US Goods Inflation

[LIBrty4all 3,749]

3 hours ago, Dashinka said:

Definitely in no way worth it.

Shhh, don't tell her she made a bad purchase.

 

https://leoaffairs.com/blm-co-founder-buys-california-hideaway-house-for-1-4-million/ 

Edited May 5, 2021 by LIBrty4all

[Crtcl Rice Theory 2,432]

10 minutes ago, LIBrty4all said:

Didn't see the word "elite" anywhere in that link.  I think you perhaps mean "rich", and are just confusing the two terms?

 

Still, how do you think anyone is "cheating the system"?  

Did you watch the Panama Papers documentary? 

[LIBrty4all 3,749]

4 minutes ago, CanAm1980 said:

Did you watch the Panama Papers documentary? 

No, I am more interested in what is happening in my own country.  Like how Hunter Biden has made so much money for his family, yet hasn't declared it to the IRS yet.

 

[Crtcl Rice Theory 2,432]

47 minutes ago, LIBrty4all said:

No, I am more interested in what is happening in my own country.  Like how Hunter Biden has made so much money for his family, yet hasn't declared it to the IRS yet.

 

With an estimated 1 trillion of illegal evasion, you seem uninterested

Edited May 5, 2021 by CanAm1980

[LIBrty4all 3,749]

49 minutes ago, CanAm1980 said:

With an estimated 1 trillion of illegal evasion, you seem uninterested

You have to know I didn't say that, please stop making up words for me.  I am interested in many things.  I'm all about criminals paying what they should or going to jail for not doing so.

 

Edited May 5, 2021 by LIBrty4all

[TBoneTX 45,288]

"The rich" = anyone who makes one more dime than you do.

[Nature Boy 2.0 8,370]

19 hours ago, Bug&Bug said:

Way better they raise corporate taxes and not peoples income taxes though. I would very much prefer Bezos and co start paying a fair share to help get out of the whole, and not us the unlucky shmucks that are allways paying while trying to make a living.

Do you really think that if they raise taxes on corporations the increase will not filter down to the end user?

7 hours ago, TBoneTX said:

"The rich" = anyone who makes one more dime than you do.

Ever notice anyone driving slower than you is an idiot and anyone driving faster is a maniac 

[Dashinka 24,494]

12 hours ago, CanAm1980 said:

"We" discussed?  The claim of the IRS director is 1 trillion not 10 billion. That's a damn good return. Where did you imagine 10 billion based on?

 

https://www.bloomberg.com/news/articles/2021-04-27/biden-said-to-propose-tax-hikes-80-billion-for-audits-of-rich

 

Already posted in this thread. 

So one estimate was the CBO (in the original article you yourself posted from Newsweek), and the other was even more vague "Spending billions more on audits is intended to reverse a multi-year trend of falling audit rates at the IRS. Commissioner Chuck Rettig told a congressional panel this month that as much as $1 trillion in taxes may go uncollected each year.".  I think this only goes to show no one in DC really knows, and their only fall back is to throw more taxpayer money.  If you look at the IRS budget back in 2010 when it started dropping, it was between $14 and $15 billion, so according to the CBO more than doubling the outlay to the IRS would bring in anywhere from $10 billion to $1 trillion per year.  The numbers still do not add up.  

 

https://www.irs.gov/statistics/irs-budget-and-workforce

Edited May 5, 2021 by Dashinka

[Crtcl Rice Theory 2,432]

37 minutes ago, Dashinka said:

So one estimate was the CBO (in the original article you yourself posted from Newsweek), and the other was even more vague "Spending billions more on audits is intended to reverse a multi-year trend of falling audit rates at the IRS. Commissioner Chuck Rettig told a congressional panel this month that as much as $1 trillion in taxes may go uncollected each year.".  I think this only goes to show no one in DC really knows, and their only fall back is to throw more taxpayer money.  If you look at the IRS budget back in 2010 when it started dropping, it was between $14 and $15 billion, so according to the CBO more than doubling the outlay to the IRS would bring in anywhere from $10 billion to $1 trillion per year.  The numbers still do not add up.  

 

https://www.irs.gov/statistics/irs-budget-and-workforce

I cannot find where I posted an article referencing the cbo and 10 billion. I haven't seen anything that you said the refutes the commissioners 1 trillion dollar figure. Take a look at the Panama Papers documentary for an eye opener on how global elites hide money outside their countries.

 

 

 

 

[Neonred 3,562]

Does anyone seriously believe the "1 trillion" dollar figure?

[Dashinka 24,494]

4 minutes ago, CanAm1980 said:

I cannot find where I posted an article referencing the cbo and 10 billion. I haven't seen anything that you said the refutes the commissioners 1 trillion dollar figure. Take a look at the Panama Papers documentary for an eye opener on how global elites hide money outside their countries.

 

 

 

 

It was in the article from Newsweek you posted when you started your other topic.  Did you read it?

 

A July 2020 report from the nonpartisan Congressional Budget Office found that increasing funding for IRS enforcement by $40 billion would boost revenues by more than $100 billion over the next decade.

 

https://www.newsweek.com/government-just-admitted-it-doesnt-really-try-collect-rich-peoples-taxes-1577610

 

 

5 minutes ago, Neonred said:

Does anyone seriously believe the "1 trillion" dollar figure?

Not for 1 minute.

[Bug&Bug 147]

2 hours ago, Nature Boy 2.0 said:

Do you really think that if they raise taxes on corporations the increase will not filter down to the end user?

Yes of course but only partially. Part gets filtered to the consumer, part on the corporation profits.

 

The reality is that there has been a huge (not well managed in many countries) worldwide crisis, therefore huge deficit, therefore taxes are going to increase like it or not. Corporate tax increases mean corporations will bear at least part of the burden, not 100% the consumer. 

[Neonred 3,562]

I'm looking forward to the economic boom that will come with increasing corporate taxes.

[Crtcl Rice Theory 2,432]

2 hours ago, Neonred said:

Does anyone seriously believe the "1 trillion" dollar figure?

Every year? No at least one year because we have been so lax in pursuing the wealthiest for 10 years will a regular return after that. I look at it this way, if we wanted a tax policy that burden the lower brackets and let the wealthiest skate, we should just man up and change the laws.  

[LIBrty4all 3,749]

2 hours ago, Neonred said:

Does anyone seriously believe the "1 trillion" dollar figure?

Some do, apparently.

 

But that would mean there was somewhere around $3.3 TRILLION un/under-reported incomes.  That's a LOT of duckies being cheated on, eh?