Robert ReichTeachers can only write off $300 on their taxes for classroom expenses
Most Americans can write off zero dollars for business expenses
Trump writes off $130,000 in hush money he paid Stormy Daniels as a business expense
Real_JamesCain@rbreich Trump supporters: 😍
C. R. Collins 🌳 🐸I used to work as a market researcher. One year, we did a study for a major crayon company, interviewing teachers just before the start of school. I was shocked at how much of their own money they spent on classroom supplies. It was well beyond $300.
Math Lover@crcollins @rbreich yup. Far more. I once was hired to teach a class where the room was empty other than furniture! I had to buy books! How do you teach when provided nothing?
Thomas H Jones II@Mathlover @crcollins @rbreich
Which begs the question: if a teacher doesn't go out of pocket to supply the things that were typically the schools' responsibilities, will the school fire that teacher?
Which begs the question: if a teacher doesn't go out of pocket to supply the things that were typically the schools' responsibilities, will the school fire that teacher?
Virginia S. O'Possum@crcollins @rbreich Yup. This country has been devaluing teachers, teaching, and schools for a long, long time at this point.
Bonnie Schwertner@crcollins @rbreich Some years, it was over $1,000 for me.
Cyril@schfinkes @crcollins @rbreich maybe if you have sex with a porn star? put that instead of classroom expenses on your taxes, they’d be hard press to prove you dared to provide for the students you’re trying to teach.
Ekinnajay 🇧🇻@crcollins @rbreich I'm a special education teacher. It is December, and I have spent close to $700 already. By the end of the year, it will be close $1500, and this is a cut back. They don't provide curriculum for me because I'm a special Ed math and science teacher and my students are well below grade level with their skills, so I have to make it myself.
ClassyT@Ekinnajay @rbreich @crcollins YEP. I HAVE SPENT $550. SO MANY FOLXS DON’T APPRECIATE OUR SACRIFICES.
mpmaddog@rbreich Rich Welfare is a PROBLEM America.. BIGLY.
Gdekhayser@rbreich the biggest hustle was when regular folks lost the deductions for unreimbursed business-related expenses (and SALT >10k).
Pro-Democracy Coalition GuyI'm still mad about the salt loss. It was a direct hit against "blue states". They didn't even try to hide it. Just laughed and said "watch us own the libs". A large portion of America was just fine with it.
@whateva_0331 @rbreich Iowa gets ethanol. TExas gets oil subsidies. SALT was ours. We put in SO much more in Fed tax than we get out.
Michael@rbreich is it because he has good (corrupt ) accountants
ex or current IDF unwelcome@rbreich In the UK one MP tried to claim for a duck house, another still in a powerful job for heating his stables.
Teritd@rbreich There’s one status quo for the rich and powerful and another for us peasants! This country never lived up to being free and just!
SophieToupie
John CarlsenAs I earned a degree in accounting with an emphasis in taxation, it was drilled into me that--to be deductible--business expenses must be "ordinary, necessary, and not extravagant."
Trump's hush money to a sex worker fails all of these criteria.
@johnlogic @rbreich Yeah, don't really see how you frame it – or provide the necessary business case to support it if an auditor flags it – so that it doesn't ultimately get disqualified?
(moved)Galbinus Caeli 🌯@johnlogic @rbreich not if his profession is "mob boss".
Cheryl@johnlogic @rbreich and his lawyer spent time in jail for doing Trump’s bidding
Maybe that's why he claimed he couldn't release his taxes because of a long-running audit: I gotta think any auditor worth their pay grade is taking a microscope to these kinds of payoffs (and, hopefully, disqualifying them).
Deborah Rose@rbreich Decades of austerity and neoliberalism, has redistributed trillions upon trillions of dollars from the poor and middle classes to the wealthiest one percent, corresponding with a continued reframing of our political, economic, and oversight systems with their whims.
One of the most accurate statements that I've read.
DebraMilazzoSha@rbreich my little farm had a loss 3 years in a row. Our accountant said we had to call it a hobby and no more declaring grain. But his businesses showed losses every year. Shouldn't trump have to do the same?
🇨🇦 TRH 🇨🇦@rbreich Did she declare it as income I wonder? 🍄
Morgan Rees@rbreich The last thing Stormy Daniels said to Trump was, “It was business doing pleasure with you”
Tracy@rbreich
Apparently Trump believes this hush money paid to Stormy Daniels was well worth writing it off as a business expense...
He thinks it helped his "performance"...it
helped with his "erection" of his private 'realestate'.
Apparently Trump believes this hush money paid to Stormy Daniels was well worth writing it off as a business expense...
He thinks it helped his "performance"...it
helped with his "erection" of his private 'realestate'.
Metafrastis@rbreich The problem is: MAGA-diots admire Trump for his cheating. Much like many Italians admired Berlusconi for ripping them off. No political culture or honesty in the US.
Tiakuh Son
CherylBlueWaveI spent over 1k dollars a year for office supplies alone, sometimes 2k.
Also, the prices of school supplies for students were upwards of $300 so another teacher & I bought items in bulk to sell only at cost - two glue sticks cost $3.50 but in bulk cost 20 cents - but if a student couldn't afford them we gave them one or two of everything - packs of paper and pencils of course and if they needed more later we gave them more.
The students needed them to do assignments.
Historyisimportant
Rich People is out on Spotify and all platforms. Just in time for thanksgiving dinner! Written by moi, Carsie Blanton. Patrick Firth: keys, background... | By Carsie Blanton | Facebook
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MichiganReadingTeacher ☕️@rbreich most of the #teachers I know, including myself, spent about that much on our #classrooms before #students even walked in the door for the first day.
#edutooter #edutooters
#edutooter #edutooters
cohomology is FUN!@rbreich it’s awful that teachers have to spend their own money on classroom supplies.
The BEST Words@rbreich 70K for his hair. Our tax process is broken.
Hilko Bengen@rbreich Considering how well that "hush" part went for him, it might even be considered a total loss.
@rbreich Is this a nominal threshold or percentual?
Pankhurst2@rbreich
Yet the IRS did no investigation.
Yet the IRS did no investigation.
@MlleaPankhurst @rbreich HMM…IF THAT ISN’T CRIMINAL, IT SHOULD BE.
Carlos@rbreich would love to see the IRS get grilled in front of Congress for not doing their job of auditing him as they normally do.
Elric the damned@rbreich trump and gop stole our ability to write off office stuff in 2017.
Probably not a new concept. I’m sure he’s been writing off hookers for years.
@rbreich $300 on printer paper and ink alone. Taught science and often spent $50 or so for a single lab. Also several hundred dollars on Teachers Pay Teachers content - textbooks were inaccurate and more than a decade out of date.
@rbreich And millions in pass through SALT deduction.
Salaried are screwed
Salaried are screwed
Nigel_dunn@rbreich incredible.
Blue in a Red World@rbreich Trump could stand in the middle of Fifth Avenue and commit tax fraud and the IRS and DOJ would not notice.
Steph Miller@rbreich Any business expense an employee pays out of pocket should be tax deductible. It's BS.
April@rbreich the teacher write off is ridiculous. It makes me so mad they can’t write off their complete expenses.
@rbreich I couldn’t write off a single mile on my car that drives me to work every morning, this guy gets to write off his NDA agreement with a porn star. 🤡 there’s no justice in America, Donald Trump is above the law…
@rbreich So Twat?
@rbreich hush money is a business expense for gangsters.
@rbreich To be fair, that "hush" part didn't work too well.
Xavier Smith@rbreich it’s actually only $250 unless they increase it this year.
@rbreich we have teachers who not only buy supplies for their classrooms but also for the students. This is in addition to "adopting " a student to buy holiday gifts for, usually multiple kids, donate to buy a Thanksgiving meal for an entire family, and donate money to the school's student emergency fund. Teachers are a part of the backbone of our communities and yet remain grossly underappreciated and shoulder far too much blame for our failing educational systems.
SilentwolfHow can anybody consider having sex as a business expense??? Makes no sense.
Cindy Mcginley@rbreich my daughter is a 4th grade teacher. She sets up an Amazon wish list every year. Don’t get me wrong she has it fulfilled as there are very giving people in Kansas but a teacher shouldn’t have to beg for supplies.
Hyoun Park@rbreich in today’s US tax environment, everyone should have an LLC and a side business to support write offs. It’s silly, but also how rich people play the game.
@rbreich Is there not a correlation between Doñald Trumpets bribies being'Written off' & charged to the, 'Austerytised' And Bogus Jonstonednazi and Mathew Hancock's 'Legal bills'. Being sent to, Nurses, Railway, Postal Workers, Unions'?