AI-Jane Political, And Economic Forums

Full Version: George Soros' Tax Problem
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Now this is interesting.  I had no idea someone could do this, but eventually things do catch up in ways least expected.  

HAS HE PAID HIS TAXES YET? George Soros Had Until 2017 To Pay $7 Billion In Taxes After Avoiding IRS!

[Image: 386355_168634393273355_1276177036_n.jpg]

Quote:In 2015 numerous publications including Fox News(George Soros reportedly could face up to $7B tax bill, after delaying payment for years, Bloomberg News(George Soros May Face a Monster Tax Bill), and Forbes Magazine(Geoge Soros May Owe Billions In Taxes) reported that George Soros owed billions of dollars in unpaid taxes after finding ways to avoid the IRS.

Fox News reported: George Soros may soon face a monumental tax bill — of nearly $7 billion — after years of playing hard-to-get with the IRS.

Despite Soros having advocated for higher taxes on the wealthy, the Progressive Progressive Socialist billionaire reportedly has delayed paying his own for years thanks to a loophole in U.S. law.

That loophole was closed by Congress in 2008. But before that, Bloomberg reports, Soros used it to defer taxes on client fees. Instead, he reinvested them in his own fund, and they grew tax-free.

Bloomberg, citing Irish regulatory filings, reported that Soros has made $13.3 billion in this way. Factoring in the various tax rates that would apply, one tax expert estimated this would leave Soros with a roughly $6.7 billion bill.

While Soros did not comment on the estimate, Bloomberg reported that Soros deferred his taxes for so many years by reinvesting client fees. While he technically was able to do this for U.S.-based funds, offshore funds were apparently preferred because otherwise clients would face negative tax implications.

The American Lookout did some digging around the internet and could NOT find any articles showing that Soros had paid this massive tax debt.

Forbes reports that Donald Trump has an estimated net worth of $4.5 billion which would mean that George Soros potentially owes more money than Donald Trump is worth.

Paging Rachel Maddow!

This entire thing could get very very interesting, and worth keeping one's eye out for more about it.  I wonder if he has seven billion floating around that haven't been parceled out to all those Collectivist organizations so as to create anarchy?
Something tells me don't get excited expecting the richest folks on earth to be expected to pay their taxes like a married man with 2 kids that makes $35K would be. The USA simply does not operate this way.

The tax code is set up to help this man, not the father of 2 kids barely making it.

Personally, I question the validity of the article, but, if it's true, I won't waste time expecting Soros to be forced to pay up.
(03-21-2017, 11:18 AM)Palladin Wrote: [ -> ]Something tells me don't get excited expecting the richest folks on earth to be expected to pay their taxes like a married man with 2 kids that makes $35K would be. The USA simply does not operate this way.

The tax code is set up to help this man, not the father of 2 kids barely making it.

Are you suggesting "egalitarianism" instead of "Equality" before the law? Or isn't everyone responsible for continuing their education after public school is over?

(03-21-2017, 11:18 AM)Palladin Wrote: [ -> ]Personally, I question the validity of the article, but, if it's true, I won't waste time expecting Soros to be forced to pay up.

While you were skimming, did you notice that there are FOUR articles there, not just one? Slow down and savor everything. You'll may come away a little wiser. S5
No, I'm suggesting the USA operates on access to power due to wealth, so Soros is not as likely as we are being arrested or having his assets forfeited w/o trial.

Worshipping money does that and we are the worst people group ever in this respect if DeToqueville had valid insights. So, it's partly my fault as well.

Maybe this explains why Trump fired Preet Bhara?

http://www.msn.com/en-us/news/politics/f...spartanntp
(03-21-2017, 01:27 PM)Palladin Wrote: [ -> ]No, I'm suggesting the USA operates on access to power due to wealth, so Soros is not as likely as we are being arrested or having his assets forfeited w/o trial.

Worshipping money does that and we are the worst people group ever in this respect if DeToqueville had valid insights. So, it's partly my fault as well.

You're rambling and not making sense here.  Remember, what you know you are trying to say, and what other's understand from what you write, are two different things.  That's why I constantly keep trying to get you to improve your grammar.  

(03-21-2017, 01:27 PM)Palladin Wrote: [ -> ]Maybe this explains why Trump fired Preet Bhara?

http://www.msn.com/en-us/news/politics/f...spartanntp

No, its because he didn't clear out all of the political appointments when he moved in, and he was playing catch-up in getting rid of all the potential leads in the administration.   All of those people, including Bharara, were appointed by MacDaddy and loyal to him.  This is common practice.
I said exactly what I wanted to John. Do you know DeToqueville? He said Americans worship money in his writeup about Americans. He said when ever and where ever he went, when any subject was brought up, the value of the subject was not what he heard, it was how much money can I accrue due to subject X Y or Z.

Same reason Soros isn't going to jail and you or I might if we don't kiss Sam's ass.
(03-21-2017, 05:54 PM)Palladin Wrote: [ -> ]I said exactly what I wanted to John. Do you know DeToqueville? He said Americans worship money in his writeup about Americans. He said when ever and where ever he went, when any subject was brought up, the value of the subject was not what he heard, it was how much money can I accrue due to subject X Y or Z.

Same reason Soros isn't going to jail and you or I might if we don't kiss Sam's ass.

Again, you are not reading my words properly. I said that you know what you want to say, but you don't express it so others can understand exactly what you mean. By using "Worst people group", just exactly who are you referring to? Are you talking about the entire country as a whole, or the Anglo-Saxon base? A 'people group' is not a good choice because its not explicit. Don't you understand what I mean?

As for "Alex de Toqueville", that's a little "d" in front of the name. Its the way the French do it, not my idea. And yes I know fully who he was, along with the other Frenchman "Frederic Bastiat" who I pretty much idolize. I have also read parts of his "Democracy in America", and I do not recall any comments of his where he describes Americans as worshipers of money.

de Toqueville was in praise of America, and he was impressed at how astute the average American was with regards to business and Free Enterprise. He was also impressed with the high degree of Liberties we exercised compared to others.

Please find where he talks about Americans worship of money, ok? I'd like to see his words and compare it to what you "Think" he stated, ok?
Scroll down and read, there is more than one allusion to our unique money worshipping and some other negative reviews along with positive commentary:

https://en.wikiquote.org/wiki/Alexis_de_Tocqueville
(03-21-2017, 08:04 PM)Palladin Wrote: [ -> ]Scroll down and read, there is more than one allusion to our unique money worshipping and some other negative reviews along with positive commentary:

 https://en.wikiquote.org/wiki/Alexis_de_Tocqueville

No, no, that's not what I asked you. I asked,

Quote:Please find where he talks about Americans worship of money, ok? I'd like to see his words and compare it to what you "Think" he stated, ok?

Give me his quotes where he accuses America of worshiping money. And remember, he was a huge fan of America, not a negative critic. So lets put everything in its proper context.
"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?"

"I know of no country, indeed, where the love of money has taken stronger hold on the affections of men"

That according to Christ is idolatry and worship in His discourse with His foes, which is my characterization of what Alexis wrote.

The above explains why the prosperity gospel is so popular here and seen as utterly ludicrous everywhere else. It is also why as large, educated and powerful as we've become, we do not produce great theology like Germany, France and the UK have been doing for many centuries. No money to be made in it.

Alexis also said this below unrelated to worshipping money and I can see how accurate he was and is:

" I know of no country in which there is so little independence of mind and real freedom of discussion as in America.
Chapter XV.
In America the majority raises formidable barriers around the liberty of opinion; within these barriers an author may write what he pleases, but woe to him if he goes beyond them. "

Pretty damning statements, IMO about the basic core of our people back then and I believe now. If Alexis was a friend, I'd hate to have an enemy.
(03-22-2017, 11:54 AM)Palladin Wrote: [ -> ]"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?"

"I know of no country, indeed, where the love of money has taken stronger hold on the affections of men"

That according to Christ is idolatry and worship in His discourse with His foes, which is my characterization of what Alexis wrote.

The above explains why the prosperity gospel is so popular here and seen as utterly ludicrous everywhere else. It is also why as large, educated and powerful as we've become, we do not produce great theology like Germany, France and the UK have been doing for many centuries. No money to be made in it.

Alexis also said this below unrelated to worshipping money and I can see how accurate he was and is:

" I know of no country in which there is so little independence of mind and real freedom of discussion as in America.
Chapter XV.
In America the majority raises formidable barriers around the liberty of opinion; within these barriers an author may write what he pleases, but woe to him if he goes beyond them. "

Pretty damning statements, IMO about the basic core of our people back then and I believe now. If Alexis was a friend, I'd hate to have an enemy.

Oh Boy, you just won me $10 on my bet to Michael that you would chose that first 'so called' quote as the basis for your excoriation of early America and sinful greed.  And true to form, you did.  What you did was go to a "Quotes" page and proceed to gather only those you thought were best fitting.  AND some of these 'so called' quotes are either fabricated or taken out of context.  

Here's what I mean.  This is the chapter where he describes the social structure of the United States at the time of his visit.  And to him this was something that was pleasantly alien to him.  Remember, he was a member of the French aristocracy, a viscount, and very much in favor of the return of the king.  So things like Free Enterprise, and equality before the law were not common.  

We were required to read select chapters of "Democracy in America" and believe me there are many, many chapters in his two volume set.  And  it just so happened that I was assigned to Chapter III, of Volume I, "Social Condition of the Anglo-Americans".  Now, its been fifty-one years since I read that chapter, but a great deal has stuck in my head, because I wrote a short report on it to the class.  And there was not, I repeat no, criticism of us and what you consider sinful "American Greed".  Rather he was referring to our ability to become consummate business people and rise up and down the the class stratum with ease, which was totally unknown in his own France.  

So, I went to the internet and looked up the very chapter and reread the thing again.  Here is the chapter: "SOCIAL CONDITION OF THE ANGLO-AMERICANS".  And note that it is divided into two sections where he describes the Social Conditions, and Political Consequences of this young America and its citizenry.   And nowhere is he critical of us as greedy and sinful people.  Rather he is amazed at out vigor and ability to better ourselves, Through Business rather than allowing ourselves to become gentrified.  And we Americans didn't have time to delve on 'letters', i.e. scholarship, but common sense economic betterment.  

Go read the entire chapter.  Its not terribly long and whatever you do, DON'T SKIM over it.  READ IT.  Its well worth your time.   But here is some of what he says:

Quote:I do not mean that there is any lack of wealthy individuals in the United States; I know of no country, indeed, where the love of money has taken stronger hold on the affections of men and where a profounder contempt is expressed for the theory of the permanent equality of property. But wealth circulates with inconceivable rapidity, and experience shows that it is rare to find two succeeding generations in the full enjoyment of it.
-------
It is not only the fortunes of men that are equal in America; even their acquirements partake in some degree of the same uniformity. I do not believe that there is a country in the world where, . in proportion to the population, there are so few ignorant and at the same time so few learned individuals. Primary instruction is within the reach of everybody; superior instruction is scarcely to be obtained by any. This is not surprising; it is, in fact, the necessary consequence of what I have advanced above. Almost all the Americans are in easy circumstances and can therefore obtain the first elements of human knowledge.

In America there are but few wealthy persons; nearly all Americans have to take a profession. Now, every profession requires an apprenticeship. The Americans can devote to general education only the early years of life. At fifteen they enter upon their calling, and thus their education generally ends at the age when ours begins. If it is continued beyond that point, it aims only towards a particular specialized and profitable purpose; one studies science as one takes up a business; and one takes up only those applications whose immediate practicality is recognized.

In America most of the rich men were formerly poor; most of those who now enjoy leisure were absorbed in business during their youth; the consequence of this is that when they might have had a taste for study, they had no time for it, and when the time is at their disposal, they have no longer the inclination. There is no class, then, in America, in which the taste for intellectual pleasures is transmitted with hereditary fortune and leisure and by which the labors of the intellect are held in honor. Accordingly, there is an equal want of the desire and the power of application to these objects.

GO AND READ THE CHAPTER!  It won't take all that long, and you just might learn something about his real thoughts on America, instead of what someone quoted from someone else, who thought he meant such and such.
John,


We can just disagree John, the first sentence above makes it imminently clear what Alexis saw animated Americans. If that isn't criticism I don't know what is. Doesn't mean he didn't see good stuff as well.

I brought him up due to your naïve view Soros might find justice in America. Fat chance of that. About like me writing off some home interest or Soros not being able to.

This is nothing about morality, it's about priorities.

As long as we are making money, we'd sit back and watch a holocaust or participate in one, we have tried to create 1 in Syria, as hard as hell we've tried to help the Sunni jihad secretively. You're too old and educated to not realize this and why.
In other words, you won't take the time, not because you haven't got the time, but because you don't wish to have your preconceived notions shattered. What you are stricken with Patrick is INTELLECTUAL LAZINESS.

You refuse to take his statements in their totality, but want to cherry pick those sentences which your preacher, or whoever, has told you is all that matters, correct. You have never bothered to read his commentaries, but you know all there is to know because a few sentences tend to support your concept as to just how sinful and selfish Americans were And are.

Well here's something from Volume II of his work.

Quote:ALEXIS DE TOCQUEVILLE ON THE LOVE OF MONEY IN AMERICA

“Men living in democratic ages have many passions but most of their passions either end in the love of riches or proceed from it. The cause of this is, not that their souls are narrower, but that the importance of money is really greater at such times. When all the members of a community are independent of or indifferent to each other, the co-operation of each of them can only be obtained by paying for it: this infinitely multiplies the purposes to which wealth may be applied and increases its value. When the reverence that belonged to what is old has vanished, birth, condition, and profession no longer distinguish men, or scarcely distinguish them at all: hardly anything but money remains to create strongly marked differences between them, and to raise some of them above the common level. The distinction originating in wealth is increased by the disappearance and diminution of all other distinctions.”

In other words, money is sought because it serves a purpose. Its not the money they worship, but the ability to afford things they need to have a successful life and prosper. And you are unable, or unwilling, to see the difference between the two. Gah

And you criticize Ron for his religious peculiarities? Look in your mirror Patrick.
(03-22-2017, 07:00 PM)Palladin Wrote: [ -> ]John,
I brought him up due to your naïve view Soros might find justice in America. Fat chance of that. About like me writing off some home interest or Soros not being able to.

I did nothing of the sort.  I simply posted the news about how he may well be in trouble with the IRS over how he managed to forestall paying his taxes.  

(03-22-2017, 07:00 PM)Palladin Wrote: [ -> ]As long as we are making money, we'd sit back and watch a holocaust or participate in one, we have tried to create 1 in Syria, as hard as hell we've tried to help the Sunni jihad secretively. You're too old and educated to not realize this and why.

Speak for thyself, ye sinner.  This 'we' has no trouble whatsoever in standing up and being counted over the situation, when it is morally wrong. So quit trying to include me in your sweeping generalities. This is one of the things I will keep hammering you over, as long as you fail to refine your use of the language. Maybe I will help educate you a little better yet. Spiteful
John,

OK, next time I discuss Americans, I will consider you "fill in the blank nationality" . I assumed you were an American in our past discussions.