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Message started by justin_o_guy2 on 09/20/21 at 05:41:10

Title: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/20/21 at 05:41:10

You Biden supporters piss me OFF..

Biden administration is pressuring lawmakers to enact a controverisal plan requiring banks to turn over to the Internal Revenue Service detailed information about inflows and outflows of almost all American bank accounts.

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig sent letters to lawmakers this week asking Congress to include in tax hike legislation a requirement that banks report annual transaction data on accounts with $600 or more or that have $600 worth of transaction over the year, the Wall Street Journal reported.

The result would be the collection of detailed data about the bank transactions of tens of millions of everyday Americans.

The aim is to help the I.R.S. collect taxes from individuals and businesses on unreported income and to create more leads for audits.

The Biden administration claims the additional information would


TYRANNICAL not a very nice person BIDEN SUCKSASS

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 07:10:45


 Unreported income is a crime.

 The solution is to broaden the unreportable income permissions, not complain that the IRS is doing it's job.

 

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/20/21 at 07:55:48

Wow..

So because unreported income is a crime
Keeping tabs on your checking account is somehow okay?
Seriously?

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/20/21 at 07:55:51


Quote:

634341495443260 wrote:
 Unreported income is a crime.


Yea it is.


Quote:

634341495443260 wrote:
  The solution is to broaden the unreportable income permissions,


The solution is not,
making a Bank report for,
$600.00 a Year in transactions.
(Those Ocean Front lots just outside Denver.
sold very quickly.
Next time I get some,
I will save them just for you)




Quote:

634341495443260 wrote:
   not complain that the IRS is doing it's job.  


It's not complaining about a agency doing it's job,
    (Like BLM complaining about the Police)
It is all about a Crooked, Dishonest, Mush for Brains, Puppet,
TELLING a agency,
what, 'he', want's to do.

        What is that again,
the SAME group of people YELL,
"...choice, Choice, CHOICE..."
about what to do with a female human body.

And also Yell,
"...you must, You Must, YOU MUST..."
about putting something in your body.







Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 08:30:26


"So because unreported income is a crime
Keeping tabs on your checking account is somehow okay?
Seriously?
"

 
 That's not what the actual document says but since when have we used the real information over someone else's talking points?

 Aggregated numbers would be provided to the IRS annually.  This is not equivalent to spying on your checking account in my perspective.

 Plus if you choose to use an FDIC bank the US Government will be involved.  Such as the already required reporting from your bank on  Form 1099-INT, Form 1099-K, among others.  I don't know where this idea that your banking is somehow kept from the Government comes from.  

 There are procedures needed to access individual account information, but the proposal that is being addressed here does not do that in the way you are making it sound.

 

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/20/21 at 08:35:24

Such as the already required reporting from your bank on  Form 1099-INT, Form 1099-K, among others.  I

Wrong to begin with, but I'm the guy who still believes letting the government demand we wear seatbelts was a screwup.


Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 08:35:34

"The solution is not,
making a Bank report for,
$600.00 a Year in transactions.
(Those Ocean Front lots just outside Denver.
sold very quickly.
Next time I get some,
I will save them just for you)"



 It's a better solution, for the IRS, than the none that exist now.  How is providing more information not beneficial?

 
"It is all about a Crooked, Dishonest, Mush for Brains, Puppet,
TELLING a agency,
what, 'he', want's to do."


 You are describing an Executive Order.  This Proposal is following the standard enactment process.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 08:36:26


Wrong to begin with, but I'm the guy who still believes letting the government demand we wear seatbelts was a screwup.

 Then don't use an FDIC bank.  You are free to do that.

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/20/21 at 09:23:49


Search
Community banks must engage customers on new IRS reporting mandates
By Rebeca Romero Rainey

If community bankers weren’t busy enough continuing their heroic economic response to the pandemic, a recent proposal to impose new IRS reporting mandates on customer bank accounts has become a major advocacy priority.

To counter the plan, community bankers and their customers should weigh in directly with their members of Congress to voice their opposition—and ICBA offers resources to help.

The Plan
The proposal would require financial institutions to report information on customer bank accounts to the IRS. This would be an enormous burden on the community banks required to furnish this information and a breach of their customers’ privacy.  

Specifically, the proposed fiscal 2022 budget would require banks and other financial institutions to report to the IRS on the deposits and withdrawals of all business and personal accounts with a balance of more than $600.


That is everywhere. If it's wrong, correct it.


As for your flippant little
Go to a non fdic  bank,, that is bullshit.
What happened to America?
Unreported income is a crime..
The CRIME is
Unreported income being such a big deal that someone having a garage sale and making a hundred bucks is a problem. You Know this is not reasonably.
What happened to the fourth amendment?
You like the surveillance state,do ya?

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/20/21 at 09:48:45


Quote:

725250584552370 wrote:
  Then don't use an FDIC bank.  ... '.

Be patient Grasshopper,
As soon as I get some Ocean Front Lots,
just outside of Denver,
I will contact you.


Let's see;
"...  House Democrats believe the change will generate about $8.4 billion over 10 years ..."
"... Congress and Biden just agreed to spend $1.9 trillion the country doesn't have, but don't you dare forget to pay taxes on the few hundred bucks you made selling your old junk on eBay. ..."




Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 10:09:58

Search
Community banks must engage customers on new IRS reporting mandates
By Rebeca Romero Rainey


 Notice some of the methods to address this look very similar to what I said the first time.  


As for your flippant little
Go to a non fdic  bank,, that is bullshit.


 Then use an FDIC bank, I don't care.  Bottom line is if you use a bank that gives you the protections of the US Government you then must engage to a degree with the US Government.  It's like complaining about paying taxes and also using public roads.  You don't want the Government in your finances, put them somewhere else, or stop using US currency.


 
"What happened to America?
Unreported income is a crime..
"

 This can't possibly be a new information to you.  It's been this way for a long time.


"The CRIME is
Unreported income being such a big deal that someone having a garage sale and making a hundred bucks is a problem. You Know this is not reasonably.
"

 I didn't say it was a big deal, I said it was a crime.  Fight that issue instead of complaining inaccurately about this proposal.



What happened to the fourth amendment?
You like the surveillance state,do ya?


 Again, if you used the actual document and wasn't listening to manipulated information maybe you would know and be pissed off about the real issue and not what you are complaining about.

 Aggregate data.  Deal with that instead of complaining about the 4th that doesn't apply because the Proposal doesn't ask what you think it does.  Should data collection link directly to tax liability?  Yes.  Is this Proposal violating that?  No because that regulation/law does not exist... yet.  

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/20/21 at 10:29:55


Quote:
"... Unreported income being such a big deal that someone having a garage sale and making a hundred bucks is a problem. ..."


Well it MUST be Bigger than the problem of  spending 22 to 132 BILLION of tax dollars, (according to many estimates), on Illegals each year.

It MUST be bigger than the problem of  spending 100 - 145 BILLION of tax dollars on the Drug War.  (Longest WAR in the US Ever).

It must be bigger than the problem of tax payers spending on ...

Never mind.
Anybody with a brain can see it has NOTHING TO DO WITH, saving money.
And everything to do further sliding down the slope.







Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 11:09:16


Well it MUST be Bigger than the problem of  spending 22 to 132 BILLION of tax dollars, (according to many estimates), on Illegals each year.

It MUST be bigger than the problem of  spending 100 - 145 BILLION of tax dollars on the Drug War.  (Longest WAR in the US Ever).



 I imagine this is why they want banks to do it.  The majority of cost and manpower will be done by bank assets and staff.  Placing a regulatory burden, that has associated cost, is always best left to the person held accountable.  This is why Proposals have to be scrutinized so much.

 I think it does have to do with money more than outright control, because they can already see what is in our bank accounts, just not as easy.

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/20/21 at 13:23:14


5474767E6374110 wrote:
" ... because they can already see what is in our bank accounts, ..."

Who is 'they' ?

Is it Alexi & Siri, ?
It it a banker at one institution,
who can see your account at another bank ?
Is it Credit Card Companies ?
Is it Amazon, Best Buy, Firehouse Subs ?
Is it your next door neighbor, your preacher, your car mechanic ?

Or is it some government entity ?
And if so, what exactly is the need,
for what 'Mush for Brains',
want's to do ?

Other than hopping on his sled,
and sliding down the slope.

        (With a Ice Creme Cone, of course !)









Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/20/21 at 13:45:17

"Or is it some government entity ?"

 What is "Some" government entity?

 Is it the Dept of State?
 Is it the Bureau of Land Management?
 Is it the Dept of Energy?
 Is it the Coast Guard?
 Is it the American Battle Monuments Commission?



"Who is 'they' ?

Is it Alexi & Siri, ?


 No


It it a banker at one institution,
who can see your account at another bank ?


 No.


Is it Credit Card Companies ?

 No


Is it Amazon, Best Buy, Firehouse Subs ?

 No.


Is it your next door neighbor, your preacher, your car mechanic ?"

 No.


"Or is it some government entity ?
And if so, what exactly is the need,
for what 'Mush for Brains',
want's to do ?"


 Yes.  It is outlined in the Proposal and associated references.

 

Title: Re: Really? Trump was a bad guy?
Post by WebsterMark on 09/21/21 at 04:58:13


687771766B6C5D6D5D65777B30020 wrote:
You Biden supporters piss me OFF..

Biden administration is pressuring lawmakers to enact a controverisal plan requiring banks to turn over to the Internal Revenue Service detailed information about inflows and outflows of almost all American bank accounts.

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig sent letters to lawmakers this week asking Congress to include in tax hike legislation a requirement that banks report annual transaction data on accounts with $600 or more or that have $600 worth of transaction over the year, the Wall Street Journal reported.

The result would be the collection of detailed data about the bank transactions of tens of millions of everyday Americans.

The aim is to help the I.R.S. collect taxes from individuals and businesses on unreported income and to create more leads for audits.

The Biden administration claims the additional information would

TYRANNICAL not a very nice person BIDEN SUCKSASS


This is another mechanism of control. If this goes through, 5 years from now, if someone holds a garage sale and sells off a lot of cool old stuff they’ve collected over the years and deposits $3500 dollars, they’ll get a letter from IRS asking for an explanation along with a note they may be liable for taxes.

We need a revolution.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/21/21 at 05:58:08


"This is another mechanism of control. If this goes through, 5 years from now, if someone holds a garage sale and sells off a lot of cool old stuff they’ve collected over the years and deposits $3500 dollars, they’ll get a letter from IRS asking for an explanation along with a note they may be liable for taxes."

 
 They are liable for taxes.  If they choose to commit a crime by not reporting that income the IRS "should" notify them.  

 The issue is if the income is below the payable threshold.  If people shouldn't pay taxes for earned income at garage sales we need to legislate that, not complain that a Federal Agency isn't willing to break the law.

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/21/21 at 07:00:10


Quote:

7050525A4750350 wrote:
 
 They are liable for taxes.  ...


Awesome when you Spin
   by not providing ALL the information on a subject.
Something you do on a regular basis,
  when you berate other people for not providing information.


Quote:
“ … They are liable for taxes … “  


Forget to mention, how they got that thing ?
They paid for it with money, they have paid taxes on.
And they most probably paid even more for that thing, by a ‘sales tax’.


Quote:
“ … a letter from IRS asking for an explanation … “


Then perhaps that letter should say.
‘I paid 50.00 for that, with Taxed money from my  Job.
also paid sales tax on it.
I sold it for 20.00.
Now you want to tax that 20.00 AGAIN !'

Then,
Gee Wally, how can someone forget a simple thing like ‘Capital Gains’.

Everyone that posts here,
has a opinion of the other people,
and how left/right of center they are.

I used to think you were just a bit left of center.
With your last several posts,
I believe, (and that is I, just I, with the exclusivity of I)
You are very left of center.


Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/21/21 at 07:35:10

Let’s see.
I sell something for 500.00 at a garage sale/flea market/in a store/ on consignment.

Some people believe I should be taxed for all 500.00,
(so illegal aliens/illegal drug users/lazy/etc people,
AND politicians like AOC can STUFF their pockets)



So I pay 100.00 for wood,
(With Already Taxed Money)
100.00 for paint/stain/sandpaper/brushes/etc.
(With Already Taxed Money)
Then have bought a saw/drill/etc, 300.00 of tools,
(With Already Taxed Money),which are added up and deprecated.

So my NET, (my labor which is not taxed) is 200.00.
200.00 is taxed !!!!!

BUT, WAIT !
A person who bought a shirt for their baby for 10.00 (With Already Taxed Money)
now sells it for 1.00 at a garage sale.
The IRS (according to what some people want)
will jump out from behind the cars !!!!!!!!!!!

Yep, it won’t happen overnight,
but when people say:
“… that regulation/law does not exist... yet …”

Make sure you get out those sleds,
     (and Ice Creme Cones)



Title: Re: Really? Trump was a bad guy?
Post by Serowbot on 09/21/21 at 08:12:28

You don't understand capital gains at all.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/21/21 at 13:20:59

"You don't understand capital gains at all."

 Yeah I'm not even going to bother with going over how many things are wrong in his posts.  

 I said they are liable for taxes.  He acts like I said they are liable for 100% of income.  Bottom line is most people take the "Standard Deduction" because they don't want to itemize every purchase and expense.  Go ahead, do it how you want, and ignore that my point is we get further adjusting tax law than we do complaining that the IRS won't ignore law.

 Stop asking the IRS to look the other way and instead change law so they don't have that power over you.





Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/21/21 at 13:23:46

Everyone that posts here,
has a opinion of the other people,
and how left/right of center they are.


 I could care less.  Political affiliation has little to do with tax law and how accurate that interpretation is.  


I used to think you were just a bit left of center.
With your last several posts,
I believe, (and that is I, just I, with the exclusivity of I)
You are very left of center.


 Ok.  I as I have said before, do not think a Center exists.

 I agreed with JoG about the nexus of IRS data collection but since I am not willing to just complain about it, and not willing to ignore the inaccurate portions it is treated like I am Pro-IRS data collection.

 This is the same nonsense all over again.  I debate the accuracy of one portion and people act like I am saying the IRS should be able to collect our financial data.  

 Acknowledging law is not equal to agreeing with it.

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/21/21 at 14:44:34

The Little Guy has watched the honorable elite find their way to MILLYUNZ of dawlurz  in net worth while making government paycheck money.
And NOW these fukkers want to sniff up our skirts to See if We are breaking a fukking LAW??
If they don't actually Want a revolution, they sure are sending mixed messages.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/21/21 at 15:10:51


And NOW these fukkers want to sniff up our skirts to See if We are breaking a fukking LAW??
If they don't actually Want a revolution, they sure are sending mixed messages.


 Except its not individual account surveillance, but you won't read the actual Proposal so I'm not going to bother trying to explain because I will just be told I'm wrong, even though the evidence won't be looked at.

 Just because I don't think your perception is accurate does not mean I am pro-IRS data mining.  it just means I think if we are going to fight for something we should know what it is we are fighting against.  

 My question is why on earth are you operating under the expectation that any Government agency is going to operate under the procedure that they ignore law.

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/21/21 at 15:14:35

It's not like that and you know it.

Ignore what I said, man,
LOOK at the brilliant investors who are the princes and princesses of America.
They want to hold the little guy to a standard of Absolute Perfection while they ignore the crooks in DC.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/21/21 at 15:25:19

Ignore what I said, man,
LOOK at the brilliant investors who are the princes and princesses of America.
They want to hold the little guy to a standard of Absolute Perfection while they ignore the crooks in DC.


 Obviously a larger amount of resources should go to collecting larger amounts of money.

 If you can point to me the actual allocation of IRS resources towards "average" income Americans versus "high" or "highest" income Americans I would be happy to look it over, run it past some analysts and statisticians to see if improvements could be made.

 But what you provide is an inaccurate assessment of what this Proposal is making.  So I choose not to assume that this Proposal re-allocates resources away from higher yield tax collection to go after "the little guy" unless I see a reason, or evidence.  Instead I will use the actual words in the Proposal and the actual words in the article you referenced and say that those procedures will work better.

 To go fighting the Proposal using the "ignoring" of crooks in DC will go nowhere.  

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/21/21 at 16:05:51

Excellent
America is working out great

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/21/21 at 17:26:12


5B4D5A475F4A475C280 wrote:
You don't understand capital gains at all.


Tell ya what.
You do what you believe you should do.

Don't worry about me,
I got me covered !

;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
;D ;D ;D ;D ;D ;D ;D ;D ;D
;D ;D ;D ;D ;D ;D ;D ;D
;D ;D ;D ;D ;D ;D ;D
;D ;D ;D ;D ;D ;D
;D ;D ;D ;D ;D
;D ;D ;D ;D
;D ;D ;D
;D ;D
;D







Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/21/21 at 17:30:27


5171737B6671140 wrote:
" ...   If you can point to me the actual allocation of IRS resources towards "average" income Americans versus "high" or "highest" income Americans I would be happy to look it over, run it past some analysts and statisticians to see if improvements could be made. ..."  


OK,

Let me check that out,
with someone who, KNOWS !

;D ;D ;D    ;D    ;D ;D ;D




Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/21/21 at 22:58:20

80 billion in new IRS funding to hire 87,000 new agents. This would allow the IRS to audit and harass small businesses and American families for an additional $787 billion. It would hire enough new IRS agents to fill Nationals Park twice.
Treasury Confirms: Biden Plans to Hire 87,000 New IRS ...
www.atr.org/treasury-confirms-biden-plans-hire-87000-new-irs-agents-enough-fill-nats-park-twice
www.atr.org/treasury-confirms-biden-plans-hire-87000-new-irs-

Title: Re: Really? Trump was a bad guy?
Post by WebsterMark on 09/22/21 at 04:38:52


6646444C5146230 wrote:
"This is another mechanism of control. If this goes through, 5 years from now, if someone holds a garage sale and sells off a lot of cool old stuff they’ve collected over the years and deposits $3500 dollars, they’ll get a letter from IRS asking for an explanation along with a note they may be liable for taxes."

 
 They are liable for taxes.  If they choose to commit a crime by not reporting that income the IRS "should" notify them.  

 The issue is if the income is below the payable threshold.  If people shouldn't pay taxes for earned income at garage sales we need to legislate that, not complain that a Federal Agency isn't willing to break the law.


I’m not paying taxes if I sell my living room set that I paid taxes on when I bought it. And no I am not in favor of banks being forced to report deposits to the IRS of over $600 and then the onus being on the citizen to provide documentation it’s not taxable income. We haven’t done this for years, we don’t need to do it now. The only reason they want to do it now is because certain people in charge feel it’s governments role to be involved in every single transaction. And it’s not.

Title: Re: Really? Trump was a bad guy?
Post by WebsterMark on 09/22/21 at 05:25:28

Remember Lois Lerner?

For those who don’t, Lerner was the career bureaucrat who used her position at the Internal Revenue Service to investigate and harass people who applied to the IRS for non-profit status for local tea party groups during the Obama Administration.  She was not an Obama political appointee, but merely a nameless, faceless bureaucrat who either decided on her own or was encouraged by the Obama White House to use the power of the IRS to make their political opponents’ lives miserable.

Lois Lerner matters today because the Biden administration remembers how they used the IRS against their political foes and now wants to ratchet up that power.  Under the guise of increasing enforcement to stop tax evasion, Biden is asking Congress to force banks to send the IRS in-depth records of all transactions for every individual bank account in America that is larger than $600.

Six-hundred dollars, why would the cancel culture warriors in the Biden administration effectively want the banking information for almost everyone in America?  Trust me, they aren’t looking for tax fraud from people with bank accounts of $600.  

What they are trying to do is lay the groundwork for establishing a Chinese-style social credit system in America, by having the ability to have your and my financial records available at any time.  Currently, banks are required to report cash withdrawals of more than $10,000 under the guise of tracking potential illegal drug deals, but there is no reasonable rationale for tracking every Americans bank accounts that are $600 and above.
Some will say, so what?  What harm can be done? And I may have been one of those people in the past, but not anymore.  In the past decade, we have seen the devastation to individual lives done by Lois Lerner’s witch hunt.  An abuse of power, which she paid no personal price for conducting.

We have also seen an out of control FBI lie and make up charges, first against candidate Donald Trump and then President Trump that continued for years into his presidency.  These charges were driven by the FBI and the Department of Justice’s abuse of the FISA Court to legally spy on people associated with the Trump campaign and the President himself – all based upon a politically fabricated dossier.  When the dust settled and they finally had to concede that there was never any legitimate basis for the three year attempted coup, the main career bureaucrat actors in that fraud which did more damage to our nation than anything that occurred on January 6, have not seen a day behind bars, even as they financially prosper for their infamous acts.

We have seen intelligence services use the Patriot Act to spy on American citizens, enveloping the 4th Amendment to the Constitution in high tech obsolescence and no one has gone to jail.

We have seen a Lt. Colonel in the U.S. Army leak a proven lie about a conversation between the President of the United States and the President of Ukraine, in violation of his sacred trust.  The President got impeached over the lie, while the Defense Department establishment sought to promote the Lt. Colonel.  
We have seen much, much more, and the story remains the same.  Every time we trust the administrative state with power with the understanding that it won’t be abused, it becomes a political weapon against those who seek to limit the scope and power of the federal government.

So, excuse me if I immediately think about how the cancel culture which runs Washington, D.C., corporate media and the Silicon Valley tech tyrants might abuse every single American’s personal banking information.

The same people who make a habit of targeting conservative political activists and believe that every voice should be heard, so long as those voices agree with them, cannot be given the keys to our bank accounts. Congress is deciding whether or not to open this Pandora’s Box through an obscure amendment to what will be a multi-thousand page bill.

On this one, when the DC politicians say trust us, America needs to tell them NO as loudly as possible.

Let’s keep the IRS out of monitoring our personal bank accounts.  We’ve seen this story before and we know how it turns out and the ending is always ugly.

The author is president of Americans for Limited Government.

Title: Re: Really? Trump was a bad guy?
Post by justin_o_guy2 on 09/22/21 at 06:24:22

Doing battle with

Americans for Unlimited Government.

Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/30/21 at 07:36:09


"I’m not paying taxes if I sell my living room set that I paid taxes on when I bought it."

 You shouldn't if you sold it for less than you paid.  If you made gains you should file a 1040 at Schedule D.  Notice we sometimes pay tax on online sales?  

 If I bought a living room set on sale for $2500 and sold it for $3500, I should pay taxes on that $1000.

 Again by asking a question and not complaining lock step along side people, that is not equal to supporting the IRS.

 Acknowledging that earned income is taxable is not equal to agreeing with it.

 Acknowledging that red shirts are more visible is not equal to thinking we should all wear red shirts.

Title: Re: Really? Trump was a bad guy?
Post by MnSpring on 09/30/21 at 08:08:21


7151535B4651340 wrote:
" ...   If I bought a living room set on sale for $2500 and sold it for $3500, I should pay taxes on that $1000.  ..."

I believe that very thing was said, by many people, numerous times.

The problem is:
(This is a a example of a situation which could happen, if know-one, with a brain steps to the plate, and the DFI, pudding head, mush for brains, puppet, gets his way)

Mom buys a shirt for her child for 10.00.
    (WITH TAXED MONEY)
A year later it is to small, she sells it for 1.00.
Suddenly 2 FBI and 3 IRS agents jump out behind the cars,
    on the suburban street,
             with guns drawn,
    demanding she pay the TAX.

All because the PUPPET, mush for brains,
gives away TRILLIONS of dollars,
to his best-ies !!!!!

Disclaimer !
(This is a exaggerated opinion, of where this could end up.
A opinion. Only a POV. And just  a possibility.
          ONLY
Not to be compared with any actual law, or any proposed law)







Title: Re: Really? Trump was a bad guy?
Post by Eegore on 09/30/21 at 08:20:14

"Mom buys a shirt for her child for 10.00.
   (WITH TAXED MONEY)
A year later it is to small, she sells it for 1.00.
Suddenly 2 FBI and 3 IRS agents jump out behind the cars,
   on the suburban street,
            with guns drawn,
   demanding she pay the TAX.

All because the PUPPET, mush for brains,
gives away TRILLIONS of dollars,
to his best-ies !!!!!



 They would need to substantially change tax law - which is not proposed in any way at this time.  Again you compare a loss to a gain as if they are the same.

"Then perhaps that letter should say.
‘I paid 50.00 for that, with Taxed money from my  Job.
also paid sales tax on it.
I sold it for 20.00.
Now you want to tax that 20.00 AGAIN
!'"

 No.  Nobody wants to tax that AGAIN!.  The Proposal doesn't even get close to saying that.


 So hypothetically: If Mom uses money, (TAXED MONEY) as income, to buy a shirt for $10 and sells it for $1 she lost $9.  That's a loss.  Opposite of a gain.

 If Mom uses money, (TAXED MONEY) as income, to buy a shirt for $10 and sells it for $100 she gained $90.  That's a gain.  Opposite of a loss.

 She gained money, and she is Not taxed on the $10 she originally spent, she is taxed on the $90 she Gained.  

 Pretending we are taxed on losses does not vilify the IRS more, its just easy to see through deception.  The question is if 10 Moms each use income, yes taxed income, to buy $500 in shirts and later each sells them for $601, does a bank need to invest time and money into reporting that data in aggregate annual form to the IRS?  Lying about taxable losses doesn't help answer that question.

 Complaining doesn't help either.  

https://secureamericanopportunity.com/take-action/oppose-new-irs-reporting-requirements/#_ga=2.78882580.1885330814.1633023416-1249504795.1633023412

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