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School, House, and Jobs: THE VIII TE HOUSE
Every child has the right
to fulfill their potential,
and, if we do our jobs, then
we will never have to tell
young, striving Americans
to defer their dreams for
another day or for
another decade.
President Trump
"EVERY child has the right to fulfill their potential, and, if we do our jobs, then we will never have to tell young, striving Americans to defer their DREAMS for another day or for another decade."
School Choice Event: youtu.be/ugnd-uKHvGY
"EVERY child has the right to fulfill their potential, and, if we do our jobs, then we will never have to tell young, striving Americans to ...
![Memes, 🤖, and The Others: Michelle Obama Wrote Yara Shahidi
A College Letter Of
Recommendation
@balleralert
Michelle Obama Wrote Yara Shahidi A College Letter Of Recommendation - blogged by: @eleven8 ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ What’s the best way to ensure that you’ll get into any college of your choosing? Have the most awesome FLOTUS write your college recommendation letter. ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ YaraShahidi, who graduates from high school this year, plans to double-major in African American studies and sociology. She applied to four colleges, including Harvard, and according to WMagazine, former First Lady MichelleObama not only gave Yara a pep talk before she took her AP exams, she also wrote the young star a college recommendation letter. ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ “She is very amazing and such a supporter, which is something very surreal to say,” Shahidi said. ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ Like Malia Obama, Yara plans to defer college for at least a year. She told People Magazine back in October, “I know when Malia Obama announced [she was deferring], she got a lot of flack, but I feel like what’s interesting is I know so many people that are deferring. It’s more than to just roam around or just sit down and stare at a wall, but it will also give me an opportunity to work,” Shahidi says. “I’ve been working more than half of my life and that’s always been balanced with school and all of the other responsibilities, so to have a year to focus on work and to focus on specified interests will be nice before I pick a career and choose what I want to study and my life path.” ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ Yara has currently landed her very own Black-ish spin-off, which will focus on her character’s college life. Congrats to her!](https://pics.me.me/thumb_michelle-obama-wrote-yara-shahidi-a-college-letter-of-recommendation-17324888.png)
Bad, Family, and Instagram: ALONZOLERONE
thebootydiaries
i want a pet bagel so bad
#uh same
Dumbest Fails On The Internet #48 | The
ROAST of Idiots
21,960 views
thebootydiaries:
thebootydiaries:
AGSJSHSJXXHC
A video posted by farha (@shutupfarha) on Jul 4, 2016 at 4:40pm PDT
here’s the snippet
thebootydiaries: thebootydiaries: AGSJSHSJXXHC A video posted by farha (@shutupfarha) on Jul 4, 2016 at 4:40pm PDT here’s the snippe...
Memes, Thriller, and Aries: SUPER POSITIVE REPORTS FOR GHAZI
FROM PRESS SHOWS
PAGE
Samantha Ruth
Rakul Preet
AA @Samantha prabhu
@Rakul preet
ERTAT
Haven't read such wonderful praise
Salute frm a defer
about a film in a while. Congratula-
Attack
@Rana
tions
@RanaDaggubati
shows
and the entire team of
#Ghazi
film dt
JI
Krish Jagarlamudi
@Dirkrish
Take a bow team
#Ghazi na
e of the seat
aranadaggubati for making a thrilling
#Gh
thr
ant. Kudos to
n breathtaking entertainer, n pushing
doing it and Dir
the envelope of Indian cinema further.
arch
chaitanya akkineni
ARY reviews on both
chay akkineni
PERFORMANCE
Team
#Ghazi u make us
AAA ia proud pushing Telugu cinema to
a new space congratulations
more like these have to be made
t DISPAGEVLLENTERTAINU
@Rana Daggubati
GHAZI WILL BE AMILESTONE FOR THE GENRE
WAR DRAMAININDIAN CINEMA
#Ghazi excellent reviews everywhere!!!
Just one day to go for the exciting undersea war thriller!
#GHAZIinTheatresFromTomorrow
#Ghazi excellent reviews everywhere!!! Just one day to go for the exciting undersea war thriller! #GHAZIinTheatresFromTomorrow
Memes, Seal, and 🤖: Have you noticed that it's always
the ones who've never been to
war, like Trump, who in fact got
multiple deferments to avoid war,
and whose children have never
been, who rush into battle
without, proper intelligence or
support, causing a Navy Seal to
die unnecessarily?
Has he blamed Obama yet?
AMERICAN NEWSX
Laura C Keeling
Pathetic POS (appropriately shortened from POTUS) [LK] Follow us American News X
![Memes, Seal, and 🤖: Have you noticed that it's always
the ones who've never been to
war, like Trump, who in fact got
multiple deferments to avoid war,
and whose children have never
been, who rush into battle
without, proper intelligence or
support, causing a Navy Seal to
die unnecessarily?
Has he blamed Obama yet?
AMERICAN NEWSX
Laura C Keeling
Pathetic POS (appropriately shortened from POTUS) [LK] Follow us American News X](https://pics.me.me/thumb_have-you-noticed-that-its-always-the-ones-whove-never-13540765.png)
Pathetic POS (appropriately shortened from POTUS) [LK] Follow us American News X
Anaconda, Family, and Instagram: trickym00n:
twilve:
twilve:
I found an instagram wherein the owner comes home every day and his excited shiba greets him with a zucchini
A video posted by Yusuke Kuriyama (@mod_uk) on Oct 17, 2016 at 11:25pm PDT
A video posted by Yusuke Kuriyama (@mod_uk) on Oct 5, 2016 at 12:01am PDT
A video posted by Yusuke Kuriyama (@mod_uk) on Sep 27, 2016 at 9:19pm PDT
this is important.
@413kitty
trickym00n: twilve: twilve: I found an instagram wherein the owner comes home every day and his excited shiba greets him with a zucchini ...
Pt-Br (Brazilian Portuguese), International, and Deference: FIFER
AFERGONHA
DEFER FELIF
FARAOFÊ DO DINOFAURO...CANFA FOMIGO! 🎤 🎼 🎵
FARAOFÊ DO DINOFAURO...CANFA FOMIGO! 🎤 🎼 🎵
Anaconda, Books, and Cookies: stabscotch:
discorcl:
sanstheskely:
billieyoarmstrong:
books-and-cookies:
I spent at least 10 minutes watching this on repeat. I cried so much. It’s the best thing I’ve seen in a long time.
External image
ive had this queued this march
but have y’all seen the sequel
A video posted by Eh Bee Family (@ehbeefamily) on Dec 31, 2016 at 9:06am PST
stabscotch: discorcl: sanstheskely: billieyoarmstrong: books-and-cookies: I spent at least 10 minutes watching this on repeat. I cried ...
Books, Cookies, and Family: imsoshive:
callmekitto:
discorcl:
sanstheskely:
billieyoarmstrong:
books-and-cookies:
I spent at least 10 minutes watching this on repeat. I cried so much. It’s the best thing I’ve seen in a long time.
External image
ive had this queued this march
but have y’all seen the sequel
Happy New year everybody
the trilogy A video posted by Eh Bee Family (@ehbeefamily) on Dec 31, 2016 at 9:06am PST
imsoshive: callmekitto: discorcl: sanstheskely: billieyoarmstrong: books-and-cookies: I spent at least 10 minutes watching this on repe...
Memes, Wshh, and 🤖: Myles talin
les Willia
@Deferent
KodakBlack x MetroBoomin 🔥 @kodakblack @metroboomin WSHH
KodakBlack x MetroBoomin 🔥 @kodakblack @metroboomin WSHH
America, Donald Trump, and Memes: I'm not defending
Trump
I'm voting for him!
defer in America
against Hitary Clinton,
possibly the most
infamous criminal of
Your time. I'm choosing
o defend the
constitution and
support religious
freedoms!
West
When someone says "I can't support Donald Trump"....
When someone says "I can't support Donald Trump"....
![Bad, Bernie Sanders, and Church: The People For Bernie Sanders 2016
Yesterday at 4:52pm
Ever.
Ben Moser
benjamin moser
If you're applauding Trump's gaming
of the system, I never want to hear
your thoughts about who's taking
advantage of welfare again. Ever.
6:29 AM 02 Oct 16 from Brookline, MA
Luke Comment
Share
Top Comments
Three common strategies used to
reduce tax liability:
1. Reinvesting
2. Charitable contributions
3. Not making money
Taking a tax deduction for investing loss
is NOT "gaming the system."
If you invested $2 million, lose S1
million this year, then make S1 million
next year, you didn't make $1 million.
You broke even. You don't owe any
taxes for getting your money back.
That's how the system works.
Learn how the tax system works before
you pop off again. Ever.
-WAC
The media and Clinton supporters have been fixated on Trump's tax returns, recently renewed over the weekend as the New York Times published his leaked 1995 tax returns [1], which is painting his deduction for a $916 million loss as some kind of scheming, dishonest tactic to evade taxes.
From the source article,
"Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show. The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan. Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period."[1]
The ignorant, such as the one who made the post shown on the left, are up in arms. "OMG, no taxes for 18 years? So unfair! Y do I have to pay taxes when rich boy doesn't! Cheater! Deadbeat!"
This is highly unethical reporting. Never mind the egregious, and illegal, invasion of privacy [2], which could land felony charges against the NYTimes, the headline is misleading, and is a conjuncture with baseless assumptions.
"Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years."[1]
They admit that they have no idea how much money Trump had made since 1995, but using a guesstimate of "Eh, I dunno, let's call it $50 million. What's 916 divided by 50? So that'd be 18 years. Wait, call it 2 decades. Yeah, that sounds better." Note that this is the New York Times, not Huffington Post. For all we know, Trump could have made it all back a few years later, and used up this deduction. Or, he could have kept on losing money, and adding to the deduction indefinitely (which would actually worry me more than if he were a tax dodger).
So is that deduction illegal? Even the same NYTimes article says there's nothing wrong with it.
"The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump."[1]
A CPA stated that not only is it legal, it's completely normal and expected. Barry Hall, a Managing Partner at Kruggel Lawton CPA:
"I can tell you it's not unusual; especially in the initial years of a business to not have successful years,"
He says Trump did what most businessmen would.
"You certainly don't wanna pay taxes if you're losing a lot of money. I don't think anybody does." [2]
Here's the deal. If you invested $2 million in a company, and it lost $1 million this year, you get to claim that as a carryover deductible loss. Then, if you make back the $1 million next year, you could apply the $1 million loss from this year against it, and have $0 tax liability, because you didn't make any money. You're back to the $2 million that you started with, with $0 profit or gains.[3] You only broke even. Is it fair? Actually, no, it's not. When you factor in the opportunity cost and risk, you've actually suffered an economic loss, even if the accounting says $0. But you can't take a deduction for intangible loss, so too bad. The only difference between Trump and the rest of us 99-percent is we don't have $916 million to lose.
How is that different than welfare? In order for an investor to claim a deduction, he has to lose money first. That $916 million loss is part of a larger investment, which paid for jobs and materials (which is also, indirectly, jobs). Trump risked his own money, and lost it in the process of creating jobs, to earn that deduction. Meanwhile, someone "earns" their welfare, paid by us taxpayers, by simply existing.
Another possible tax avoidance strategy (which is legal, not to be confused with tax evasion) is to reinvest your profit to defer tax payments. There are several methods or programs, each with various requirements, codes, restrictions, etc, that must be followed. But the basic concept is like this (Note, this is VERY simplified): Say you had invested $1m in something, and sold it for $2m. Congratulations, you've created $1m in value! And now you have to pay taxes on that $1m. But say you reinvest the entire $2m into another company. You didn't take a penny of that profit out for personal use. By letting it ride, without taking money off the table, then you didn't actually "make" any money. However, if that $2m reinvestment is then sold for $4m, that's recognized as a $3m profit ($4m minus the initial basis of $1m), rather tha a $2m profit over your reinvested $2m.
Is that good to let investers postpone tax payment? Well first, it promotes reinvestment. Hurry, gotta create more jobs with that money before the IRS takes it! Second, it enables individuals to invest in something that could generate a profit, and thus presumably something consumers want. Rather than let the government squander it by sending aid to people who hate us.
Then there are charitable deductions. The issue is that many charities or foundations are fronts to launder money, to either avoid taxes or to channel funds from another source. $1,000,000 of the Clinton's $1,042,000 in tax deductable charitable donations went to the Clinton Family Foundation [4]. So, she took a tax deduction for donating to herself. To be fair, Romney was caught doing the same when he released his tax returns, donating top the Mormon church and his family ran foundation. The difference is the media went after Romney for it, but giving Clinton a pass.
[1] http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html
[2] http://wsbt.com/news/local/local-experts-break-down-trump-tax-return-leak
[3] http://www.bankrate.com/finance/taxes/capital-losses-can-help-cut-your-tax-bill.aspx
[4] https://www.documentcloud.org/documents/3011306-Hillary-Clinton-Just-Released-Her-2015-Tax.html#document/p1](https://pics.me.me/thumb_the-people-for-bernie-sanders-2016-yesterday-at-4-52pm-ever-4267735.png)
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