Pensacola Discussion Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

This is a forum based out of Pensacola Florida.


You are not connected. Please login or register

FSU Students Fighting Back Against Koch brothers influence

4 posters

Go down  Message [Page 1 of 1]

Floridatexan

Floridatexan


http://www.dailykos.com/story/2015/06/17/1393903/-FSU-Students-Fight-Koch-Influence-While-Exposing-Alleged-Tax-Fraud?detail=email

TEOTWAWKI

TEOTWAWKI

If Soros wasn't busy trying to embroil us in a civil war he would probably send them some money

gatorfan



Wow, that "article" is going to scare the pants off the Koch Boys - all that supposition - maybe this maybe that. I actually couldn't stop laughing but had to when I realized the article absolutely destroyed my bullshit meter.

FSU Students Fighting Back Against Koch brothers influence 6a00df351f78948833019104290753970c-pi

The lover boy and donation hero of ultra-liberal loons everywhere, aka George Soros, likely has a MUCH bigger problem.

"George Soros May Face a Monster Tax Bill"

George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.

Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore.

Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion. That calculation is based on publicly available information such as the Irish regulatory filings, which provide only a partial glimpse into Soros’s finances. The actual tax bill would be affected by factors specific to the billionaire. Soros declined to comment, according to Michael Vachon, a spokesman, as did Anthony Burke, an IRS spokesman.

Just before Congress closed the loophole, Soros transferred assets to Ireland—a country seen by some at the time as a possible refuge from the law. The filings show for the first time the extent to which Soros’s almost $30 billion fortune—he ranks 23rd on the Bloomberg Billionaires Index—came from finding ways to delay taxes and reinvesting the money in his fund.

http://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-tax-bill

Markle

Markle

Ignorant students. Why should we be surprised?

Guest


Guest

She probably doesn't even know that kos was a cia wannabe that only dropped out to shill for howard dean.

He had a bright future in govt propaganda... er I mean has through the media conduit.

It doesn't surprise me anymore what student come to believe... govt education is a conditioning mechanism.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum