Article

2020-03-19 Home Front: Politix

CA Dem T.J. Cox Failed to Pay $175,000 in Taxes Despite Loaning Campaign More Than $250,000

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frank G 2020-03-19 09:32|| || Front Page|| [7 views ] Top

#1 Nothing to see here. Move along now...

Posted by M. Murcek 2020-03-19 10:30|| 2020-03-19 10:30|| Front Page Top

#2 Just a sec. If he was elected, why doesn't he have the money - why get elected otherwise?

Posted by g(r)omgoru 2020-03-19 12:00|| 2020-03-19 12:00|| Front Page Top

#3 In case you're curious, I estimate his approximate yearly earnings at $265,000 if he's single and incurring self-employment tax (Schedule C or guaranteed payments from a partnership) and paid in nothing via estimated tax payments and / or withholding from wages. If it's income not subject to self-employment, jack that income number up to $282,000. If he's married, the numbers are $327,000 and $350,000, respectively.

Posted by Raj 2020-03-19 19:50|| 2020-03-19 19:50|| Front Page Top

#4 Shit - I used the wrong (2019) tax tables for the above numbers, and those two years of Cox's income can be dropped by about $5,000 or so in each case.

Posted by Raj 2020-03-19 19:56|| 2020-03-19 19:56|| Front Page Top

#5 "I have lived through basically bureaucratic incompetence," he said. "My check was stuck on the back of somebody else's payment."

How did your payment, presumably sent in an envelope to the Fresno, CA IRS campus, miraculously get 'stuck' to someone else's payment? Did you jizz on it first so it got sticky? What a putz. Use EFTPS next time!

Posted by Raj 2020-03-19 19:59|| 2020-03-19 19:59|| Front Page Top

#6 You are persistent in your accuracy. Like

Posted by Frank G 2020-03-19 20:00|| 2020-03-19 20:00|| Front Page Top

#7 Hey - my middle initial is A, after all - it could mean many things!

Posted by Raj 2020-03-19 20:05|| 2020-03-19 20:05|| Front Page Top

#8 Frank G - back in December, I put together this monster Excel spreadsheet (297 KB in size, all formulas, input sheets and worksheets that do the number crunching for this and that particular number) that basically calculates a 1040 tax return and its Mass. state equivalent. It's fairly accurate to incomes of about 400K; the only thing screwing me up are bugs I have with calculating two of the add-on Federal taxes - the Net Investment Income Tax and the Additional Medicare Tax, and those aren't terribly far off. After two weeks of testing and tweaking, I matched that spreadsheet to the tax software I use for 2019 - Federal income tax was off by a single dollar, and I found that bug after a few minutes of hunting and wrapping a few Excel statements with a =Rounddown(x,y) statement. Being a former software engineer geek, I was asking myself why I never attempted this before because once you have the basic plumbing installed, all that's needed is update the tax (and some other) tables, and incorporate some tweaks, so now I can do accurate estimates on the fly from a jump drive.

Posted by Raj 2020-03-19 20:18|| 2020-03-19 20:18|| Front Page Top

#9 LOL, and all along these years, I assumed Raj meant you were Indian (dot) background!

Posted by Frank G 2020-03-19 20:43|| 2020-03-19 20:43|| Front Page Top

#10 Raj was a silly high school nickname, the long version of which was Raj Kareem Abdul Hassan. You're probably a Lakers fan - you'll get that part, and that son of a bitch killed my Boston Celtics back in the '80's, so that shit was ironic in the extreme! My high school buddy Jim Beaupralant (in my German class) and I were goofing on Arabs back then, and he hung that one on me, sort of. I'm cool with it.

Posted by Raj 2020-03-19 21:02|| 2020-03-19 21:02|| Front Page Top

#11 Bucking for Biden's Secretary of the Treasury?

Posted by CrazyFool 2020-03-19 23:51|| 2020-03-19 23:51|| Front Page Top

23:51 CrazyFool
23:14 Marilyn Elmeque9472
22:59 Marilyn Elmeque9472
22:38 bbrewer126
22:08 Lex
21:44 lord garth
21:25 bbrewer126
21:19 bbrewer126
21:02 Raj
20:49 bbrewer126
20:43 Frank G
20:35 bbrewer126
20:27 Procopius2k
20:25 trailing wife
20:21 ruprecht
20:18 Raj
20:14 Marilyn Elmeque9472
20:06 Marilyn Elmeque9472
20:05 Raj
20:00 TZSenator
20:00 Frank G
19:59 Raj
19:56 Raj
19:52 Frank G