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Now that we have a new thread, in order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a complete and thorough read before posting! NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets.
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On September 29 2020 10:24 NewSunshine wrote:Show nested quote +On September 29 2020 09:55 Mohdoo wrote:On September 29 2020 09:45 GreenHorizons wrote:On September 29 2020 09:37 NewSunshine wrote:On September 29 2020 07:48 iamthedave wrote: One thing that's slightly unsettling is that there's a drive towards criminalising Trump for his (blatant) abuse of the tax system instead of immediately changing an obviously fucked tax system. There should be no possible way on earth someone with that sort of money can avoid paying taxes. If there are loopholes or rules that allow it, these rules must be changed. Agreed. A lot of the things that Trump does are obviously egregiously bad, but he's only such a figure of outrage because he does it out in the open. You can be sure there are all kinds of folks in high place who would piss themselves if the system Trump exposed as obviously broken starts getting fixed. Obviously, I think the man himself is ridiculous and a lightning rod for everything this country should be trying to steer away from, but there's a lot more to it than just him . A lot of genuinely wealthy people would be very happy for nothing to change. Lucky for them even if Trump loses they've been promised "nothing will fundamentally change" In Biden's full quote it sounded like he was saying even if the rich paid their fair share, their quality of life would never change. They are at such a point of grotesque wealth that obsessing over how many extra millions of dollars they have is totally morally bankrupt. I was super weirded out by the quote, so I looked it up and it did not feel nearly as bad as you are making it out to be. Conservatives tell everyone that you can't have things like free college, universal healthcare, and housing programs for the homeless, but if you got the 1% to actually pay their taxes it would all be paid for. And they wouldn't even notice.
Didn't Biden campaign on not being able to provide that stuff, even with the taxes?
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Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this
Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years.
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
am I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost.
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On September 29 2020 12:46 GreenHorizons wrote:Show nested quote +On September 29 2020 10:24 NewSunshine wrote:On September 29 2020 09:55 Mohdoo wrote:On September 29 2020 09:45 GreenHorizons wrote:On September 29 2020 09:37 NewSunshine wrote:On September 29 2020 07:48 iamthedave wrote: One thing that's slightly unsettling is that there's a drive towards criminalising Trump for his (blatant) abuse of the tax system instead of immediately changing an obviously fucked tax system. There should be no possible way on earth someone with that sort of money can avoid paying taxes. If there are loopholes or rules that allow it, these rules must be changed. Agreed. A lot of the things that Trump does are obviously egregiously bad, but he's only such a figure of outrage because he does it out in the open. You can be sure there are all kinds of folks in high place who would piss themselves if the system Trump exposed as obviously broken starts getting fixed. Obviously, I think the man himself is ridiculous and a lightning rod for everything this country should be trying to steer away from, but there's a lot more to it than just him . A lot of genuinely wealthy people would be very happy for nothing to change. Lucky for them even if Trump loses they've been promised "nothing will fundamentally change" In Biden's full quote it sounded like he was saying even if the rich paid their fair share, their quality of life would never change. They are at such a point of grotesque wealth that obsessing over how many extra millions of dollars they have is totally morally bankrupt. I was super weirded out by the quote, so I looked it up and it did not feel nearly as bad as you are making it out to be. Conservatives tell everyone that you can't have things like free college, universal healthcare, and housing programs for the homeless, but if you got the 1% to actually pay their taxes it would all be paid for. And they wouldn't even notice. Didn't Biden campaign on not being able to provide that stuff, even with the taxes? I would've been much happier with Bernie being where Biden is, for the record. It would be a start.
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On September 29 2020 13:01 NewSunshine wrote:Show nested quote +On September 29 2020 12:46 GreenHorizons wrote:On September 29 2020 10:24 NewSunshine wrote:On September 29 2020 09:55 Mohdoo wrote:On September 29 2020 09:45 GreenHorizons wrote:On September 29 2020 09:37 NewSunshine wrote:On September 29 2020 07:48 iamthedave wrote: One thing that's slightly unsettling is that there's a drive towards criminalising Trump for his (blatant) abuse of the tax system instead of immediately changing an obviously fucked tax system. There should be no possible way on earth someone with that sort of money can avoid paying taxes. If there are loopholes or rules that allow it, these rules must be changed. Agreed. A lot of the things that Trump does are obviously egregiously bad, but he's only such a figure of outrage because he does it out in the open. You can be sure there are all kinds of folks in high place who would piss themselves if the system Trump exposed as obviously broken starts getting fixed. Obviously, I think the man himself is ridiculous and a lightning rod for everything this country should be trying to steer away from, but there's a lot more to it than just him . A lot of genuinely wealthy people would be very happy for nothing to change. Lucky for them even if Trump loses they've been promised "nothing will fundamentally change" In Biden's full quote it sounded like he was saying even if the rich paid their fair share, their quality of life would never change. They are at such a point of grotesque wealth that obsessing over how many extra millions of dollars they have is totally morally bankrupt. I was super weirded out by the quote, so I looked it up and it did not feel nearly as bad as you are making it out to be. Conservatives tell everyone that you can't have things like free college, universal healthcare, and housing programs for the homeless, but if you got the 1% to actually pay their taxes it would all be paid for. And they wouldn't even notice. Didn't Biden campaign on not being able to provide that stuff, even with the taxes? I would've been much happier with Bernie being where Biden is, for the record. It would be a start. As would I, but I'm just noting that either Biden's a conservative or that description isn't limited to conservatives. Personally I lean toward the former because then people would more readily identify him and his supporters as opposition to their purported policy goals.
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On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Show nested quote +Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost.
You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed?
Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year.
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On September 29 2020 13:26 TheTenthDoc wrote:Show nested quote +On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year.
Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next"
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On September 29 2020 14:12 rei wrote:Show nested quote +On September 29 2020 13:26 TheTenthDoc wrote:On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year. Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next"
Somewhere along the line, the billionaire class realized that if you are able to get politicians to defund the IRS, they will lack the capabilities of dealing with behemoth empires. The IRS lacks the capability to combat the legal armies of the rich. It isn't worth it for them to try to take out the big fish because they have been weakened such that they lack capability.
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On September 29 2020 14:15 Mohdoo wrote:Show nested quote +On September 29 2020 14:12 rei wrote:On September 29 2020 13:26 TheTenthDoc wrote:On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year. Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next" Somewhere along the line, the billionaire class realized that if you are able to get politicians to defund the IRS, they will lack the capabilities of dealing with behemoth empires. The IRS lacks the capability to combat the legal armies of the rich. It isn't worth it for them to try to take out the big fish because they have been weakened such that they lack capability.
ohh that's bullshit, IRS 100% got bought out, and they are in on this. They are the one who makes the rules, they are the government, if uncle Sam wants his money he will get his money, who and what are to prevent Uncle Sam from taking what he wants? laws and rights don't prevents the USA government from doing things they want to be done. There is no such thing as rights in the USA, all we have are temporary privileges that the rich grands, rights are not rights when they can be taken away at any time without wrong doing.
edit: the government controls the banks if they really wanted to get their Tax money from the billionaires, they can freeze all their accounts, and take all the money. USA has shown time and time again that they are willing to violate people's rights and laws and do what they want to do, the fact that they don't take the tax money from these billionaires is because they got bought out long time ago, and these tax laws are just for show, so that they can have a fucking excuse to say "we tried our best, but they got teams of lawyers, nothing we can do".
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So i think the debates are going to be one of trumps last big places to turn things around. And the funny thing is repbus have set the bar so low by trying to portray biden as some senile old man that they have shot themselves in the foot. I would say Biden is a somewhat average debater, maybe a little above. Most defiantly he far better then the charterer that republicans seem to have of him though.
Harris on the other hand is going to flay Pence alive. I would not be surprised if he leaves the stage in tears with the beat down he is going to get whenever the VP debate is.
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On September 29 2020 14:30 rei wrote:Show nested quote +On September 29 2020 14:15 Mohdoo wrote:On September 29 2020 14:12 rei wrote:On September 29 2020 13:26 TheTenthDoc wrote:On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year. Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next" Somewhere along the line, the billionaire class realized that if you are able to get politicians to defund the IRS, they will lack the capabilities of dealing with behemoth empires. The IRS lacks the capability to combat the legal armies of the rich. It isn't worth it for them to try to take out the big fish because they have been weakened such that they lack capability. ohh that's bullshit, IRS 100% got bought out, and they are in on this. They are the one who makes the rules, they are the government, if uncle Sam wants his money he will get his money, who and what are to prevent Uncle Sam from taking what he wants? laws and rights don't prevents the USA government from doing things they want to be done. There is no such thing as rights in the USA, all we have are temporary privileges that the rich grands, rights are not rights when they can be taken away at any time without wrong doing. edit: the government controls the banks if they really wanted to get their Tax money from the billionaires, they can freeze all their accounts, and take all the money. USA has shown time and time again that they are willing to violate people's rights and laws and do what they want to do, the fact that they don't take the tax money from these billionaires is because they got bought out long time ago, and these tax laws are just for show, so that they can have a fucking excuse to say "we tried our best, but they got teams of lawyers, nothing we can do".
You answered your own question. The IRS doesn’t target billionaires because they’re the ones who have the resources to muddy the waters enough to make it very time consuming to build a case against them AND have the resources to make it difficult to prosecute a case without suffering from retribution. That’s ignoring potential political connections as well.
Theoretically the IRS can probably weld a sledgehammer to billionaires but you’re going to end up having people like Trump scream about presidential harassment. It’s not a fight under resourced government agencies want to get into that will no doubt go into further legal courts. And for many billionaires, it isn’t even about the money but more about fucking with the government and showing that they’re powerful. It is no different from Trump spending more money than the goods and services bill on legal fees just to make the point that he doesn’t have to pay his contractors. It’s a huge waste of time when winning isn’t even guaranteed.
There is a reason the IRS goes for easy targets that don’t take a lot of effort. That’s poor people, who can’t obfuscate their taxes, and people who have a simple nailed and shut cases like Wesley Snipes, Martha Stewart and Nic Cage. People can’t cry harassment here, you stuffed up your taxes and you’ve got no way to get out of it.
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On September 29 2020 15:13 Shingi11 wrote: So i think the debates are going to be one of trumps last big places to turn things around. And the funny thing is repbus have set the bar so low by trying to portray biden as some senile old man that they have shot themselves in the foot. I would say Biden is a somewhat average debater, maybe a little above. Most defiantly he far better then the charterer that republicans seem to have of him though.
Harris on the other hand is going to flay Pence alive. I would not be surprised if he leaves the stage in tears with the beat down he is going to get whenever the VP debate is.
I hope Biden and Harris both look really good in the debates, but I'm skeptical that any Republicans will have the same perspective as I do. My guess is that Harris will be dismissed by conservatives as a token loud, sassy, black woman, and as long as Trump replies to all the questions with "that's fake news / MSM is the worst / I'm great / MAGA / Biden sucks", then he'll appear to do just fine on the debate stage (to his supporters). That's what he did last time against Clinton - never spoke about any substance and never tried to actually have a debate - and it ultimately worked out okay for him. No one expects him to have an intelligent conversation about anything, and he's not dumb enough to change his strategy from memes and tweets to actual answers, this late in the game.
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On September 29 2020 14:30 rei wrote:Show nested quote +On September 29 2020 14:15 Mohdoo wrote:On September 29 2020 14:12 rei wrote:On September 29 2020 13:26 TheTenthDoc wrote:On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year. Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next" Somewhere along the line, the billionaire class realized that if you are able to get politicians to defund the IRS, they will lack the capabilities of dealing with behemoth empires. The IRS lacks the capability to combat the legal armies of the rich. It isn't worth it for them to try to take out the big fish because they have been weakened such that they lack capability. ohh that's bullshit, IRS 100% got bought out, and they are in on this. They are the one who makes the rules, they are the government, if uncle Sam wants his money he will get his money, who and what are to prevent Uncle Sam from taking what he wants? laws and rights don't prevents the USA government from doing things they want to be done. There is no such thing as rights in the USA, all we have are temporary privileges that the rich grands, rights are not rights when they can be taken away at any time without wrong doing. edit: the government controls the banks if they really wanted to get their Tax money from the billionaires, they can freeze all their accounts, and take all the money. USA has shown time and time again that they are willing to violate people's rights and laws and do what they want to do, the fact that they don't take the tax money from these billionaires is because they got bought out long time ago, and these tax laws are just for show, so that they can have a fucking excuse to say "we tried our best, but they got teams of lawyers, nothing we can do". While IRS does have some rule making authority, your conspiratorial anger is far better directed at Congress, that’s who gets to set the rules that matter when it comes to pursuing the rich for taxes.
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On September 29 2020 19:13 farvacola wrote:Show nested quote +On September 29 2020 14:30 rei wrote:On September 29 2020 14:15 Mohdoo wrote:On September 29 2020 14:12 rei wrote:On September 29 2020 13:26 TheTenthDoc wrote:On September 29 2020 12:47 rei wrote:Ok, guys check this out, I went and read this New York Time article about Trump's tax return, one of the paragraph in the article says this Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlam I reading this correctly? He paid too much to IRS (5.2millions), and told IRS to hold those payments for future potential taxes? Then why are the media's talking point about him only paid $750? I mean, this is the New Yark Times article everybody had been talking about right? did they not read this shit correctly? or am I the dumb ass who didn't really understand what this paragraph is talking about? I'm fucking lost. You know how when filing you either get a refund or have excess tax due? And, if you get a refund, you can either have it applied to next year's taxes or have it reimbursed? Trump got a really, really big refund, in large part because of accounting that almost certainly did not match what he was telling investors and others, and decided to apply most of that refund to later years' potential taxes. A refund so big that for 2016 and 2017 he paid much less in taxes than a household making 50,000 dollars a year. Ok, now it makes more senses, So officially he owes only $750 to IRS, but decided that 5.2millions were pocket change, and let IRS keep it for now. But how can IRS fall for this bullshit? only $750? Who is the IRS worker who picks up Trump's return and says "seems legit, next" Somewhere along the line, the billionaire class realized that if you are able to get politicians to defund the IRS, they will lack the capabilities of dealing with behemoth empires. The IRS lacks the capability to combat the legal armies of the rich. It isn't worth it for them to try to take out the big fish because they have been weakened such that they lack capability. ohh that's bullshit, IRS 100% got bought out, and they are in on this. They are the one who makes the rules, they are the government, if uncle Sam wants his money he will get his money, who and what are to prevent Uncle Sam from taking what he wants? laws and rights don't prevents the USA government from doing things they want to be done. There is no such thing as rights in the USA, all we have are temporary privileges that the rich grands, rights are not rights when they can be taken away at any time without wrong doing. edit: the government controls the banks if they really wanted to get their Tax money from the billionaires, they can freeze all their accounts, and take all the money. USA has shown time and time again that they are willing to violate people's rights and laws and do what they want to do, the fact that they don't take the tax money from these billionaires is because they got bought out long time ago, and these tax laws are just for show, so that they can have a fucking excuse to say "we tried our best, but they got teams of lawyers, nothing we can do". While IRS does have some rule making authority, your conspiratorial anger is far better directed at Congress, that’s who gets to set the rules that matter when it comes to pursuing the rich for taxes.
Also, it's mostly not the rules that are the problem here. The ultra-rich have rules. They are simply not following them, and nobody enforces them. Whether that is the IRS's job or the FBI white collar unit's job... doesn't really matter as they have both been completely gutted.
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Indeed, It's a mix of both, but even the most thorough, well-implemented rules are useless if no one enforces them, and IRS has been a bipartisan punching bag for decades now. The last time it was encouraged to really go after the wealthy was probably under LBJ lol
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Also the big problem is dealing with passive activity losses, which is an incredibly murky area that is incredibly difficult to audit properly.
Trump, being a real estate developer, deals in this area and it’s no surprise his tax returns are so full of garbage even if we ignore the sheer amount of debt the man himself is holding onto. It’s so murky that I believe that the IRS sends the casework to specific people who are much more skilled at properly auditing creative accounting of this sorts.
You need proper backing to deal with this sort of stuff, Congress evidently doesn’t really care lol.
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https://amgreatness.com/2020/09/28/new-poll-biden-leads-trump-in-tight-florida-race-trump-ahead-with-hispanics/
Trump outperforms Biden with Hispanics with 43 percent viewing him favorably compared to 40 percent for Biden. And Trump is winning more Hispanic support than Biden, topping him 45-43 percent. This is consistent with a Nevada poll released over the weekend by the Center for American Greatness and with Florida polling conducted by NBC News.
Reminder: It is completely and totally ridiculous to lump "Hispanic" voters into a single group. We are not remotely cohesive. Tons of racism within south america directed inwards. Cubans in particular are extremely distinct and the least "connected".
User was warned for this post.
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That’s true even among folks from different states of Mexico
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