Biden is a financial idiot (Page 2): When do you post your returns?

LWW Loc: Banana Republic of America

DaveO wrote:

Even a bigger question is the validity of Trump's claims. Come on IRS!

When do you post your returns?

Amielee Loc: Eastern Washington State

I don't think Mr. Biden is a financial idiot at all. He has done very well for himself and his family and stayed out of jail. I think he has mastered financial politics excellently and that requires some small amount of intelligence.

DaveO Loc: Northeast CT

Amielee wrote:

I don't think Mr. Biden is a financial idiot at all. He has done very well for himself and his family and stayed out of jail. I think he has mastered financial politics excellently and that requires some small amount of intelligence.

FrumCA

Amielee wrote:

I don't think Mr. Biden is a financial idiot at all. He has done very well for himself and his family and stayed out of jail. I think he has mastered financial politics excellently and that requires some small amount of intelligence.

Taxing your way to prosperity won't work. Just sayin'.

DaveO Loc: Northeast CT

FrumCA wrote:

Taxing your way to prosperity won't work. Just sayin'.

Giving big breaks to big business doesn't either.

Shutterbug1697 Loc: Northeast

travelwp wrote:

Bankruptcies are a normal part of business. The r... (show quote)

All of these companies filed for bankruptcies under the trump administration's watch.

The economy tanked under trump, not under Biden!

FrumCA

DaveO wrote:

Giving big breaks to big business doesn't either.

In certain cases I might agree with you. I would need to see some examples of what sort of breaks you are referring to before committing one way or the other.

DaveO Loc: Northeast CT

FrumCA wrote:

In certain cases I might agree with you. I would need to see some examples of what sort of breaks you are referring to before committing one way or the other.

A general statement will suffice seeing that Congress couldn't come to a conclusion on specifics that could be agreed upon. We heard of some the aftermath with unsurprising stock buy backs, who theoretically benefitted from which cuts, etc. There is no one solution when assessing what the tax structuring should consist of. I would not pretend to have answers.

Kraken Loc: Barry's Bay

FrumCA wrote:

In certain cases I might agree with you. I would need to see some examples of what sort of breaks you are referring to before committing one way or the other.

So where were you in the first six months of 2017.......in a coma?

FrumCA

Kraken wrote:

So where were you in the first six months of 2017.......in a coma?

Still being a wise-a$$ I see. The Tax Reform Act was not a perfect solution to the complex 70k + tax code but it did generate some benefit. And there are still issues. So what is your point? Just know in advance that I don't plan on debating OUR entire tax code with you.

DaveO Loc: Northeast CT

FrumCA wrote:

Still being a wise-a$$ I see. The Tax Reform Act was not a perfect solution to the complex 70k + tax code but it did generate some benefit. And there are still issues. So what is your point? Just know in advance that I don't plan on debating OUR entire tax code with you.

Exactly!

Rose42

National Park wrote:

How many bankruptcies had Biden had?

Not every idiot out there has had bankruptcies.

JamesCurran Loc: Trenton ,NJ

boberic wrote:

In his latest proclamation Biden has said he will ... (show quote)

It seems he know finances way better than you do.

You seem to be confusing "Income" with "Salary". Granted, it is true that for most people Salary pretty much equals Income, while for the very rich, salary deliberately makes up only a tiny portion of income.

BUT, only Social Security taxes are based on salary. The Income tax is based on, well, Income. It doesn't matter where it comes from (salary, interest, dividends, lottery, poker, etc), it's taxable (as soon as it enters the country; if you earn it off-shore, and spend it there, you can beat the tax)

DennyT Loc: Central Missouri woods

travelwp wrote:

Bankruptcies are a normal part of business. The r... (show quote)

Yes bankruptcy is part of business ... for failures..

IDguy Loc: Idaho

Amielee wrote:

I don't think Mr. Biden is a financial idiot at all. He has done very well for himself and his family and stayed out of jail. I think he has mastered financial politics excellently and that requires some small amount of intelligence.

He’s done really good by Hunter and friends. Wonder how many more millions he plans to extract by bribery if he became President? Probably like Clintons it will increase to billions.