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Biden’s returns, posted on his campaign website, show that he and his wife, Jill, made $944,737 in taxable income last year and paid $299,346 in federal income taxes—a 31 percent tax rate. In contrast, Trump paid no federal income taxes for 10 of the past 15 years, and paid just $750 in 2016 and 2017.
lol he made $11 million in 2017 and $4.5 million in 2018 But in 2019 $944,737 . Yeah that's believable . I guess he didn't draw as much income from his S Corp last year .
Does this mean you are denying that Trump paid no federal income taxes for 10 of the past 15 years, and paid just $750 in 2016 and 2017?Quote:
Originally Posted by tomder55
I don't deny anything . I haven't seen his returns and as I understand it ,no one is legally allowed to except when ordered by a judge ,or if Trump voluntarily releases them . The Slimes ,if their claim is even true , illegally obtained his taxes . They get a pass on illegally publishing them because their article is full of unconfirmed innuendo that the drones of the left assume are fact .
This is so much a non-story . I applaud anyone who legally pays less taxes ,and that includes Quid . When Evita made note of Trump not paying taxes ,when the Slimes released virtually the same hit piece before their debate ,Trump's rely was 'I am smart '. I've seen NY prosecutors probing his taxes for years and nothing happens . Quid ? I guess the royalties ran out from publishing his ghost written book ;that no one read .
I got no problem with doing things legally, but let's verify that it was legal. Not like the dufus is above lying, cheating, and stealing mind you.
All the Slimes is doing is an exercise in innuendo ;a drive by smear while presenting no evidence . 18,000 word expose without any verifying evidence is a cr@p sandwich to the base to digest ,and use for cheap talking points .
Your understanding is incorrect. See my previous post from the NYTimes on this. Their position has been upheld by the Supreme Court.Quote:
Originally Posted by tomder55
I know one way to put all this to bed. Show the tax returns.Quote:
Originally Posted by tomder55
why should he ? But during the debate he could've clarified the obvious that he pays a fortune in taxes through the 500 Trump businesses that he is the sole owner of .
Then he should expect to be scrutinized and investigated in ALL his business dealings. You know just to be sure he ain't lying again.Quote:
Originally Posted by tomder55
Of course, he should. But he has a problem with that - they will show what a fraud and liar Trump is and has been.Quote:
Originally Posted by talaniman
It is essential to know who he owes the half-a-billion $ to. Probably through Putin and maybe those countries where we know he paid.
I think it means that you have no idea what Trump paid in taxes in the past 15 years. It would also mean that you can't continue to say, as you have, that Trump has lost billions of dollars over the past few years, but then complain that he paid no taxes. Last time I checked, income tax for no income would be...Zero???Quote:
Does this mean you are denying that Trump paid no federal income taxes for 10 of the past 15 years, and paid just $750 in 2016 and 2017?
What Trump has been doing is turning capital losses into income deductions, so all this proves is the tax law is flawed, the capital losses are probably off the same inflated valuations he used to get the finance
as for Biden his speaking income would take a decided dive once he committed to the campaign
exactly ,even the Slimes is not accusing him of violating the law.Quote:
so all this proves is the tax law is flawed
The tax laws are skewed to benefit the monied interests. The more monied, the greater the skew.
Does that explain how it is that the top 20% of income earners in America pay more than 85% of the income taxes while the bottom 50% pay about 3%? Man if that's skewing the tax laws towards the "monied interests", then they did a pretty bad job of it.Quote:
The tax laws are skewed to benefit the monied interests. The more monied, the greater the skew.
Not when you consider that as much as they pay they get richer and richer it isn't. Obviously they can easily afford it. Others not so much.
Not true.Quote:
Not when you consider that as much as they pay they get richer and richer it isn't.
And they aren't trickling down very much either. Some aren't anyway!
It is easily explained the bottom 50% have no money so they can't contribute much and they don't benefit as much. I wonder how many of them take Carribean holidays or sky trips or live in fancy condos? How many drive new SUV?. Jl you are very one eyed, thinking only of yourselfQuote:
Originally Posted by jlisenbe
Don't be ridiculous. The 50th percentile averages 63K a year. That hardly qualifies as "no money".Quote:
It is easily explained the bottom 50% have no money so they can't contribute much and they don't benefit as much.
you love to play with averages
If you are going to talk about American issues, then you ought to know what you're talking about. You don't, and then when someone else actually does, you want to plead such silliness as playing with averages.
You like to talk about percentiles as though this knowledge means you understand the issues but in fact, you don't. People with more income pay more tax, for this reason the tax rates are incremental, recognising that the more someone earns the less they need and the more they should contribute since they gain more benefit. Your theorum suggests that those in the lower income brackets should pay more of their meagre income so you can pay less, a very selfish and self first attitude. I understand why you align yourself with Trump
You also don't like the idea I should pay no tax without recognising that I paid plenty in the past, my government recognises that and rewards me by not making my latter years difficult
Thank you for stating what everyone here already knows.Quote:
People with more income pay more tax, for this reason the tax rates are incremental, recognising that the more someone earns the less they need and the more they should contribute since they gain more benefit.
I haven't suggested anything of the sort, so you are either sadly ignorant or flat lying. I have said that the idea put forward here about the wealthy shifting the tax code to their favor is hard to defend in light of the fact that it is the wealthy (which has never included me) who pay more than 85% of income taxes in America. You really need to get your facts straight or find something else to talk about. If you have any interest is seeing this for yourself, and I doubt that you do, you can see it here.Quote:
Your theorum suggests that those in the lower income brackets should pay more of their meagre income so you can pay less, a very selfish and self first attitude.
https://www.askmehelpdesk.com/showth...98#post3858798
Stop and think of the money earned to pay 85% of the taxes with less than 30% of your income. That's an ginormous pile of cash bud, assuming it's just 30%. After deductions it could be much less. The same logic applies to touting the median income, as good as you think it is, but you seem to ignore the condition of those that live below it, or even far below it. You cannot ignore the affects of subpar wages or dismiss it by placing BLAME on those that live it. Not when the rich set those wages, and PRICES and the poor do not.
It does make you feel better when you can tell us how hard you worked I suppose, but I doubt you work any harder than those poor blue collar low wage workers. Those with who bust their backs are as equal humans as those that busted the books aren't they? Or is the case that though God created all men equal, some just get paid more, so more valuable? To whom?
When faced with a simple fact that completely contradicted your contention that the wealthy have set tax policies that favored them, you then basically just change the subject. The wealthy make a lot of money? Well, yeah, you can say that. Isn't that why we call them "wealthy"? But it is simply true that they pay most of the income tax, so your point cannot be true. And they don't set wages. The market determines wages. I have a friend who drove a truck in the ND oil fields. He made money hand over fist. Why? Because most people won't do that job, so the market forces oil companies to up their pay to compete for the small pool of men who will and can do it. The basic equality of man is not dependent on how much he/she is paid. It is dependent upon that person's value in the sight of God.Quote:
Stop and think of the money earned to pay 85% of the taxes with less than 30% of your income. That's an ginormous pile of cash bud, assuming it's just 30%. After deductions it could be much less. The same logic applies to touting the median income, as good as you think it is, but you seem to ignore the condition of those that live below it, or even far below it. You cannot ignore the affects of subpar wages or dismiss it by placing BLAME on those that live it. Not when the rich set those wages, and PRICES and the poor do not.
When have I made an issue of how hard I worked?Quote:
It does make you feel better when you can tell us how hard you worked I suppose, but I doubt you work any harder than those poor blue collar low wage workers.
Just the bleating of sheep. When you were working, did you feel compelled to take some of your pay and give it to the people working at McDonald's since, after all, in your world everyone should get paid equal? We already know the answer to that. Liberal political ethics only apply to what other people do, and never to what you do. Do you really think that medical doctors should get paid the same as those who work at McDonald's? Surely you don't believe something that foolish.Quote:
Those with who bust their backs are as equal humans as those that busted the books aren't they? Or is the case that though God created all men equal, some just get paid more, so more valuable? To whom?
Who controls the market?Quote:
Originally Posted by jlisenbe
Let's start with a living wage, which helps the economy, and keeps people from poverty. States are already voting for just that and it's about time. You're late!Quote:
Just the bleating of sheep. When you were working, did you feel compelled to take some of your pay and give it to the people working at McDonald's since, after all, in your world everyone should get paid equal? We already know the answer to that. Liberal political ethics only apply to what other people do, and never to what you do. Do you really think that medical doctors should get paid the same as those who work at McDonald's? Surely you don't believe something that foolish.
Everyone. Consumers and producers alike, by their purchasing decisions, control the market.Quote:
Who controls the market?
Living wage? What does your business pay? How much is a "living wage" and how do you determine that? In our area, it's not difficult for the average person to start at 13-15 an hour if he/she knows how to show up on time, keep the big mouth shut, stay away from drug/alcohol abuse, and work reasonably hard. Is that a living wage? If it is, then why would the state need to intervene?
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