671
this post was submitted on 15 Dec 2023
671 points (98.7% liked)
politics
18866 readers
3899 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Rudy probably can't pay that anyway, he's been in a bad way financially for a while now.
Rudy took a private plane to turn himself in in Georgia this summer. An article I read mentioned he has an apartment in Manhattan listed on the market for $6.1M. Now, I doubt he's got $148M, but he's not dead fucking broke like he's trying to claim. At least not yet.
No you misunderstand, his nonprofit foundation was selling his manhattan apartment for 6.1m. He controls the foundation but that money can't be taken away.
I haven't actually looked it up to see if he even owned the apartment he lived in, but there are many ways to shelter controlled assets in ways that minimize liability and tax burdens on the person who controls them. These mechanisms are a big part of the reason why rich people don't pay taxes. Instead they donate their earnings or claim losses on stock transactions.
If you donate a million dollars of your assets to your foundation while simultaneously earning a million dollars in cash from business dealings- how much tax do you pay? $0. Million in pocket, million dollar asset sheltered and still in your control. Your foundation control can be passed from generation to generation...
Keep in mind his foundation can "employ" him and provide lodgings to him and other reasonable expenses (e.g. food, travel, lodging... you know... the things we all toil away to earn money and pay 30%+ taxes for.)
I hear about bad faith charities and foundations all of the time. It’s insane that this is just accepted and unchallenged.
Lawmakers aren't going to close that loophole because they all do it themselves.
I like to believe it isn’t all of them but yeah that’s the heart of these problems.
Drain the swamp, man! Drain the Swamp Man!