Relax, Everything is Going to be Okay!

It will be fine if you are a corporation or shareholder. If you are an individual that pays income tax, your bill will continue to increase.

True story. Just like it’s always been, but a bit more.

There has never been a better time to be an entrepreneur or investor.
 
Looks like we now know what the donations for the Ballroom paid for...

Steve's a big lefty. Worked for Bernie Sanders. He should work on improving his own party, before it becomes extinct.

Steve Wamhoff - Previously held position: Senate Budget Committee (Jan. 2015-May 2017) Sen. Bernie Sanders (I-VT), Senior Analyst, Tax - Biography | LegiStorm https://share.google/HsyIElx4AYzYWjIOE
 
Steve's a big lefty. Worked for Bernie Sanders. He should work on improving his own party, before it becomes extinct.

Steve Wamhoff - Previously held position: Senate Budget Committee (Jan. 2015-May 2017) Sen. Bernie Sanders (I-VT), Senior Analyst, Tax - Biography | LegiStorm https://share.google/HsyIElx4AYzYWjIOE
When the economist for the AEI calls it out as being illegal you should be concerned.
 
True story. Just like it’s always been, but a bit more.

There has never been a better time to be an entrepreneur or investor.
Maybe, but I'm not sure it is positive for society. Plenty of people seem to be upset despite solid gains in portfolios.

Let's not miss the point of what I posted. META has had a historic effective tax rate of less than 15%. The Corp Alt Min tax (CAMT) caused it to report a tax charge of $16B in Q3. Put a 20x multiple on that and the company value got hit by $320B. To mitigate the damage, the CFO classified it as a "non-cash" expense and said “We continue to expect we will recognize significant cash tax savings for the remainder of the current year and future years,”. (I note it hasn't helped much as the stock has lost 20%. The C-suite stock sales in Jan and Feb look really good right now.). The OBBB didn't change anything in the CAMT (either through error, stupidity, or intent). So how could the CFO know that there will be significant savings in the future? Because she knew the Administration would give new IRS guidance on how the firm could avoid the tax.

So yeah, people can be very happy if they made money investing in stuff like META or PLTR or whatever. But they certainly aren't as happy as the CEOs. People can certainly believe Federal spending and costs should be controlled, but it is hard to justify mega corporations not paying a fair rate in taxes. The justification is always "jobs", but they are basically saying to the people "you should be happy to have a job, so pay your taxes" while the Corporate overlords make billions tax-free.
 
Maybe, but I'm not sure it is positive for society. Plenty of people seem to be upset despite solid gains in portfolios.

Let's not miss the point of what I posted. META has had a historic effective tax rate of less than 15%. The Corp Alt Min tax (CAMT) caused it to report a tax charge of $16B in Q3. Put a 20x multiple on that and the company value got hit by $320B. To mitigate the damage, the CFO classified it as a "non-cash" expense and said “We continue to expect we will recognize significant cash tax savings for the remainder of the current year and future years,”. (I note it hasn't helped much as the stock has lost 20%. The C-suite stock sales in Jan and Feb look really good right now.). The OBBB didn't change anything in the CAMT (either through error, stupidity, or intent). So how could the CFO know that there will be significant savings in the future? Because she knew the Administration would give new IRS guidance on how the firm could avoid the tax.

So yeah, people can be very happy if they made money investing in stuff like META or PLTR or whatever. But they certainly aren't as happy as the CEOs. People can certainly believe Federal spending and costs should be controlled, but it is hard to justify mega corporations not paying a fair rate in taxes. The justification is always "jobs", but they are basically saying to the people "you should be happy to have a job, so pay your taxes" while the Corporate overlords make billions tax-free.

Seems like we're in more of a "Tax cuts trickling down to layoffs" cycle right now.
 
Here in MN he has instructed through Pam Bondi what amounts to extortion...send us all the information on your voters information and history...and we will pull ICE out of your state.

MN has offered to send them the same information that is routinely made available to political parties for campaign use, but thats not enough for Trump.

Its crystal clear they are lying repeatedly about their intent...they want to invent reasons to exclude legally cast votes for anyone other than Trumps choices.

It is specified right in the constitution that states have the right to manage their own voting and voter information, and multiple laws prevent other federal agencies from releasing private information.
 
Holy frickin' shitballz
I hate to sound like the local tin foil wearer, but this should not be surprising to anyone. There is no chance he's going to quietly watch his party get drawn and quartered in the midterms, accept the results, lose control of Congress, be impeached and investigated up the wazoo and possibly removed from office. I think there are wild times ahead and I sure hope that members of Congress, election officials, and military leaders take their oath to the Constitution more seriously than the POTUS...
(I also hope I'm wrong, but it doesn't feel like it)
 
I hate to sound like the local tin foil wearer, but this should not be surprising to anyone. There is no chance he's going to quietly watch his party get drawn and quartered in the midterms, accept the results, lose control of Congress, be impeached and investigated up the wazoo and possibly removed from office. I think there are wild times ahead and I sure hope that members of Congress, election officials, and military leaders take their oath to the Constitution more seriously than the POTUS...
(I also hope I'm wrong, but it doesn't feel like it)
 
I actually think if republicans get trounced this fall he will say it's because he wasn't on the ballot to carry them.

This won't help him:

 
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