You’re a very unpleasant person.
You’re a very unpleasant person.
Calm down professor. The US is one of the only countries in the world to tax worldwide income, even if they are a nonresident of the US. That is NOT how it works in every country.
Here’s a pretty good article about it from the WSJ if you want to educate yourself on the subject: https://www.wsj.com/articles/BL-WB-34630
It’s somewhat accurate to say “every penny they make is taxABLE to Uncle Sam” which is different from saying 100% tax rate. Americans living outside the US still need to file a tax return and report all their income, and pay tax on it to the US, even if it is from a foreign source. That said they could claim the foreign tax credit if they paid tax to a foreign regime on that income already, or the foreign income exclusion under some circumstances which would reduce their taxable income to the US.
Well thank god we don’t have any Death Panels from Obamacare though!
There was a lot of speculation about that but I’m not sure if there’s any consensus. Individual tax returns only show income, and business returns only show book values (not fair market value which would help determine wealth). He had pretty big net operating loss carryovers from previous years which essentially zeroed out his income for a few years, so it’s hard to say. I feel like I remember looking for foreign account disclosures but didn’t see them in the returns, which would be at least one set of FMV numbers to go with. It’s been a while since I looked though. Overall I walked away being disappointed so I’ll stick with my original assessment, maybe I take another look later today though.
What makes you think I don’t already wear a crime fighting suit to work? There was a documentary about it and everything, The Accountant. I specialize in espionage, intrusion/counter intrusion, taking some CPE next week for long range assault weaponry, the usual.
The funny thing is, his tax returns were fairly unremarkable. I’m a cpa and my background is largely with high and ultra high net worth individuals and their businesses, so people like trump are my bread and butter. I reviewed his returns when they first leaked and honestly nothing jumped out at me as particularly noteworthy or interesting at all. All I can speculate is that he’s just a stubborn asshole and simply didn’t want to release them.
He should’ve posted them all online. As a cpa with a bit of rare downtime on my hands I’d love to volunteer to review returns for the irs. I know all the errors and omissions, tricks and and gimmicks, goofs, fuckups, whoopsies, you name it. 20% commission for the recovered taxes seems fair compensation.
I read once that maybe Sweden or Norway has publicly available tax returns. BUT, the person whose return you look at gets notified when you view it, so you can’t just go around subtly snooping on your friends and neighbors without being noticed. Idk if that’s true though.
Yeah this is completely normal and not at all anything to flip out about. Honestly I’m surprised the reporting threshold was ever $20k to begin with. The 1099 reporting threshold for contractors has been $600 for over a decade now so I would’ve assumed the same for scalpers.
It’s super easy to implement, comply, and enforce this. Like almost automated levels of easy. It’s significantly more complex and requires tons of resources and expertise to go after the whales as you say. Resources they just don’t have. Resources that might be wasted if/when it turns out the taxpayer is fully compliant within reason.
It’s not about double standards, it’s purely logistics and resources - at least on the IRS side. Congress is responsible for their funding, or lack thereof, and it doesn’t take long to figure out who’s responsible for the lack of it. So I’d encourage you to focus your ire on the response political party, not the IRS itself.
All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It’s not quite like flipping a switch but it’s relatively easy to comply with, and relatively easy to enforce. “Fixing taxes” is significantly more complicated, to say the least.
Yup, there it is 🙄
I’ve found lemmy to be the single most toxic malicious place on the internet I’ve ever been and every time I post I literally cringe waiting for the horde to attack. I’m probably closing my account soon tbh because I can’t take it anymore. For the record I like being wrong because it means I’m about to learn something new. But around here I was expecting fifty downvotes and a bunch of replies saying FUCK YOU CORPORATE BOOTLICKER SCUM, words to that effect.
Didn’t biden just sign anti labor legislation to stop the rail worker strike?
https://www.reuters.com/world/us/biden-signs-bill-block-us-railroad-strike-2022-12-02/
Not sure if we should start lining up to blow him quite yet about this kind of issue. But I’m not familiar enough to fully comment. I’m sure lemmings will line up to tell me why I’m wrong about this…
Oh it’s definitely sci fi. I just meant it’s not exactly sci horror as OP requested.
I saw the original John carpenter version at a friends house at ~2am after a rare night out drinking with some old college buddies in town. My friend has a big HD projector and sound system in his house and when everyone heard I’d never seen the thing it was instantly agreed that’s what we are doing later. I had absolutely no idea what to expect and was blown the fuck away!
Then I got all excited a few weeks ago when I saw the thing was on Netflix so I could see it again. Then I realized it was the recent remake from idk 2012 maybe? Watched five minutes of it and ragequit, then paid $3 to see it on Prime.
He’s one of the GOATs, how could they possibly hate him?
Are we seriously still talking about this? It’d be really cool if we could just move on, nobody gives a fuck about weed, jfc.
That’s such a great angle, calling all republican presidents DEI hires from the electoral college lol