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Italian_in_NYC

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  1. Like
    Italian_in_NYC got a reaction from C-ma'am in Bringing Mother In Law on B1/2   
    I'm not sure about that, as it would be discriminatory (if it's not considered work, it's not work, regardless of immigration status).
    Either way, people who had kids perfectly know that having an immediate family member helping them right after the birth does not necessarily (actually, that's almost never the case) involve babysitting. It's more about moral support and helping with other things in the house.
    And I don't think any CBP officer would deny entry to a grandmother (holding a valid visa) wanting to meet her grandchild and/or stay with her daughter. They might limit the stay, yes.
    And qualifying for the visa has the same hurdles as any other tourist visa applications.
  2. Like
    Italian_in_NYC got a reaction from C-ma'am in Bringing Mother In Law on B1/2   
    I'm not arguing the grandmother/babysitting issue (although we all know it's frankly ridiculous). I'm saying that technically  a child taking care of a parent or a parent taking care of his/her child can never be considered work. I can't find the statute, but I remember reading it.
  3. Like
    Italian_in_NYC got a reaction from Sunnyland in Bringing Mother In Law on B1/2   
    I beg to differ.
    This would be a mother helping her daughter (who just had a baby). Taking care of an immediate family member (like a parent or a son/daughter) is not considered work.
    I doubt the new mother will stay away from the newborn baby. Let's not be paranoid, otherwise your relative visiting from overseas can't even cook dinner for you.
    Having said that, she will have to qualify for her visitor visa on her own, showing enough ties to her home country.
  4. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    Because (qualified) dividends are already taxed at the corporate level (possibly at 35%, but soon at 21%). It's already a form of double (or triple or more in some cases) taxation, hence the lower rate.
    Capital gains are taxed at a lower rate because you have to reward risk, otherwise no one will invest. This is common practice in every country, even the heavily-taxed western European countries.
    Other unearned income is taxed at ordinary rates (interest, ordinary dividends, rental income, royalties).
  5. Like
    Italian_in_NYC got a reaction from eieio in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    Because (qualified) dividends are already taxed at the corporate level (possibly at 35%, but soon at 21%). It's already a form of double (or triple or more in some cases) taxation, hence the lower rate.
    Capital gains are taxed at a lower rate because you have to reward risk, otherwise no one will invest. This is common practice in every country, even the heavily-taxed western European countries.
    Other unearned income is taxed at ordinary rates (interest, ordinary dividends, rental income, royalties).
  6. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    You would need to look at all the business returns in which he has an interest, at least they have a balance sheet on schedule L.
    But just looking at an individual return wouldn't give you any insight as only reportable taxable transactions are reported.
    When Mitt Romney return came out I read all sort of biased and tweaked analyses. His return was extremely complex and only specialized tax attorney or niche CPAs could get a grasp on it.
    Yet, the former President during a debate dared to argue that he sheltered cash overseas and the sheeps went with him. Romney told him (correctly) that if you have a 401k, you most likely have some assets invested overseas.
  7. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    No, they wouldn't give any insight on someone's net worth. It's called 'income tax return' for a simple reason, it's just about the income (of that particular year). 
  8. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    They might help clear up the question about the size Trump's supposed fortune. Part of the reason for Trump's appeal to many of the folks who voted for him, was the claim Trump has often repeated that he is worth in excess of $10 Billion, when others have suggested that he isn't worth anywhere close to that sum. Imagine if it came out during the election that Trump was broke, or only worth a fraction of his claimed fortune. 
     
    Looks like someone did say or imply that.
    That's why releasing tax returns is irrelevant and it only fuels political nonsense.
  9. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    They might help clear up the question about the size Trump's supposed fortune. Part of the reason for Trump's appeal to many of the folks who voted for him, was the claim Trump has often repeated that he is worth in excess of $10 Billion, when others have suggested that he isn't worth anywhere close to that sum. Imagine if it came out during the election that Trump was broke, or only worth a fraction of his claimed fortune. 
     
    Looks like someone did say or imply that.
    That's why releasing tax returns is irrelevant and it only fuels political nonsense.
  10. Like
    Italian_in_NYC got a reaction from TBoneTX in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I really don't understand the tax return fetish.
    99.9% of the population won't know how to read them to begin with.
    And the qualified 0.1% would tweak the facts to get their political points out.
    Mitt Romney shouldn't have released them either.
  11. Like
    Italian_in_NYC got a reaction from eieio in President Announces Moving Embassy to Jerusalem   
    The winners write history, not the losers.
  12. Like
    Italian_in_NYC got a reaction from Unlockable in What is the process to bring my newborn to US?   
    Only if the USC lived in the US for at least 5 years (2 of which after age 14).
  13. Like
    Italian_in_NYC got a reaction from Dashinka in My 3.5 y.o. daughter likes fascist cartoons   
    How about Tom & Jerry? I always rooted for Tom, I hated that damn mouse.
  14. Sad
    Italian_in_NYC got a reaction from Dashinka in My 3.5 y.o. daughter likes fascist cartoons   
    I used to play with robots, lego, watch violent Japanese cartoons (which were awesome btw), and was a huge WWE fan.
    I turned into a tax accountant. How sad.
  15. Like
    Italian_in_NYC got a reaction from LabOz in My 3.5 y.o. daughter likes fascist cartoons   
    This is absurd.
    And the sad thing is that many parents think that way, instead of enjoying having small children.
    My daughter likes Paw Patrol (I didn't even know what it was) and I'm pretty sure she won't become a fascist or a white supremacist.
  16. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I really don't understand the tax return fetish.
    99.9% of the population won't know how to read them to begin with.
    And the qualified 0.1% would tweak the facts to get their political points out.
    Mitt Romney shouldn't have released them either.
  17. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I really don't understand the tax return fetish.
    99.9% of the population won't know how to read them to begin with.
    And the qualified 0.1% would tweak the facts to get their political points out.
    Mitt Romney shouldn't have released them either.
  18. Like
    Italian_in_NYC got a reaction from The Nature Boy in My 3.5 y.o. daughter likes fascist cartoons   
    http://www.cnn.com/2017/12/22/health/thomas-tank-engine-paw-patrol-fascist-cartoon-strauss/index.html
     
    CNN tells me my daughter likes fascist cartoons, so I did the right thing and banned CNN from our house.
  19. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    It's always a bad idea when is someone else's money.
    Ah, and the Bolshevik revolution worked out REALLY great!
  20. Like
    Italian_in_NYC got a reaction from TBoneTX in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    Increased?
    So basically when a wealthy person dies, the Government should confiscate everything?
    I saw many heirs of business owners having to sell the business (at a huge discount, obviously) because they had no cash to pay the huge tax bill.
    The estate tax doesn't hit just your bank account. It values the business you own (which might not be very liquid) and taxes at 40% over the exclusion.
  21. Like
    Italian_in_NYC got a reaction from jayjayj in President Announces Moving Embassy to Jerusalem   
    Can't wait to see our Govt cut the funding for this ridiculous and annoying (I work a few blocks away) CIRCUS.
    Take names, they will remember this.
    I'm ashamed to also be an Italian citizen and to have had my govt vote for this nonsense.
    The capital of Israel is Jerusalem. Enough said.
    Also, I'm pretty good at geography and history. I don't recall any State called Palestine. Palestine was a British mandate. Israel declared independence in 1948. Whoever stayed in (Arabs included) became Israeli citizens. Other people left thinking the State would be destroyed. They were wrong, too bad.
  22. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I suggest you look up the difference between tax avoidance (my line of business) and tax evasion.
    The first one is not only legal, but encouraged (and it's for example you deducting your charitable contributions). The second one is illegal and harshly punished in the US.
  23. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    Rule # 1 is to pay the least amount of tax possible, legally obviously.
    That's why they pay firms like the one I work at. And that include the estate tax.
  24. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    If you have a business worth $20m dollars, it doesn't mean you have millions of dollars in cash to pay the estate tax bill.
  25. Like
    Italian_in_NYC got a reaction from The Nature Boy in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    My clients are all multimillionaires and billionaires. I'm their tax advisor. So what?
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