The financial Capital cannot coexist with Mamdani’s premise. He may say that he wants it to be the financial capital, but his ideas are conflicting.. He really does Not want New York City to be the financial capital. He says the word affordability a lot, so that he gets his votes with it, but it is impossible to pay for his affordable utopian city for everybody, and have the businesses and high earners stay here. The corps and the wealthy are already paying more than 50% already, and he actually says I’m gonna tax them ‘only’2% more.!
And, did you see that he wants to arrest Netanyahu, as he lets criminals go free in New York City. He hates Jews. A racist.
The four candidates for New York mayor will be debating tonight. Watch it just for the fun of seeing how he bobs-and-weaves.. Also he has said that he has a Plan B. I predicted two weeks ago that he would fail on his promises, and come up with another plan..This will be how he slides into it.
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@AverageJoe1 saidThe corps and the wealthy are already paying more than 50% already,
The financial Capital cannot coexist with Mamdani’s premise. He may say that he wants it to be the financial capital, but his ideas are conflicting.. He really does Not want New York City to be the financial capital. He says the word affordability a lot, so that he gets his votes with it, but it is impossible to pay for his affordable utopian city for everybody, and hav ...[text shortened]... at he would fail on his promises, and come up with another plan..This will be how he slides into it.
This is not true. As I tried to explain to you multiple times, the tax RATE may be 50%, but with the multitude of exemptions and loopholes lawmakers built into the tax code, most wealthy people pay far less, and in some cases, nothing at all.
Have you ever seen or lifted the US income tax book used in law schools? They are larger than most big city phone books and weigh nearly 3 pounds. Why do you think this is Joe? You think the tax rate people are officially set at is the same is what they actually pay? If you do, I have a bridge in Brooklyn I'll sell you - Cheap! 🙄
- but you don't understand this, do you.
@mchill saidNit pick, ok, and I guess some wealthy have many loopholes. If a wealthy guy gives $1 million to the union mission charity down the street, he gets a tax break, but look at what the union Mission gets. Geez.
The corps and the wealthy are already paying more than 50% already,
This is not true. As I tried to explain to you multiple times, the tax RATE may be 50%, but with the multitude of exemptions and loopholes lawmakers built into the tax code, most wealthy people pay far less, and in some cases, nothing at all.
Have you ever seen or lifted the US income tax book used in ...[text shortened]... o, I have a bridge in Brooklyn I'll sell you - Cheap! 🙄
- but you don't understand this, do you.
Here is a list of how, when he gets his taxes maybe down to 35% , what benefits are gifted, by him, to the needy Geez.
Tax Breaks Intended to Benefit the Public
1.Home Mortgage Interest Deduction
Encourages homeownership — which can stabilize neighborhoods and build middle-class wealth.
2.Earned Income Tax Credit (EITC)
Refundable credit for low- and moderate-income workers, especially those with children; it boosts take-home pay and rewards employment.
3.Child Tax Credit
Helps families offset the cost of raising children — often refundable, putting cash directly into household budgets.
4.Retirement Savings Incentives (401(k), IRA, etc.)
Defers taxes on savings for retirement, encouraging people to save and reducing reliance on public assistance later.
5.Education Credits and Deductions
The American Opportunity Credit and Lifetime Learning Credit help cover tuition and training costs, supporting skill growth and productivity.
6.Energy-Efficiency and Renewable Energy Credits
Encourage households and businesses to invest in solar panels, electric vehicles, or efficient appliances — supporting environmental goals.
7.Small-Business Deduction, encourages… what…Small businesses!!
…and let us say number eight would be the man up top who gives $1 million to the mission. And to hospitals, and to colleges.
Lib posts simply do not close. You just throw stuff out there.
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@AverageJoe1 saidI guess some wealthy have many loopholes.
Nit pick, ok, and I guess some wealthy have many loopholes. If a wealthy guy gives $1 million to the union mission charity down the street, he gets a tax break, but look at what the union Mission gets. Geez.
Here is a list of how, when he gets his taxes maybe down to 35% , what benefits are gifted, by him, to the needy Geez.
Tax Breaks Intended to Benefit the Publ ...[text shortened]... nd to hospitals, and to colleges.
Lib posts simply do not close. You just throw stuff out there.
Wrong Joe, ALL wealthy people have many loopholes. How do you think Folks like Jeff Bezos and Elon Musk manage to pay little or nothing in taxes. I know you don't want to know about this Joe, but there is a summary below - Read it!
The 25 richest Americans have frequently paid little or no income tax in recent years, according to a published report Tuesday based on detailed tax data for the period.
Tesla’s (TSLA) Elon Musk, former New York Mayor Michael Bloomberg, Amazon.com (AMZN) founder Jeff Bezos, and activist investor Carl Ichan have all managed to pay zero income tax in at least one year of the past 15, ProPublica reported, citing detailed data it analyzed from unnamed sources. Billionaire investor George Soros managed to pay no income tax three years in a row.
In one year when Bezos paid no income tax, 2011, he even claimed and received a $4,000 tax credit for his children, according to the report. From 2006 to 2018, Bezos saw his wealth rise $127 billion, according to the report. Over the period he reported $6.5 billion in income on which he paid $1.4 billion in federal taxes. When compared with his overall gains, that amounts to a 1.1% “true tax rate on the rise in his fortune,” ProPublica reported.
Topping ProPublica’s list is Berkshire Hathaway’s (BRK.B) Warren Buffett. The Oracle of Omaha reportedly had income of $125 million from 2014 to 2018, and paid $23.7 million in taxes, for a “true tax rate” of 0.10%, the report says.
https://www.thestreet.com/taxes/25-richest-americans-pay-almost-no-federal-taxes-report
@mchill saidYes, I was writing about the general populace, there are always going to be people that are so rich that they can find ways to get around a very unfair tax code. I would ask you to have your Democrat representative fix that, but they would find it impossible because they actually want money from those people, such as $200 billion right now to pay for illegal immigrants’ new programs whom we owe nothing to.
I guess some wealthy have many loopholes.
Wrong Joe, ALL wealthy people have many loopholes. How do you think Folks like Jeff Bezos and Elon Musk manage to pay little or nothing in taxes. I know you don't want to know about this Joe, but there is a summary below - Read it!
The 25 richest Americans have frequently paid little or no income tax in recent years, accordin ...[text shortened]... rt says.
https://www.thestreet.com/taxes/25-richest-americans-pay-almost-no-federal-taxes-report
You and your libs do not like people to be rich, which is a total another issue, as it is really none of your business. So we’re talking about Tax rates which allow for deductions that our representatives put in there. Have your liberal Dems try to get those out of there. The Democratic representatives are equally responsible for our present tax code. You write your notes like it is all Trump or whoever you don’t like..
Keep your eye on the sparrow though. The they want $200 billion in money that they can use for illegal immigrants, 200 billion, they want pregnancy emergency Obamacare Covid subsidies they want 500 million restored for PBS and NPR. They want 4 million for LGBTQ democracy grants in the Balkans, 2 million for feminist, democratic principles in Africa. In total they want $1.5 trillion in new spending to open the government for a mere seven weeks, and then we go right back and start all over again.
You are thinking that I have changed the subject getting into this last part. Not really. It is reminding you of the real crap that is going on while you little fellow continue to bitch about taxes and how much money people make. What a broken record you are all of that means nothing. What is going on now in the Congress means a lot.
@mchill saidHey……all taxpayers have loopholes, as you like to keep calling legit deductions created by 550 reps in Congress. Get a grip. Oh, there are some, FIFTY PERCENT of us, who pay NO TAXES!!!!!!
I guess some wealthy have many loopholes.
Wrong Joe, ALL wealthy people have many loopholes. How do you think Folks like Jeff Bezos and Elon Musk manage to pay little o
That makes me so mad!!!!’n No taxes! And I am part of 1% who pay 50% of all taxes!!!!!!!
See how silly you sound, that all being true. You are getting as elementary as Sue the second grader.
@AverageJoe1 saidWhat are you talking about? Are you high?
The financial Capital cannot coexist with Mamdani’s premise. He may say that he wants it to be the financial capital, but his ideas are conflicting.. He really does Not want New York City to be the financial capital. He says the word affordability a lot, so that he gets his votes with it, but it is impossible to pay for his affordable utopian city for everybody, and hav ...[text shortened]... at he would fail on his promises, and come up with another plan..This will be how he slides into it.
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@Cliff-Mashburn saidSo he's got your vote then?
@AverageJoe1
If elected he will destroy New York.
After all, you voted for Trump, to destroy America.
He's almost there.
@AverageJoe1
Joe, they have to bite the bullet and move all of Wall Street to Florida. It's only going to get worse if they stay
@Cliff-Mashburn saidBetter than ever?
Funny, America is now better than ever.
If Kamala was elected we'd all be starving by now.
Because Jim Crow is coming back? Because only white guys can get jobs?
You have a pretty low bar for what you deem "better".
@Cliff-Mashburn saidYou don't know what starving is.
Funny, America is now better than ever.
If Kamala was elected we'd all be starving by now.
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@Earl-of-Trumps saidFlorida? Holy crap.
@AverageJoe1
Joe, they have to bite the bullet and move all of Wall Street to Florida. It's only going to get worse if they stay
Only stupid people live in Florida.
Oh, yeah, and meth addicts.