#Trump already has the weight of the #ExecutiveBranch behind his efforts to strip funding from top #universities, #deport millions of unauthorized #immigrants & pressure #ForeignGovernments to change their economic policies.

With the sprawling bill that passed through the #House on Thurs, #Republicans are also preparing to enlist the #TaxCode as another tool against Trump’s political foes.

#law #RevengePolitics
https://www.nytimes.com/2025/05/23/us/politics/republicans-taxes-trump-opponents.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=D8897650-C8DC-4320-B385-DFA3B3D729D8

#NoBillionaires #TaxTheRich #EatTheRich #GuillotinesWork #TheDailyShow #Poverty #EndPoverty #TaxCode

“Poverty, by America” author Matthew Desmond shares how the US could end poverty if the top 1% of Americans just paid the taxes they owed

the giant pot of bitcoins bought with leverage and the money of retail suckers that masquerades as a company known as #MicroStrategy (#MSTR) has a massive tax problem and has run to the IRS for help. They teamed up with #Coinbase and wrote a 76 page Very Angry Letter about how they cannot possibly be expected to follow the tax code as written.

(tl;dr the value of their bitcoins went up and they don't want to pay taxes on them despite taking an absolutely *massive* tax impairment a year or two ago when their bitcoins had gone down)

For bonus points consider that the CEO of MicroStrategy #MichaelSaylor was personally busted for massive tax fraud and had to pay a $51 million fine just a few months ago.

* WSJ: https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04
* no paywall: https://archive.ph/U4LQC
* 76 page letter: https://legacy.www.documentcloud.org/documents/25504499-coinbase-and-microstrategy-letter-to-the-irs-2024-0046-0028_attachment_1

And people still wonder why so many of us want to eat the rich.

This is absurd. Our tax system needs an overhaul.

https://www.theguardian.com/business/2024/mar/13/top-us-executives-salaries-versus-tax-payments

May 7: 1st General Strike of Hotel & Restaurant Workers NYC 1912 May 7: 1st General Strike of Hotel & Restaurant Workers NYC…

The top 100 CEOs in the U. S. have accumulated retirement accounts equal to 40% of all workers. Scott Klinger with Jobs With Justice, and Olivia Alperstein with the Institute […]
Why CEOs Get Bigger Retirement Subsidies - WORT-FM 89.9

NPR - #Princeton #sociologist #MatthewDesmond - if the top 1% of Americans paid the #taxes they #owed, it would raise $175 billion each year. "That is just about enough to pull everyone out of #poverty," the author says. https://www.npr.org/sections/health-shots/2023/03/21/1164275807/poverty-by-america-matthew-desmond-inequality #PovertyinAmerica #Billionaires #FinancialSystem #TaxCode #IRS #Congress #regulations #economy #wealthy do not pay taxes

Here’s what you need to know about the GOP bill to abolish the tax code

This bill could benefit the rich while increasing burdens on the middle class.

#GOP #Republicans #abolish #taxcode #proposal

https://thehill.com/policy/finance/3821761-heres-what-you-need-to-know-about-the-gop-bill-to-abolish-the-tax-code/