Jury selection will start in October for Trump Organization criminal trial

[Loulit01]

Jury selection will start in October for Trump Organization criminal trial​

In the first public courtroom proceeding in this case in almost a year, Manhattan Supreme Court Justice Juan Merchan denied multiple defense motions to dismiss the case and ordered jury selection to begin Oct. 24.

Jury selection will start in October for Trump Organization criminal trial

The Trump Organization and its former chief financial officer are accused of conspiring to evade federal, state and local taxes over a 16-year period. They deny the charges and any wrongdoing.

www.npr.org

And away we go...

 

[snakestretcher]

Jury selection will start in October for Trump Organization criminal trial​

In the first public courtroom proceeding in this case in almost a year, Manhattan Supreme Court Justice Juan Merchan denied multiple defense motions to dismiss the case and ordered jury selection to begin Oct. 24.

Jury selection will start in October for Trump Organization criminal trial

The Trump Organization and its former chief financial officer are accused of conspiring to evade federal, state and local taxes over a 16-year period. They deny the charges and any wrongdoing.

www.npr.org

And away we go...

Trump believes tax evasion proves how 'smart' he is. I doubt a jury would be of the same opinion.

 

[bongsaway]

Trump believes tax evasion proves how 'smart' he is. I doubt a jury would be of the same opinion.

Tell me that is not a look of smugness on his face. Yeah I'm a criminal, yeah I cheat on my taxes because I'm smart.

 

[Loulit01]

Trump's far from the only rich slimeball or Fortune 500 corporation to pay little or nothing in taxes. They do it completely legally because they've twisted the tax code in their favor. The tax code, like the justice and healthcare systems, is broken.

Corporations are screaming about a 15% tax when the average paycheck for working people is taxed at over 30%.

 

[Hatuey]

Trump: I paid 0 in income tax, that makes me smart.

IRS: Brah....

 

[TU Curmudgeon]

Trump's far from the only rich slimeball or Fortune 500 corporation to pay little or nothing in taxes. They do it completely legally because they've twisted the tax code in their favor. The tax code, like the justice and healthcare systems, is broken.

Corporations are screaming about a 15% tax when the average paycheck for working people is taxed at over 30%.

The "average annual income" in the US is $63,214.

The "average person" lives in a household with a total of 3.4 people in it. That would work out to "Spouse A", + "Spouse B" + "Child C" + "Child 0.4D". For the sake of simplicity, round that down to "Taxpayer A" plus "Dependent B" and "Dependent C".

On an income of $63,214 a 35 year old person with two dependents and who takes the "standard deduction" will pay $4,176 in federal income tax. That works out to around 6.61%.

The last time I checked, the only people who thought that $4,176 was over 30% of $63,214 were the same people who believed that the absolute maximum number of COVID-19 cases in the US would never exceed 130,000 and that the absolute maximum number of COVID-19 deaths in the US would never exceed 10,400.

PS - When I was working, I should have been paying income tax at an "effective tax rate" of around 15.2%. I was, in fact, paying income tax at an "effective tax rate" of between 4% and 7% (and actually lower than that once you calculate in the 100% refunds that I received for the last five years I worked).

PPS - All that anyone needs to do to do the same thing is to hire a really good tax planning accountant and follow their income structuring advice.

 

[Loulit01]

The "average annual income" in the US is $63,214.

The "average person" lives in a household with a total of 3.4 people in it. That would work out to "Spouse A", + "Spouse B" + "Child C" + "Child 0.4D". For the sake of simplicity, round that down to "Taxpayer A" plus "Dependent B" and "Dependent C".

On an income of $63,214 a 35 year old person with two dependents and who takes the "standard deduction" will pay $4,176 in federal income tax. That works out to around 6.61%.

The last time I checked, the only people who thought that $4,176 was over 30% of $63,214 were the same people who believed that the absolute maximum number of COVID-19 cases in the US would never exceed 130,000 and that the absolute maximum number of COVID-19 deaths in the US would never exceed 10,400.

PS - When I was working, I should have been paying income tax at an "effective tax rate" of around 15.2%. I was, in fact, paying income tax at an "effective tax rate" of between 4% and 7% (and actually lower than that once you calculate in the 100% refunds that I received for the last five years I worked).

PPS - All that anyone needs to do to do the same thing is to hire a really good tax planning accountant and follow their income structuring advice.

Mean, median, mode. Careful how you use averages.

You're talking about federal income tax. The average person pays much more in taxes and deductions than just federal income tax. In addition, there are all the hidden taxes that people pay and corporations do not.

 

[madman]

Jury selection will start in October for Trump Organization criminal trial​

In the first public courtroom proceeding in this case in almost a year, Manhattan Supreme Court Justice Juan Merchan denied multiple defense motions to dismiss the case and ordered jury selection to begin Oct. 24.

Jury selection will start in October for Trump Organization criminal trial

The Trump Organization and its former chief financial officer are accused of conspiring to evade federal, state and local taxes over a 16-year period. They deny the charges and any wrongdoing.

www.npr.org

And away we go...

just a "hoax" after "hoax" after "hoax"

 

[Cope]

The "average annual income" in the US is $63,214.

The "average person" lives in a household with a total of 3.4 people in it. That would work out to "Spouse A", + "Spouse B" + "Child C" + "Child 0.4D". For the sake of simplicity, round that down to "Taxpayer A" plus "Dependent B" and "Dependent C".

On an income of $63,214 a 35 year old person with two dependents and who takes the "standard deduction" will pay $4,176 in federal income tax. That works out to around 6.61%.

This doesn't include the taxes that the employer pays, for you.

The last time I checked, the only people who thought that $4,176 was over 30% of $63,214 were the same people who believed that the absolute maximum number of COVID-19 cases in the US would never exceed 130,000 and that the absolute maximum number of COVID-19 deaths in the US would never exceed 10,400.

PS - When I was working, I should have been paying income tax at an "effective tax rate" of around 15.2%. I was, in fact, paying income tax at an "effective tax rate" of between 4% and 7% (and actually lower than that once you calculate in the 100% refunds that I received for the last five years I worked).

PPS - All that anyone needs to do to do the same thing is to hire a really good tax planning accountant and follow their income structuring advice.

 

[TU Curmudgeon]

Mean, median, mode. Careful how you use averages.

You're talking about federal income tax. The average person pays much more in taxes and deductions than just federal income tax. In addition, there are all the hidden taxes that people pay and corporations do not.

The original claim was "... the average paycheck for working people is taxed at over 30%" (emphasis added).

That means that what has to be considered is what taxes are taken off the "average paycheck". What the person pays in taxes outside of what is deducted from their "paycheck" is totally irrelevant when calculating what rate their "average paycheck" is taxed at.

PS - If you don't like the calculations, feel free to actually do your own and get back to me.

PPS - In order to be subjected to an "effective tax rate " of 29.7% (still short of the 30% claimed) the sample taxpayer I postulated earlier would have to have a gross income of $900,000. This (I don't think) quite qualifies as an "average income" in the US (although I will grant the possibility that it is the "average income" of some groups in the US [and that means that there is a possibility that someone might not know anyone outside that group "so that would mean that that person actually believed that the "average American" lived in a "three person family" with a "single income earner" whose annual income as "slightly over $900,000"}]).

 

[TU Curmudgeon]

This doesn't include the taxes that the employer pays, for you.

The 30% tax rate claim was for the taxes deducted from the "average paycheque".

Don't attempt to relocate goalposts in the middle of the game.