THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH
Who is angry at Trump for paying fewer taxes than a school teacher ?? Don’t forget that anger is an emotion, so I should ask the question, who is emotional about the fact that Trump paid fewer taxes than a school teacher? I know I was when I heard about it. A lot of people were on the same page as I was. How dare the Billionaire pay fewer taxes than a school teacher, everyday hard-working Americans are suffering and the rich capitalist gets away with not paying taxes?? must be a republican, of course, Democrats are for the poor man, they would never do this, but WOULD they ???
Now I sat down to think Logically about all this, with a little mathematics on my side and of course the law I was able to break down certain things.
Does anyone Great Recession of 2008 and 2009, the very time that then-Senator Barack Obama took office After he and Senator John McCain have helped President George Bush give the big “Bail Outs ” to the banks? (which continued through the Obama presidency).
There was a law passed under the Obama government in the name of ” saving” the economy. The law ironically was called, “The Worker, Homeownership, and Business Assistance Act of 2009. This is a very interesting act because this is the very act that allowed Donald Trump to be able to pay low taxes, He was right that the law made provisions on that but it was handed to him by the very people that claim they have “our” best interest at heart. This ACT according to Politifact, Allowed net operating losses incurred by a business to be deducted from tax liability for up to 5 years. This is the very law Trump took advantage of that wiped out his Federal income taxes from 2005-2007. My emotions changed after doing some research on the rich.
The truth is the rich don’t have their money just sitting there as we regular people do. More often than not, all we have is as regular people is our income, most of the time we are in a lot of debt, and our money is gone before it touches our hand, the rich, however, can afford to take very low salaries because they take other forms of payment. Some very Wealthy CEO’s work for very little money, we wouldn’t want the salary they take but they are far richer than us. I was told by someone who helped me with my research that, if I’m confused about what I saw, then I don’t understand money, lets look at the salaries of some of the wealthiest CEOs.
Let us start with Bill Gates, with him I don’t know his salary but found out that he makes $22,881 per minute, that is a minute, not an hour not a year,
Larry Ellison (founder of Oracle)
Networth of $78.7 Billion
His Salary is $1
(I couldn’t believe it, how much income tax will he pay on $1)
Larry Page (Co-Founder of Google)
Networth $64.4 Billion
His Salary $1
Sergey Brin ( Co-Founder of Google)
Networth of $ 62.7 Billion
His Salary is $1
All this information made me look at rich people and business in a new way, One thing we must do is to get the emotion out of Politics and read between the lines, every one of these people who swear they are for the people take advantage of this system, and they will do anything to protect it, liberal or conservative, Republican or Democrat. The system pays them so why do we believe one over the other. All of them are millionaires and billionaires.
We have to look at money very differently now and do more research on what wealth is, what money is, how the system works. We must stop believing in talking points that are push our emotional buttons.
