Go back to previous topic
Forum nameGeneral Discussion
Topic subjectI'm roughly half way through (20% chapter) and my mind is numb
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13405264&mesg_id=13405297
13405297, I'm roughly half way through (20% chapter) and my mind is numb
Posted by Nodima, Sun Sep-27-20 08:30 PM
I've been a one W2, one tax filing guy my entire life. You always hear about how taxes can actually be a special kind of intense - my mom caught me off guard when she told me she was leaving the bookstore she'd been working at part-time on the side of her full-time teaching job for over two decades not because she didn't enjoy it anymore but because she was actually losing money keeping that job now that she was retired from teaching.


The idea that you could have more total income by working LESS is bonkers to me, but here I am reading this fucking thing like...


"Mr. Trump had paid no income taxes in 2008. But the change meant that when he filed his taxes for 2009, he could seek a refund of not just the $13.3 million he had paid in 2007, but also the combined $56.9 million paid in 2005 and 2006, when “The Apprentice” created what was likely the biggest income tax bite of his life.

The records reviewed by The Times indicate that Mr. Trump filed for the first of several tranches of his refund several weeks later, in January 2010. That set off what tax professionals refer to as a “quickie refund,” a check processed in 90 days on a tentative basis, pending an audit by the I.R.S.

His total federal income tax refund would eventually grow to $70.1 million, plus $2,733,184 in interest. He also received $21.2 million in state and local refunds, which often piggyback on federal filings.

Whether Mr. Trump gets to keep the cash, though, remains far from a sure thing."


Money is fucking pointless.


~~~~~~~~~
"This is the streets, and I am the trap." � Jay Bilas
http://www.popmatters.com/pm/archive/contributor/517
Hip Hop Handbook: http://tinyurl.com/ll4kzz