Michael Goldfarb Profile picture
If by a Liberal they mean someone who looks ahead not behind,someone who welcomes new ideas without rigid reactions,.Then I am a Liberal, John F. Kennedy 1960

Oct 2, 2020, 15 tweets

1/ Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> "In all the brouhaha about Trump’s performance in the first debate >> one significant point that was lost in the mix was the many years that President Trump >> a billionaire >> didn’t pay any taxes...

2/ ... >> President Donald Trump avoided paying federal income taxes for a decade before paying just $750 in 2016 and 2017 >> according to the bombshell New York Times investigation >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >>...

3/ ... I don’t know how this makes you feel >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> but it should make most Americans mad as hell ...

4/ ...>> I know it does my wife and I who are retired >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> far from being rich paid at least five times more than the Billionaire President paid in 2016 and 2017 ...

5/ ...>> As we know >> paying the proper amount of taxes according to your income is crucial for the proper functioning of a society >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >>...

6/ ... One of the reasons that President Trump feels so sure in his position and acts so recklessly is that >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >>...

7/ ... with the passage of the Tax Cuts and Jobs Act in 2017 a House Ways and Means Committee tax bill proposed in November 2017 that lowered income tax rates >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >>...

8/ ... [Tax Cuts and Jobs Act in 2017] increased standard deductions >> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> and eliminated the inheritance tax and alternative minimum tax >>...

9/ ... It[Tax Cuts and Jobs Act in 2017] lowered the corporate tax to 20% and changed how overseas corporate earnings are taxed >>A windfall for the Superrich...

10/ ...>> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> But >> as per Morris Pearl [@morris_pearl] in USA TODAY 9/29 >> “the real scandal isn’t whether Trump cheated his way out of paying millions of dollars in taxes...

11/ ...>> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> But >> as per Morris Pearl [@morris_pearl] in USA TODAY 9/29 >> “ — it’s that our tax system is designed to let rich people like him avoid paying taxes without breaking a single law >>...

12/ ......>> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> But >> as per Morris Pearl [@morris_pearl] in USA TODAY 9/29 >>Trump may have taken tax avoidance to an extreme >> but these schemes are far from unique among the ranks of the ultra-rich >>.....]......>>…

13/ …Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> But >> as per Morris Pearl [@morris_pearl] in USA TODAY 9/29 >> To them and the politicians they donate to >> this kind of tax avoidance is a feature >> not a bug >> of our tax code”...

14/ ......>> Per Lorenzo Canizares @canilor bit.ly/34IaPfE >> But >> as per Morris Pearl [@morris_pearl] in USA TODAY 9/29 >> The system[Tax code] is rigged and we are the ones paying to keep it that way"

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling