Page 56 - Deductions News Today

Im using a permanent marker for fear that any ordinary pen if rain erased it, its all of cbs would collapse from how much i [ expletive ] up in the monologue. >> three more days. >>st it not getting to me, though. i manage to get out without you knowing bothering it me. its amazing. 15 months. couldnt tell i was bothered by it. what you got, old man. that all you got? give it to me. i can [ expletive ] take it. im fine. this is a bit, obviously. im doing a bit. i dont mean any of this. whoa! >> ...

Kick down, the vat really deductions. its only on food right now. we need breaks. extend furlough. i dont think furlough is a great idea, but it cost and operator money. give us open —— get us open. let us trade safely. you can go to the total market... were good at what we do. just keeping us closed running on restrictions isnt doing anybody in hospitality any favours. ., doing anybody in hospitality any favours. . ., ., ,, doing anybody in hospitality any favours. ., ., . ~ , ., doing anyb...

We are talking about the ultra rich when we are talking about billionaires. now my guess here, neil, is that they didnt do anything illegally. they simply were following the tax laws that allowed them not to pay taxes. if you really want to be fair about the tax structure, neil, you simply go to a flat tax. everybody says the same amount based on their income. there are no deductions. that will never happen that way, but thats the fairest way to do it to make sure that everybody pays their taxes...

>> that means they have no idea if they are telling the truth. they have no idea who leaked it to them and why. and they are just believing i did it for mom and apple pie. it is really incredible. its very misleading, too, because much of the argument is resting on the idea theyre very rich and they are wealthy. income tax taxes income, not wealth. they are trying to fudge that line and just demonize the rich. if you really wanted a fair tax code get rid of all the special deductions that billio...

You can only deduct 3000 a year against her salary. but if you have income from selling stocks, you can take unlimited deductions against this. and one thing here thats very important, these wealthy people who have stock, they can get away without ever paying taxes because when they die they can take an unlimited deduction for giving the money to a family foundation that will be controlled by their family. that needs to stop. on your income youre limited, until recently you are limited to 20% on...

What happened at the high end? >> there is no minimum tax. if youre in that position, and you have stock losses say way back in the market collapse in 2001 or 2008 you can only deduct 3,000 a year against the salary but income from selling stocks you can take unlimited deductions against this. these very wealthy people with stock can get away without ever paying taxes because when they die they take an unlimited deduction for giving the money to a family foundation controlled by the family. that...

Him. secretary of treasury yellen has already secured an agreement among the other g7 states to establish a minimum corporate tax. now, that may seem like a very arcane to most people, but this is key because the president is not going to be able to raise corporate taxes as he wants. but what he really wants is for american businesses to pay their fair share, and 55 out of the fortune 500 companies dont pay any federal u.s. taxes at all because of deductions and other benefits that they get else...

This last year they were indicating that a number of companies didnt pay any income tax but at the same time we were in the middle of a pandemic and the question is, was the profit -- did they make a profit and 15% of no profit is different than 15% of a huge profit. so are we talking about 15% of a gross, are we talking about with deductions and the different countries that are talking about right now, the g7, even if they agreed and they have not agreed, this is a non-binding agreement at this...

Capito came -- she left the white house and briefed her fellow republican negotiators apparently there was a discussion how they could never support $1 trillion in new spending, also dont like this new idea that biden has floated about a 15% minimum tax on corporations. these corporations cant take deductions, and so, look, its not going anywhere, but nobody wants to be the one to say its over. >> and so you have liberals now who, you know, joe biden is their president. he wants to do this. this...

My documents connect, and theyre taking deductions on compensation inside the trump payroll corp, you know, saving on lots of tax when theyre being evasive. >> you never paid taxes on the tuition which was compensation. >> right. i did not know this with was the dialogue until i read barrys deposition when he discussed it in his deposition. and so during the divorce it came out. it talks about the trump organization 48 times. so that came out and the fact it was a corporate apartment i was initi...