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Politics : BuSab -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (1809)	9/22/2009 3:45:14 PM
From: SmoothSail	Read Replies (1) \| Respond to of 23934

If he received the money, by whatever means, it's income to him. IRS would want to tax him on it. Does the IRS ultimately report to Holder? Who would go after him for those taxes? I'm holding my breath because I know that with the promise of "transparency" this administration promised, they're not going to let this big fish get away.

To: Alan Smithee who wrote (1809)	9/22/2009 7:47:57 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 23934

wait... let's see... first he receives the loan (not a taxable event) then he gets the loan 'forgiven' (a taxable event) but wait.... he then ... receives another mill. to pay off the loan (a taxable event to the givor) --> hence.. the IRS gets to collect twice on the ... same event ? *no different than taxing a corporation... and then taxing the shareholder when he/she receives the dividends... (which is money already taxed or... taxing SS benefits.... wow... i suppose it pays to be a terrorist .....