Posted on 03/19/2017 5:45:41 PM PDT by TigerClaws
Gorge Soros has been deferring taxes due on BILLIONS in income for years In 2017 all that comes due- a potential $6.7 BILLION tax bill! LOL
PLEASE be true; he needs to go away. FAST
OMG the LSM is screaming over Trump returns yet CRICKETS over SOROS OWING this much!!!!
What does that picture mean?
Here is the math.
In the bad old days, fund managers could defer income taxes by re-investing their clients fees into their fund. When the fund manager withdrew his investment, he’d have to pay the original tax ( and of course capital
gains on any gains.
It’s kinda like a 401(k) but for fund managers
Around 2009, congress said closed this deferral strategy and required all
deferred funds to be withdrawn by 2017.
Soros the Fund Manager simply has been doing this for a very very long time so the capital gains are huge.
it’s as of congress outlawed 401(k)s and required everyone to pay taxes on the gains ( even if you don’t cash out )
Not.
The source is Bloomberg so this is legit.
https://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-tax-bill
TRUMP this guy!
Will the IRS audit HIM?
Meanwhile, Rachel Madcow accidentally swerved into the truth that POTUS Trump paid his “fair share” of taxes.
Truth is an absolute defense against libel, just in case you weren't aware.
https://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-tax-bill
He’s in the business of buying politicians and government officials worldwide. In Soros’ world, that qualifies as a business complete with tax deductions and expenses to write off.
According to the Clinton Foundation the bill was paid.
I imagine this is the famous “carried interest”
Har
I can’t even comprehend even having close to that much money in my entire life.
I hope they nail his evil hide to the wall.
Pity the poor Jews who have to suffer the atheist Soroz,s numerous attacks on everything they value morally ethically and spiritually (and their very lives as soroz funds a number of front groups seeking to undermine their physical safety too). And then the Jews have to endure the righteous vitriol of others who are harmed or threatened by this evil scourge on humanity (because the atheist nazi type descended from a once-Jewish family). The news get kicked from both sides. And meanwhile none of soroz,s millions of victims .... Jews and non-news alike — has figured out a way to stop him Seems very strange nobody has managed that in all the years he’s been financing and stirring up so much hate and sedition and social disruption and misery. I can’t figure it out. He’s over 80 and still is allowed to walk free ?
Okay lets see. That’s more than $10 thousand dollars. Okay he qualifies.
He could get an 800 number off just about any radio station
He owes $6.7 billion. If he’s lucky, they’ll let him settle for $7.8 billion, interest and penalties.
Of course the firm that represents him will want a healthy percentage, say 10%, or $670 million.
He can probably get off for a cool $8.5.
LOL
Pure hypothetical conjecture with some levity tossed in.
OMG the LSM is screaming over Trump returns yet CRICKETS over SOROS OWING this much!!!!
Well Well Well, a 1 percenter who doesn’t pay his taxes..typical of Commies..they b*tch about us paying our “fare share” yet they dont pay a dime
ping
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.