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I don't need to ask you to do that, I already see you're wrong. The loss of real estate tax deductions are for personal real estate, not for business real estate. You shouldn't discuss things you don't understand.
Your party refuses to stop them from coming and working here... It's an open invitation to come and work and have a great life in America. And we have to stop it and a wall and b******* is not going to do itI don't care if they're Muslims or Mexicans or what. If they are worthy they can stay. Now pass the dam SS ID card and end it.Actually Hispanics are over 75% of illegals. And the only way to stop illegals coming in is a SSID card that can't be faked, and Republicans have blocked forever, Dupe.You know hispanics only make up about 60% of illegals, right? The rest come from virtually every country in the world. Like I said there are no laws that specifically target hispanics, but feel free to continue your lies and I'll continue to laugh at you.
.
You prove over and over that you're just not very smart. Anything created by man can be replicated by other men. And laws against illegals are NOT aimed specifically at hispanics, they are aimed at all illegals. The first lame link you posted was about muslims and the second was a State case having nothing to do with the feds and it was long before Trump.
Now, would you like to get back on topic, it's about tax cuts.
.
As for taxes, it's ridiculous to cut taxes on the rich again. The non rich need tax cuts and help. You dupes are out of your mind.
They are not worthy, they are criminals. And everyone got a tax cut, not just the rich. Keep pushing the propaganda, it's quite entertaining.
.
Not sure what this has to do with our discussion. Like I said, I did not say what Trump did was illegal, just that he is a deadbeat. What does any of this have to do with whether or not I support bankruptcy law?Nice theory, but people still file personal returns with non-entities (Schedule Cs) and even in the case of business, people can and do personally guarantee loans.
For very small businesses, the lender will require that the mortgagor be personally responsible. When I was president of a fairly large corporation, I signed a note and mortgage for some land we were purchasing. In it was an exculpatory clause which means I had no personal responsibility for the loan and the bank could only look to the property in the event of a default on the mortgage.
Do you believe everyone should be barred from using bankruptcy to get out from under a mortgage or loans when the economy turns or it just turns out to be a bad venture?
Wonderful, but he's still a deadbeat.We know how Trump ran his businesses. Get a loan, roll the dice. If he wins, he keeps the money and boasts about what a great businessman he is. If he loses, he tells the creditor to go fuck himself. Rinse and repeat. Of course none of this would have been probable without some initial capital (see: daddy). A poor 9-5 manual laborer doesn't just go into a credit union to come out with a $1 million unsecured loan.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.That is a bald-faced lie, and you know it, or else you would not be arguing so hard to justify your lie!
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Business startups are risky, everyone involved are aware of that FACT. Every airline in the US has filed for bankruptcy at one time or another, some more than once. Trump wasn't the only one that invested in NJ and lost, a bunch of casinos were built and failed. The ones left standing are profitable.
A third of startups fail in the first 2 years, half in 5 years and two thirds in 10. Businesses that survive long term are the exception, not the rule.
.
It's right in the tax bill, you idiot.I don't need to ask you to do that, I already see you're wrong. The loss of real estate tax deductions are for personal real estate, not for business real estate. You shouldn't discuss things you don't understand.
no sir, you are the one that does not understand
it's been widely reported and acknowledged, even by news outlets that tend to lean left, that this tax bill increases the overall federal tax burden for many of the wealthiest landowners
the little guy gets a break
the super wealthy with expensive property that live off of passive income wind up paying more
sorry this upsets you...
SEC. 11042. LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. TAXES.
(a) In General.—Subsection (b) of section 164 is amended by adding at the end the following new paragraph:
“(B) the aggregate amount of taxes taken into account under paragraphs (1), (2), and (3) of subsection (a) and paragraph (5) of this subsection for any taxable year shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return).
(1) Personal property taxes
The term "personal property tax" means an ad valorem tax which is imposed on an annual basis in respect of personal property.
(2) State or local taxes
A State or local tax includes only a tax imposed by a State, a possession of the United States, or a political subdivision of any of the foregoing, or by the District of Columbia.
(3) Foreign taxes
A foreign tax includes only a tax imposed by the authority of a foreign country.
(5) General sales taxes
I try to stay on topic.Wonderful, but he's still a deadbeat.We know how Trump ran his businesses. Get a loan, roll the dice. If he wins, he keeps the money and boasts about what a great businessman he is. If he loses, he tells the creditor to go fuck himself. Rinse and repeat. Of course none of this would have been probable without some initial capital (see: daddy). A poor 9-5 manual laborer doesn't just go into a credit union to come out with a $1 million unsecured loan.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Business startups are risky, everyone involved are aware of that FACT. Every airline in the US has filed for bankruptcy at one time or another, some more than once. Trump wasn't the only one that invested in NJ and lost, a bunch of casinos were built and failed. The ones left standing are profitable.
A third of startups fail in the first 2 years, half in 5 years and two thirds in 10. Businesses that survive long term are the exception, not the rule.
.
Yeah, you tell that to the thousands of people that rely on him for their income. A wise man once said if you never fail, you're not trying. Funny how you never call other business failures deadbeats.
So run along hack, you have nothing to offer.
.
We know how Trump ran his businesses. Get a loan, roll the dice. If he wins, he keeps the money and boasts about what a great businessman he is. If he loses, he tells the creditor to go fuck himself. Rinse and repeat. Of course none of this would have been probable without some initial capital (see: daddy). A poor 9-5 manual laborer doesn't just go into a credit union to come out with a $1 million unsecured loan.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.I said Trump got rich via inheritance / getting money from his parents.
Your delusions, on the other hand, are your delusions and your delusions alone.
That is a bald-faced lie, and you know it, or else you would not be arguing so hard to justify your lie!
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Business startups are risky, everyone involved are aware of that FACT. Every airline in the US has filed for bankruptcy at one time or another, some more than once. Trump wasn't the only one that invested in NJ and lost, a bunch of casinos were built and failed. The ones left standing are profitable.
A third of startups fail in the first 2 years, half in 5 years and two thirds in 10. Businesses that survive long term are the exception, not the rule.
.
I just finished with ADMIRAL ROCKWELL TORY (see his posts in the last 5 hours), an illiterate moron who couldn't figure out what I said and thought I was lying.I've already addressed the people whining about how I'm lying and showed them to be full of shit.You clowns, hiding behind the legal framework of Trump's businesses, are really funny.You don't really think that's going to have a positive impact on BGROUSE do you? He has but one purpose.
You lying about people who inherit money is what is funny. You bigots are sick, jealous and hateful. You sure couldn’t put up but you are still lying. Lol! Dupe!
Prove it, because you claimed you did, yet all you did is deflect saying your lie wasn’t important. It is because you are basing your idea on a bigoted view point. So as you continue to lie, we will call you out on them.
Every other country has a progressive tax system, here we don't anymore. Federal income taxes are much smaller now and the only Progressive one.I just wish he wouldn't listen to Fox News all the time and believe it Alex Jones oh my God. Hopefully smarter than everybody but doesn't seem like it... Nobody could call him a great businessman really. But he knew his brand was great.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.I said Trump got rich via inheritance / getting money from his parents.
Your delusions, on the other hand, are your delusions and your delusions alone.
That is a bald-faced lie, and you know it, or else you would not be arguing so hard to justify your lie!
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Yeah, everyone pretends Trump is stupid with zero evidence of it. Yet during the tax negotiations he could site specific sections of the the bill unaided, which floored some congresscritters. He's doing what he thinks is best for the country and at this point he has done nothing that would change my opinion.
You can continue your class warfare chants, it just makes reasonable people think you're an idiot.
.
I try to stay on topic.Wonderful, but he's still a deadbeat.We know how Trump ran his businesses. Get a loan, roll the dice. If he wins, he keeps the money and boasts about what a great businessman he is. If he loses, he tells the creditor to go fuck himself. Rinse and repeat. Of course none of this would have been probable without some initial capital (see: daddy). A poor 9-5 manual laborer doesn't just go into a credit union to come out with a $1 million unsecured loan.Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Business startups are risky, everyone involved are aware of that FACT. Every airline in the US has filed for bankruptcy at one time or another, some more than once. Trump wasn't the only one that invested in NJ and lost, a bunch of casinos were built and failed. The ones left standing are profitable.
A third of startups fail in the first 2 years, half in 5 years and two thirds in 10. Businesses that survive long term are the exception, not the rule.
.
Yeah, you tell that to the thousands of people that rely on him for their income. A wise man once said if you never fail, you're not trying. Funny how you never call other business failures deadbeats.So run along hack, you have nothing to offer.
.
It's right in the tax bill, you idiot.I don't need to ask you to do that, I already see you're wrong. The loss of real estate tax deductions are for personal real estate, not for business real estate. You shouldn't discuss things you don't understand.
no sir, you are the one that does not understand
it's been widely reported and acknowledged, even by news outlets that tend to lean left, that this tax bill increases the overall federal tax burden for many of the wealthiest landowners
the little guy gets a break
the super wealthy with expensive property that live off of passive income wind up paying more
sorry this upsets you...
SEC. 11042. LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. TAXES.
(a) In General.—Subsection (b) of section 164 is amended by adding at the end the following new paragraph:
“(B) the aggregate amount of taxes taken into account under paragraphs (1), (2), and (3) of subsection (a) and paragraph (5) of this subsection for any taxable year shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return).
If you click on the link of section 164, it leads you to this:
As you can see, the only section being limited to $10,000 that has to do with property taxes is explicitly listed as PERSONAL property taxes and has nothing to do with land investors who do it as a business, especially through business entities.(1) Personal property taxes
The term "personal property tax" means an ad valorem tax which is imposed on an annual basis in respect of personal property.
(2) State or local taxes
A State or local tax includes only a tax imposed by a State, a possession of the United States, or a political subdivision of any of the foregoing, or by the District of Columbia.
(3) Foreign taxes
A foreign tax includes only a tax imposed by the authority of a foreign country.
(5) General sales taxes
state and local taxes are regressive. Our tax rates are a disgrace and are ruining everything but the rich.Every other country has a progressive tax system, here we don't anymore. Federal income tax much smaller now and the only Progressive one.I just wish he wouldn't listen to Fox News all the time and believe it Alex Jones oh my God. Hopefully smarter than everybody but doesn't seem like it... Nobody could call him a great businessman really. But he knew his brand was great.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.That is a bald-faced lie, and you know it, or else you would not be arguing so hard to justify your lie!
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Yeah, everyone pretends Trump is stupid with zero evidence of it. Yet during the tax negotiations he could site specific sections of the the bill unaided, which floored some congresscritters. He's doing what he thinks is best for the country and at this point he has done nothing that would change my opinion.
You can continue your class warfare chants, it just makes reasonable people think you're an idiot.
.
Someone asked me for proof some rich people are deadbeats, or something to that extent. I picked Trump as my example.I try to stay on topic.Wonderful, but he's still a deadbeat.We know how Trump ran his businesses. Get a loan, roll the dice. If he wins, he keeps the money and boasts about what a great businessman he is. If he loses, he tells the creditor to go fuck himself. Rinse and repeat. Of course none of this would have been probable without some initial capital (see: daddy). A poor 9-5 manual laborer doesn't just go into a credit union to come out with a $1 million unsecured loan.
Business startups are risky, everyone involved are aware of that FACT. Every airline in the US has filed for bankruptcy at one time or another, some more than once. Trump wasn't the only one that invested in NJ and lost, a bunch of casinos were built and failed. The ones left standing are profitable.
A third of startups fail in the first 2 years, half in 5 years and two thirds in 10. Businesses that survive long term are the exception, not the rule.
.
Yeah, you tell that to the thousands of people that rely on him for their income. A wise man once said if you never fail, you're not trying. Funny how you never call other business failures deadbeats.So run along hack, you have nothing to offer.
.
Trumps business failures have nothing to do with the topic and that pretty much all you've been harping about for a while now.
.
So they'll still be able to work under the table and that'll be fine that's... That is the system we have now. we need a SSID card that can't be faked.Your party refuses to stop them from coming and working here... It's an open invitation to come and work and have a great life in America. And we have to stop it and a wall and b******* is not going to do itI don't care if they're Muslims or Mexicans or what. If they are worthy they can stay. Now pass the dam SS ID card and end it.Actually Hispanics are over 75% of illegals. And the only way to stop illegals coming in is a SSID card that can't be faked, and Republicans have blocked forever, Dupe.
You prove over and over that you're just not very smart. Anything created by man can be replicated by other men. And laws against illegals are NOT aimed specifically at hispanics, they are aimed at all illegals. The first lame link you posted was about muslims and the second was a State case having nothing to do with the feds and it was long before Trump.
Now, would you like to get back on topic, it's about tax cuts.
.
As for taxes, it's ridiculous to cut taxes on the rich again. The non rich need tax cuts and help. You dupes are out of your mind.
They are not worthy, they are criminals. And everyone got a tax cut, not just the rich. Keep pushing the propaganda, it's quite entertaining.
.
The wall is just a small part of the over system, and enforced visa entry/exit system is also required. 40+% of illegals come in legally on visas and never leave. Then making e-verify mandatory together with the rest will take care of most of the problem. Of course the ones who came across the border and are working under the table will still be a problem, that's why we need to go after employers who hire them with serious consequences up to and including jail time. Then remove the remainder as we find them, problem solved and no one is rewarded for breaking the law.
.
Not sure what this has to do with our discussion. Like I said, I did not say what Trump did was illegal, just that he is a deadbeat. What does any of this have to do with whether or not I support bankruptcy law?Nice theory, but people still file personal returns with non-entities (Schedule Cs) and even in the case of business, people can and do personally guarantee loans.
For very small businesses, the lender will require that the mortgagor be personally responsible. When I was president of a fairly large corporation, I signed a note and mortgage for some land we were purchasing. In it was an exculpatory clause which means I had no personal responsibility for the loan and the bank could only look to the property in the event of a default on the mortgage.
Do you believe everyone should be barred from using bankruptcy to get out from under a mortgage or loans when the economy turns or it just turns out to be a bad venture?
By my rough calculations, a person making $10,000,000 a year in taxable income will save a little under $300,000 in tax under the new tax rules from the brackets. Sorry, I just don't see too many rich people losing out because of real estate taxes.It's right in the tax bill, you idiot.I don't need to ask you to do that, I already see you're wrong. The loss of real estate tax deductions are for personal real estate, not for business real estate. You shouldn't discuss things you don't understand.
no sir, you are the one that does not understand
it's been widely reported and acknowledged, even by news outlets that tend to lean left, that this tax bill increases the overall federal tax burden for many of the wealthiest landowners
the little guy gets a break
the super wealthy with expensive property that live off of passive income wind up paying more
sorry this upsets you...
SEC. 11042. LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. TAXES.
(a) In General.—Subsection (b) of section 164 is amended by adding at the end the following new paragraph:
“(B) the aggregate amount of taxes taken into account under paragraphs (1), (2), and (3) of subsection (a) and paragraph (5) of this subsection for any taxable year shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return).
If you click on the link of section 164, it leads you to this:
As you can see, the only section being limited to $10,000 that has to do with property taxes is explicitly listed as PERSONAL property taxes and has nothing to do with land investors who do it as a business, especially through business entities.(1) Personal property taxes
The term "personal property tax" means an ad valorem tax which is imposed on an annual basis in respect of personal property.
(2) State or local taxes
A State or local tax includes only a tax imposed by a State, a possession of the United States, or a political subdivision of any of the foregoing, or by the District of Columbia.
(3) Foreign taxes
A foreign tax includes only a tax imposed by the authority of a foreign country.
(5) General sales taxes
it also affects vacation (or second) homes; which you only have to use 14 days a year
eliminating state & local taxes as a deductions, especially property taxes increases the tax burden for the really wealthy, the loss of property tax deductions will raise their overall tax burden
calling me an idiot doesn't change this
yes, you are correct that it does not include investment properties; and I did get that part wrong
good catch, I have to give you that one
I fail to see how this makes me a hypocrite. Can you expand on that?Not sure what this has to do with our discussion. Like I said, I did not say what Trump did was illegal, just that he is a deadbeat. What does any of this have to do with whether or not I support bankruptcy law?Nice theory, but people still file personal returns with non-entities (Schedule Cs) and even in the case of business, people can and do personally guarantee loans.
For very small businesses, the lender will require that the mortgagor be personally responsible. When I was president of a fairly large corporation, I signed a note and mortgage for some land we were purchasing. In it was an exculpatory clause which means I had no personal responsibility for the loan and the bank could only look to the property in the event of a default on the mortgage.
Do you believe everyone should be barred from using bankruptcy to get out from under a mortgage or loans when the economy turns or it just turns out to be a bad venture?
Just proves you're a hypocrite spouting off only because President Donald Trump is immensely successful as a businessman and President and it galls you no end. You'd rather take a sharp stick in the eye and admit he is right and doing a great job.
They need cuts in state and local taxes. That could take time and more federal aid I guess...I think people in blue States aren't going to get tax cuts. And the rich are getting 4% tax cuts while the poor are getting two or 1% tax cuts. I hope he's a goddamn genius but I wouldn't hold your breath they're liars and thieves more likely...I don't care if they're Muslims or Mexicans or what. If they are worthy they can stay. Now pass the dam SS ID card and end it.Actually Hispanics are over 75% of illegals. And the only way to stop illegals coming in is a SSID card that can't be faked, and Republicans have blocked forever, Dupe.
You prove over and over that you're just not very smart. Anything created by man can be replicated by other men. And laws against illegals are NOT aimed specifically at hispanics, they are aimed at all illegals. The first lame link you posted was about muslims and the second was a State case having nothing to do with the feds and it was long before Trump.
Now, would you like to get back on topic, it's about tax cuts.
.
As for taxes, it's ridiculous to cut taxes on the rich again. The non rich need tax cuts and help. You dupes are out of your mind.
They are not worthy, they are criminals. And everyone got a tax cut, not just the rich. Keep pushing the propaganda, it's quite entertaining.
.
The poor don't pay income taxes how can they get cuts?
.
Every other country has a progressive tax system, here we don't anymore. Federal income taxes are much smaller now and the only Progressive one.I just wish he wouldn't listen to Fox News all the time and believe it Alex Jones oh my God. Hopefully smarter than everybody but doesn't seem like it... Nobody could call him a great businessman really. But he knew his brand was great.Quit pussyfooting and dodging, you cowardly turd! Put up or shut up.That is a bald-faced lie, and you know it, or else you would not be arguing so hard to justify your lie!
What's a lie?
Trump didn't inherit or otherwise receive any considerable amount of money from his parents? Is that what you're saying? This requires a "yes" or "no" answer.
Trump started his business long before his parents died. His father loaned him some seed money, he took it from there.
.
Yeah, everyone pretends Trump is stupid with zero evidence of it. Yet during the tax negotiations he could site specific sections of the the bill unaided, which floored some congresscritters. He's doing what he thinks is best for the country and at this point he has done nothing that would change my opinion.
You can continue your class warfare chants, it just makes reasonable people think you're an idiot.
.
You can see in the graph the poorest quintile pays 18% in all taxes state and local too.I think people in blue States aren't going to get tax cuts. And the rich are getting 4% tax cuts while the poor are getting two or 1% tax cuts. I hope he's a goddamn genius but I wouldn't hold your breath they're liars and thieves more likely...I don't care if they're Muslims or Mexicans or what. If they are worthy they can stay. Now pass the dam SS ID card and end it.Actually Hispanics are over 75% of illegals. And the only way to stop illegals coming in is a SSID card that can't be faked, and Republicans have blocked forever, Dupe.
You prove over and over that you're just not very smart. Anything created by man can be replicated by other men. And laws against illegals are NOT aimed specifically at hispanics, they are aimed at all illegals. The first lame link you posted was about muslims and the second was a State case having nothing to do with the feds and it was long before Trump.
Now, would you like to get back on topic, it's about tax cuts.
.
As for taxes, it's ridiculous to cut taxes on the rich again. The non rich need tax cuts and help. You dupes are out of your mind.
They are not worthy, they are criminals. And everyone got a tax cut, not just the rich. Keep pushing the propaganda, it's quite entertaining.
.
The poor don't pay income taxes how can they get cuts?
.
