Probably trying not to be overly inflammatory, you don't spell out the suspicion that the candidate herself has no idea what the difference between a tax credit and a tax deduction is, nor their disparate impacts on a business. Nor does she care. She's just throwing chum out there for the rubes. And the position of 'tax expert' on her campaign staff is, how do we say, unfilled at the moment.
But we're not all rubes out here. I've found a new dentist in Sugar Land since my move, and went for my first visit yesterday. A good guy who also grew up in Southern California (note he's in Texas now), he explained that his parents were Cuban emigres and had started a Cuban sandwich shop which has expanded to a network of 6 in the LA area. While poking around my mouth and looking at X-rays, he asked if I had heard of Kamala's tax on unrealized gains? He went off on how crazy it was and I mumbled my agreement. He ended by saying, "and Janet agrees with me", Janet being the hygienist holding the sucker tube.
If I can have an intelligent conversation on tax policy during my first dentist visit, then there are people out here paying attention. Keep up the good work.
Unfortunately, most voters in this country have little desire, and in some cases the ability, to understand this issue. The politicians know this. Like Rick, I wonder how much the VP understands. She will clearly say whatever is required to get elected, whether she believes it or understands it. Yet, in this country a largely ignorant electorate will take it hook, line and sinker. She knows that much.
Regrettably I fear that you are correct about. I tried to make this understandable for the average and somewhat uninformed reader, but probably didn’t succeed.
I think the bigger issue is lack of curiosity and desire to do the work to understand. All the people need to hear is somehow it’s more free stuff for them and they don’t think about the consequences.
Pandering to the consulting class in the deep state/swamp. If you have a good rep with the political class and want to branch out as an LLC you could generate $50k in current year expenses. And getting start up capital would not be a stretch. Right now you already get to deduct multiple methods that could raise to this amount, so it is “smoke and mirrors “.
One clarification. My understanding is that all first – year expenses are not covered. The only ones that are allowed as deductions are expenses before the taxpayer actually opens for business.
Harris' entire campaign is built on smoke and mirrors. She's purposely ambiguous in her statements, partly because she's an empty suited know-nothing and partly because she and her puppeteers don't want the policies they're going to cram down our throats subjected to pre-election scrutiny.
It's a variation of the old Pelosi tactic: You've got to elect Kamala before she'll tell you what she's going to do.
Unfortunately, her disingenuousness stands a very good chance of getting her elected.
Well, at least the Roman Empire lasted for roughly 1000 years. Today’s totalitarians seemed determined to do away with our Republic in a much shorter time.
Probably trying not to be overly inflammatory, you don't spell out the suspicion that the candidate herself has no idea what the difference between a tax credit and a tax deduction is, nor their disparate impacts on a business. Nor does she care. She's just throwing chum out there for the rubes. And the position of 'tax expert' on her campaign staff is, how do we say, unfilled at the moment.
But we're not all rubes out here. I've found a new dentist in Sugar Land since my move, and went for my first visit yesterday. A good guy who also grew up in Southern California (note he's in Texas now), he explained that his parents were Cuban emigres and had started a Cuban sandwich shop which has expanded to a network of 6 in the LA area. While poking around my mouth and looking at X-rays, he asked if I had heard of Kamala's tax on unrealized gains? He went off on how crazy it was and I mumbled my agreement. He ended by saying, "and Janet agrees with me", Janet being the hygienist holding the sucker tube.
If I can have an intelligent conversation on tax policy during my first dentist visit, then there are people out here paying attention. Keep up the good work.
Thanks for your comment, Rick . I think that the point you make answers the question in my conclusion: “ Does anyone think she understands this?”
The question that truly answers itself.
Unfortunately, most voters in this country have little desire, and in some cases the ability, to understand this issue. The politicians know this. Like Rick, I wonder how much the VP understands. She will clearly say whatever is required to get elected, whether she believes it or understands it. Yet, in this country a largely ignorant electorate will take it hook, line and sinker. She knows that much.
Regrettably I fear that you are correct about. I tried to make this understandable for the average and somewhat uninformed reader, but probably didn’t succeed.
I think the bigger issue is lack of curiosity and desire to do the work to understand. All the people need to hear is somehow it’s more free stuff for them and they don’t think about the consequences.
Ancien régime. Classic.
Pandering to the consulting class in the deep state/swamp. If you have a good rep with the political class and want to branch out as an LLC you could generate $50k in current year expenses. And getting start up capital would not be a stretch. Right now you already get to deduct multiple methods that could raise to this amount, so it is “smoke and mirrors “.
One clarification. My understanding is that all first – year expenses are not covered. The only ones that are allowed as deductions are expenses before the taxpayer actually opens for business.
Harris' entire campaign is built on smoke and mirrors. She's purposely ambiguous in her statements, partly because she's an empty suited know-nothing and partly because she and her puppeteers don't want the policies they're going to cram down our throats subjected to pre-election scrutiny.
It's a variation of the old Pelosi tactic: You've got to elect Kamala before she'll tell you what she's going to do.
Unfortunately, her disingenuousness stands a very good chance of getting her elected.
I feel like I'm living in Rome in 476AD.
Well, at least the Roman Empire lasted for roughly 1000 years. Today’s totalitarians seemed determined to do away with our Republic in a much shorter time.