acenipplelicker
Banned
an official was appointed to a cabinet post in the early days of obamas admin
to accept he had to sell all his stock of which he had a massive amount- I mean massive
He had to put it in a blind trust
Because he has to do that legally- he is legally allowed to not pay the income tax on the sale of the stocks
other wise he would be facing a big taxable event
All this he did and I am not accusing anybody of wrong doing but laws which are fair can always be controversial in some instances as peoples situations are different.
The net effect of this was he avoided a big tax and took a relatively low paying job in govt and made out like a bandit - not that I am accusatory
Any fair rule made can always appear unfair given time and humans interacting with it.
I made a remark in a thread about trump and conflicts of interest whether he sell or keeps property.- no need to repeat here unless someone wants me to
to accept he had to sell all his stock of which he had a massive amount- I mean massive
He had to put it in a blind trust
Because he has to do that legally- he is legally allowed to not pay the income tax on the sale of the stocks
other wise he would be facing a big taxable event
All this he did and I am not accusing anybody of wrong doing but laws which are fair can always be controversial in some instances as peoples situations are different.
The net effect of this was he avoided a big tax and took a relatively low paying job in govt and made out like a bandit - not that I am accusatory
Any fair rule made can always appear unfair given time and humans interacting with it.
I made a remark in a thread about trump and conflicts of interest whether he sell or keeps property.- no need to repeat here unless someone wants me to
