#Taxable

Gopi Adusumilli :verified:gopi@truthsocial.co.in
2025-12-01
BC Métis Man ✅ 🙉🙈🙊⚖BCMetisMan
2024-04-11

So are those personal legal fees paid by others in cases for the orange menace actually taxable benefits? And has he declared the income and paid the taxes on it? I wonder who may want to ask this? Isnt tax evasion what brought Capone down?

Chuck Darwincdarwin@c.im
2023-07-07

The Supreme Court agreed to hear a case next term that could #preempt Congress and the Biden administration from instituting a #federal #wealth #tax — another potentially lucrative gift for conservative justices’ billionaire benefactors and the super rich.
A think tank affiliated with some of those benefactors recently pressed the court to accept the case and outlaw such taxes.
The new case, #Moore v. United States, is tailored to try to block Democrats’ promised agenda by #defining what can — and cannot — count as #taxable#income” under the Constitution.
It specifically challenges a one-time levy on some shareholders for their foreign corporate earnings that was included in the 2017 Republican tax law.
The plaintiffs are a Washington state couple who faced a $15,000 tax bill under that provision for a stake they owned in an Indian company. They argue that their #corporate #earnings should #not count as taxable income under the Constitution because they had not been distributed to shareholders as #dividends.
The real goal of the case is “to slam shut the door on a #federal #wealth #tax,” as the couple’s lawyers wrote in a 2021 column. The couple’s petition to the Supreme Court expressly decries previous wealth tax proposals from Democrats, including Biden, and urges the justices to “head off a major constitutional clash down the line
levernews.com/the-supreme-cour

#trumptaxaudit by #us electorate.

#trump declared no #taxable income for 2015, 2016, 2017 & 2020, having reported $82mn in combined losses across that period. In 2018 & 2019 — the 2 years for which he reported taxable income — he declared nearly $29mn of adjusted gross income.

He “abused the power of his office to block basic transparency on his finances and conflicts of interest which no president since Nixon has foregone”.

#trumptaxes #trumpisgoingtojail

ft.com/content/37ff17eb-3c03-4

2022-08-07

#Taxable - Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.

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