โJul-30-2019 10:55 AM
โAug-06-2019 05:14 AM
DutchmenSport wrote:
And if the IRS is satisfied, then his business IS HIS business, not ours or anyone elses, any more than you'd want your financial shared to the public masses.
โAug-06-2019 04:46 AM
DutchmenSport wrote:
A little off topic, but not meaning to be "political", but I just don't understand why everyone thinks Pres Trump is somehow skating on his taxes. With the financial revenues this guy deals with, he would most definitely be scrutinized by the Internal Revenue Service for audits and re-audits and re-re-re audits year after year after year. If he (or his financial wizards) can find and use tax credits, loop holes, and other ways to legally use all the available tax credits to HIS advantage, AND all this is already scrutinized by the IRS, then how can ANYONE question anything about his finances. Think about it folks? The more money one makes, the more you are scrutinized by the IRS. If all your ducks are NOT in order, they will find the errors and .... BELIEVE ME, I KNOW .... they will get their due money. If they don't .... they seize your assets. I saw my in-laws go through this from a horribly failed business venture they attempted and then tried to false report their income.
And a CHURCH I was attending years ago was under IRS scrutiny for the way their pastor was being paid and NOT being reported correct. They almost lost the church ... yes ... a church!
So while everyone is harping about how unethical or crooked Mr. Trump is, think about it folks .... He's not crooked. Actually, he's squeeky clean, coming through year, after year, after year financial audits BY the IRS. And if the IRS is satisfied, then his business IS HIS business, not ours or anyone elses, any more than you'd want your financial shared to the public masses. Think about it.
Sorry, I had to vent. This post may get deleted. I understand if it is.
โAug-06-2019 04:23 AM
โAug-06-2019 04:22 AM
Grodyman wrote:
While on the surface it seems unfair, and it may well be. But....how many jobs has Amazon created, and how much revenue has the government received via income tax on all of those jobs? You tax the businesses, maybe they cut jobs, then you lose the income tax on those jobs, so is it a wash? Don't know.
Also, Bezos probably pays taxes personally on his earnings, as does Trump.
Truth is, you need wealthy people to invest in businesses and corporations that create jobs. When you take away the incentive, jobs are lost and the system collapses (Socialism).
It is the middle class that gets the shaft, hence Trump. Trump is a middle class warrior. Dems and corporate Repubs fight for (exploit) the underclass and (for) the elite.
I don't hate wealthy people, in a lot of cases it took generations to get to that point. I don't think it is reasonable for someone to immigrate to the US with no skill and no money to support themselves and their families, and in one generation, or even less, expect to be wealthy, and denounce those who have already accumulated some. Flame on.
Gman
โAug-05-2019 06:19 PM
Yosemite Sam1 wrote:JRscooby wrote:
Jeff Bezos is the worlds richest man with a net worth estimated at $165,000,000,000..
Never mind Bezos, Amazon with $10 B in income paid zero tax. And I should be happy, I'm a stockholder. But fair is fair.
Or Trump? How can IRS don't get a red flag when every year this "businessman' would have a loss of $1 billion year after year for 10 years to avoid income taxes.
As a first step, we can eliminate those tax loopholes for big business and the rich (I can incorporate myself and my vacation trip to Europe, disguised as meeting with a client, as tax deductible business expenses.
โAug-05-2019 04:40 PM
JRscooby wrote:
Jeff Bezos is the worlds richest man with a net worth estimated at $165,000,000,000..
โAug-05-2019 03:53 PM
โAug-05-2019 03:45 PM
tomman58 wrote:
Sorry but it isn't 2011 anymore and today we are going a TRILLION more in debt annually because of the "new and improved" tax codes.
As much as we see most of the USA each year, yes each year we go at least half way and on the off years we go to LV and AZ from Michigan and then down and across to FL. Sorry but there is one heck of a lot of poverty that is evident especially in the southern states. We are saddened in Fl because we are there the longest and each month we give heavily to the food bank in our camping area. There really is no good reason for this in our country. I also hate Wallmart and others that do not pay a proper wage for a person to live on yet reap billions each year in profits. I guess that is me but from my drivers seat we have been there done that often enough to know this country needs to do better.
westernrvparkowner wrote:
It is a simple fact that you cannot run up any debt unless you spend, period. The US Government spends 11 Billion dollars every single day. Jeff Bezos is the worlds richest man with a net worth estimated at $165,000,000,000. If you could turn him upside down and shake the last dime out of his pockets he could fund the government for 15 days. Then what?
Want to tax his income? Great, only problem is he doesn't have any. His wealth is Amazon stock. It doesn't pay a dividend. He would only show income if he sells some shares and if he wanted to avoid a punitive tax he could get billions in cash by borrowing at any bank and using some shares as collateral.
So the logical answer would be to tax wealth. Only problem is the wealth of billionaires is tied up in investments. They are not like Scrooge McDuck and have their wealth in cash stashed in vaults. To get the cash to pay those wealth taxes they will have to sell those investments. Problem there is the potential buyer pool is other rich people who are also looking to sell for cash, not buy.
Proper and fair taxation alone will never come close to being a panacea, spending MUST also be addressed.
โAug-05-2019 09:48 AM
D.E.Bishop wrote:
Wow, am I surprised that with 11 pages of postings that this is not a political discussion nor are there are any personal attacks, or are there...
โAug-05-2019 09:03 AM
โAug-05-2019 08:29 AM
tomman58 wrote:It is a simple fact that you cannot run up any debt unless you spend, period. The US Government spends 11 Billion dollars every single day. Jeff Bezos is the worlds richest man with a net worth estimated at $165,000,000,000. If you could turn him upside down and shake the last dime out of his pockets he could fund the government for 15 days. Then what?JRscooby wrote:Charlie D. wrote:
From the tax foundation: "In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent. The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).Nov 13, 2018"
Well, I bet if until the year 2011, when I retired, if the top 10% of highest income paid the same percentage of their income in taxes as I did, the budgets would look much different.
It is the people that make enough to buy everything they need, and some of what they want, and do it with time left over to enjoy what the have that makes the economy grow. Take a many that has enough to buy anything he wants, and give him more. He is not going to buy more things people make, he has everything. And the only service he will add to what he already buys is he will buy a politician, and ads to convince voters they should pay more taxes, or go without the best government services, but he pays enough...
Sorry but it isn't 2011 anymore and today we are going a TRILLION more in debt annually because of the "new and improved" tax codes.
As much as we see most of the USA each year, yes each year we go at least half way and on the off years we go to LV and AZ from Michigan and then down and across to FL. Sorry but there is one heck of a lot of poverty that is evident especially in the southern states. We are saddened in Fl because we are there the longest and each month we give heavily to the food bank in our camping area. There really is no good reason for this in our country. I also hate Wallmart and others that do not pay a proper wage for a person to live on yet reap billions each year in profits. I guess that is me but from my drivers seat we have been there done that often enough to know this country needs to do better.
โAug-05-2019 07:37 AM
โAug-05-2019 07:15 AM
JRscooby wrote:Charlie D. wrote:
From the tax foundation: "In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent. The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).Nov 13, 2018"
Well, I bet if until the year 2011, when I retired, if the top 10% of highest income paid the same percentage of their income in taxes as I did, the budgets would look much different.
It is the people that make enough to buy everything they need, and some of what they want, and do it with time left over to enjoy what the have that makes the economy grow. Take a many that has enough to buy anything he wants, and give him more. He is not going to buy more things people make, he has everything. And the only service he will add to what he already buys is he will buy a politician, and ads to convince voters they should pay more taxes, or go without the best government services, but he pays enough...
โAug-04-2019 03:18 PM
Charlie D. wrote:
From the tax foundation: "In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent. The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).Nov 13, 2018"
โAug-04-2019 09:31 AM
tomman58 wrote:Grodyman wrote:tomman58 wrote:
We see our national parks being sold off to oil rigs in pristine lands, oil and mining being sold in our other parks, coal runoff being put back in our streams, air quality under attack and climate change being ignored. The parks are ours not any particular administration. Any monies gathered by making our enviroment worse should be dumped back into the parks it is the least the thieves of the public could do.
A Duramax Diesel and a giant trailer, a full tank of diesel and a Honda gas generator....and you complain about โclimate change.โ
Stop preaching and walk the walk.
I guess you don't know that diesels are greener than everything but electric and there are no 2500 electrics...yet. My giant trailer weighs far less than most 5ers. The Honda genny uses far less fuel than other gennys. So enough on the soap box stuff.
Yep I complain about a government ignoring climate change and my use of a few hundred gallons of diesel each year likely doesn't compare to you going to work.