American Politics: The Speaker's Cornered

[New haven america]

When you made the money but before you spent it, you did.

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

Not the teller but you and the banks themselves have to deal with tax mumbo jumbo.

[Umeria]

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

Well you've gone and and done it. You've engaged with libertarianism and let it drag you down to where you're spouting out nonsense like this. Take a look in a mirror, this is what rock bottom looks like.

I'm not saying I think this will happen, I'm saying under Elwher's logic literally any money that passes through your hands is income.

[San Lumen]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

[Galloism]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

His plan had a few holes for sure.

[Dakran]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

How does... how does slamming a uhaul into the white house give him control of the government?

[Galloism]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

How does... how does slamming a uhaul into the white house give him control of the government?

1) Slam uhaul into the white house
2) ??????
3) Ultimate power!

[Cannot think of a name]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

How does... how does slamming a uhaul into the white house give him control of the government?

I worked a docuseries with an episode about a guy who shot a police officer in an effort to end gun control.

I think sometimes the radicalization is a problem of motivating people with dumb ideas.

[The Pirateariat]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

How does... how does slamming a uhaul into the white house give him control of the government?

Never been sold on the idea that video games cause violence, but now I think maybe comic books do.

Because this seems like the sort of shit General Zod would pull.

[Elwher]

When you made the money but before you spent it, you did.

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

Presuming you are not just being silly, no because it is not his money. Neither does a clerk need to pay taxes on money they accept for the store.

[Umeria]

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

Presuming you are not just being silly, no because it is not his money. Neither does a clerk need to pay taxes on money they accept for the store.

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

[Elwher]

Presuming you are not just being silly, no because it is not his money. Neither does a clerk need to pay taxes on money they accept for the store.

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

It is. You control what it will be spent on, it is therefore yours. A bank teller does not have that control.

[Galloism]

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

It is. You control what it will be spent on, it is therefore yours. A bank teller does not have that control.

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

So, not the teller, but bank deposits become really problematic under the "if you have money you didn't have before that's taxes which includes loans" paradigm. You deposit $1000 in the bank, and the bank adds it to the books as cash and as liability (this is the accounting entry - when you have a deposit as a bank, YOU are the creditor and they deposit the cash into the bank's general operating funds. This is why deposits are credits on your bank statement and withdrawals are debits - those entries are told from the bank's perspective.), which under the new paradigm, that's income, and they have to pay taxes on it.

Even if you draw it out the next day.

[Spirit of Hope]

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

It is. You control what it will be spent on, it is therefore yours. A bank teller does not have that control.

So you previously mentioned taxing loans for college education, does that also extend to loans for home buying?

[Tarsonis]

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

It is. You control what it will be spent on, it is therefore yours. A bank teller does not have that control.

Oh ffs, no it isn't, it's debt. The very fact that you have a contractual obligation to pay it back, means it isn't income. You're not winning the argument with some novel idea, you're just demonstrating your own financial illiteracy.

This entire line of argument is beyond dumb.

[Tarsonis]

Presuming you are not just being silly, no because it is not his money. Neither does a clerk need to pay taxes on money they accept for the store.

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

You're also wrong here. Bank loans are technically "your money", but control of where money can be spent is not the defining metric of income. income is wealth gained (money or other valuables.) that is considered duty free, and increases your "net worth", i.e it's money you get, that you don't owe back to anybody else.

Borrowing money isn't considered income, because of the debt incurred, not in spite of it. You gain money, but also take on that much in debt. Your net worth remains unchanged. So yes, Technically, you can borrow off assets, without incurring a tax penalty, but that doesn't mean that's a viable strategy. You still have to pay that money back to the lienholders, who will seize the collateral you've put up without repayment.

[Eahland]

Does a bank teller need to pay taxes every time he handles a deposit? He had money that he didn't have before.

So, not the teller, but bank deposits become really problematic under the "if you have money you didn't have before that's taxes which includes loans" paradigm. You deposit $1000 in the bank, and the bank adds it to the books as cash and as liability (this is the accounting entry - when you have a deposit as a bank, YOU are the creditor and they deposit the cash into the bank's general operating funds. This is why deposits are credits on your bank statement and withdrawals are debits - those entries are told from the bank's perspective.), which under the new paradigm, that's income, and they have to pay taxes on it.

Even if you draw it out the next day.

Let's just keep depositing and withdrawing the same $1000 and crash the entire economy with unpayable taxes.

[Umeria]

So the tax can be evaded by borrowing off assets like I originally said. Bank loans aren't your money either.

You're also wrong here. Bank loans are technically "your money", but control of where money can be spent is not the defining metric of income. income is wealth gained (money or other valuables.) that is considered duty free, and increases your "net worth", i.e it's money you get, that you don't owe back to anybody else.

Borrowing money isn't considered income, because of the debt incurred, not in spite of it. You gain money, but also take on that much in debt. Your net worth remains unchanged. So yes, Technically, you can borrow off assets, without incurring a tax penalty, but that doesn't mean that's a viable strategy. You still have to pay that money back to the lienholders, who will seize the collateral you've put up without repayment.

It is viable if the value of your assets increases at a higher rate than the interest on the loan.

[The Rio Grande River Basin]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

Oh god... what's Sai done this time...

I mean, Neo Nazi, who believes there needs to be a strong leader, named Sai.

[El Lazaro]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

Smartest Qanoid

Someone needs to give him the heads up about the Nazis not talking about Indians when they said “Aryan”

[The Rio Grande River Basin]

https://www.nbcnews.com/news/rcna86722

Man who crashed U-Haul truck near White House wanted to end U.S. democracy, prosecutors say

Sai Varshith Kandula, 19, had a journal that contained a speech he planned to give after he seized power, the Justice Department said in a detention memo.

Smartest Qanoid

Someone needs to give him the heads up about the Nazis not talking about Indians when they said “Aryan”

You say that...but the actual (scientifically speaking) Aryan race was the Indians and Iranians (and some steppe people).

[El Lazaro]

Smartest Qanoid

Someone needs to give him the heads up about the Nazis not talking about Indians when they said “Aryan”

You say that...but the actual (scientifically speaking) Aryan race was the Indians and Iranians (and some steppe people).

That’s the joke, although a cursory lookup of his last name seems to suggest he’s Dravidian. Not that it makes a difference in terms of Nazi racial science as both are somewhat genetically mixed, but the Nazis did have a habit of confusing cultural and even linguistic variations with genetic differences.

[The Rio Grande River Basin]

You say that...but the actual (scientifically speaking) Aryan race was the Indians and Iranians (and some steppe people).

That’s the joke, although a cursory lookup of his last name seems to suggest he’s Dravidian. Not that it makes a difference in terms of Nazi racial science as both are somewhat genetically mixed, but the Nazis did have a habit of confusing cultural and even linguistic variations with genetic differences.

Reminds me of a certain FI.

[Neu California]

In dumber, more lighthearted news:

GOP lawmaker castigates Joe Biden for not nominating enough straight white men to judiciary

[Tarsonis]

You're also wrong here. Bank loans are technically "your money", but control of where money can be spent is not the defining metric of income. income is wealth gained (money or other valuables.) that is considered duty free, and increases your "net worth", i.e it's money you get, that you don't owe back to anybody else.

Borrowing money isn't considered income, because of the debt incurred, not in spite of it. You gain money, but also take on that much in debt. Your net worth remains unchanged. So yes, Technically, you can borrow off assets, without incurring a tax penalty, but that doesn't mean that's a viable strategy. You still have to pay that money back to the lienholders, who will seize the collateral you've put up without repayment.

It is viable if the value of your assets increases at a higher rate than the interest on the loan.

That's an extremely risky proposition.

[ImperialRussia]

It is viable if the value of your assets increases at a higher rate than the interest on the loan.

That's an extremely risky proposition.

By the money you’ll need their will their limits where you can have to put a lid on it without the proper funding with a secure return of money.