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Yalta's avatar

“They’re hoping to run out the clock, to find a loophole, to delay the inevitable. But the clock is ticking, and January 1, 2025, is coming like a freight train.”

It’s a nice idea. But it won’t work as you speculate. The CTA has exemptions built-in for the following categories:

- Financial entities

- Private Equity entities

- Investment Firms

- companies with 10 or more employees

- Entities earning $5,000,000 or more annually

The CTA was passed as an addendum to the Inflation Reduction Act. This was a Biden move to easily track small business owners to more easily tax them and impose income tax enforcement.

The same act authorized the IRS to hire 80,000 additional employees for “Corporate Tax Audit and Enforcement” purposes. It includes 2500 armed tax enforcement officers. Translated: they need enhanced small business owner tax revenue to offset their out of control government spending.

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BlueSky101's avatar

I’m with you Featherjourney! We know about COG. We see it playing out bit by bit. We know that Biden has extended or not stopped certain Trump E O’s and that he and Jill hate Obama, Pelosi etc. who stopped his campaign for POTUS. He or maybe he and Jill screwed up their plan to bring in Michelle by endorsing Kamala immediately. They were trapped! 😂 He has no loyalty to them or anyone else now. So let’s see what happens! No one except Trump and a handful of of people know exactly what is going on! I trust Trump period!

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