His lead over Republican presidential rivals has widened since the New York charges were filed in April, according to Reuters/Ipsos polling. But in a July Reuters/Ipsos poll, 37% of independents said the criminal cases made them less likely to vote for him, compared to 8% who said they were more likely to do so
How can someone see Trump been charged again and again, as something that makes him more compelling to vote for. I know the Republicans have put their egg in that basket(case), but as an independent, seeing all those charges, and think “Well, that works for me!” I don’t get it…
the Record requested access to the probable cause affidavit — the document that would outline why the judge saw reason to authorize the raid — from the Marion County District Court. But the court's written response [...] indicates that document may not exist. "This Court is unable to respond to this request as there is not a probable cause affidavit filed," judge Viar wrote in response to the newsroom's request.
Yeah, update on this: the court has "found" the probable cause affidavit. The only problem is that it seems to be mostly identical to the search warrant. Instead of what a normal sworn affidavit looks like, which is a chronological summary of the facts that establish probable cause.
A European here. Aside from going in the right direction, I have a question: Don’t the rich already pay most of their earnings as taxes? So the problem is not that they are not getting taxed, but rather that they avoid paying them through loopholes? Or is that a billionaire problem?
Yeah. The problem is that the richest people have many loopholes to avoid paying taxes. Getting a minimal salary and then just taking loans against their assets is one of them.
And to add to it. If you were making 10 million dollar and someone approached and said that they could make it so that you keep 1 million in taxes if you pay them 100 thousand you would most likely be one of the ones doing it.
If you make enough money you can afford hiring people to find new ways to keep your expenses down. Tax is an expense as any other to many rich people.
“After all, you made your fortune without getting any help so why should your earnings go to p1eople who use the system”
What do you propose the government should limit/stop spending on to reach over 0.5% of the real yearly earnings of Gates, Musk, Bezos, the Waltons and all their billionaire friends?
(Note that I’m not even asking about if the actual real yearly earnings of millionaires.)
What I know or don’t know is irrelevant . You came with unsubstantiated claims and I asked you to own up to your claims.
So let’s try it once more: what exactly do you suggest the government stop spending money on each year to reach savings equivalent of 0.5% of the real yearly earnings of Gates, Musk, Bezos, Waltons and their friends?
If you want to change this person’s mind, perhaps you would have better luck providing actual evidence or examples of government waste, rather than insulting them.
While true …. We have different income tax brackets where those with a higher income pay a higher percentage, for federal tax. However Massachusetts had a flat tax rate on income: we all pay the same percentage. Now that state tax will be more progressive, at least to the extent that rich people have “income”
Thanks for your answer to my question! Simple and to the point, without getting into politics, like a few others have. I had a more general knowledge from a few years ago, so a specific for this case helped.
Again, thank you and the others who took their time to answer me.
Part of it is loopholes, but an equally big part is that we tax the way the rich earn their money differently. Most working- and middle-class earners make their money from a wage or salary, which is taxed as income. However, the rich make almost all of their money through dividends on stocks, low- or no-interest loans backed by assets, and selling stocks through the market or companies (that they have a seat on the board) doing stock buybacks. All of the income made from the above are taxed differently as “capital gains tax,” which is usually taxed at a much lower rate than income.
Thanks for your answer to my question! More specific answers like this one really help reinforce what the other told me. I also appreciate you not going into politics, like a few others have.
Capital gains tax isn’t ‘much’ lower, it’s like 5% lower, depending on the bracket.
Loans make it possible to avoid taxes–temporarily. You eventually have to pay off the loan, at which point you’ll pay taxes. Of course, if you’re making more from your investments than you’re paying in interest (and with plenty of collateral, you can get lower-interest loans), it makes sense to just pay the interest and never the principal of the loan. Of course, if loan interest rates shoot up (which they now have), this can suddenly stop working.
And right now, there is a loophole related to carrying loans–but it requires you to die. When you die, your heir is allowed to sell assets to pay off your loans without paying capital gains tax (or not as much? I don’t quite remember).
Even ignoring every singly loophole, we tax the ways the rich collect and store their wealth at a much lower percent than actual income. Meaning even if the rich didn’t dodge taxes, they end up paying much less % wise.
Adding in loopholes they pay nothing or next to nothing.
Don’t let anyone tell you high income earners don’t pay tax. I’m a CPA (tax) and most of my individual clients are high and ultra high net worth.
One of my biggest clients is a group of four hedge fund managers in NYC for example. They earned about $50 million each in the last few years. Idk what their net worths are but I’d imagine it’s at least a few hundred million each. They pay at least 37% federal, plus investment income tax (Obamacare), plus 10% to the state of NY plus NYC. It’s a lot and winds up being over $25 million a year. I don’t shed any tears for them because they are left with $25 million to play with (each, per year), which they should be able to scrape by on.
You can certainly argue it should be higher or lower or whatever but there’s this idea out there that wealthy people don’t pay tax and it’s just absurd. Also frankly it makes my job harder because people think I’m a magic anti tax wizard that just makes it go away, I’m just sitting here like you made a fuckton of money and owe a fuckton of tax, what’s the question? ¯*(ツ)*/¯
Do you ever get a sense of whether your clients ‘get’ just how disproportionate there income is compared to the median?
According to this $50 million puts them comfortably in top 1%, receiving median annual US income in just under two hours (if my math is good: (40*52)*(46,001/50000000) = 1.91?).
Yeah it’s really hard to see that in the context of kids literally starving.
Regarding your question, it’s a mix. I would say many if not most understand they are extremely successful and fortunate. The variance is how out of touch they are. Some are incredibly generous, while others are grumpy or miserable. Some actually want higher taxes, some are Scrooge types.
I once had an UHNW individual who consistently donated so much to charity that he exceeded deduction limits. I had to research ways to optimize his giving, which was refreshing.
Then there was a trust fund beneficiary worth at least $100 million, a really nice guy who lived modestly, bought the whole office lunch and dressed casually. Very down to earth. We were in the process of setting up a charity trust for him before I left that firm.
Other end of the spectrum, I had a paranoid and unstable client who repeatedly pushed us to do unethical and illegal things, making everyone uncomfortable. We fired him even though he was a ~100k/yr client for us. Easy decision.
Thanks for the answer to my question! I did not really look into this for a few years. And those that I did were when I really got into US politics. Thankfully I did 180 on that, but my knowledge from that time is untrustworthy to say the least.
Your answer really clarified and added a lot rather than repeating what others said, along with it being from a professional, which is well appreciated. So again, thank you and the others for taking the time to answer my question.
The issue is more likely that taxes aren’t being used in ways that benefit the public, like they are in other countries. But also many Americans don’t want that because grrr filthy socialism
The difference is: Walt is the guy that want‘s to install Leopards because he thinks it will make him richer and more powerful. DeSantis is the first if the Leopards trying to eat Walt‘s face.
Now, because Walt is as powerful as he is, he can put that Leopard in it‘s place. But others will come and eat him alive later.
That‘s the thing with fascism - it‘s like a forest fire, it will burn down everything. People like Walt think that setting fire will benefit him (because people are busy fighting the fire that they can‘t focus an what he‘s up to). In the end, ge will burn as well.
That’s just what they want you to think. That was a leftover animatronic duplicate they froze. Mickey told me all about it over drinks that time Minnie cheated on him.
Semi related. I figured out that chatgpt will follow you along conspiracy theories as long as they aren’t well documented. I can’t make it agree that Walt Disney was frozen but I can make it agree that Philip K. Dick might be living in an abandoned Blockbuster with only movies based on his books on the shelf.
I’ll believe that “justice comes calling” when he’s wearing clothes that match his skin color (not his natural gray “corpse twice warmed over” pallor, the John Boehner tribute one).
Not saying that it’s not good that they’re trying, but since he’s rich and powerful in an extremely corrupt system,actual justice for his many crimes will probably come in several years, if ever…
I understand your cynicism, but if there's a silver lining it's that this is a state level charge so he couldn't pardon himself or get it dismissed if he were to somehow win the election. So this trial gonna happen no matter what.
I mostly agree, but then again, the risk of a Georgia judge being another Aileen Cannon is not insignificant, which could not just delay the trial but also unduly influence the outcome…
Ron knows that the taxpayers with the newfound burden were less likely to vote for him anyway. Larger urban areas in Florida lean blue, rural areas are red. Ron will screw Orlando relentlessly to make panhandle voters happy.
Iirc the special district still exists, Desantis tried to get rid of it initially but backed out of that plan because it would have shifted financial burden to the counties where it’s located. Instead Florida passed a law changing it so Desantis could appoint the board and renamed the district.
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