How will Trump’s tax INCREASE affect you?

[Chef Jim]

4 minutes ago, SoCal Deek said:

Let me guess….cold Coco Puffs and Pop Tarts? 😉

Yes. We put golden tickets in boxes. 

[B-Man]

On 5/20/2022 at 2:48 PM, B-Man said:

How will the new GQP tax INCREASE affect you?

 

It won't.         There isn't any.

 

It was a proposal by one senator, in a senate with a Democrat majority.

 

The thread is a "squirrel" posted by our resident nut.

 

 

 

Quick reminder: this thread is, oh I don't know, Democrat fear porn.........😆

 

8 months now, where oh where is that GOP tax increase Bill ??

 

 

.

[Doc]

Yup, exactly what I knew it would show.  And then it would have been like Romney and all the kvetching over following what's allowed under tax law.

[SoCal Deek]

6 minutes ago, Doc said:

Yup, exactly what I knew it would show.  And then it would have been like Romney and all the kvetching over following what's allowed under tax law.

And Nancy knew EXACTLY what it would show but for two years she’s not said much of anything to change the Tax Code except a debate about whether SHE is profiting from it. 

Edited December 21, 2022 by SoCal Deek

[Tommy Callahan]

 Isnt this a thread about the GOP raising taxes?

 

Its not the GOP raising taxes/cost of living while driving down the value of the dollar right at the moment.

 

 

 

 

 

 

 

[B-Man]

 

[Chef Jim]

Taxes are set to go up in 2026 so of course the GOP will get the blame for that. 😏

[B-Man]

 

 

There has perhaps never been a dumber national obsession than the one that has existed over Donald Trump’s tax returns.

 

Despite the IRS having had all of them over the decades, the press and its Democrat allies have long convinced themselves that Trump was illegally colluding with foreign nations and cheating on his taxes.

 

They continued to hold that belief despite multiple audits of the former president over the years. Apparently, we were all supposed to believe that the IRS (the same IRS that targeted conservatives under Barack Obama) was actually a right-wing front group protecting Trump at all costs.

 

In other words, the accusations about Trump’s taxes were always nonsensical and ridiculous. Sure enough, House Democrats have released its report on the matter (and have voted to release the actual returns).

 

Get a load of this bombshell.

 

 

Wait, do you mean to tell me that Trump’s financial fortunes went up or done depending on what year it was?

 

And that he didn’t pay income taxes in the years that his losses outpaced his gains? What a shocking turn of events. We better spend the next week of the news cycle on this, pretending that it’s a major scandal.

 

The long and short of this is that Trump did absolutely nothing outside the bounds of the current tax system. One could argue the current tax system sucks and benefits the ultra-wealthy. I might even agree, but that’s not what we were promised. We were promised Russian collusion and reams of fraud. Where is it?

 

Naturally, the press will still act as if this is all major news, but it’s decidedly not. Trump not releasing his taxes was always about simply tweaking the left because they demanded them. Had they shut up, he might have released them a long time ago. But the moment they made it a crusade, Trump was never going to give in. That’s just not his style.

 

Now, hundreds of years of precedent have been broken, with a private citizen’s tax returns being seized and released by congressional partisans for no other reason than to embarrass them. There was no legitimate legislative or investigative role here. And they did that for what? To show us that Trump uses the tax code like every other businessman?

 

https://redstate.com/bonchie/2022/12/21/report-on-trump-tax-returns-has-been-released-heres-the-big-bombshell-the-press-is-obsessing-over-n676713

 

 

.

[Chef Jim]

11 minutes ago, B-Man said:

 

 

There has perhaps never been a dumber national obsession than the one that has existed over Donald Trump’s tax returns.

 

Despite the IRS having had all of them over the decades, the press and its Democrat allies have long convinced themselves that Trump was illegally colluding with foreign nations and cheating on his taxes.

 

They continued to hold that belief despite multiple audits of the former president over the years. Apparently, we were all supposed to believe that the IRS (the same IRS that targeted conservatives under Barack Obama) was actually a right-wing front group protecting Trump at all costs.

 

In other words, the accusations about Trump’s taxes were always nonsensical and ridiculous. Sure enough, House Democrats have released its report on the matter (and have voted to release the actual returns).

 

Get a load of this bombshell.

 

 

Wait, do you mean to tell me that Trump’s financial fortunes went up or done depending on what year it was?

 

And that he didn’t pay income taxes in the years that his losses outpaced his gains? What a shocking turn of events. We better spend the next week of the news cycle on this, pretending that it’s a major scandal.

 

The long and short of this is that Trump did absolutely nothing outside the bounds of the current tax system. One could argue the current tax system sucks and benefits the ultra-wealthy. I might even agree, but that’s not what we were promised. We were promised Russian collusion and reams of fraud. Where is it?

 

Naturally, the press will still act as if this is all major news, but it’s decidedly not. Trump not releasing his taxes was always about simply tweaking the left because they demanded them. Had they shut up, he might have released them a long time ago. But the moment they made it a crusade, Trump was never going to give in. That’s just not his style.

 

Now, hundreds of years of precedent have been broken, with a private citizen’s tax returns being seized and released by congressional partisans for no other reason than to embarrass them. There was no legitimate legislative or investigative role here. And they did that for what? To show us that Trump uses the tax code like every other businessman?

 

https://redstate.com/bonchie/2022/12/21/report-on-trump-tax-returns-has-been-released-heres-the-big-bombshell-the-press-is-obsessing-over-n676713

 

 

.

This is why smart rich people use investments for income.  You can harvest losses to offset gains.  You pay capital gains taxes which are typically lower than ordinary income.  And they also don’t pay FICA and SDI.  

[Big Blitz]

Who knew holding public office was so lucrative 

 

Imagine what they’d do to keep it this way 

 

But January 6!!

 

 

 

[Chef Jim]

7 minutes ago, Big Blitz said:

Who knew holding public office was so lucrative 

 

Imagine what they’d do to keep it this way 

 

But January 6!!

 

 

 

Well now it will be “see!!  He’s a horrible businessman!”  🙄

[BillStime]

4 hours ago, B-Man said:

 

 

Quick reminder: this thread is, oh I don't know, Democrat fear porn.........😆

 

8 months now, where oh where is that GOP tax increase Bill ??

 

 

.

Um - what happened to the RED WAVE?

 

If you guys swept the House and Senate as predicted BY ALL OF YOU there would have been no doubt a tax increase to all except the 1%.

 

Idiots - 100%

 

[sherpa]

7 minutes ago, BillStime said:

Um - what happened to the RED WAVE?

 

If you guys swept the House and Senate as predicted BY ALL OF YOU there would have been no doubt a tax increase to all except the 1%.

 

Idiots - 100%

 

 

A ridiculous assumption.

[BillStime]

55 minutes ago, sherpa said:

 

A ridiculous assumption.

The RED WAVE? Agreed 

[Doc]

1 hour ago, sherpa said:

A ridiculous assumption.

 

Not assumption, what they've been fed by their masters.  Who realize that most of them don't know how the government works.

 

[BillStime]

1 hour ago, Doc said:

 

Not assumption, what they've been fed by their masters.  Who realize that most of them don't know how the government works.

 

 

LOL - masters?  What did you say about Durham?

[BillStime]

Won’t go anywhere but believe them the first time they tell you

 

 

[Tommy Callahan]

The TAX hurting folks is the inflation that was supposed to be transitory and temporary.

 

ITs also driving down peoples real wages.

 

 

 

 

[B-Man]

9 hours ago, Chris farley said:

The TAX hurting folks is the inflation that was supposed to be transitory and temporary.

 

ITs also driving down peoples real wages.

 

 

 

 

 

 

No, no.

Since last April,  B.S. has wanted us to tell him how the (PROPOSED)

Republican tax bill has been affecting us   

 

Stay on topic !

 

🥲

[Tommy Callahan]

Whats not helping is the white house and other Politicians saying/Posting non stop about how great the economy is.

 

they are only showing how out of touch they are. its just daft.