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📄 Every April, Americans don’t file “returns.” They file confessions. Income taxes reward waste, punish work, and fund a system that loses trillions with a shrug. There’s a simpler way—and the math already works. 🧮
READ NOW: https://www.undergroundusa.com/p/ending-waste-fraud-and-corruption
TaxReform #FiscalAccountability #EconomicFreedom #SmallerGovernment #EndWaste
An open letter to the U.S. Congress
Pass President Biden’s budget!
890 so far! Help us get to 1,000 signers!
At a time when working families are having trouble affording everything from healthcare to education to housing to food, we need a budget that lowers costs for millions of households―paid for by making the wealthy and big corporations pay their fair share.
President Biden’s FY2025 budget would expand the Child Tax Credit, expand Affordable Care Act subsidies to help millions of people afford healthcare in states that haven’t expanded Medicaid, invest in free pre-K for 2 million kids, implement a national paid family and medical leave program, provide free community college, expand Social Security’s modest benefits, and more.
It would also reduce the national debt by nearly $3 trillion.
He does this by raising the corporate tax rate, implementing a 25% tax on the wealth gains of billionaires and ultra-millionaires, ending tax breaks for excessive CEO pay, closing loopholes that encourage corporations to ship jobs and profits offshore, and much more.
I urge Congress to pass President Biden’s FY2025 budget to invest in working people and our future. By wide margins, the American people think that the wealthy and large profitable corporations should pay more of their fair share in taxes. So endorsing the president’s budget is not only good policy, it’s good politics. Thanks!
▶ Created on March 15 by Jess Craven
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This is the second year in a row the trillion dollar company won't pay
Not only is Amazon paying ZERO in taxes — it’s getting a tax rebate aka refund of $129 million ¯\_(ツ)_/¯
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00.
According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail / retail/ tech / entertainment / everything giant won’t have to pay a cent in federal taxes for the second year in a row.
This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018.
To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate—making its tax rate -1%.
Who’s going to pay for Trump’s $22 TRILLION national debt? #AMZN and corporate America, NOT US!
End #Plutocracy End #Corporatocracy #FairTaxesNow #TaxReformNow
#TaxTuesday - #Business Meals are Still Deductible ~ #TaxCuts #TaxReform #TaxTips #TaxLaw #ELCPA #TCJA#TaxDeduction ~ http://elcpacom.client-sites.com/43541/Rejoice-Business-Meals-Are-Still-Deductible/ (at Ed Lloyd & Associates, PLLC) https://www.instagram.com/p/BqIer1-lH1o/?utm_source=ig_tumblr_share&igshid=1rv4zrcxme84
TAX REFORM AND IRC § 199A DEDUCTION OF QUALIFIED BUSINESS INCOME OF PASS-THROUGH ENTITIES: * Deduction equal 20% of Qualified Business Income (QBI). * Generally available to owners of pass-through business. * Limited for Specified Service Businesses * Limited by the business owner’s taxable income. * Taxpayers who are owners of: * Sole proprietors (Schedule C) * Sole owners or tenancy in common of rental estate (Schedule E) * S-Corporation owners (Form 1120S) * Partnership owners (Form 1065) * #IRC199A #SmallBusiness #Deduction #TrustPlanning #GiftPlanning #Ideas #Qualified #Business #Income #TaxReform
This is how they pushed the bill through: this video is from just hours before the vote.
The bill is one step closer to being signed into law by Donald Trump.
Make no mistake.
THIS.
FIGHT.
ISN’T.
OVER.
#NotOnePenny
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