Backintheday544
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Posts posted by Backintheday544
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24 minutes ago, Over 29 years of fanhood said:
fair share!!
https://www.cnbc.com/2019/08/06/joe-biden-used-this-strategy-to-trim-his-tax-bill-you-can-too.html
Total fraud.
Why the sheep keep defending their puppet master who got rich of of all of us, who wants to steal more money from wage earners and who simultaneously play all the games to reduce their own tax bill while making millions from shady corporations.
fair share 🙄
We went into this in the other thread. It’s dumb and you have no idea what you’re talking about or looking at with this.Theres no fraud and the Biden’s most likely relied on their accountants to determine reasonable wages.
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2 hours ago, Over 29 years of fanhood said:
And why on earth would mr fair share millionaire need to amend that return once he decided he was running for President ?
He’s a fraud. they all are.
You can look at page 14. It tells you right there.There was a charitable deduction that was double deducted and a W-2 that was missed.
The changes led to him paying $1,666 more dollars on top of the $3,738,323 he already paid for that year.
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2 hours ago, Over 29 years of fanhood said:
Well for starters why is multi millionaire fraud fair share guy’s taxes for 2017 dated 2019?? What a fraud…
multimillionaire “public servant” getting wealthy off of the American people and his power over them.
It’s start to feel like a competition lately to out worse the last guy.
It’s an amended return. The original was filed timely. -
On 9/24/2021 at 6:37 PM, T master said:
Well another week and another CF by the man in charge trying to make those doing their jobs by the laws in place to keep our country free of illegal immigrants & free loaders by keeping people from coming into our country illegally look as if those upholding the law are the bad guys .
This guy wouldn't know the truth if it came up and slapped him in the face he's a embarrassment to what use to be known as "Truth , Justice & The American way" !
He chastises the border patrol officers that are doing their job to keep people from coming in to the country illegally and says they are a disgrace and puts them on administrative duty until the investigation is complete in to this incident saying they will pay .
They say one had a whip which is total BS they were the reigns of which they had on the horse they will use any BS story to make the agenda the way they want to look correct. A photographer that was there even said that there was no one whipping the Haitians but a eye witness account means nothing to them only what they want us to believe .
This entire thing goes right along with the ignorants of defunding the police now he doing it to the border patrol . Will true justice ever be the same . I always return to Isaiah 5:20 it is exactly what they are trying to do make things look the opposite .
This Pres. lies all the time not only with this but when on TV saying that "if you get the vaccine you can't get the virus" And just about every thing he has said on most every other subject he has made up some kind of BS or reverted to the old stand by like a lot here do "It was Trumps fault" and we wonder where they get it from they are lead by example .
Then the VP is relating this to slavery (SURPRISE) OMG Really go back under your rock . Maybe if she would have went to the correct border in the first place and put forth a little effort this would never have happened BUT NOOOO !!
It's only been a mere 9 months now and it seems as if this guy has been in for 3 yrs or at the very least he has screwed up enough stuff and lied about enough to make it seem that long and the thought of other Pres. being bad 🙄 just give it time this guy will prove himself to be the worst & will surpass all others 10 fold !!
Oh and today i heard how in 2017 & 2018 Joe and his wife made like $13 million in speaking engagements and skirted around the tax code and only claimed $800K for the year all while he try's to pass a tax increase so the rich can pay their fair share boy is that talking out of both sides of his face or what this guy is a piece of work !!
But that's okay because he's a politician and they don't have to live by the laws they sit around and dream up for the rest of us ...
Here’s Biden’s 2017 return:https://s3.amazonaws.com/pdfs.taxnotes.com/2019/J_Biden_2017.pdf
Please point to where he skirted the law?
You will want to check out pages 23 and 49. I’d suggest reading IRC 162 and check out the Watson case.
Heres a link to the Watson case for you: https://www.courtlistener.com/opinion/623171/david-e-watson-pc-v-united-states/
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Like Trump DeSantis bouncing checks:
When dozens of Florida teachers tried to cash their state-issued $1,000 bonus checks this week, they got a startling response: “insufficient funds.”
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33 minutes ago, SoCal Deek said:
Everybody has seen Nancy’s ‘insurrection’ side of the story. Virtually nobody has seen the footage where people are just standing around inside the building. I’ll never forget the video from the next day showing the guys in the House chamber being very respectful and calmly talking with the officer. Insurrection my arse!
So if the Bills win the Super Bowl and there are riots in Buffalo but there’s videos of some fans acting good, that should excuse the acts of the people who rioted? -
26 minutes ago, SoCal Deek said:
So it’s your position that the footage was doctored? Really counselor? That’s your case?
I took no position there. I just shared a link to a news story that those in the right may not see through their usual news sources.11 minutes ago, Doc said:Now do last year‘s riots, Trev.
I believe there is a thread on other riots. You should share these thoughts there and stay on topic about the 1/6 riot. -
Just now, Over 29 years of fanhood said:
Talk crap? So Joe fair share paid all the taxes he owed or hasn’t? Seems like a pretty simple question…. For an expert
Yea. Unless you can look at his return and show he didn’t pay himself a reasonable comp then yes.If you want to say Biden hasn’t paid his fair share, I’ve said how to prove it. Go to Sch E. Look what S Corps are there. Then look at his Schedules of W-2s. You will match those up. After you do that day which one isn’t reasonable comp.
Im telling you how to prove your point and you’re not doing it.
So yes unless you do the above you’re talking crap. I’m done talking until you do the above because that would prove or disprove your assertion.
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2 minutes ago, Over 29 years of fanhood said:
You’re cute. What your outlook on M2 velocity?
You live in Tonawanda and think Buffalo is the center of the universe? Am I close?
Live in VA outside of DC wouldn’t be caught near that mess of Buffalo.
You’ve yet to show you know crap about tax law. So to end this convo, don’t talk about crap you don’t know. If you want to know about it, I’d be glad to give you resources to get the basics down.
Just now, Doc said:
Does it matter? He’s not “paying his fair share,” right? Which makes him a hypocrite, right?
Doc: Hey Im mad about thisPeople: why
Doc: I don’t know!
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1 minute ago, Over 29 years of fanhood said:
The difference between Avoidance and evasion is a political construct. You’re green on this topic kiddo. I’m quoting fed AG folks from a patio party yesterday. You’re out of your league bud.
Awww that’s cute. It’s not. It’s a legal construct. When your neighbor under reports $100,000 of income no one gives a sh$t what his political party is.-
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4 minutes ago, Over 29 years of fanhood said:
You may as well work for Trump. Same scum different master.
And to address another issue here. Republicans are awesome. Dems are awesome.My client base is intelligent and good business people from both sides. They’re not dumb asses that keep talking about things they don’t know.
They have a question about something they don’t know, like avoidance vs evasion they ask me and they rely on my advice. They don’t try to force an opinion on what they don’t know like you’re doing
Just now, Doc said:
LOL. So when Joey talks about the rich and corporations “paying their fair share” while he uses S corps to reduce his tax burden in his speaking fees and book deals…
Way to jump in late. How does he do that? -
Just now, Over 29 years of fanhood said:
You may as well work for Trump. Same scum different master.
no I would never sign off on the fringe benefit evasion they have.I wouldn’t hire a Manafort that omits income.
Plus more. Again, you don’t understand the difference between avoidance and evasion and Thats ok. We can infer what we want about you and why you don’t have that financial literacy.
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Just now, Over 29 years of fanhood said:
Yes and stressing nuance here says everything about you.
There’s no nuance there. One is using the laws presented to you to reduce a tax burden. The other is outright cheating the tax system.Avoidance is using say purchasing assets on 12/30 to use IRC 179.
Evasion is paying for employees fringe benefits like school and not calling it a fringe benefit.
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2 minutes ago, Over 29 years of fanhood said:
just to confirm you infer you are a democrat who professionally helps affluent people reduce tax burden?
😂
Tax avoidance and tax evasion isn’t the same thing. If you don’t understand that, it says a lot about you.-
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6 minutes ago, Over 29 years of fanhood said:
So you think his handlers committed tax fraud? Honestly I see a lot of words but I gravitate towards more deliberate and concise experts. The ones that bloviate tend to underperform in my experience.
joe didnt pay taxes he should have, no?
shameful for a wealthy guy saying wage earners aren’t paying their fair share…
I don’t think anyone committed tax fraud.There is nowhere that says Biden hasn’t paid taxes he shouldn’t have. I told you how to prove your case. Go to Biden’s tax return that you can access online. Go to Schedule E and you can see his S Corps. See the statements of the return to see his W-2 wage for each S Corp. Then for each one tell me why what he paid himself isn’t reasonable comp.
That will establish Bide
didn’t pay his fair share. Still
wont trip tax evasion but it gives you a start.
I’ve provide the link so you can do that. If you can’t then shut up about this. You don’t know what you’re talking about.
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2 minutes ago, Over 29 years of fanhood said:
You should check out his 2.7 million dollar beach house he bought as a career politician. It’s sweet. I think it’s his third or fourth home if I’m not mistaken.
So you are pro s Corp Tex evasion if you like their political party?
And yeah anything that puts half a million dollars in tax obligation in a state of ambiguity is a loophole
Dude you have 0 idea what you’re talking about and it’s becoming embarrassing.Yea he has a big house but you can look at his income as see where he earned the income.
You have 0 idea what the word
evasion means in taxes. So stop.None of its evasion. If we ever saw trumps return if there wasn’t an S Corp I would be surprised. Plus it’s not like some hidden thing. I have a client that is a dog groomer that has an S Corp. plus a ton of others.
Let me break down law for you vs your idiot pages. If this was tax evasion you’d have to show 1) mens rea, there is none because he is probably relying on people to tell him reasonable cause… 2) well any prosecutor would drop the case there.
Just cause you read something and you get angry doesn’t mean you should post about it. If it’s about tax ask me. If it’s about something else I’m sure there is a poster here who can provide proper context.
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1 minute ago, Backintheday544 said:
He’s not pursuing loopholes. Having an S Corp isn’t a loophole. It’s one of the most common business entities out there.
You do make a good point about accessibility to President Tax returns.here you can go here:
https://www.taxnotes.com/presidential-tax-returns
You can see a ton of Biden’s returns. Look at Schedule E page 2. That will show you his S Corps he owns.
you can reconcile that to his W-2 wages and see what income he brought in from the S Corp vs what he gave himself as a W-2 wage.
Thats the cool thing about releasing tax returns.
So check those out yourself instead of spewing right wing media and what’s your opinion?
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Just now, Over 29 years of fanhood said:
Why didn’t he just pay his fair share instead of pursuing all these loopholes. Isn’t the message just a little confusing?
He’s not pursuing loopholes. Having an S Corp isn’t a loophole. It’s one of the most common business entities out there. -
1 minute ago, Over 29 years of fanhood said:
Sure, because you’re the one taking the subsidy not providing the subsidy. Of course you’d see it that way.
So in a lot of words, career politician Joe made a bunch of money talking because he’s a politician and didn’t pay his fair share?
ok
No not at all. He would have talked to his tax people to set a reasonable comp. he would have relied on them that that’s reasonable comp.Reasonable comp is basically what would someone else pay me to do what I’m doing. No client I have can answer that usually. We have to do studies and such to figure that out. I’d guess he also did.
If he did have say and he did chose a small wage to save on Medicare (which you can actually see since he provided his tax returns unlike other presidents). It’s not evasion and no one has ever faced evasion charges for that.
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1 minute ago, Over 29 years of fanhood said:
I’m not a tax attorney… so my own words are I saw mr “fair share” apparently didn’t pay his.
Well, I can break it down and tell you why it’s dumb.Basic issue is Biden is running speaking fees through an S Corp. S Corps have a requirement that you need to pay a reasonable wage to the owner for their work.
So the issue of evasion (from what I’ve read) is Biden hasn’t paid himself a reasonable wage.
TIGTA did an audit of the IRS a couple years ago. For returns the IRS audited for S Corps they found the IRS allowed reasonable comp on average of $3,000 (rounded) and $300,000 of distributions (rounded).
So the evasion argument is Biden is saying his S Corp wage is less than reasonable comp and the difference between reasonable comp and what he said was reasonable comp caused unpaid Medicare.
In actual practice most people just max out SS on S Corp wages and call that reasonable comp since most jobs don’t pay more than about $150,000.
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1 minute ago, Doc said:
They lost thx to Wuhan virus. That won’t help next time.
Biden was leading polls vs Trump prior to COVID 19 -
5 minutes ago, Doc said:
Your cult has to stop beating yourselves over your heads first. Doesn’t look like it’s going to stop anytime soon.
His cult is winning. His cult is winning so much his cult gets the other cult to pay $6 million so they can lose worse. -
3 minutes ago, Over 29 years of fanhood said:
By the way what is your thought on Biden’s tax evasion. He’s been talking about fair share so much I was shocked to see he evaded taxes
Id love for you to explain in your own words this evasion. -
3 minutes ago, Over 29 years of fanhood said:
with all due respect to the Republicans on the board here who tend to be much more pleasant, it’s a disaster.
they have imo 1 talking point right despite their actual behavior, and that is the federal government is to big, expensive, ineffective, corrupt, bloated and overpriced. The problem is they are part of it too.
You didn’t even stop by and say hi?
400k? hope They are ok paying more taxes than Bezos… for some reason those ‘wealthy’ aren’t impacted by the proposed tax law. 🤔I’m assuming you are agreeing the Republican childish behavior is a disaster.
A large part of the debt is bi-partisan bills like the CAREs Act or Republican bills like TCJA. $0 of the debt is from the dem reconciliation bill that has yet to pass.
The Republicans are just trying to eat up one of the Dems reconciliation bills. And this is for something no one cared about and always passed before the tea party for one go around and after that the devastation on the economy was so great they didn’t mess with it again. Dems with Trump just passed it 3 times.
Highest inflation since...
in Politics, Polls, and Pundits
Posted
Read the article. B-Man does all this work to curate content you should at least read it:
1. “It came as White House statistics last week revealed that a surge in meat prices is responsible for half of the price increase for food at home since December 2020.” so the answer to 1 is meat.
2. “The statistics for August's CPI are expected to be released this week. ” You resurrected a 2 week old post so August CPI is out now.