Warren 2020

INdemo

(7,020 posts)

11. If Bloomberg will spend 100 million why is he worried about a 2% Wealth Tax

Sun Dec 15, 2019, 02:39 PM

Dec 2019

He has not complained about Trump's tax give-a-way tax for the rich. Bloomberg would still have a tax break of nearly 18% That's right 18%.. Which probably means with a very good tax consultant he will pay 0 Tax

The deduction, which ranges up to 20% , will shower $40.2 billion in tax breaks on owners of pass-throughs — largely businesses owned by an individual or a partnership, or those "S" corporations that kick income and losses to shareholders for tax purposes — in 2018, the Joint Committee on Taxation estimated. The provision was included in the larger overhaul of tax rates enacted in December.

https://www.nbcnews.com/politics/politics-news/special-trump-tax-provision-gives-17-billion-break-millionaires-gov-n868511

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Biden allies are worried a Bloomberg candidacy could clinch the nomination for Warren [View all] crazytown Nov 2019 OP

I don't know how much it hurts Joe... jcgoldie Nov 2019 #1

Message auto-removed Name removed Nov 2019 #2

Bloomberg said he will spend $100 million crazytown Nov 2019 #3

Message auto-removed Name removed Nov 2019 #4

If Bloomberg will spend 100 million why is he worried about a 2% Wealth Tax INdemo Dec 2019 #11

Per this article as well, BlueMTexpat Nov 2019 #5

Yes I posted it here. crazytown Nov 2019 #6

Sorry for reposting that link BlueMTexpat Nov 2019 #7

The presence of a billionaire representing Wall Street crazytown Nov 2019 #8

That is what we all hope! BlueMTexpat Nov 2019 #9

The way I see it is this - crazytown Nov 2019 #10