The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
https://www.propublica.org/article/t...oid-income-tax
The IRS is investigating who leaked this tax data to the press.
The Billionaire who over-abused this system the most to pay next to zero in taxes...Warren Buffett.
Buffett says he wants the IRS to change the tax laws so that people like him can't get away with this shit.
Shut The Fuck Up.
First off this who story is far from true and they know it. Dig in and you find out Bezos paid the IRS nearly $1B in taxes. Musk paid over $300M to the tax man. That’s hardly nothing.Originally Posted by TheXFactor
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It's nothing compared to their stock portfolio and net worth.
Until they pay their fair share of taxes they need to be banished from the Earth.
Whomever leaked this to the press should be prosecuted. End of story.
I’m not surprised motherfuckers!
Oh the awesome arguement of taxing the value of a portfolio bullshit. So tell me is this a one time thing or do we just demand taxes every year based on the value of somebody’s investment accounts. Do they get a rebate when a stock price tanks? What’s used for valuation accrual of current vs purchase price median. And where do you draw the line?? This is a insane proposition because lefties don’t know when to stop. They’ll want more and more and then when your house accumulates significant equity they’ll start taxing joe blow public for having 1/2m equity and an IRA worth $1M which realistically is minimal what you need to retire comfortably and not worry about ending up bankrupt on Medicaid in some shit nursing home before you die. (This is just to maintain a reasonable lifestyle and not live month to month on shit SS retirement with its awesome near 0 ROI)It's nothing compared to their stock portfolio and net worth.
Until they pay their fair share of taxes they need to be banished from the Earth.
www.jokerstarspoker.com / www.jokerstarspoker.net / www.jokerstarspoker.eu
www.jokerstarspoker.club (not your mommas chinese poker app)
Oh the awesome arguement of taxing the value of a portfolio bullshit. So tell me is this a one time thing or do we just demand taxes every year based on the value of somebody’s investment accounts. Do they get a rebate when a stock price tanks? What’s used for valuation accrual of current vs purchase price median. And where do you draw the line?? This is a insane proposition because lefties don’t know when to stop. They’ll want more and more and then when your house accumulates significant equity they’ll start taxing joe blow public for having 1/2m equity and an IRA worth $1M which realistically is minimal what you need to retire comfortably and not worry about ending up bankrupt on Medicaid in some shit nursing home before you die. (This is just to maintain a reasonable lifestyle and not live month to month on shit SS retirement with its awesome near 0 ROI)It's nothing compared to their stock portfolio and net worth.
Until they pay their fair share of taxes they need to be banished from the Earth.
Also, in reality, these billionaires make the government run with what they pay. The "average" American, like the single mom making 30k/yr, they actually pay $0, which is fine and how it is supposed to work.
When America’s richest men pay $0 in income tax, this is wealth supremacy
https://www.theguardian.com/commenti...alth-supremacy
The super-rich have bought armies of lobbyists to keep their taxes minuscule and to create tax loopholes large enough to drive their Lamborghinis throughThe loopholes are tougher than kryptonite. Remember the notorious “carried interest” loophole that almost every presidential candidate over the last five elections has promised to close? It’s still there.
This should be outrageous but I guess people don't give a fuck.
https://twitter.com/twt/status/1402371052769062920
IRS obvious has a bad leak here. Remember how Trump's tax returns got out? And remember how the NY Times had no problem publishing information from them, and Twitter had no problem with links to that artice? Remember how a few months later, it was against the "hacked materials policy" to talk about Hunter Biden's laptop, which wasn't even hacked?
Hmmmmmmmmmmmm
But yeah, the IRS needs to be investigated regarding how shit like this keeps happening. And let's not forget their targeted audits of any organization with right wing looking terms in the name (such as "patriot"), which was clearly political. And let's also not forget the IRS "losing" hard drives with the data with proof of these illegal political targeting moves.
If we are just going to print up the difference every single year until The whole thing collapses on its self then what the fuck does it matter?
Kind of a retorical question but it’s really not.
We could just nationalize the rich and steal all of it and it still wouldn’t plug the hole between 3.4 ish Trillion in receipts and the 6T uncle Joe wants us to spend….. and that’s only 1 year.
Rich should pay more, but unless the middle class who already pay for everything participate the deficit will continue to be huge, and let’s face it that’s the inflation treadmill that we are on forever going forward.
We are all fucked, it’s just the matter of when.
Modern Monetary Theory preaches the purpose of taxes is to decrease the money supply. You print some. You subtract some. When the government collects taxes, it removes money from the economy and slows growth.
Where we are fucked is that the Fed really isn’t that sharp. My formative years were just post Greenspan. Not good.
The Fed is less and less apolitical too.
Yeah, we are fucked at some point. You can trust history repeating itself. The cycles seem to get shorter and shorter.
To put a finer point on it. Increased taxation is the correct MMT play....
also... they are all public officials. Surrender tax records or gtfo.
the left loves billionaires now, it's all good now
just take the vaccine bigot
you're living in a shit hole
expect the worst
Don't be alarmed all ye libtards! Biden has you covered. You know that 400K he says you have to make to get a tax increase. What he didn't tell you is thats for families. A single person making 200K is going to get a tax increase. HAHAHAHAHAHAHAHA!!!!! Jokes on you libtards!!!
Oh, and another way Biden is going to pay for the freeloader billionaires. You heard it here first!!!
Do you remember that "incompetent Trump" cutting the 15% tax bracket to 12%? And do you remember he doubled the standard deduction? Well, guess what. Those tax cuts are set to expire. And Uncle Joe is keeping mum about it. Thats because he will quietly let the cuts expire and the taxes will be raised back up on the lower class. REPEAT, BIDEN IS GOING TO LET THOSE CUTS EXPIRE.
You see? Uncle Joe has the billionaires covered. Liberal dogma is....taxes are for poor people. You got what you wanted when you voted in Uncle Joe, libtards.
Now....what was that you libtards were saying about being for the poor and downtrodden? HAHAHAHAHAHAHAHA!!!!!!!
POKER FAG ALERT! FOR BLOW JOB SEE SLOPPY JOE THE TRANNIE HO.
fuck off faggot
Guys, relax, these guys will be paying their share when they die.
Remember the Death Tax? And even in countries without a death tax, like Canada, your all of your assets are deemed "sold" when you die.
So, check it out:
What does Buffett need to live on in 1 year? $3 milly? Ok, so, if you're him you simply sell a few stock losers and simultaneously (in the same year) sell stocks that have gone up by the same amount that the losers have gone down. You do it in such a way that $3 m in proceeds are obtained and you live on that.
Voila: $0 to be paid in taxes. But you have the $3 milly out as cash you can freely spend.
And if you're Warren, your portfolio has probably increased 7-15% in that time period, all untouched by taxes "for now".
THE KICKER: Buffet, Bezos, Gates and the lot will pay a bunch when they die. Oh. it'll be minimized by their armies of strategists, lawyers, etc., sure, but they'll pay 1/2 (cuz capital gains, duh) of the top tax rate of 37% federally when they croak on their billions of proceeds.
Same as you could do, essentially.
Last edited by Forum Wars; 06-12-2021 at 06:43 AM.
https://www.cnbc.com/2019/10/21/aver...or-states.html
LOL, "windfall" for states...NO! These are the taxes these billionaires owe from a life of living with $0.0 in taxes paid if they want to!
It's not that hard to understand and again, you can do it too, either by becoming several-times-millionaire rich and/or living below your means.
That’s why these guys “donate” all that moolah to charity....charities run by their kid or cronies....
So they don’t look like the greedy fucks they actually are.
However they pay plenty of taxes and employ millions of people through their businesses....so whatever.
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