- 62,628
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Now what do I have to say? The same thing I said in the post you quoted............Post the part of the bill that confirms your claims.
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Uncovered: MASSIVE Tax give away in Stimulus Bill
- Thread starter The Banker
- Start date
Nostra
Diamond Member
- Oct 7, 2019
- 62,628
- 53,752
- 3,615
Define "fair share". Be specific. Give a number.SO wait you support a tax loop hole give away that lets millionaires and billionaires pay substantially less than their fair share in taxes? Why don't we just say that all billionaires pay 1% in taxes then???For one to claim any kind of a tax cut is a "tax giveaway", one must first believe all money belongs to the govt.
Idiot.
You are a pathetic partisan sheep. You don't care about America, you only care about the GOP and will never criticize anything they do. This is indefensible...
Just admit it, this is a terrible tax loop hole and give away to ultra wealthy people that don't need it in anyway... You can't do that... sheep.
And thanks for confirming you think all money belongs to the Federal govt.
You are going to send your check back? Right?I don't want to hear any idiot republicans crying about welfare or give aways when they gladly support this kind of non-sense.
Crepitus
Diamond Member
- Mar 28, 2018
- 72,660
- 62,546
- 3,615
Knew shit like this had to be in there somewhere.
Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.edition.cnn.com
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.www.nytimes.com.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Nostra
Diamond Member
- Oct 7, 2019
- 62,628
- 53,752
- 3,615
EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
first off, that is an unsigned bill
secondly, you are making claims based on sources proven to lie.
got anything else before i take away your free speech and put you on ignore?
Oh, just go ahead and put him on ignore. After all we cannot hear a dissenting voice, especially one telling you the truth. THE EMPEROR HAS NO CLOTHES.
EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
They pretty much tore up Moscow Mitch's Bill and started over, much to his chagrin, but they had to leave some sop in their for Republicans, and the wealthy. Moscow Mitch wouldn't bring to the floor of the Senate otherwise, and Trump wouldn't sign it.
Tom Paine 1949
Diamond Member
- Mar 15, 2020
- 5,407
- 4,503
- 1,938
Excellent OP, Mr. Banker!
I also heard about this and was considering an OP, but you beat me to it!
I’ve read some of your other comments and see you are an informed and active trader.
I am not an active market participant, more a run-of-the-mill retired working man and saver brought into the stock market casino by greed and artificially low interest savings rates in recent years. Luckily I strongly felt, even before this virus hit, that we were living through a debt-fueled “Everything Bubble” that was likely to collapse, and protected myself somewhat.
“Crony capitalism” distorts our system in many ways! Pity that our President epitomizes that mindset, even while he fooled his base with demagogic talk about “draining the swamp.”
We may disagree — I don’t know — but I also hold most mainstream Democrats in Congress responsible for much seemingly systemic corruption in our system, much of which the Clintons and Schumers of the party also supported, even before Covid-19. I fear the Great Financial Crisis bailouts and Fed actions of 2007-2009 are not only being repeated on a much larger scale, but that even after Covid-19 we will find ourselves right back where we started, just much poorer and still more under the control of a corrupt crony capitalist oligarchy...
I also heard about this and was considering an OP, but you beat me to it!
I’ve read some of your other comments and see you are an informed and active trader.
I am not an active market participant, more a run-of-the-mill retired working man and saver brought into the stock market casino by greed and artificially low interest savings rates in recent years. Luckily I strongly felt, even before this virus hit, that we were living through a debt-fueled “Everything Bubble” that was likely to collapse, and protected myself somewhat.
“Crony capitalism” distorts our system in many ways! Pity that our President epitomizes that mindset, even while he fooled his base with demagogic talk about “draining the swamp.”
We may disagree — I don’t know — but I also hold most mainstream Democrats in Congress responsible for much seemingly systemic corruption in our system, much of which the Clintons and Schumers of the party also supported, even before Covid-19. I fear the Great Financial Crisis bailouts and Fed actions of 2007-2009 are not only being repeated on a much larger scale, but that even after Covid-19 we will find ourselves right back where we started, just much poorer and still more under the control of a corrupt crony capitalist oligarchy...
Last edited:
Nostra
Diamond Member
- Oct 7, 2019
- 62,628
- 53,752
- 3,615
Link to the all the things they "tore up" in Mitch's Bill? Show me where they 'started over'.EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
They pretty much tore up Moscow Mitch's Bill and started over, much to his chagrin, but they had to leave some sop in their for Republicans, and the wealthy. Moscow Mitch wouldn't bring to the floor of the Senate otherwise, and Trump wouldn't sign it.
BrokeLoser
Diamond Member
Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
SO wait you support a tax loop hole give away that lets millionaires and billionaires pay substantially less than their fair share in taxes? Why don't we just say that all billionaires pay 1% in taxes then???For one to claim any kind of a tax cut is a "tax giveaway", one must first believe all money belongs to the govt.
Idiot.
You are a pathetic partisan sheep. You don't care about America, you only care about the GOP and will never criticize anything they do. This is indefensible...
Just admit it, this is a terrible tax loop hole and give away to ultra wealthy people that don't need it in anyway... You can't do that... sheep.
Pathetic!!!!!This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
So you support policy that gives a massive tax break to millionaires and billionaires, so they don't have to pay their fair share in taxes??? You Trump sheep are truly pathetic. You can't criticize anything the GOP does, even something as indefensible as this loop hole.
Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
www.bloomberg.com
colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
- 1,465
Why should people not have to pay taxes just because they’re wealthy?This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
BrokeLoser
Diamond Member
Excellent OP, Mr. Banker!
I also heard about this and was considering an OP, but you beat me to it!
I’ve read some of your other comments and see you are an informed and active trader.
I am not an active market participant, more a run-of-the-mill retired working man and saver brought into the stock market casino by greed and artificially low interest savings rates in recent years. Luckily I strongly felt, even before this virus hit, that we were living through a debt-fueled “Everything Bubble” that was likely to collapse, and protected myself somewhat.
“Crony capitalism” distorts our system in many ways! Pity that our President epitomizes that mindset, even while he fooled his base with demagogic talk about “draining the swamp.”
We may disagree — I don’t know — but I also hold most mainstream Democrats in Congress responsible for much seemingly systemic corruption in our system, much of which the Clintons and Schumer’s of the party also supported, even before Covid-19. I fear the Great Financial Crisis bailouts and Fed actions of 2007-2009 are not only being repeated on a much larger scale, but that even after Covid-19 we will find ourselves right back where we started, just much poorer and still more under the control of a corrupt crony capitalist oligarchy...
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, shameless, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
www.bloomberg.com
BrokeLoser
Diamond Member
Why should people not have to pay taxes just because they’re wealthy?This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, shameless, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
www.bloomberg.com
colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
- 1,465
[/QUOTE]Why should people not have to pay taxes just because they’re wealthy?This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, shameless, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
It would be a false assumption to believe that every wealthy person pays taxes. As we see above; they have nice ways of writing themselves loopholes to avoid doing so.
One of the many reasons Trump has been reluctant to release his taxes.
If I have to pay taxes, so should those wealthier than me.
- Jun 29, 2013
- 22,730
- 14,994
- 1,405
I don't want to hear any idiot republicans crying about welfare or give aways when they gladly support this kind of non-sense.
Nancy pelosi's husband is a major real estate tycoon could that be why Nancy never said anything about it? Remember it was Nancy Pelosi's house that passed this bill so shut the fuk up!
Last edited:
The Banker
Diamond Member
- Thread starter
- Banned
- #36
Ooooops! that's your excuse!!! When the democrats tried to stop these things in this bill you partisan hacks said "the democrats are killing the stimulus bill" now you blame them for not stopping this????EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
You are a sad pathetic little bitch. This is GOP disgrace on display. You can not man up and criticize anything the GOP does. You are just a GOP sheep bitch!
AHAHAHA!!!
BrokeLoser
Diamond Member
Why should people not have to pay taxes just because they’re wealthy?This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, shameless, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
It would be a false assumption to believe that every wealthy person pays taxes. As we see above; they have nice ways of writing themselves loopholes to avoid doing so.
One of the many reasons Trump has been reluctant to release his taxes.
If I have to pay taxes, so should those wealthier than me.
[/QUOTE]
Stop trying to be confused...I just provided you with a link that cites data from treasury.
Those evil rich whiteys pay your way....haha
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
www.bloomberg.com
BrokeLoser
Diamond Member
Ooooops! that's your excuse!!! When the democrats tried to stop these things in this bill you partisan hacks said "the democrats are killing the stimulus bill" now you blame them for not stopping this????EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
You are a sad pathetic little bitch. This is GOP disgrace on display. You can not man up and criticize anything the GOP does. You are just a GOP sheep bitch!
AHAHAHA!!!
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
www.bloomberg.com
colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
- 1,465
You’re link is aggregate data. It does not reflect the tax rate of every individual in that category.It would be a false assumption to believe that every wealthy person pays taxes. As we see above; they have nice ways of writing themselves loopholes to avoid doing so.Why should people not have to pay taxes just because they’re wealthy?This is estimated to cost the government $180 billion? Where does that money come from you fucking retard? From the people who "actually" work. So dumbasses like you who sit on your ass all day collecting welfare, bitching and moaning how fucked your life is, just cant come to grips that maybe some people would like to keep more of their earned income. Cry me a fucking river, you worthless liberal scum.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Meanwhile, outside of that fucked up twisted, miserable, pathetic place of LibTardia...
America’s most productive continue to pay the way for degenerate, shameless, begging bottom feeders also known as disgusting, fucked in the head LefTards.
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
One of the many reasons Trump has been reluctant to release his taxes.
If I have to pay taxes, so should those wealthier than me.
Stop trying to be confused...I just provided you with a link that cites data from treasury.
Those evil rich whiteys pay your way....haha
Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
Are you confused about what that means?
Nostra
Diamond Member
- Oct 7, 2019
- 62,628
- 53,752
- 3,615
I was responding to a poster blaming the Republicans for this bill. I figured I would throw in the FACT every Dimsocialist voted for it.Ooooops! that's your excuse!!! When the democrats tried to stop these things in this bill you partisan hacks said "the democrats are killing the stimulus bill" now you blame them for not stopping this????EVERY Dimsocialist voted for it.Knew shit like this had to be in there somewhere.Wealthy real estate developers like Trump score a huge tax break in the stimulus bill
The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)
A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.
Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.
BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!
Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!
BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!
This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...
Republicans are fundamentally dishonest. They can't help themselves.
Oops!
You are a sad pathetic little bitch. This is GOP disgrace on display. You can not man up and criticize anything the GOP does. You are just a GOP sheep bitch!
AHAHAHA!!!
Facts really put you on tilt, huh?
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