Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
ALL businesses take advantage of every one of the 87,000 pages of the tax code to lessen taxes owed. Most of the tax code was written when the democrats were in charge [for 40 years]of writing tax laws. Laws to benefit their donors.
Location: Big Island of Hawaii & HOT BuOYS Sailing Vessel
5,277 posts, read 2,798,262 times
Reputation: 1932
The important reason for America to see Trump's return is to close the loopholes that allow billionaires to become billionaires without generating taxable income.
knowlege, experts and common sense. I don't listen to someone with an agenda.
I use the tax code to legally keep my taxable income as low as possible so I can keep more of my money... I enjoy learning about taxes and consult with my CPA to calculate the tax consequences of investment, it's called tax proficiency.
The rich don't get rich by giving their money away, they consult with professionals and practice tax proficiency. You'll never get rich if you give your money away, ie.. don't learn how to handle money and learn at least the basics about taxes. I don't mind paying taxes if they are reasonable, but no one in their right mind pays more than is legally required.
The important reason for America to see Trump's return is to close the loopholes that allow billionaires to become billionaires without generating taxable income.
But that Billionaire is not part of the Establishment per his supporters.
I doubt ANY of the ultra-rich Ruling Class pay any net taxes. Otherwise, they wouldn't have 99.99% of the money, and an increasing percentage every day.
Does the average citizen not realize that over 90% of of Big Government's funding comes from payroll and wage income taxes--taxes that ONLY touch people working for a living? A national sales tax would be much more "fair," but if one is ever implemented, it will only be ADDED to the massive taxes that have empoverished the working class (and it will manage to exempt the ultra-rich Ruling Class anyway).
Good point. Have you read Confessions of Congressman X? He talks about how everyone and their mother in Congress talks about simpler and flatter taxes but noone means it and it will never happen b/c the tax code is Congress' most powerful weapon.
Yep, knowledge is power, ignorance is defeat. They want to keep the people ignorant.
knowlege, experts and common sense. I don't listen to someone with an agenda.
I use the tax code to legally keep my taxable income as low as possible so I can keep more of my money... I enjoy learning about taxes and consult with my CPA to calculate the tax consequences of investment, it's called tax proficiency.
The rich don't get rich by giving their money away, they consult with professionals and practice tax proficiency. You'll never get rich if you give your money away, ie.. don't learn how to handle money and learn at least the basics about taxes. I don't mind paying taxes if they are reasonable, but no one in their right mind pays more than is legally required.
These liberals are making fools of you.
Liberal logic dictates that people pay more taxes than required...it makes one more 'Merican.
What's the big deal? Don't we have any retired CPA's here?
Anyone that's ever owned a business knows you can carry a loss forward to future tax years.
There's not a single thing wrong or unethical about it. The only thing possibly wrong is if you overstated the loss you carry forward. But if he's been audited as many times as he says, they would have nailed him for that already.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
