Thank you, Donald Trump

[Mac1958]

Criminal Tax fraud isn't the problem.

Legal tax avoidance is.

Correct. Just as with our political "system" (ha), we have to minimize the opportunity for destructive bullshit.

Unfortunately, those who are the most politically active have other priorities.

 

[SweetSue92]

I've looked at this as a sociological issue from Day One. I just don't know if we've learned anything.

You surely haven't.

 

[pknopp]

Did he raise federal taxes on the poor and middle class??

Selling $600 or more on peer-to-peer apps? Expect a 1099-K - NerdWallet

Did he raise taxes on the rich like he promised?

Not to mention making filing returns more complicated for many who isn't due to pay a penny on taxes on any of the money.

The 1099-K form will report your total income in gross reportable transactions and doesn’t adjust for credits, fees, refunds or discounts. You’ll have to clarify those differences for the IRS.

 

[The Duke]

Did he raise federal taxes on the poor and middle class??

Yes.

 

[struth]

Trump tax returns raise alarms about fairness of US tax code

A preliminary review of the thousands of pages of Donald Trump’s tax returns released by a key congressional committee on Friday confirms that the former president was using business losses in the …

thehill.com

In his own grotesque, perverse way, Donald Trump has put a mirror up to America's face and taught us three critical lessons:


1. We need to examine how a society can become so sick that it would put someone like him in its ultimate position of authority -- the true TDS.

2. His taxes have driven home the fact that our tax system has holes so big that you can drive a semitruck through them, and must be fixed immediately.

3. We have to fix a political system in which empty, soulless people in media and politics are incentivized and rewarded for enabling a person like this.


As I always say, this has never been about Donald Trump. It's about us. Will this be an educational experience for us? Doubtful, but we can certainly hope.
.

there is nothing he did with his taxes that wasn’t perfectly legal and available to all americans

 

[pknopp]

there is nothing he did with his taxes that wasn’t perfectly legal and available to all americans

That's what his businesses claimed until it was shown that wasn't the case.

 

[candycorn]

Selling $600 or more on peer-to-peer apps? Expect a 1099-K - NerdWallet

Did he raise taxes on the rich like he promised?

Not to mention making filing returns more complicated for many who isn't due to pay a penny on taxes on any of the money.

The 1099-K form will report your total income in gross reportable transactions and doesn’t adjust for credits, fees, refunds or discounts. You’ll have to clarify those differences for the IRS.

That has always been the case--getting a 1099 if you made more than $600. The only thing new is the methods of getting paid--electronic payments.

 

[struth]

That's what his businesses claimed until it was shown that wasn't the case.

this is his personal tax returns the writer is discussing and the federal govt has said there is nothing wrong with his business taxes

when will xiden release his corp tax returns?

 

[pknopp]

That has always been the case--getting a 1099 if you made more than $600. The only thing new is the methods of getting paid--electronic payments.

It was 20K. It's also as I noted, making tax filing more complicated for the poor and middle class.

 

[pknopp]

this is his personal tax returns the writer is discussing and the federal govt has said there is nothing wrong with his business taxes

when will xiden release his corp tax returns?

The government did say there was nothing wrong until someone actually decided to look at them.

 

[sparky]

https://media.bobrivers.com/media/twisted-tunes/King_Trump_(parody_of_Steve_Martins_King_Tut_)_by_Bob_Rivers.mp4

~S~

 

[1srelluc]

Its news to you that the tax system is screwed up?

Where have you been?

Since you cant find anything illegal in trump’s taxes you are reduced to wagging a moral finger of outrage at him for not paying more tax than he had to

Boom!

That there is called a headshot to a dem shill.

 

[JoeB131]

Vichy Mac, whining about a problem he helped create.

In his own grotesque, perverse way, Donald Trump has put a mirror up to America's face and taught us three critical lessons:


1. We need to examine how a society can become so sick that it would put someone like him in its ultimate position of authority -- the true TDS.

That's an easy one. Too many self-righteous assholes voted for third parties in 2016, and too many people like you enabled the bigots by whining about Political Correctness.

2. His taxes have driven home the fact that our tax system has holes so big that you can drive a semitruck through them, and must be fixed immediately.

Probably, but they won't be.

3. We have to fix a political system in which empty, soulless people in media and politics are incentivized and rewarded for enabling a person like this.

Look in the mirror. You spent every day since 2012 whining about political correctness and your lost white privilege, and then you are surprised a guy like Trump shows up?

As I always say, this has never been about Donald Trump. It's about us. Will this be an educational experience for us? Doubtful, but we can certainly hope.

No, it's really about Donald Trump, a celebrity candidate in a period where we equate celebrity with merit. He came in promising to burn the political structure to the ground and he did it. We can thank people like you who did nothing but whine about public servants doing their jobs.

 

[SeaMajor7]

Poor poor Mac and the rest of the demented avenger subverted demoralized zombies are all upset that the ridiculous release of Trump’s taxes has resulted in NOTHING that they hoped for, so poor poor Mac has to stir up some TDS NONSENSE to make himself feel better.
What a PATHETIC existence that is!!!

 

[candycorn]

It was 20K. It's also as I noted, making tax filing more complicated for the poor and middle class.

No. It was and has been $600 since at least 2008 when I had to pay taxes on a few thousand dollars I earned doing a side business.

This from 2005...

https://www.ftb.ca.gov/tax-pros/law/technical-advice-memorandums/2005-0003.pdf

The only difference now is that the IRS is reminding people that the gig economy doesn't get a pass on the tax.

 

[pknopp]

No. It was and has been $600 since at least 2008 when I had to pay taxes on a few thousand dollars I earned doing a side business.

This from 2005...

https://www.ftb.ca.gov/tax-pros/law/technical-advice-memorandums/2005-0003.pdf

View attachment 744680

The only difference now is that the IRS is reminding people that the gig economy doesn't get a pass on the tax.

The previous requirement for these payments was 20K.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.

While the $600 has been delayed (and hopefully done away with) the IRS notes the old rules are still in effect, noted above.

 

[easyt65]

Trump tax returns raise alarms about fairness of US tax code

A preliminary review of the thousands of pages of Donald Trump’s tax returns released by a key congressional committee on Friday confirms that the former president was using business losses in the …

thehill.com

In his own grotesque, perverse way, Donald Trump has put a mirror up to America's face and taught us three critical lessons:


1. We need to examine how a society can become so sick that it would put someone like him in its ultimate position of authority -- the true TDS.

2. His taxes have driven home the fact that our tax system has holes so big that you can drive a semitruck through them, and must be fixed immediately.

3. We have to fix a political system in which empty, soulless people in media and politics are incentivized and rewarded for enabling a person like this.


As I always say, this has never been about Donald Trump. It's about us. Will this be an educational experience for us? Doubtful, but we can certainly hope.
.

SSDD

....yet ANOTHER 'I Hate Donald Trump' thread from one of the Board's premier TDS-suffering, Trump-obsessed snowflakes who can't make it through a day without creating a thread to rant about how he hates Donald Trump.

News Flash, skippy - Donald Trump isn't the reason 5 Million+ illegals have entered the US in the last 2 years, why we have a completely open border, why we have a flood of drugs, thieves, sexual predators, pedophiles, rapists, murderers, and terrorists into the US...why local and state governments are being overwhelmed physically and financially trying to fund / care for Biden's illegal invasion.

The economy, energy problems, food shortages, supply chain crisis, etc is crippling America right now, and they aten't Trump's fault...while Joe 'The Buck Stops Here' Buden blames everyone else and his press secretary sets new records daily for the lies she tells.


If ranting, though, helps distract you from how Biden and Democrats have f*ed up this country so badly in just 2 years and full recovery will take decades (if ever), knock yourself our.

 

[22lcidw]

Selling $600 or more on peer-to-peer apps? Expect a 1099-K - NerdWallet

Did he raise taxes on the rich like he promised?

Not to mention making filing returns more complicated for many who isn't due to pay a penny on taxes on any of the money.

The 1099-K form will report your total income in gross reportable transactions and doesn’t adjust for credits, fees, refunds or discounts. You’ll have to clarify those differences for the IRS.

In league with the private banks. Know your customer...we are all drug dealers and worse. Joe is making sure that some poor working-class schmuck does not get a couple of hundred dollars more.

 

[candycorn]

The previous requirement for these payments was 20K.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.

While the $600 has been delayed (and hopefully done away with) the IRS notes the old rules are still in effect, noted above.

Not the case...

Again, from 2005:

https://www.irs.gov/pub/irs-prior/i1099msc--2005.pdf

Now there is probably some question about how aggressive the IRS was about going after a $601 payment for temporary or intermittent work. But the $600 threshold is codified in the IRS statement linked.

 

[pknopp]

Not the case...

Again, from 2005:

https://www.irs.gov/pub/irs-prior/i1099msc--2005.pdf

View attachment 744683

Now there is probably some question about how aggressive the IRS was about going after a $601 payment for temporary or intermittent work. But the $600 threshold is codified in the IRS statement linked.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.