Death and Taxes
Posted in rantings and ravings on September 29th, 2020 by skeeterIf you claimed to be worth 10 billion dollars, and you probably don’t, you might expect to pay some serious pesos to the IRS every year. I mean, unless you had a few legitimate deductions. Like bankrupt casinos, say. Or payouts to porn queens to maintain a discreet silence. But would it seem unlikely that in the past 15 years you paid out nothing for 10 of those and 750 bucks two of those years? Mr. T., when asked about this, claimed he had paid very large amounts. We’ll see them as soon as the audits are completed, he told us again. Those audits apparently are very slow.
I suspect that in Mr. T’s mind, 750 bucks is excessive. I would tell you that my own were 10 times that, but … you’ll have to wait until my own audit is complete. What I can say without advice from my fixer — I mean my attorney — is that most of us in this country pay 10 times that. Right off hand, the only folks I know who pay what Donald pays are Amazon and GE and about 50 other corporations on the Fortune 500. This is what is called capitalism and if you’re scared pantless about encroaching socialism, trust me, the vultures have already eaten your BVD’s so quit sweating, you’ve been taken to the cleaners already.
In America the rich write the tax laws. The rich can afford lawyers and tax accountants who can decipher the legalese and navigate the labyrinth. It may be that everything these corporations and Trump Inc. declare as legitimate deductions are on the up and up. 70,000 dollars for his haircuts? Well, the man has to look his best. 100,000 for Ivanka’s stylist? Sure, why not? I spent 15 dollars on my one haircut last year and I forgot to deduct it. Stupid me. I once went to England and my buddy who was an accountant said let’s go to a cathedral, look at the stained glass and you can write off the whole trip. I said I couldn’t do that. He said it’s perfectly legal. I said it might very well be, but it wouldn’t be right. Stupid me.
While giving the wealthy tax breaks, we’re running up trillion dollar deficits. As the pandemic lockdowns drag the poorest of us into crisis mode, we stopped giving unemployment aid to the worst off. If any of you think we’re all in this predicament together, I have a golf course in Florida you might like to buy. Great tax deduction when you add up the losses.
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