The Democrat Utopia

Archy1221 said:
LOL.. the Patron Saint of Democrats’ actions flies in the face of rhetoric he spouted to his cult.  
 

https://www.leefang.com/p/obamas-personal-investment-deals

However, since leaving the presidency, Obama has employed a similar tax strategy to potentially only pay capital gains taxes for the services he has provided to private business interests. 

One example of this is Obama's strategic partnership with NBA Africa, which was announced in July 2021, as part of an expansion of Africa's largest men’s basketball league. According to private information I obtained, the deal is structured as a "profit interest" share.

This agreement enables Obama to possess a “minority ownership stake” in the NBA Africa venture without making any upfront cash investments.

A profit interest share essentially guarantees a portion of future profits through a contractual promise. Celebrities and sophisticated investors often employ this compensation structure as a legal mechanism to minimize taxes resulting from endorsement deals or advisory services. 

If certain monetization events occur, such as the sale of NBA Africa, the income Obama receives from the partnership will only be taxed at capital gains, a rate of 20%. Ordinary business income generated from the deal would be taxed as income.
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Is this against the law?  If so, prosecute him.

I guess this is one way to get the Republicans to agree to fund the IRS the way it should be.

 
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BigRedBuster said:
You posted something claiming he's doing things to avoid taxes.  Well....if it's illegal, prosecute him.  If not....why are you posting this?
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Ummmm, well no one is talking legality but you :facepalm:

The Savior wants higher tax rates yet won’t structure his business dealing in a way so that he pays the higher tax rate.   He’s exposed as a hypocrite as are almost all limousine liberals when it comes to taxes. 
 

Just so I’m aware for future.  It seems your standard for making a post nowadays is whether the post references if something is illegal or not  :laughpound

 
Archy1221 said:
Ummmm, well no one is talking legality but you :facepalm:

The Savior wants higher tax rates yet won’t structure his business dealing in a way so that he pays the higher tax rate.   He’s exposed as a hypocrite as are almost all limousine liberals when it comes to taxes. 
 

Just so I’m aware for future.  It seems your standard for making a post nowadays is whether the post references if something is illegal or not  :laughpound
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So, he’s being smart with his taxes….not breaking the law…..and this is some form of gotcha moment. 
 

mmmmK.  

 
Archy1221 said:
Ummmm, well no one is talking legality but you :facepalm:

The Savior wants higher tax rates yet won’t structure his business dealing in a way so that he pays the higher tax rate.   He’s exposed as a hypocrite as are almost all limousine liberals when it comes to taxes. 
 

Just so I’m aware for future.  It seems your standard for making a post nowadays is whether the post references if something is illegal or not  :laughpound
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I'm pretty sure Obama wasn't in favor of higher taxes. But I agree that's a major failing of the Dem party leadership.

 
Archy1221 said:
Ummmm, well no one is talking legality but you :facepalm:

The Savior wants higher tax rates yet won’t structure his business dealing in a way so that he pays the higher tax rate.   He’s exposed as a hypocrite as are almost all limousine liberals when it comes to taxes. 
 

Just so I’m aware for future.  It seems your standard for making a post nowadays is whether the post references if something is illegal or not  :laughpound
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Honestly, I appreciate that he is exposed as a hypocrite, we are all hypocrites so it is good that people that voted for him realize it, accept it and realize that in the end, most people are "in it" for themselves first.

I think that is in The Prince by Machiavelli or John Wick 3.

 
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4 hours ago, nic said:

I assume everyone has heard about the White House Pride Event where the trans activist bared the new boobs and got banned. 

https://www.google.com/amp/s/www.nbcnews.com/news/amp/rcna89116

The video made me think of this clip from Jumaji where Frig and Martha switched avatars. ...Gotta play it until the end.

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It is disgusting that they got banned for what is essentially being who they are!  Who do you ban next?  If you are a Biden fan this is a slippery slope of ugliness.  

 
Archy1221 said:
he was and Obama is using a Capital Gains structure for some of his ventures in order to secure a lower tax rate on his profits, yet advocated for a higher cap gains rate

https://www.forbes.com/sites/robertwood/2015/03/25/u-s-capital-gain-rate-among-worlds-highest-but-president-obama-wants-more/amp/
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Hey look at that, Obama did try and do something in his second term. My mistake. Too bad the GOP didn't let him raise the capital gains or Obama would be paying more taxes now.

 
Archy1221 said:
he was and Obama is using a Capital Gains structure for some of his ventures in order to secure a lower tax rate on his profits, yet advocated for a higher cap gains rate

https://www.forbes.com/sites/robertwood/2015/03/25/u-s-capital-gain-rate-among-worlds-highest-but-president-obama-wants-more/amp/
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All politicians, both parties, are guilty of being hypocrites and making laws and using the laws they made for their personal benefit. We the people have allowed them to become an untouchable aristocracy. They keep the partisan BS flowing and the masses keep playing along, as they stay fat, dumb, rich, criminal and happy and we’re screwed and stuck with the bill. Fixing this one thing would be the most beneficial thing that could happen to this country.

 
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nic said:
I am just going to learn people's names... maybe avoid going to jail for not learning 6 pronouns and 72 sub pronouns...or wherever the count is today. If people want to be unique they have a name...unless you are the artist formerly known as Prince 

https://www.google.com/amp/s/rare.us/rare-politics/issues/regulation-nation/michigan-house-approved-law-to-protect-peoples-pronouns/amp/
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All you have to do to be safe and fine and in the clear is not willfully harass or threaten or terrorize someone on the basis of their gender identity. Really not that hard.

Fz0Bq5EXgAIothc


 
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