Scotties Toy Box

March 30, 2020

The stimulus bill includes a tax break for the 1%

Filed under: Economics, Fascism, Greed, Health, News, Political, Questions, Reason — Scottie @ 08:27

https://www.cnn.com/2020/03/28/opinions/stimulus-bill-tax-break-for-1-mccaffery/index.html

When individuals buy real estate, even if they do so using loans or other people’s money, they can “depreciate” — or write off, over time — the cost of the physical property on their taxes. Suppose, for example, that a taxpayer bought a $2 million building as an investment. He would be able to deduct, or subtract from his taxes, something like $100,000 a year for 20 years to defray the costs of buying and improving the property. The taxpayer would be able to take these deductions even if the building were going up in value. This is why Donald Trump loves depreciation, as he told the nation during a presidential debate in 2016 — it’s one of many ways he avoided paying millions in taxes. Such love seems to runs in the family: Jared Kushner has utilized tax depreciation, too.
Now here is what changed in the historic $2 trillion stimulus bill. Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that “loss” to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.
Under the change, our rich taxpayer couple — and this applies only for individuals, not corporations — can now deduct an unlimited amount of “excess losses” in real estate against income from other sources. So now real estate moguls with lucrative day jobs or bountiful capital gains from other investments can go back to living tax-free, the Kushner way, before limits were put in place as part of the 2017 tax reform bill.
It gets worse, if that’s possible. The change applies to this year — and retroactively to 2019 and 2018. This means rich people can file amended returns now, and get refunds of perhaps millions of dollars, sooner than we can produce the number of ventilators we might need for the coronavirus crisis.

The right wing solution to hemorrhoids would be to give rich people more money

Filed under: Cartoons, Economics, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 08:21

Trump Blames Hospitals For Shortages Of Supplies

Filed under: Criminal, Fascism, Greed, Health, News, Political, Questions, Reason — Scottie @ 08:13

Of all the asinine hateful ways of misdirecting blame that is rightfully cast on him, he is making harmful wide untrue assertions.   People will believe him and not help as much as they might otherwise.  They may target the very healthcare workers we need nad who are working desperately to save lives.   People need to understand what this arrogant man-baby is doing and need to remember it.   Also some of the comments suggested that if he worked in a hospital he would be stealing stuff and selling them for profit.   Remember in February he sent 17.8 tons of medical PPE and respirators to China while the virus was spreading in the US.   What profit did he make ignoring the needs of the US people.      Hugs   

Trump Blames Hospitals For Shortages Of Supplies

The Washington Post reports:

President Trump has been focused on shifting blame for whatever becomes of the coronavirus outbreak. And on Sunday, he set about blaming hospitals and states for the well-established shortages of equipment to deal with the situation.

During the daily White House coronavirus briefing in the Rose Garden, Trump suggested that hospitals had squandered or done worse with masks and were “hoarding” ventilators, and that states were requesting equipment despite not needing it.

Trump’s boldest claim was about masks. He noted that current demand wasn’t commensurate with what hospitals typically use and suggested that masks were “going out the back door.”

life vr death

Filed under: Cartoons, Economics, Health, Memes, News, Political, Questions, Reason — Scottie @ 08:06

Profit is god while people die

Filed under: Economics, Fascism, Greed, Health, News, Political, Questions, Reason — Scottie @ 08:04

Things are not good, we need a change

Filed under: Cartoons, Economics, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 08:01

Greed and profiteering while people die. It is the Republican way

Filed under: Cartoons, Economics, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:56

CHARLES KOCH NETWORK PUSHED $1 BILLION CUT TO CDC, NOW ATTACKS SHELTER-IN-PLACE POLICIES FOR HARMING BUSINESS

Filed under: Economics, Fascism, Greed, Health, News, Political, Questions, Reason — Scottie @ 06:52

https://theintercept.com/2020/03/26/americans-for-prosperity-cdc-coronavirus/

AMERICANS FOR PROSPERITY, the pro-corporate pressure group founded and funded by billionaire industrialist Charles Koch, wants employees to return to work despite desperate pleas from public health officials that people should stay home as much as possible to help contain the spread of the coronavirus.

As states began to order nonessential businesses to shut down last week, AFP released a statement calling for all businesses to remain open.

“Rather than blanket shutdowns, the government should allow businesses to continue to adapt and innovate to produce the goods and services Americans need, while continuing to do everything they can to protect the public health,” said Emily Seidel, chief executive of AFP, in a press release.

FP’s position, which directly contradicts the advice of medical experts who say that social isolation is essential to curbing the spread of the coronavirus, comes after the group lobbied the Trump administration in 2018 to rescind $1 billion from the Centers for Disease Control and Prevention.

Much of AFP’s recommended cuts to government programs, which included CDC money for infectious disease control and global health, became part of the official White House budget request, though most were not adopted by Congress.

More at the link above.  Read how this political power house did everything they could to slash the social safety net work for the lower incomes, cut corporate taxes as lower all the time, and take away any government regulation of business so corporations could profit without restraint.   Full out greed.    Hugs

 

For some profit rules above reason

Filed under: Economics, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:45

Republicans use any excuse to reward their corporate owners … oops I mean donors

Filed under: Cartoons, Economics, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:43

A harrowing tale of life and death happening all over the US,

Filed under: Cartoons, Drugs, Economics, Fascism, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:38

I want to add I do not know if Ibuprofen is a risk factor for Covid-19.   My doctors have kept me on it and I am in the high risk category.    Remember Tylenol can be very dangerous to your liver.    Hugs

Imagine losing your job and you don’t have access to the fire department. The stupidity is obvious.

Filed under: Cartoons, Economics, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:33
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Health care is a human right, not a line item for employers to influence.

Imagine losing your job and you don’t have access to the fire department. The stupidity is obvious.

A lifelong criminal, a family crime boss trying to become a bigger crime boss

Filed under: Cartoons, Criminal, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:32
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Trump was impeached for extortion and Republicans said Trump learned his lesson.

Republicans: Do what is good for my profits even if it kills you

Filed under: Cartoons, Economics, Fascism, Greed, Health, History, Memes, News, Political, Questions, Reason — Scottie @ 06:30
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Republicans kneecapped their kids with debt, will shit on the future of their grandkids via climate denial, and now don’t give a toss if their parents die alone.

All so they can siphon a little more for themselves.

Wall St at 29,000 and corporate profits at all-time highs. Literally the next month they need welfare. From the working poor!

Filed under: Cartoons, Economics, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:28
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Corporations can’t function without bailouts.

Wall St at 29,000 and corporate profits at all-time highs. Literally the next month they need welfare.

If you like your employer benefits you can keep them … unless you lose your job then you have no healthcare at all. Medicare For All is needed now more than ever

Filed under: Cartoons, Economics, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:26
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We are not wage slaves. Support/Demand #M4a

The best time to resist is before it gets to you

Filed under: Bigotry, Cartoons, Children, Criminal, Family, Fascism, Hate, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:23

tRump demands praise as thousands die from his incompetence

Filed under: Cartoons, Criminal, Fascism, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:21
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Trump fiddles as Americans die by the thousands. The increased suffering in unconscionable, unethical, and immoral. This is GOP populism IRL.

Now he is extorting his political rivals.

Filed under: Cartoons, Criminal, Fascism, Greed, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:18
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Trump extorted Ukraine and got impeached.

Now he is extorting his political rivals. All those Republican Senators who lied under oath and corrupted their role as juror deserve a place in hell.

Tim Scott has no idea what COBRA payments cost

Filed under: Cartoons, Economics, Health, Memes, News, Political, Questions, Reason — Scottie @ 06:16
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Tim Scott has no idea what COBRA payments cost.

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