Because your stupid buddies at CNN keep running stories that what he is saying is not what he meant. I mean really dude. If your side would stop making shit up out I’d one or two words, nobody would have to come behind Trump.
Joe Biden wants our schools to teach more islamic faith. I thought my wife was joking but I looked it up. "Mainstream media sites headlines don't mention it. I don't really care what you religion is or even if you are religious but if they are going to keep the Christian faith out of schools, they damn sure better keep that out too https://www.yenisafak.com/en/world/...-wishes-us-schools-taught-about-islam-3535000 https://christianaction.org/dont-mi...hools-need-to-teach-more-about-islamic-faith/ https://www.foxnews.com/politics/biden-muslim-voters-summit-taught-schools-islamic-faith
Well and then there is this, can't walk this one back Joe. You just called for jihad you dumb bastard https://gloria.tv/post/ykrBDuAWoj3T2xNthpCZjfbxn
You’re kind of proving my point for me. We haven’t even sniffed evidence yet, and you’ve already provided an explanation for anything I could produce to show that Trump is not a good president. This demonstrates that you refuse to look at evidence with an open mind and even consider the possibility that he could be bad. And that’s precisely why it’s a waste of time to discuss him in this echo-chamber.
Biden wants to kill 1031 Exchanges (read this. it's important)Posted on 7/21/20 at 5:31 pm I know most people don't care/understand what this would mean to the economy or the precedent it would set so here is my 2¢. This is a very simple overview from the perspective of a small real estate investor (AKA *Bob*) FIRST, what is a 1031 Exchange? A 1031 Exchange is a federal tax code mechanism that allows a person who sells an investment property to roll the entire proceeds into a new investment property without having to pay the capital gains tax. It has been around since the 1920s. It is the mechanism that powers a ton of new construction which- in turn- keeps the real estate market moving forward *vigorously*. The 1031 is the fuel that keeps dollars investing in real estate which in turn employs a shite ton of people, from construction guys to real estate agents. It is how old shitty parts of town get gentrified, new housing is built, etc... It is the fuel that keeps progress going. What Biden's plan does... Biden's platform wants to go after the *stored value* of 1031 Exchanges and apply a tax bill on the unrealized capital gains that is payable immediately. Give me an example of what any of that means... For instance, let's say Bob bought a commercial building in 1990 for $300k. He rented it out for 10 years and ultimately sold it in 2003 for $600k. He likes the real estate business and just want to roll the proceeds into a new real estate investment so he buys a new property for $600k and avoids capital gains through using a 1031. That property then goes up in value and he sells it in 2015 for $1.5M then takes those proceeds and spreads it out across the acquisition of three multi-family properties. Bob has spent his life using real estate as his retirement plan. He has no big 401K since his plan has always been to live off the rents generated through his real estate investments. His lifestyle is based on cash-flow from his real estate investments. Biden's plan blows that up like an atom bomb... How Biden's plan destroys Bob's life. So let's say that Biden wins and the progressives get the senate too- which gives them the ability to pass a bill that effectively repeals the power of the 1031 Exchange in the way that Biden wants. A capital gains tax would be due on the difference between Bob's tax-basis (the $300k he originally spent on the commercial building in 1990) and the current value (the $1.5M). If Bob is paying cap-gains tax at a 25% tax rate that means Bob will have to figure out how to scrounge together $300K for the Biden real estate tax, all due in the current tax year. Wow. frick. How does Bob pay that? Well, Bob is like most of these smaller real estate investors. He doesn't have $300k sitting around, it's all in investment properties that he has poured his life into building. He doesn't have an investment portfolio of stocks, he has a portfolio of real estate holdings that have cash-flow on which he can take care of his family and his retirement. 'MERICA! Unfortunately for Bob, Biden's tax means that his entire plan for life and retirement has been blown up. He has to sell his properties to pay the tax bill which means that his end-of-life plan (retirement) is gone. And it is made even worse by the fact that every other small real estate investor is in exactly the same position at exactly the same time! His life's work (building a decent life through real estate investment) is now worth pennies on the dollar because the market get stuffed with real estate with no buyers since the upside of real estate investment has been eliminated. His $1.5M 'estate' gets acquired by Goldman Sachs or some other cash-rich organization for $450k, he gives the tax man $300k and his life has resulted in $150k of *profit* and the elimination of any cash-flow he was relying on for retirement. Anyway, it is apparently small shite like this that the left will use as the 'precedent' to come after anywhere there is stored value. You know what other item is viewed as unfair stored-value by them? Stock investments, your 401k, precious metals, etc... So here is what you need to know. They are going after what they view as a small group and that they can get public support to go after them. Notice, they're not going after REITs since those are largely backed by the big boys. They are going after small, independent real estate investors. That's no big deal right? Just know that this is what progressives do: They do something that appears to be small in order to use the precedent to do something huge. This would be a precedent against *stored value*. Pensions, 401k's, and stock portfolios would be next
See my post below your last post but it's probably "out of context". Your whole freaking DEMOCRAT party is out of context.
I don’t think that is true. In the scheme of things, a persons bias guarantees that they will focus on just the part of an event etc that agrees with their perspective. So, an event gets defined only by those things that are important to a person. You say Trumpsters give Trump unequal amount of benefit of the doubt, but the flip side of that coin is that Never Trumpers don’t give Trump adequate benefit of the doubt.
