March 08, 2024
The State OF The Union Taxman Cometh Chutzpah
As most of you know, I’m a retired IRS International Examiner so maybe I’m a little touchy about what I heard today. I’m also Jewish and I can see Chutzpah (having the nerve) when it is pushed in my face.
I just heard that Biden tonight will push for higher taxes on the wealthy and higher taxes on Corporations. The Chutzpah of it all is revolting. Let’s start with the phrase, "pay your fair share.” Biden’s own son is a tax cheat. Not only didn’t he pay his fair share, but he also didn’t even file at all for some years.
And then we have Joe and Jill (Biden). Did they pay their fair share? Some will say NO because reports stated they used a Sub-S Corporation to shield certain income from being currently taxed. You can bet there will be no increase or even a tax on monies going into Sub-S Corporations. And don’t get me started on payments to the "big guy”. I will bet Joe didn’t get a 1099, from a shell corporation with no business purpose. Never heard of a 1099-SC-NBP (Shell Corporation with No Business Purpose). So, that leaves us with increase taxes on corporations. Guess who will pay those increases, YOU the consumer. WHAT Chutzpah!!!!!!
Posted by: Timothy Birdnow at
09:27 AM
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Posted by: Dana Mathewson at March 09, 2024 12:06 AM (q5ipj)
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