The real reason Mike Bloomberg wants to be the President

[zdreg]

https://www.cnn.com/2020/02/18/politics/bloomberg-business-cnntv/index.html

https://www.taxpolicycenter.org/taxvox/could-president-trump-sell-his-business-tax-free
He will sell his companies tax free. It will be the biggest ripoff of all times of the US tax payer.

 

[tommcginnis]

The author conflates "deferring taxation" with avoiding taxation.

They're kinda different.

 

[Scataphagos]

I doubt Bloomie's "reasons" to displace Trump are a great as his desire "to be King".

 

[speedo]

The author conflates "deferring taxation" with avoiding taxation.

They're kinda different.

 

[zdreg]

The author conflates "deferring taxation" with avoiding taxation.

They're kinda different.

Tax avoidance and tax deferring are both legal.

 

[El OchoCinco]

Tax avoidance and tax deferring are both legal.

Avoidance is not paying

deferring is paying but later

...still don't see the difference?

 

[zdreg]

Avoidance is not paying

deferring is paying but later

...still don't see the difference?

View attachment 219780

 

[zdreg]

Some taxes can be deferred forever.

 

[El OchoCinco]

Like IRAs and 401ks taxes are deferred but there is always a cut at the apple by the government every year from deferred taxes that are now due.