The Banker
Diamond Member
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- #61
Exactly, these people are partisan sheep. All they care about is D and R, not America. They have some insane tailor made excuse for every stupid thing a republican does... I have never met a republican actually admit fault or take responsibility for failure.No. I’m in the 1% and my marginal tax rate is about 45%. I want to be sure that so long as I’m paying taxes, that every individual in the 0.1% is doing so too.What begging are you referring to? Tell me, in your opinion, should the ultra wealthy pay taxes?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.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...
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
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
Are you confused about what that means?
Haha...you’re trying real hard to justify your shameless begging.
Help me out with this data would you please.
More than 44% of Americans pay no federal income tax
The Tax Policy Center estimates how many people paid no federal individual income taxes in 2018.www.marketwatch.com
I’m guessing you want Father Government to rape our most productive for more so you can either be given more free shit or pay less yourself...no?
I keep showing you the “ultra wealthy” are paying your way and not using more public services. Why aren’t you contributing EQUALLY? Put the bong down and do better.
The 1% Pay 37% of Federal Income Taxes
The IRS has released new tax data that demonstrate how much we’ve been fooled by claims that the rich aren’t paying their fair share. Those claims are based on statistical errors and incomplete data. Now that we have the complete data, we gain more perspective. We’ve written a piece in the Wall...www.aier.org
As I said before, you are posting aggregate data. Your data does not mean every individual in that category pays taxes. The article in the OP demonstrates a way the tax code was written that can give a tremendous advantage to property owners to reduce their tax rates to zero. I have a problem with that as someone who pays a lot of taxes.
Sorry bud...you’ve already exposed yourself...you have no credibility, you won’t be able to sell that bullshit. NOBODY here believes you’re productive...NOBODY productive begs to pay a higher tax rate...NOBODY.
Im not begging to pay a higher rate. I’m pissed that the ultra-wealthy can write the law to get out of paying any taxes.
How do you feel about that?
