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Megathread: Supreme Court Rules on Subpoenas for President Donald Trump’s Financial Records

Today, the Supreme Court issued decisions for two highly anticipated cases involving subpoenas seeking President Trump's tax returns.
The Chief Justice wrote for the Court in Trump v Vance, affirming the Second Circuit and rejecting the Government's position that, under Article II and the Supremacy Clause, the President was entitled to absolute immunity and a heightened standard for the issuance of a state criminal subpoenas. The case now goes back to the district court, where the Second Circuit permitted the Government to make alternative arguments. The vote was 5 in the majority (Roberts, Ginsburg, Breyer, Sotomayor, Kagan), 2 in concurrence with the decision (Gorsuch, Kavanaugh) and 2 in dissent (Thomas, Alito).
The Chief Justice also wrote for the Court in Trump vs Mazars, vacating the lower court ruling affirming the Congressional subpoena and implementing a balancing test for the district court to consider in deciding whether to grant a Congressional subpoena, including:
(1) whether the asserted legislative purpose warrants subpoenaing the President and his papers (ie. whether there are other sources that Congress could obtain this information from);
(2) whether the scope of the subpoena is sufficiently narrow so that it is no broader than necessary to support Congress' legislative objective;
(3) what the nature is of evidence Congress is offered to establish that a subpoena is necessary to advance a valid legislative agenda; and
(4) what burden is imposed on the President, particularly since the subpoena originates from a rival branch of government that could use such subpoenas for institutional advantage.
The vote was 7 in the majority (Roberts, Ginsburg, Breyer, Sotomayor, Kagan, Gorsuch, Kavanaugh) and 2 in dissent (Thomas, Alito).

Submissions that may interest you

SUBMISSION DOMAIN
Supreme Court rules President Trump must turn over tax returns to New York prosecutors nbc-2.com
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Supreme Court ruling allows subpoena of Trump’s tax records ktuu.com
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Supreme Court Upholds Grand Jury Subpoena For Trump's Tax Returns huffpost.com
Supreme Court rules Trump not immune from New York grand jury process nbcnews.com
Supreme Court rules Manhattan prosecutor can demand Trump’s tax returns chicagotribune.com
SCOTUS rules against Trump on financial records subpoenas abcnews.go.com
Supreme Court rules Manhattan DA can obtain Trump tax returns cbs6albany.com
Supreme Court deals Trump a defeat, upholds demand for his tax returns yahoo.com
Supreme Court rules Manhattan prosecutor can access Trump financial records cbsnews.com
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U.S. Supreme Court rules against Trump bid to conceal financial records from prosecutor reuters.com
Court says Manhattan DA can get Trump’s tax records, but rejects bid by House Democrats cnbc.com
Supreme Court says President Trump cannot keep tax, financial records from prosecutors usatoday.com
Seems Trump has to reveal his financial records. politico.com
Supreme Court rules President Trump’s tax records may be turned over to Manhattan DA’s office wmur.com
Supreme Court deals Trump a defeat, upholds demand for his tax returns latimes.com
Supreme Court deals Trump a defeat, upholds demand for his tax returns news.yahoo.com
SCOTUS Orders Trump to Release Tax Returns Once and for All thedailybeast.com
Supreme Court says Manhattan prosecutors can obtain Trump's financial records axios.com
Supreme Court grants NY prosecutors access to Trump's tax returns thehill.com
President Donald Trump’s tax returns can be obtained by Manhattan DA, Supreme Court rules masslive.com
Trump tax returns: Supreme Court rules president does not have to reveal financial documents to House independent.co.uk
Supreme Court rules Manhattan DA can obtain Trump taxes news.yahoo.com
Supreme Court rules Manhattan DA can obtain Trump taxes finance.yahoo.com
Supreme Court says Manhattan district attorney can get Trump tax records cnbc.com
Supreme Court ruling allows subpoena of Trump’s tax records wjhg.com
Supreme Court Says N.Y. Grand Jury Can Get Trump’s Tax Returns bloomberg.com
Supreme Court to rule on release of President Trump’s tax returns nypost.com
Supreme Court Does Not Allow House To Immediately Obtain Trump Financial Records huffpost.com
Supreme Court rules Manhattan DA can obtain Trump taxes pbs.org
Supreme Court Advances Subpoena of Trump Tax Returns courthousenews.com
Trump loses SCOTUS battle with New York prosecutor over his taxes and financial records. scotusblog.com
Supreme court ruling Trump vs Vance supremecourt.gov
What you need to know about the Supreme Court fight over Trump's financial records uk.reuters.com
Supreme Court to Decide if Trump Can Block Release of Tax Records nytimes.com
Supreme Court blocks House Democrats from access to Trump's financial records for now usatoday.com
U.S. Supreme Court rules Donald Trump can’t keep tax returns private globalnews.ca
Read: Trump v. Mazars Supreme Court ruling thehill.com
Supreme Court rules Trump can’t block release of financial records fox5sandiego.com
Supreme Court says Congress can't get Trump records, for now post-gazette.com
Supreme Court Says Trump Not 'Immune' From Records Release, Pushes Back On Congress npr.org
Supreme Court blocks congressional subpoenas for Trump's financial records abcnews.go.com
Trump tax returns: Supreme Court rules president must hand over financial documents to prosecutor independent.co.uk
Trump 'must hand over records to NY prosecutors' bbc.com
Trump v. Mazars USA, LLP supremecourt.gov
Supreme Court allows NY prosecutors to see Trump financial records, but not Congress kztv10.com
The Supreme Court Ruled Prosecutors In New York Can Get Trump’s Tax Returns buzzfeednews.com
The Supreme Court Let Trump Keep His Tax Returns Secret — For Now vice.com
Trump rages at Supreme Court over tax records case, claims 'political prosecution' cnbc.com
Manhattan DA: Trump tax return ruling a 'tremendous victory' for justice system thehill.com
What will be lurking in Trump's tax returns? mobile.reuters.com
Trump’s taxes may be released to Manhattan grand jury, supreme court rules theguardian.com
Trump wins court battle on financial records -- for now cnn.com
Trump Throws Fit Over SCOTUS Ruling On His Tax Returns talkingpointsmemo.com
U.S. Supreme Court allows prosecutor but not Congress to get Trump's financial records reuters.com
Trump complains of 'political prosecution' after SCOTUS rulings on financial records thehill.com
Supreme Court Justices Kavanaugh and Gorsuch ruled against Trump in landmark cases about the president's taxes and financial records businessinsider.com
Supreme Court rules Trump does not have "absolute immunity" in tax case: "No one is above the law" salon.com
Trump rips Supreme Court, claims ‘political prosecution’ after rulings on financial records foxnews.com
'Not fair': Trump rages over Supreme Court decisions involving his financial records nbcnews.com
Trump blasts Supreme Court decision on financial records, saying it showed a lack of ‘deference’ usatoday.com
Trump erupts after Supreme Court rules to release his tax returns: ‘Not fair to this Presidency!' nydailynews.com
Supreme Court Rules Prosecutor May See Trump's Financial Records kqed.org
'No One Is Above the Law': Supreme Court Allows New York Prosecutor to Subpoena Trump Financial Records commondreams.org
Supreme Court Says Trump Not 'Immune' From Records Release, But Hedges On House Case boisestatepublicradio.org
Stocks tumble after Supreme Court rules Trump must hand over tax returns cnn.com
Opinion - The Supreme Court deals a blow to Trump’s delusions of untrammeled power washingtonpost.com
Trump ally Roger Stone should go to prison next week, prosecutors tell court cnbc.com
Supreme Court rules N.Y. prosecutors can access Trump financial records, but not yet Congress cbc.ca
Trump attacks Lindsey Graphm after SCOTUS rulings politico.com
Court rulings keep Trump’s financial records private for now detroitnews.com
Trump attacks Lindsey Graham after SCOTUS rulings politico.com
Supreme Court ruling on tax records 'not good news' for Trump, says Pelosi mcclatchydc.com
U.S. Supreme Court lets prosecutor but not Congress obtain Trump financial records reuters.com
House GOPers Paint SCOTUS Ruling On Trump Tax Returns As ‘Political’ talkingpointsmemo.com
Biden Taunts Trump After SCOTUS Ruling On POTUS’s Tax Returns talkingpointsmemo.com
Historian on Supreme Court ruling: This is a very dark day for Donald Trump - CNN Video amp.cnn.com
Fox News's Napolitano calls SCOTUS tax rulings a defeat for Trump thehill.com
Here’s What’s Next In The Battle Over Trump’s Tax Returns After The Supreme Court’s Decisions marketwatch.com
Most Americans still want President Trump to release his tax returns today.yougov.com
Trump says he’s a victim of ‘political prosecution’ after Supreme Court rulings washingtonpost.com
The Supreme Court just shut the door on seeing Trump's taxes before the election cnn.com
The Supreme Court just dealt a huge blow to Congress’s power to investigate Trump - The Court holds that there are special rules for the president. vox.com
The Supreme Court’s unanimous — and biting — rebuke of one of Trump’s many ‘absolute’ claims washingtonpost.com
The 1 big thing Donald Trump still doesn't get about the Supreme Court edition.cnn.com
Rep. Jim Jordan (R-OH) calls the Supreme Court's decision to allow the release of President Trump's tax returns as "terrifying", saying "Americans are terrified of being audited by the IRS" townhall.com
The Supreme Court Puts Trump in His Place bloomberg.com
The Supreme Court just declared Trump isn’t above the law. But he also got a reprieve. washingtonpost.com
US Supreme Court Rules Some Trump Financial Records Can Be Revealed voanews.com
You Won't See Trump's Taxes Before Election Day, But He Could Face Bigger Problems npr.org
Donald Trump Is Stalling on Releasing Details of His Personal Finances motherjones.com
Trump calls Supreme Court rulings 'purely political' and rails against 'hellhole' New York as BLM mural painted outside tower independent.co.uk
Trump rails against Obama, FBI, Senate GOP after Supreme Court ruling on financial records axios.com
Don’t Be Fooled, Trump Is a Winner in the Supreme Court Tax Case nytimes.com
SCOTUS says New York prosecutors can seek Trump's tax documents,​ blocks Congress from getting them — at least for now theblaze.com
Supreme Court Lawyer on Tax Return Rulings: ‘If I’m Donald Trump, I’m Scared Right Now’ lawandcrime.com
Trump Says The Supreme Court Rulings On His Tax Records Are 'Not Fair' npr.org
In Wake of Supreme Court Ruling, Powerful House Democrat Richard Neal Faulted as 'Biggest Obstacle' to Getting Trump Tax Returns commondreams.org
The Supreme Court Brings the Presidency Back From a Lawless Brink: Today's decisions may not provide the deus ex machina that brings down Trump, but they slam the brakes on runaway executive power. newrepublic.com
Kayleigh McEnany says Trump's tax returns are still under audit axios.com
Wait, did Trump win or lose? A seven-question FAQ on the Supreme Court’s ruling. washingtonpost.com
The Court Has Decided: Someone Will See Trump’s Financial Crimes—Someday thenation.com
Five takeaways from Supreme Court's rulings on Trump tax returns thehill.com
Trump ran out the clock on his tax returns. House Democrats let him. theweek.com
Trump: Supreme Court ruling a 'witch hunt' and 'hoax' bbc.com
Appeals Court Pauses Lawsuit Over Trump Hotel Profits usnews.com
The Supreme Court Ruled Prosecutors In New York Can Get Trump’s Tax Returns buzzfeednews.com
Gasparino explains why Trump tax returns could be 'embarrassing' for president if made public foxnews.com
Trump Wins Court Hold on Hotel Emoluments Suit During Appeal bloomberg.com
2020 Daily Trail Markers: Supreme Court rules on Trump financial records cbsnews.com
Rulings let Trump keep his taxes under wraps for now, but his angry reaction underscores a political risk washingtonpost.com
Trump on Releasing His Tax Returns: From ‘Absolutely’ to ‘Political Prosecution’ nytimes.com
How Trump ‘Wins Despite Losing’ in ‘Muddled’ Supreme Court Rulings Over Tax Returns lawandcrime.com
Perspective - Presidents don’t usually lose as badly at the Supreme Court as Trump did washingtonpost.com
Trump's tax nightmare comes true as he loses Supreme Court case msnbc.com
The Supreme Court Teaches Trump the Limits of His Presidency newyorker.com
A Conservative Court and Trump’s Own Appointees Declare Their Independence nytimes.com
Just how screwed is Trump after SCOTUS’S tax returns ruling? vanityfair.com
Trump: I'm the president, I can't be subpoenaed or investigated. Supreme Court: Uh, no. usatoday.com
U.S. Supreme Court rebuffs Trump's immunity claim, lets prosecutor get financial records reuters.com
Trump looks for political edge in latest high court rulings wric.com
Trump spins political victory out of Supreme Court defeat politico.com
Supreme Court deals Trump another loss as he hits Fauci for 'mistakes' msnbc.com
Trump, Democrats both hoped for big political wins in Supreme Court decisions on taxes. Neither got one usatoday.com
Trump looks for political edge in latest high court rulings apnews.com
Trump Looks for Political Edge in Latest High Court Rulings nbcwashington.com
U.S. Supreme Court defied Trump at key moments in blockbuster term reuters.com
The Supreme Court just revoked Trump’s get-out-of-jail-free card washingtonpost.com
Judge Napolitano Schools Fox News on Trump's SCOTUS ‘Defeat’ thedailybeast.com
submitted by PoliticsModeratorBot to politics

8

Behind the scenes of a small freelance editing and writing business (2019) - Revenues, profits, and advice

I thought it might be interesting for other freelance writers to see behind the scenes of a freelance writing business. I hope it allows for some helpful comparison for other established freelance writers, and as inspiration for those starting out that freelance writing can provide a reasonable income.
I originally posted about the finances behind the business in 2016, and I thought it would be helpful to provide an update. These facts and figures are for 2019, prior to COVID. I’ll post 2020 figures next year, but I’m currently projecting our income and profits for 2020 will be about 20% - 25% lower as a result of COVID (hence why an emergency budget is so important).
First, a little history. My wife and I have been running a freelance business for the last 14 years. Until 2016, we focused purely on proofreading and copy editing. In 2016, I decided to add freelance writing to what we offered, mainly to diversify revenue streams. Between 2016 and 2019, we managed to up our revenue each year, both due to taking on more work and raising rates. We work exclusively from home.

Here's an overview of how we did in 2019, starting with the financials. All figures are approximate, rounded, and shown in US dollars.

Total revenue: $146K

  • Revenue from proofreading / editing: $25K
  • Revenue from freelance writing: $120K
  • Revenue per day from writing: $500
  • Revenue per day from editing: $100

* Total revenue per day: $600

Total business expenses (excl taxes): $24K

  • Health insurance premiums: $11K
  • Accounting fees: $3K (I had some complex tax matters that I resolved in 2019, fees are for that and EOY filings)
  • Computer software and subscriptions etc: $2K (SaaS subscriptions, web hosting, etc)
  • Bank and credit card charges: $2K
  • Office costs: $2K
  • Business donations to charity: $1K
  • Internet and phone: $1K

* Other expenses: $2K

Total profits (pre-tax): $122K

Taxes (payroll / self employment, federal, state): c. $33K

Take Home Pay after Taxes: $89K, $7.5K a month

Living Expenses: $4.5K a month, $55K a year

  • We have paid off our mortgage and don’t carry debt.
  • We don't have kids, which significantly reduces our expenses.

* We do have “emergency” savings to cover six months of expenses.

Disposable Income: $3.3K a month, 39K a year

  • We spend 20% - 30% of this on charitable donations, larger projects, and fun stuff.

* 70% - 80% of this disposable income is invested over the medium to long term, mainly in retirement accounts. Only 15 years away from retirement and need to build those funds up!

2019 Revenue by Major Clients

  • Currency exchange business: $30K
  • Marketing agency for business formation: $26K
  • Fiverr Pro freelance platform: $19K
  • Marketing agency for cybersecurity and other clients: $14K
  • Marketing agency for SaaS: $12K
  • Supply chain business: $10K

* Ecommerce marketplace: $8K

Lessons learned

  • Diversification - Diversify among niches and clients as much as is reasonably possible. Don’t rely on one particular client for the majority of your income. Needless to say, the currency exchange business that was my biggest client in 2019 has not used me at all since March 2020, due to COVID. I definitely recommend multiple revenue streams for any freelancer, so you can protect your income.
  • Independence - The only freelance platform that we use is Fiverr Pro which we were invited to join. Fiverr Pro is for professionally priced freelance services, so we can charge as much on there as we do for off-platform work. We haven’t used other freelance platforms like Upwork or Freelancer.
  • Specialization - A narrow focus on specific niches and topics was key to success. On the proofreading / copy editing side, that means non-fiction, medical, and training. On the writing side, that means tech, business, and finance. Specializing means you can often charge more, and helps you get work in the first place.
  • Confidence - If you’re good at what you do, have the confidence to ask for higher rates. My B2B clients are happy to pay my rates for the level of service they get. The ideal position to be in as a freelancer is that you set the rates, not the clients.
  • Pricing - We always price by the project or per word - That works much better for our clients than hourly pricing. Additionally, if you can work fast and maintain quality, that often results in higher per hour fees. For example, if you can write a 1,500 word blog post for $200 in 90 minutes, that's an hourly fee of $125. Additionally, I started writing at 10c a word and slowly increased the rate every year, until the c. 35c a word I am on now. That feels like a sweet spot for my current level of expertise, and works for clients.
  • Automation and efficiency - Automation is really important. Less time spent on admin means more time that's chargeable to clients. Key efficiencies for us include IFTTT for scanning job boards and emailing leads, Zapier for transferring information between online services, FreeAgent for accounting, invoicing, expenses, payroll etc, TickTIck for project and task management, and Google Docs for working with clients.
  • Finances - It's really, really important to stay on top of finances, so you can see where you're making money, your key expenses, your financial outlook etc. We also have around six months of household expenses as an "emergency budget" which definitely helps our peace-of-mind!
  • Professionalism - This is vital. Presenting yourself as a professional businessperson, with confidence and poise is vital. In other words, it's not just about the work itself, it's about everything around that. Good communications, suggestions to the client, getting contracts in place, always meeting deadlines, following up - It all makes a difference.
  • Clients - Do everything you can to find regular clients. One of the biggest time sucks for a freelancer is seeking out new leads and applying to them. If you can get clients who use you on a regular basis, that's good for your bank balance, and for reducing time you spend looking for new gigs. For me, the revelation was marketing agencies, who find clients for you!
  • Finding leads: Find a lead generation tool that works for you. Much of my lead generation came to applying for very specialist jobs through job boards that I was highly qualified for. In 2020, I completely rebuilt my website and portfolio to concentrate solely on inbound leads, and get between 3 and 5 serious inquiries a month.
  • Work and life balance - Through all of this, it's important to keep a good work and life balance, especially in times of COVID!
  • Puppies - Pets are a wonder for freelancers. Perfect for the breaks you take, the love you share, and the need to get out and take them for walks (at least for dogs and wombats.) They're great for mental and physical health.
That’s it! I hope you’ve found this helpful and illuminating. Please let me know your thoughts, and I am happy to answer any questions.
submitted by paul_caspian to freelanceWriters