It is tempting for critics of Donald Trump to react to the New York Times bombshell article by accusing Trump of tax evasion, which is a crime. And it’s equally tempting for his defenders to insist that all he did was use legal avoidance techniques, available to anyone. The truth likely lies somewhere in the middle. But the president’s sheer volume of legally dubious tax positions poses an insidious threat to the rule of law.
The Times was careful to not accuse Trump of tax evasion. Proving criminal tax fraud, the kind that took down Al Capone, is extremely difficult. But respect for the rule of law is more than simply avoiding criminal behavior. It means abiding by our societal responsibilities without trying to game the system.
The Times documents numerous questionable positions, ranging
Last month, a senior executive of carmaker Toyota declared that the company was going to put all future investments in India on hold owing to the high taxes the country charged on cars. Even as the Japanese multinational later made a U-turn on the comment, the high taxes are a thorn in the flesh of automakers in India who are struggling to survive the pandemic-triggered slump.
India’s auto industry has been in a free-fall since March when the Narendra Modi government first announced a nationwide lockdown due to Covid-19. In April, no cars were sold in India, and things didn’t change much in May. Now, with lockdowns in most parts of India lifted, auto sales are slowly recovering but there are concerns that customers may stay away due to the overall economic slump.
And the high tax rates may keep shoppers away for a long time.
From Town & Country
No one likes paying taxes and heads of state are no exception. This fact was hammered home last week when the New York Times reported that President Donald Trump, through a series of complex accounting moves, paid minimal tax while in office and even less before he was elected.
Usually governments do everything they can to collect money (Trump, in fact, is being audited by the IRS), but sometimes heads of state can avoid paying tax with the help of the state. For forty years, up until 1993, the British Queen enjoyed an income tax exemption thanks to the generosity of successive UK governments who played cat and mouse with Parliament and the media to keep the matter away from public scrutiny.
Why was it allowed in the first place and, more important, how much was it worth? Recently,
Authors of new report call for radical change to economy, recognition of unpaid care work, usually done by women.
People in the United Kingdom would be happy to pay higher taxes for a fairer, more caring and gender-equal society as the coronavirus pandemic transforms people’s views about the world they want to live in, economists said on Wednesday.
In a report to be presented to parliamentarians, regional governments and business leaders, they laid out a radical road map for building a “caring economy” that puts people and the planet first.
“This is an idea whose time has come,” said Mary-Ann Stephenson, director of the Women’s Budget Group, a think-tank, which published the report.
“People don’t want to return to business as usual. We’re calling for a fundamental change in the way we approach the economy. It’s about a vision for doing things differently,” she told the Thomson Reuters Foundation.
- Trump said in a 2011 radio interview first reported by CNN that low-income Americans should pay taxes to be a “part of the game” and said half of the US wasn’t paying anything.
- Trump also claimed he had recently signed “a big fat check” to pay off his taxes.
- The Times said in a bombshell report Sunday that Trump paid nothing in federal income taxes for 10 of the 15 previous years.
- Trump paid $750 in income taxes in 2016 and 2017, the first year of his presidency.
- Visit Business Insider’s homepage for more stories.
Six years before assuming the presidency, Donald Trump said lower-income Americans should pay taxes to be “part of the game,” CNN first reported.
Trump made the remarks during a radio interview with Sean Hannity, a conservative host.
“The amazing thing is that half
Democrats and Never-Trumpers would convince voters that the “moral character” of a candidate is far more important than whether or not he intends to rob you blind through any one of their wealth re-disribution schemes.
That’s why the New York Times, along with its assistants at CNN and MSNBC, are trying to turn the latest “explosive” report on President Trump’s financial history into an issue one month before the election. They think it’s far more worthy of your consideration that Trump has done everything he can to avoid paying taxes (as most wealthy people do) than that he actually passed major legislation that lowered the total income taxes that most middle-income Americans pay.
Democrats like the idea of people paying maximum allowable taxes to fund their green schemes and welfare projects, but nobody else wants that. Former Pennsylvania Sen. Rick Santorum, a Republican,
An old Donald Trump tweet criticizing Americans who “don’t pay income tax” resurfaced late on Sunday after The New York Times released a report that revealed he did not pay income taxes for roughly half of the past two decades.
“HALF of Americans don’t pay income tax despite crippling govt debt,” Trump wrote on Twitter in February 2012, four years before he was elected president. His tweet’s caption mirrors the headline of a Daily Mail article published one day before, which appears as a link in the social media post. The U.K.-based newspaper’s report relies on a graphic originally created by the Heritage Foundation, a conservative think tank based in Washington, D.C.
With the availability of government grants for women, single moms, returning college students and women business house owners have the chance to obtain free grant money that never has to be repaid. The legislative branch is accountable within the enactment of laws, statutes and treaties in the promulgation of social equity, liberty, freedom, rights and privileges of the individuals It also complements the promulgation of legal guidelines that shall be executed by the chief branch primarily based from the aforementioned providers of this branch of government.
The legislative branch with representative delegates of the sovereign voters derives its political and constitutional energy to perform and act on the official duties of government as mandated by the constitution. Goldwin additionally chopped down the canned progressive canard, implied by Booker, that each one white People on the time happily conspired to disenfranchise individuals of coloration.
Given the comparatively excessive pensions members of … Read More
Most folks who have never run a business think all the regulations are a good thing, to protect us all from evil entrepreneurs. Little do they know how much better their lives would be without all those onerous and ridiculous regulations from the blob of bureaucracy. Interestingly enough, when they hear of the small business person’s plight, they want government to fix it, which to me is laughable, as they are the problem, not the solution. When discussing this I just said; Okay, but give us entrepreneurs a little credit, we kick ass, and at the end of the day, we will find a way – just get the government out of the way.
Still, the naïve citizen stated; “Entrepreneurs will always come out on top! I am a firm believer in that. Correct me if I am wrong, but I believe that if a government taxes a business more, … Read More
Government Grants can help you if you are looking to eradicate your debt and have extra financial freedom in your life. In 1908 the government paid as much as 5 shillings per week to folks over 70. The pension received relied on revenue and was set on a sliding scale so those with the highest revenue for the least (or none) in pension money. State regulation refers to the laws that each particular person state in the United States of America use to govern their citizens.
This similar fact holds for the opposite intertwined “Think Tanks” like the Bilderbergers and the Trilateral Fee There’s probably not one person in a thousand who would be capable of establish the CFR, despite the fact that it’s in all probability probably the most powerful political entity within the nation.
American corporations and their greed have been the beginning of the downfall of our … Read More