Lisa Benson for October 14, 2021

What’s the matter Lisa, are you afraid they’ll catch on to your double set of books?

Trump Disciples continue to fight like hell to keep billionaires from paying any taxes at all.

They envy and admire tax evaders even more than draft evaders, like Bone Spurs.

Lisa is pointing out how many different ways she can tell a lie.

Lisa is delusional as usual

Apparently Lisa believes that the average American goes to the ATM to make $600+ cash transactions.

Banks are required by law to report transactions that exceed (I think) $10K.

It does seem to be true that the IRS targets a particular group of tax payers for audits, and it does seem to be true that the criteria are at least partly about how much IRS effort per dollar will be the likely result.

But if the bank itself wanted to impose more fees, that’s just Capitalism!

Only Republikkkans would object to rich people paying the taxes they owe, just because it’s a Democrat who’s leading the country.

Nothing will build back better with the trillions in supplies stuck in the log jam of containers. You can’t build without stuff.

Article 1 Section 8“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow Money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;"

So start regulating quicker please.

What’s the point here? Ted Turner once said that he sleeps well at night because he knows he paid his taxes. So cheaters should be wary, especially when they claim “executive privilege”.

Loony Lisa acts like she has something to hide.

Obviously Lyin’ Lisa NEVER gets tired of being WRONG…

Time for Lisa and the GOP to start looking at factual data based on reality, for example …

Across all of the datasets, immigrants were clearly more likely to create a business than native-born Americans. For example, whereas 0.83% of immigrants in the workforce created a business between 2005 and 2010, just 0.46% of native-born Americans did likewise. A similar trend was observed among Fortune 500 companies.

https://www.forbes.com/sites/adigaskell/2020/11/11/immigrants-create-more-jobs-than-they-take/?sh=2d2ce0d119ea

I have to pay my taxes. Others should as well.

If this is such a great idea as Mandate Joe is saying, lets start with all the accounts of Democrats who voted him into office. They should be happy to be a test group to see how well the IRS does at monitoring there accounts. I’m sure the IRS is going to be fair and impartial in all aspects of spying on Americans bank transactions over $600. As fair as the FBI was on the investigation of the Russian spying allegations.

Hey, Lisa. Only rich people can benefit from the infrastructure bill?

I cannot help but wonder why the people who are being taxed the least are the ones who complain the most. As Mr. Spock used to say, “Fascinating.”

If you AGREE that the IRS should have all our data, please post your name, address and banking data below for the world to see! :-)

^^ More sage advice from the comic relief…

rescind the Bush/Trump tax-cuts, (except the deal about SALT deductions, that was fair) . . .get rid of loopholes.. .enforce more

and maybe dont spend on this traditional “bi-partisan” infrastructure pork

Now we’re getting back to normal GOP lies. The actual plan is to only raise taxes over $400,000 income.

Nother good one, Lisa. Got the haters triggered.

The funding for the IRS had been cut so they were auditing people that couldn’t afford high-priced accountants and lawyers. They are shifting their focus into auditing the wealthiest that pay little or no taxes while they make millions / billions in profit.

Next step after raising the top tax rates is to change the tax laws to charge income taxes on ALL income. Top execs get paid in stock and then they borrow against the stocks to avoid even the lower capital gains rates.

This is what happens when you order a President through the mail.

Libnorants will spend trillions on bills they haven’t read but want details on how you spend $600.

If tax laws were not changed at all, we could have billions more every year if the current laws were enforced. And, as noted above, those who are the biggest cheats are the ones who can afford the accountants, financial advisers, and contacts to do so. With limited funds, Internal Revenue has to go for lower-hanging fruit. Return on investment is pretty low under the circumstances.

All these people who are talking about getting rid of waste and fraud (at the same time talking about upholding law and order) should be agreeing with increasing enforcement. The fact that their actions are actually the opposite speaks volumes.

Cheats? The cheats pass the loopholes and use them.

Tax returns released by Mr. Biden and his wife Jill during the campaign showed that their use of an S corporation saved them $500,000 by avoiding the 3.8% self-employment tax. Republicans seized on the report by CRS, an independent public policy research institute for lawmakers that operates within the Library of Congress.

They said Mr. Biden improperly used S corporations in 2017 and 2018 when they raked in over $13 million from speaking fees and book sales. However, less than $800,000 of that was counted as salary that could be taxed for Medicare.

“Joe Biden wants to raise taxes by $2.1 trillion while claiming the rich need to pay their ‘fair share.’ But in 2017, multimillionaire Joe Biden skirted his payroll taxes — the very taxes that fund Medicare and ObamaCare,” Rep. Jim Banks, Indiana Republican, told the New York Post.

Sleepy Joe and Janet Yellen are making sure you pay your fair share if you have a garage sale.

That’s all you Liberals can do is insult. Of course, that’s all you’ve got. Can’t wait until President Trump sends Joe and Kamala packing. The libs will lose their collective minds – again! Haha!

Lisa, you need to make over $400,000 a year to even worry about that. Most people with that much income already enjoy tax deductions that will keep most of them still paying far less a percentage of their income than the rest of us. Meaning, they are still going to have plenty of money to spend, or more likely horde. In the meantime, we can fix/replace bridges roads, help working families balance work and parenting responsibilities, bring high speed internet to rural areas still not served, etc, etc, etc.

Many people with kids are already enjoying Biden’s tax cut in the form of child tax credit. Yes, people that was Joe, not Trump and not a single Republican.

I hate the IRS. It is more of criminal organization led by over looking politicians and going after middle and lower income. Some big offenders are owing millions of dollars, walking the halls of Congress and Senate, but never paying what they owe. Yet a person who makes around $30,000 to $50,000 and owes even $100.00 to $500.00, the IRS will lock their checking account in the Banks till they draw off each paycheck you make.

I watched CNN this morning. The border problem must be fixed. They didn`t mention it.

That pesky History and data…The international tax increases are intended to reduce profit shifting, i.e., the ability of U.S. MNEs to shift profits abroad where taxes are lower. However, we find that profit shifting would be made worse by the bill, as it would increase taxes on domestic income more than it would on foreign income. Specifically, the bill raises the statutory corporate tax rate 5.5 percentage points and raises the tax rate on Foreign Derived Intangible Income (FDII), while raising the effective tax rate on foreign income by between 2.4 and 5.1 percentage points over the budget window. On net, we estimate increased profit shifting by U.S. MNEs reduces revenue by $57.9 billion over a decade.3The negative impact of corporate taxes on economic growth is well-documented.5 An OECD study examining data from 63 countries concluded that corporate income taxes are the most economically damaging way to raise revenue, followed by individual income taxes, consumption taxes, and property taxes.6 A study on taxes in the United Kingdom found that taxes on consumption are less economically damaging than taxes on corporate and individual income.7 A study of U.S. tax changes since World War II found that a 1 percentage point cut in the average corporate tax rate raises real GDP per capita by 0.6 percent after one year, a somewhat larger impact than a similarly sized cut in individual income taxes.8 Based on U.S. state taxes, a study found that a 1 percentage point cut in the corporate tax rate leads to a 0.2 percent increase in employment and a 0.3 percent increase in wages.9

I am interested in seeing the model that shows how this will cost 0. Due to the plan’s economically costly and inefficient tax increases, we find that long-run GDP would drop by more than $2 for every $1 in new tax revenue.Using Tax Foundation’s General Equilibrium Model, we estimate that the Ways and Means tax plan would reduce long-run GDP by 0.98 percent, which in today’s dollars amounts to about $332 billion of lost output annually. We estimate the plan would in the long run raise about $152 billion annually in new tax revenue, conventionally estimated in today’s dollars, meaning for every $1 in revenue raised, economic output would fall by $2.18.When the model accounts for the smaller economy, it estimates that the plan’s dynamic effects would reduce expected new tax collections to about $112 billion annually over the long run (also in today’s dollars), meaning for every $1 in revenue raised, economic output would fall by $2.96.

Big Brother is watching you…thats the democratic Party. remember comrades free will is over rated. Look at the fools commenting on here! Sheeple