Off-Topic: Questions that Wallace won't ask
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Name:   CRD The author of this post is registered as a member - Email Member
Subject:   Questions that Wallace won't ask
Date:   9/29/2020 1:42:29 PM (updated 9/29/2020 1:49:10 PM)

Would be great if Joe would answer a few questions, but I doubt that Wallace will ask them....

(1) Joe enabled son Hunter Biden to receive $130 million Federal TALF  bailout funds in 2009. Hunter quit his job his father got for him as a Washington lobbyist in 2008 and started Hedge Fund Rosemont Seneca LLC with Senator Kerry's stepson Chris Heinz.  They funneled the millions in Profits thru offshore tax haven account in the Cayman islands.  They avoided substantial U.S.taxes.

(2) Joe and Jill Biden were paid over $13 million in speaking fees in 2017 (reportedly equal amount in 2018 but not released) besides the question of who would pay Joe millions to tell you stories about Corn Pop and hairy legs, let's look at how he reported taxes.  Joe and Jill set up two Sub-S corporations to deposit their windfall, thus avoiding paying their fair share of over $500,000 in Social Security and Benefits taxes.

Question: who paid (bribe) Biden's tens of millions to speak. Who does Joe owe "favors" to when he is President.  

(3) Hunter Biden and Joe Biden's Brothers have set up Hedge funds.  Hedge Funds take advantage of the Biggest tax loophole in the world , "Carried Interest" .  Hedge Funds take a portion of the fund gains in the fund as payment for management fee.  This is income but they say it is not and pay no income taxes.  They pay no taxes on this income until they withdraw it.  In the meantime they receive yearly compounded gains on the income without ever paying personal income taxes .

Two Questions: (a) Joe you state it's time for the wealthy to pay their fair share of taxes.  Will you repeal the Carried Interest tax law even though the Hedge funds and Wallstreet who have donated 100's millions to your campaign will be disappointed ?  (b) Hunter and Chris Heinz Rosemont Capital fund has made Ten's of $ Millions every year from dealings in Europe and China.  Do you now or have you ever owned shares in Rosemont Seneca LLC ?

(4) Joe proposes increased income taxes for those making over  $400,000.  Wallstreet (Goldman Sachs, Morgan Stanley, etc, etc, etc). Put their payrolls in an in-house fund.  They pay managers $300,000 to $400,000 salary to pay their bills, they then get a year-end bonus of millions from the fund that is considered "Carried Interest".  Wallstreet loves Joe, they won't pay any taxes on their income disguised as Carried Interest.  

JOE, are you going to repeal carried interest and uphold your promise to have the wealthy pay their fair share ?

(5) Joe also stated many corporations pay little and no U.S. taxes.  Joe said he will change that.   Companies like Amazon, Apple, Oil Companies, etc pay no U.S. taxes because the take advantage of "transfer pricing" and other loopholes to report no U.S. income . . .  ergo pay no income taxes.

Joe, you want corporations to pay more taxes. Pay their fair share .    Sounds great.   Joe, can you take the "lid" off your campaign , come out of your basement and please explain HOW ARE YOU GOING TO CLOSE THESE LOOPHOLES SO CORPORATIONS PAY THEIR FAIR SHARE ?

You will get more corporate taxes from U.S. small business that cant take advantage of these large loopholes.  You will destroy the small businesses in the U.S.  .   The engine for our economy.  

Same 'ol , same 'ol.   Democrats promise more income taxes for wealthy and corporations but never deliver.  They do increase taxes on the working middle class. 

 

Again, tax avoidance - legal but at times slimey

          tax evasion - illegal

 

I can't take credit for composing these facts and questions, but did find it informative reading.

 

CRD

 

Other messages in this thread:View Entire Thread
Questions that Wallace won't ask - CRD - 9/29/2020 1:42:29 PM
     Questions that Wallace won't ask - GoneFishin - 9/29/2020 3:34:33 PM
          Questions that Wallace won't ask - phil - 9/29/2020 3:45:29 PM
               Questions that Wallace won't ask - CRD - 9/29/2020 4:38:04 PM
               Phil - GoneFishin - 9/29/2020 5:37:05 PM
                    Phil - phil - 9/30/2020 8:16:21 AM
               CRD - GoneFishin - 9/29/2020 5:42:24 PM
                    CRD.... JUST FOR YOU - GoneFishin - 9/29/2020 7:35:06 PM
                    CRD - CRD - 9/29/2020 8:38:23 PM
                         CRD - PTClakefan - 9/29/2020 8:52:10 PM
          Hey CRD, here's the questions that need an answer - architect - 9/30/2020 7:48:54 AM
               Hey CRD...Answer to your infamous question - GoneFishin - 9/30/2020 9:46:11 AM
                    Hey CRD...Answer to your infamous question - MartiniMan - 9/30/2020 10:09:05 AM
                         Hey CRD...Answer to your infamous question - lakngulf - 9/30/2020 10:15:01 AM
               Hey CRD, here's the questions that need an answer - CRD - 9/30/2020 12:31:15 PM



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