Politics The Joe Biden Thread (4 Viewers)

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Independents, Black Men RIP Biden As Do Nothing President.

 
EL PRESIDENTE said:
Click to expand...

This is incorrect.

Here's what Politifact says:
" . . .
Neither proposal changes the taxes you are expected to pay. The Rescue Plan measure only applies to commercial transactions that are already considered taxable income — not Venmo transactions between friends for, say, happy hour drinks. And not commercial transactions that may not be considered taxable after expenses are deducted.

The Treasury proposal calls for financial institutions, including cash apps, to track total deposits and withdrawals to find major tax reporting discrepancies.

The Biden administration’s proposal
The Treasury proposal, which came out in May 2021 and is subject to congressional approval, is aimed at getting better information to find tax cheats.

Banks would report only the aggregate inflows and outflows that exceed $600, not details on individual transactions.

"Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $10," Treasury Secretary Janet Yellen said in a Sept. 28 Senate hearing. "And this is not a proposal to provide detailed transaction-level data by banks to the IRS."

The Treasury Department clarified further in an emailed statement to PolitiFact:

"The Administration’s bank reporting proposal does not track transactions in your bank account, or payments you make on Venmo, Paypal, or with any other payment service provider. The proposal adds two additional boxes to existing information reports that banks send to the IRS already. Specifically, total deposits and total withdrawals in a year."

The government says that having summary information about annual aggregate deposits and withdrawals (the Treasury Department describes them as inflows and outflows) will help flag when high-income people under-report their income and under-pay their tax obligations.

The new rules aren’t a new tax, as some people have suggested, but they do make it easier for the IRS to identify people who might not be paying their proper share of federal taxes."

Neither proposal changes the taxes you are expected to pay. The Rescue Plan measure only applies to commercial transactions that are already considered taxable income — not Venmo transactions between friends for, say, happy hour drinks. And not commercial transactions that may not be considered taxable after expenses are deducted.

The Treasury proposal calls for financial institutions, including cash apps, to track total deposits and withdrawals to find major tax reporting discrepancies.

The Biden administration’s proposal
The Treasury proposal, which came out in May 2021 and is subject to congressional approval, is aimed at getting better information to find tax cheats.

Banks would report only the aggregate inflows and outflows that exceed $600, not details on individual transactions.

"Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $10," Treasury Secretary Janet Yellen said in a Sept. 28 Senate hearing. "And this is not a proposal to provide detailed transaction-level data by banks to the IRS."

The Treasury Department clarified further in an emailed statement to PolitiFact:

"The Administration’s bank reporting proposal does not track transactions in your bank account, or payments you make on Venmo, Paypal, or with any other payment service provider. The proposal adds two additional boxes to existing information reports that banks send to the IRS already. Specifically, total deposits and total withdrawals in a year.

The government says that having summary information about annual aggregate deposits and withdrawals (the Treasury Department describes them as inflows and outflows) will help flag when high-income people under-report their income and under-pay their tax obligations.

The new rules aren’t a new tax, as some people have suggested, but they do make it easier for the IRS to identify people who might not be paying their proper share of federal taxes.
. . .
We rate this Mostly False."

https://www.politifact.com/factchec...rs-track-every-venmo-transaction-fact-checki/

Please don't make me do your research for you.
 
4.3 Million Workers Just Told Their Bosses To Shove It.

 
Lanny said:
Trump lost the electoral vote count exactly the same as Hillary lost to Trump and by a wider popular vote count than Trump's loss of the popular vote count to Hillary. Trump is a loser.
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If Hillary hadnt run Trump would not have won. Anyone else would of beat Trump. It was more of we dont want Hillary versus we want Trump.
 
Lanny said:
This is incorrect.

Here's what Politifact says:
" . . .
Neither proposal changes the taxes you are expected to pay. The Rescue Plan measure only applies to commercial transactions that are already considered taxable income — not Venmo transactions between friends for, say, happy hour drinks. And not commercial transactions that may not be considered taxable after expenses are deducted.

The Treasury proposal calls for financial institutions, including cash apps, to track total deposits and withdrawals to find major tax reporting discrepancies.

The Biden administration’s proposal
The Treasury proposal, which came out in May 2021 and is subject to congressional approval, is aimed at getting better information to find tax cheats.

Banks would report only the aggregate inflows and outflows that exceed $600, not details on individual transactions.

"Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $10," Treasury Secretary Janet Yellen said in a Sept. 28 Senate hearing. "And this is not a proposal to provide detailed transaction-level data by banks to the IRS."

The Treasury Department clarified further in an emailed statement to PolitiFact:

"The Administration’s bank reporting proposal does not track transactions in your bank account, or payments you make on Venmo, Paypal, or with any other payment service provider. The proposal adds two additional boxes to existing information reports that banks send to the IRS already. Specifically, total deposits and total withdrawals in a year."

The government says that having summary information about annual aggregate deposits and withdrawals (the Treasury Department describes them as inflows and outflows) will help flag when high-income people under-report their income and under-pay their tax obligations.

The new rules aren’t a new tax, as some people have suggested, but they do make it easier for the IRS to identify people who might not be paying their proper share of federal taxes."

Neither proposal changes the taxes you are expected to pay. The Rescue Plan measure only applies to commercial transactions that are already considered taxable income — not Venmo transactions between friends for, say, happy hour drinks. And not commercial transactions that may not be considered taxable after expenses are deducted.

The Treasury proposal calls for financial institutions, including cash apps, to track total deposits and withdrawals to find major tax reporting discrepancies.

The Biden administration’s proposal
The Treasury proposal, which came out in May 2021 and is subject to congressional approval, is aimed at getting better information to find tax cheats.

Banks would report only the aggregate inflows and outflows that exceed $600, not details on individual transactions.

"Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $10," Treasury Secretary Janet Yellen said in a Sept. 28 Senate hearing. "And this is not a proposal to provide detailed transaction-level data by banks to the IRS."

The Treasury Department clarified further in an emailed statement to PolitiFact:

"The Administration’s bank reporting proposal does not track transactions in your bank account, or payments you make on Venmo, Paypal, or with any other payment service provider. The proposal adds two additional boxes to existing information reports that banks send to the IRS already. Specifically, total deposits and total withdrawals in a year.

The government says that having summary information about annual aggregate deposits and withdrawals (the Treasury Department describes them as inflows and outflows) will help flag when high-income people under-report their income and under-pay their tax obligations.

The new rules aren’t a new tax, as some people have suggested, but they do make it easier for the IRS to identify people who might not be paying their proper share of federal taxes.
. . .
We rate this Mostly False."

https://www.politifact.com/factchec...rs-track-every-venmo-transaction-fact-checki/

Please don't make me do your research for you.
Click to expand...


You do your research pretty poorly.

The quote said: "Biden plan would give IRS power to track bank accounts with $600 or more."

Nothing about venmo, individual deposits, and withdrawals. Just the power to track bank accounts.
 
EL PRESIDENTE said:
You do your research pretty poorly.

The quote said: "Biden plan would give IRS power to track bank accounts with $600 or more."

Nothing about venmo, individual deposits, and withdrawals. Just the power to track bank accounts.
Click to expand...
LOL ha ha, I quoted their web page. Are you unable to read? and what is a 'venmo'?
 
Workers Quit In Record Numbers In Healthcare, Retail, Food.

 
Tucker Carlson is bent out of shape because Transportation Secretary Pete Butttigieg took parental leave, asking mockingly if Buttigieg needs to learn how to breast feed.
Along with their stringent vaccine requirements, Fox News also grants paternity leave and many employees have used it. But they weren't gay Democrats.
 
crandc said:
Tucker Carlson is bent out of shape because Transportation Secretary Pete Butttigieg took parental leave, asking mockingly if Buttigieg needs to learn how to breast feed.
Along with their stringent vaccine requirements, Fox News also grants paternity leave and many employees have used it. But they weren't gay Democrats.
Click to expand...

You have to remember that Fox represents the true Americans that value family. Oh, wait.
 
crandc said:
Tucker Carlson is bent out of shape because Transportation Secretary Pete Butttigieg took parental leave, asking mockingly if Buttigieg needs to learn how to breast feed.
Along with their stringent vaccine requirements, Fox News also grants paternity leave and many employees have used it. But they weren't gay Democrats.
Click to expand...

I read this on twitter, not 100% sure it's true but it's certainly plausible:

In 1991, the 22-year old Tucker Carlson described himself in his college yearbook as a member of the Dan White Society. White was the homophobe who in 1978 assassinated San Francisco Mayor George Moscone and Supervisor Harvey Milk.

barfo
 
EL PRESIDENTE said:
You do your research pretty poorly.

The quote said: "Biden plan would give IRS power to track bank accounts with $600 or more."

Nothing about venmo, individual deposits, and withdrawals. Just the power to track bank accounts.
Click to expand...

The reporter said "tracking of transactions that are greater than $600". Maybe that includes deposits? Did the reporter have it wrong?
 
As CIA Ramps Up Anti-China Actions, Why Doesn’t Congress Oppose Biden’s “New Cold War”?

 
Biden Silent on Strikes After Claiming to be Most Pro-Union President Ever.



Biden is a straight up liar.
 
Starbucks, Dollar General Caught In Crazy Anti-Union Plots.



As long as companies can get away with busting attempts by workers to unionize, even under Biden. There is no help at all for American workers.
 
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Agriculture secretary will visit John Deere strikers on picket line tomorrow to show support.

Nazi supporter Sebastian Gorka is also outraged about Pete Buttigieg's paternity leave. Pointed out Buttigieg did not give birth, which is why it's called paternity and not maternity, also ignoring fact family leave act covers adoption. But what really ruffles his fascist feathers is Chasten being called husband. Although he is.
 
Meanwhile, in the construction economy, prices continue to increase, while material availability continues to decrease.

This is the maim foundation for inflation.

So people quitting their jobs, stemming their income and hindering the economic flow, will end up paying more for their goods and services, with less money in hand.

great plan…
 
crandc said:
Agriculture secretary will visit John Deere strikers on picket line tomorrow to show support.

Nazi supporter Sebastian Gorka is also outraged about Pete Buttigieg's paternity leave. Pointed out Buttigieg did not give birth, which is why it's called paternity and not maternity, also ignoring fact family leave act covers adoption. But what really ruffles his fascist feathers is Chasten being called husband. Although he is.
Click to expand...
Absolutely
 
Orion Bailey said:
Meanwhile, in the construction economy, prices continue to increase, while material availability continues to decrease.

This is the maim foundation for inflation.

So people quitting their jobs, stemming their income and hindering the economic flow, will end up paying more for their goods and services, with less money in hand.

great plan…
Click to expand...
Supply and demand...as we have done here by eliminating our oil producing capacities, price of gas has sky rocketed and will go up more and more. When you affect supply only prices go up.
 
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