[Sacto Burbs]

While you get Kibbles ... TAXABLE kibbles - look what Trump and Co did ...

"Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.

Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of [fake] "excess losses" in real estate against income from other sources. So now real estate moguls with lucrative day jobs or bountiful capital gains from other investments can go back to living tax-free,

"It gets worse, if that's possible. The change applies to this year -- and retroactively to 2019 and 2018. This means rich people can file amended returns now, and get refunds of perhaps millions of dollars, sooner than we can produce the number of ventilators we might need for the coronavirus crisis."

 

[Goduckies]

And that doesn't affect you at all, but hate.hare.hate hate...

 

[NorCalPhil]

Imagine that, a 2T bill passed ASAP contains BS. Who could have guessed?

 

[Goduckies]

Yup bs on both sides. 26 million to the Kennedy center etc what does that have to do with the virus?

 

[Sacto Burbs]

https://www.kitv.com/story/41949107/the-stimulus-bill-includes-a-tax-break-for-the-1

Here is the source ...

 

[Misunderstood Pirate]

https://www.kitv.com/story/41949107/the-stimulus-bill-includes-a-tax-break-for-the-1

Here is the source ...

It's good to know that rich Democrats like Pelosi and Feinstein were against this. However I don't recall them bringing this up.

 

[Goduckies]

Reading the article I still feel the same way. Big deal it doesn't affect me one bit.

 

[seymour]

Yup bs on both sides. 26 million to the Kennedy center etc what does that have to do with the virus?

that had bipartisan support - Trump's wife is on the board of trustees. Even Trump supported this.

You should research these topics before coming on this forum and embarrassing yourself

 

[Imonous]

that had bipartisan support - Trump's wife is on the board of trustees. Even Trump supported this.

You should research these topics before coming on this forum and embarrassing yourself :wink:

So what does that have to do with the virus? And why does Trump supporting his wife make this any more relevant? Sounds suspicious if anything.

 

[seymour]

So what does that have to do with the virus? And why does Trump supporting his wife make this any more relevant? Sounds suspicious if anything.

If you researched the Kennedy Center and learned why they need this money, you'd understand what it has to do with the virus. What does bailing out a business have to do with the virus? That's what you are asking. lol

 

[Imonous]

If you researched the Kennedy Center and learned why they need this money, you'd understand what it has to do with the virus. What does bailing out a business have to do with the virus? That's what you are asking. lol

So in other words you don't know?

 

[seymour]

So in other words you don't know?

I am not doing ur dirty work - you obviously can read

 

[Sacto Burbs]

https://freebeacon.com/issues/kenne...g-them-hours-after-25-million-bailout-signed/

 

[Imonous]

I am not doing ur dirty work - you obviously can read

Yes but you're not saying anything. "Go research" doesn't answer the question. Why is the Kennedy Center receiving a special bailout? And I don't want to hear the "saving business" excuse. There are thousands of companies, and hundreds of thousands of mom & pops, that also need money survive yet they didn't get the special treatment. ALL other art centers have had to cancel performances and all these centers also employ people. So, what makes the Kennedy Center so special? The presidents wife being on the board?

https://freebeacon.com/issues/kenne...g-them-hours-after-25-million-bailout-signed/

Yes and then they turned around and sacked a bunch of people. Money well spent.

 

[seymour]

Yes but you're not saying anything. "Go research" doesn't answer the question. Why is the Kennedy Center receiving a special bailout? And I don't want to hear the "saving business" excuse. There are thousands of companies, and hundreds of thousands of mom & pops, that also need money survive yet they didn't get the special treatment. ALL other art centers have had to cancel performances and all these centers also employ people. So, what makes the Kennedy Center so special? The presidents wife being on the board?


Yes and then they turned around and sacked a bunch of people. Money well spent.

I would suggest you ask Trump or his wife why the KC is so important - Trump is the one to blame here so direct your frustration there.

 

[Sacto Burbs]

An honest question deserves an honest answer.

Poster though the Right wing politicians cared about us.

They don't .

Left: You want 500 Billion for companies who are swimming in cash and assets from the 1 Trillion tax cut we gave them ? No oversight ?

Right: Yes. Shut up and sign.

Left: No. Gotta help out the regular people. ($200,000 a year or less. LOL)

Right: Make us !

Left: OK, let's deal

Congressman Massie: What the hell is this. Get congress back here to discuss and vote on this.

Leaders on both sides. NO. Shut up and "voice vote". NO ONE else gets to look at this bill until it is too late. Except Trump.

Kibbles for us and small business ... for which we are to be grateful ... Bazillions for companies and weird "little" things.

... enough ?

 

[Sid hartha]

Yes....kibbles to us. To put in perspective this real estate tax law change was the largest benefit for corp at 170 bil out of 500 bil set aside for them. I'm sure Trump/Kushner slipped this in. The previous tax cut law limited the amount to a few hundred thousand in write offs. Now for 3 yrs they can write off all of their depreciation paper losses.

https://www.nytimes.com/2020/03/26/business/coronavirus-real-estate-investors-stimulus.html

 

[Sacto Burbs]

Median US household income $60,000

Yes....kibbles to us. To put in perspective this real estate tax law change was the largest benefit for corp at 170 bil out of 500 bil set aside for them. I'm sure Trump/Kushner slipped this in. The previous tax cut law limited the amount to a few hundred thousand in write offs. Now for 3 yrs they can write off all of their depreciation paper losses.

https://www.nytimes.com/2020/03/26/business/coronavirus-real-estate-investors-stimulus.html

$170,000 BILLION - for people making over $500k a year.

Who during a pandemic thinks this is what our government SHOULD be doing with OUR taxes ?

... well ....

 

[seymour]

 

[Goduckies]

that had bipartisan support - Trump's wife is on the board of trustees. Even Trump supported this.

You should research these topics before coming on this forum and embarrassing yourself :wink: