The First Biden Term

For stuff that is general.
TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Thu Oct 14, 2021 3:09 pm It won't hurt Jeff Bezos. He won't pay another penny.

An industrious 16 year old girl babysitting her ass off will now suddenly be paying "her fair share."

It's evil.
eye roll
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The First Biden Term

Post by GORDON »

600 is the threshold. That isn't to snag the wealthy.
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TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Thu Oct 14, 2021 3:18 pm 600 is the threshold. That isn't to snag the wealthy.
Yes, normal people routinely deposit $1,000 into their accounts.
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TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Thu Oct 14, 2021 3:09 pm It won't hurt Jeff Bezos. He won't pay another penny.

An industrious 16 year old girl babysitting her ass off will now suddenly be paying "her fair share."

It's evil.
The whiners won, Biden admin backed down.
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The First Biden Term

Post by GORDON »

link
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TheCatt
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The First Biden Term

Post by TheCatt »

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Post by GORDON »

The IRS would collect the total sum of deposits and withdrawals from bank accounts with more than $10,000 in non-payroll income. Information on individual transactions would not be collected.
That'll still snag the scofflaw babysitters, and the illegals being paid under the table. Pay the bills by way of fucking the poor. It's easier because they can't afford lawyers during the audit. Maybe they can go to prison with Wesley Snipes.
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TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Tue Oct 19, 2021 7:39 pm
The IRS would collect the total sum of deposits and withdrawals from bank accounts with more than $10,000 in non-payroll income. Information on individual transactions would not be collected.
That'll still snag the scofflaw babysitters, and the illegals being paid under the table. Pay the bills by way of fucking the poor. It's easier because they can't afford lawyers during the audit. Maybe they can go to prison with Wesley Snipes.
Babysitters make $10,000 a YEAR? wtf?
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Post by Leisher »

TheCatt wrote: Tue Oct 19, 2021 8:12 pm
GORDON wrote: Tue Oct 19, 2021 7:39 pm
The IRS would collect the total sum of deposits and withdrawals from bank accounts with more than $10,000 in non-payroll income. Information on individual transactions would not be collected.
That'll still snag the scofflaw babysitters, and the illegals being paid under the table. Pay the bills by way of fucking the poor. It's easier because they can't afford lawyers during the audit. Maybe they can go to prison with Wesley Snipes.
Babysitters make $10,000 a YEAR? wtf?
To be fair, the babysitter Tiger Woods married was worth millions, then half a billion, and now a billion plus again.

And those babysitters on YouPorn can't be cheap... :D
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Post by GORDON »

I know two who make 10k.
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TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Tue Oct 19, 2021 9:27 pm I know two who make 10k.
Sure hope they're paying their taxes.
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Post by GORDON »

That's been apparent.
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Post by Leisher »

Ds want to create a "wealth tax".
“I think what's under consideration is a proposal that Senator Wyden and the Senate Finance Committee have been looking at that would impose a tax on unrealized capital gains, on liquid assets held by extremely wealthy individuals, billionaires. I wouldn't call that a wealth tax,” Yellen told Tapper in a separate interview.
She's right. It shouldn't be called a wealth tax. It should be called the fucking insane tax.

I really, really, really want the rich to pay their share and not have loopholes, but you can't tax people on money that doesn't exist.
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TheCatt
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The First Biden Term

Post by TheCatt »

Leisher wrote: Mon Oct 25, 2021 3:51 pm but you can't tax people on money that doesn't exist.
It exists. They're certainly able to use it.

And if we don't tax it (which I don't really support), then we should remove step-up basis on death, so it does get taxed eventually.
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Post by GORDON »

Leisher wrote: Mon Oct 25, 2021 3:51 pm a tax on unrealized capital gains


Doesn't that suggest a tax on value, and not income?

If your house goes up 100k in value, you now owe 20% of that increase?
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TheCatt
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The First Biden Term

Post by TheCatt »

GORDON wrote: Mon Oct 25, 2021 4:04 pm If your house goes up 100k in value, you now owe 20% of that increase?
Well, there's a $500k exclusion for houses today, for MFJ, $250k for singles.'

But this tax only is targeted to billionaires, today.
Democrats are eyeing a tax on people with $1 billion in assets or those who have brought in $100 million in income for three consecutive years, a person familiar with the discussions told The Wall Street Journal.
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Post by Leisher »

“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
TheCatt
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The First Biden Term

Post by TheCatt »

Looks like even the $10k reporting will die.
A plan to have banks report cash flow information to the IRS for accounts with more than $10,000 in non-wage deposits was no longer under serious consideration, CNBC’s Kayla Tausche reported Wednesday, citing three sources familiar with the matter.
Article

I honestly hope this bill just dies completely. But I'm sure the Dems will salvage just enough to fuck up my retirement stuff.
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The First Biden Term

Post by GORDON »

It can still sneak in buried as a rider.
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TheCatt
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The First Biden Term

Post by TheCatt »

$3.5T bill... $2.0T bill.... now a $1.75T bill
The White House was expected to lay out specifics of the plan later Thursday morning, and even many Democrats remained in the dark about the exact contours of the agreement in the hours ahead of its unveiling.
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