Uncovered: MASSIVE Tax give away in Stimulus Bill

[The Banker]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

 

[Nostra]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

 

[Siete]

Buffett pays less tax as a percent than his secretary is because he is being taxed primarily on capital gains income as an investor versus his secretary, who is taxed on a salary or earned income as an employee. And while Buffett does pay himself a relatively small salary of $100,000 (same for the past 25 years, Investopedia) as CEO of Berkshire Hathaway, the majority of his income is from stock market investments. And even though the long-term capital gains and qualified dividend taxes did not change in the TJIA (taxed at 0%, 15% and 20%), they remain much lower than ordinary income tax rates.

there ya go dumbasses -

THANK YOU!!!!

What is wrong with these retards they are too stupid for words...

Trumpdrones -

 

[The Banker]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

 

[BluesLegend]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

The 'rich' pay the lions share of taxes idiot boy. The top 10% pay 80% of the taxes. Go peddle your wealth hate in China.

 

[Toddsterpatriot]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

WOWWWWW!!!

there are literally 1000 articles out there explaing this. And Buffet explains this in his own words. BUFFET PAYS A LOWER TOTAL TAX RATE THAN HIS SECRETARY. Toddster stop speaking you are too stupid to speak.

Suddenly Toddster inderstands how stupid he is. Like I said if you want to go up against me you better know what the fuck you are talking about... you have no clue what you are talking about. What is so funny about this is that you are finally realizing that the ultra wealthy have some incredible tax loopholes and lots of them pay a lower percentage of taxes than the middle class...

Why Buffett pays less than his secretary

The Atlantic covers news, politics, culture, technology, health, and more, through its articles, podcasts, videos, and flagship magazine.

www.theatlantic.com

The main reason Warren Buffett pays less than his secretary is that his dividends and capital gains are taxed at a lower rate than his secretary's salary income. (Warren says he pays 17.7% of his total income in taxes.) You can watch Warren explaining this here.

The main reason Warren Buffett pays less than his secretary is that his dividends and capital gains are taxed at a lower rate than his secretary's salary income.

She pays the same rate, or lower, on her dividends and capital gains as he does.
She pays the same rate for Social Security and Medicare that he does.
She pays the same rate, or less, on her salary.

 

[Nostra]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

I admit no such thing, Crayon Eater.

You found one guy out of 143 MILLION tax payers and you are so stupid you think that backs up your bullshit lies.

Keep digging, Window Licker.

 

[Siete]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

The 'rich' pay the lions share of taxes idiot boy. The top 10% pay 80% of the taxes. Go peddle your wealth hate in China.

another idiot too f'n stupid to be taking up space ^^

 

[Nostra]

I’m sure the Crayon Eating “Banker” will not be able to comprehend this chart.

 

[Siete]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

I admit no such thing, Crayon Eater.

You found one guy out of 143 MILLION tax payers and you are so stupid you think that backs up your bullshit lies.

Keep digging, Window Licker.

you keep digging dog breath - I shoved your capital gains horseshit back down your throat where it belongs ..

 

[BluesLegend]

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.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

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...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

You actually believe billionaires will be paying smaller tax percentage?

Some people are dumb...

He's a "banker", but that's what he believes.

I would bet money that idiot doesn’t even have a bank account.

I ask again:
does warren Buffet pay a lower total tax rate than his secretary????

Asked and answered, moron.

Keep digging.

OK so now you are ready to admit that you were too stupid to comprehend that millionaires and billionaires do indeed pay a lower tax rate than lower class people?

That Warren Buffet does indeed pay a lower total tax rate than his secretary???

Something that you didn't comprehend 10 minutes ago...

The 'rich' pay the lions share of taxes idiot boy. The top 10% pay 80% of the taxes. Go peddle your wealth hate in China.

another idiot too f'n stupid to be taking up space ^^

Its a FACT, the 'rich' already pay the lions share of the taxes. I know you bunch of dumb ass liberals SPIN this by ignoring that fact. You talk % of income instead while ignoring the FACT that the 'rich' pay most of the taxes. You don't want to discuss this FACT because that blows up your stupid shit hate the rich talking point.

 

[Nostra]

 

[BluesLegend]

Hey retard where do you get 3 years? This is permanent, it is retroactive for the 3 years prior, learn to read before you embarrass yourself. Trumpers are dumb as dirt...

From the NY Times, MSN "The new stimulus bill lifts that restriction for three years — this year, and two retroactive years"

Even the Fake News agrees Banker doesn't know what the hell he's talking about. His posts have about a 90% inaccurate rating.

 

[The Banker]

Still waiting for Meister to tell us who Banker's "masters" are who have him down on his knees.
I know the Republicans who support Trump aren't down on their knees.
They are up in Trump's colon.

.

The 3 amigos of stupidity Meister, Toddster, and Nostra. These people are literally too stupid for words.

Nostra doesn't even understand that Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Cool story, bro.
How much does his secretary earn? What are her capital gains?
How much does he earn? What are his capital gains?

Nice diversion dumb ass, and a pointless one. You were too stupid to understand what the real estate depreciation is, and you have been schooled yet again... son

I have told you this repeatedly, anytime you want to go up against me you better know what the fuck you are talking about or you are going to get schooled...

You were too stupid to understand what the real estate depreciation is,

View attachment 316799

This sounds like an ok explanation. Is it wrong?

and you have been schooled yet again... son

Is that when you call it when I laugh at your stupidity?

OK so then using that explanation can you then comprehend that somebody can earn millions in profits from trading stocks or another business yet pay no taxes on those millions, AND still have the real-estate that they own appreciate in value and earn passive rental income, all at the same time using the depreciation loophole to pay no taxes for the year...

Or are you still too stupid to comprehend this??? Because look what you posted it says it in the second paragraph, which is why it is a loop hole.

WHAT YOU DIDN"T COMPREHEND BEFORE: You can claim on your taxes that the real-estate is depreciating, the law allows this, but really it is appreciating, that is why it is a loop hole... Dumbass...

And can you finally admit that Buffet pays a lower total tax rate than his secretary, something that is preposterous... A billionaire pays a lower tax rate than their secretary...

Wow that was enough schooling for one day... Again, next time you go up against me you better have some form of a clue what you are talking about or you will look stupid yet again...

 

[BluesLegend]

View attachment 316816

Liberals just shit themselves.

 

[Nostra]

44% of the lowest income earners pay ZERO INCOME TAX.

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

 

[Siete]

View attachment 316816

thats nice - now show a chart AFTER deductions from loopholes -

yawnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

 

[Nostra]

 

[Nostra]

View attachment 316816

thats nice - now show a chart AFTER deductions from loopholes -

yawnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

That was it, moron.

 

[Siete]

View attachment 316816

thats nice - now show a chart AFTER deductions from loopholes -

yawnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

That was it, moron.

bullshit -