Geeto67 Posted October 28, 2021 Report Share Posted October 28, 2021 I agree 100%. This was in response to the comment the people that create hundreds of thousands of jobs are being targeted for paying little or no tax. It was stated until we have millions or billions to be able to pay comparable taxes, that we shouldn't have an opinion on those people not paying. The point is, they are being targeted because they are such "big fish". The time/money investment has a much larger return compared to targeting a lot of median tax evaders. It was also the point that they should never be exempt. I also don't feel that companies should be exempt but, that is a whole different topic and reasoning. We are on the same page, got it. :thumbup: There is an initiative to target small tax evaders and that is lowering the 1099K reporting on third party payment companies (paypal, venmo, cashapp, etc). In typical fashion the education problem rears it's ugly head because facebook is full of memes about how your yard sale is going to be taxed, when in reality nothing is changing about how an individual is filing or paying their taxes, the government just knows a little bit more about how they are being paid. Unless you are not reporting any of that UBER money, in which case yeah it might be changing a little. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted October 28, 2021 Report Share Posted October 28, 2021 If everyone is to be taxed everyone should be taxed equally. Set a percentage and stick to it. "No breaks! Santa Claus doesn't give any breaks!" Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted October 28, 2021 Author Report Share Posted October 28, 2021 If everyone is to be taxed everyone should be taxed equally. Set a percentage and stick to it. "No breaks! Santa Claus doesn't give any breaks!" Thief. Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 28, 2021 Report Share Posted October 28, 2021 ^^^ a little taste of his own medicine... Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted October 28, 2021 Report Share Posted October 28, 2021 Thief. "If..." ...and I agree. They certainly are. Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 29, 2021 Report Share Posted October 29, 2021 https://www.yahoo.com/news/biden-administration-could-pay-illegal-201909101.html You did something illegal..you get bumpkis except a trip back home Quote Link to comment Share on other sites More sharing options...
oh8sti Posted October 29, 2021 Report Share Posted October 29, 2021 I guess I know what im doing this winter then. 1. denounce citizenship 2. move to Mexico 3. cross illegally 4. get that guac Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 29, 2021 Report Share Posted October 29, 2021 The dems in congress are really having a hard time between the moderates and the communist socialists .. oh wait they want to be called progressive.. I guess we should ask how is that working in cuba & russia Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted October 29, 2021 Author Report Share Posted October 29, 2021 The dems in congress are really having a hard time between the moderates and the communist socialists .. oh wait they want to be called progressive.. I guess we should ask how is that working in cuba & russia The policies "socialist" Democrats are pushing for would bring us more in line with places like Norway or Germany. Russia hasn't been communist in, like 30 years. China is actually communist and while I wouldn't want to live there, they've certainly been taking us to the mat on the world stage. Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 29, 2021 Report Share Posted October 29, 2021 russia isn't communist??..I must have missed it..when did it become a democracy ? putin isn't a commie??? I guess the commie left in the democratic party want to fill the void. Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted October 29, 2021 Author Report Share Posted October 29, 2021 russia isn't communist??..I must have missed it..when did it become a democracy ? Like I said, 30 years ago. putin isn't a commie??? No... Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 29, 2021 Report Share Posted October 29, 2021 https://www.yahoo.com/news/biden-administration-could-pay-illegal-201909101.html You did something illegal..you get bumpkis except a trip back home For anyone voting to do this or accepting it should be thrown out of office and brought up on criminal charges. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted October 30, 2021 Report Share Posted October 30, 2021 China is actually communist and while I wouldn't want to live there, they've certainly been taking us to the mat on the world stage. Not in football. They haven't had a single Super Bowl winning team. Ever. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted October 30, 2021 Report Share Posted October 30, 2021 Jack Black isn't funny anyway. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted October 30, 2021 Report Share Posted October 30, 2021 We haven't had POTUS speeches this lol worthy since Dubya. Quote Link to comment Share on other sites More sharing options...
cstmg8 Posted October 30, 2021 Report Share Posted October 30, 2021 WTF Did he mean to say "commuter", and is he talking about the portal bridge over the Hackensack? I suppose it's not as crazy as it seems, but his reputation precedes him.... Sent from my Pixel 3 XL using Tapatalk Quote Link to comment Share on other sites More sharing options...
Mallard Posted October 30, 2021 Report Share Posted October 30, 2021 For anyone voting to do this or accepting it should be thrown out of office and brought up on criminal charges.You can that the last guy for creating the family separation policy in the first place, including losing track of who many kids parents were and where they went. If you're mad about paying these people a settlement, then you should be mad about the guy that gave them a reason to take the US Gov to court in the first place. Sent from my SM-G973U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 30, 2021 Report Share Posted October 30, 2021 No, I'm mad that we are doing anything for illegals except sending them back Also, obuma built those camps so there's that Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted October 30, 2021 Report Share Posted October 30, 2021 many of you complained about trump but look at this mess: https://www.yahoo.com/news/confrontations-chaos-confusion-bidens-agenda-214713092.html Quote Link to comment Share on other sites More sharing options...
smokinHawk1647545499 Posted October 31, 2021 Report Share Posted October 31, 2021 Looking at that ProPublica article, Elon Musk paid $0 in taxes in 2018. If you take his 2021 yearly income and tax it at 14% (the median tax bracket), that is $17,708,142,023.60. The median taxpayer makes $70,000 and pays $9,800 in taxes (at 14%). It would take 1,806,953 taxpayers to equal his one tax bill. If you can spend the time going after 1 non-payer or going after 1.8M non-payers and yield the same result, who would you target? If you tax him at 37% (the bracket for over $628,300), it would take 4,775,519 median non-payers to equal just him. All of his companies combined only have 110,000 employees. At what point is it okay to not pay any tax because you created jobs that create tax revenue? 10? 100? 1000? The upper 1% pay more dollar wise but it is supposed to be an equal proportion. It is supposed to be more equal that way. Much like the guys on Super Speeders laugh at tickets meanwhile a single parent family may not eat that week because monetarily they are equal but proportionately they are drastically different. (Hence why some other countries make fines percentages instead of $ amounts.) Did you know elons salary in 2018 was $56380, so your math is off. He is building the value of his company instead of taking cash (yes he gets paid in stock also) People be thinking he has $448B sitting in a vault with him swimming in it like scrooge mcduck, but the wealth he has is a business that produces jobs and goods. Quote Link to comment Share on other sites More sharing options...
Geeto67 Posted October 31, 2021 Report Share Posted October 31, 2021 Did you know elons salary in 2018 was $56380, so your math is off. He is building the value of his company instead of taking cash (yes he gets paid in stock also) People be thinking he has $448B sitting in a vault with him swimming in it like scrooge mcduck, but the wealth he has is a business that produces jobs and goods. Hang on there a second.... $56,380 isn't his full "salary" or income. It is his compensation as CEO of Tesla for 2018. He didn't cash the check however so his income from tesla was technically $0. But that is not the end of the story..... in 2018 while he was making $58,380, he also received $2.3 Billion dollars in stock and options from Tesla from meeting certain tollgates. This also isn't considering his compensation from his other companies, his charities, and his investments. This is just Tesla. so his compensation for 2018 was $2.3B +58,380 just from tesla alone. So why didn't he pay income taxes on any of it? He has access to $2.3B, he can spend like he has $2.3B, so why isn't he taxed on the $2.3B as income? Well, The wealthy have the option of taking their payment in non-traditional ways that can avoid the technical definition of income tax. For instance if he just holds on to that money for 1 year, he is not subject to income tax laws but the SEC tax laws regarding securities. Any Profit (and it is all profit) is taxed at the capital gains rate, and not the income rate and - you guessed it, capital gains is much much lower. So how does he spend it if he has to wait a year? While he is waiting he can take a loan out on the amount and wouldn't you know it, they give very very low interest rates to people who have a billion in assets and can overcollateralize the loan. Between the interest rates, the capital gains tax (which only is paid when it is realized or sold which can take decades to do), and the various other loopholes that exist around not for profits, offshore accounts, etc...People like Musk end up "virtual money bins" where their money is in a state that can't be taxed but still available to them. While he may be "building value" in his company along side this, we are just talking about his personal wealth. Yes his personal wealth is tied to the value of his company in the form of shares of stocks, these are still assets he alone controls and don't count to the value of his company as assets held by his companies. Quote Link to comment Share on other sites More sharing options...
99FLHRCI Posted November 1, 2021 Report Share Posted November 1, 2021 Did you know elons salary in 2018 was $56380, so your math is off. He is building the value of his company instead of taking cash (yes he gets paid in stock also) People be thinking he has $448B sitting in a vault with him swimming in it like scrooge mcduck, but the wealth he has is a business that produces jobs and goods. First, I used his income from 2021 as I stated. Second, as Geeto67 stated, his salary is not all of his income. Much like you have to declare your salary and then all other income, so should he. When you look at goals that he met and entitled him to $100B in stock options, that is home his personal wealth went from $24B to $151B in one year. So through loop holes, he paid $70k in taxes for 2015-2017 and $0 in 2018. Meanwhile, his lowest paid employees (Production assistants) earning $39k per year ($18.75/hr) paid $34k in the same time frame. Quote Link to comment Share on other sites More sharing options...
Furloaf Posted November 2, 2021 Report Share Posted November 2, 2021 LOL at Elon asking WFP to show how the $6 billion to end world hunger would be spent. WFP would never want to end world hunger Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted November 2, 2021 Report Share Posted November 2, 2021 He called their bluff Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted November 2, 2021 Author Report Share Posted November 2, 2021 LOL at Elon asking WFP to show how the $6 billion to end world hunger would be spent. WFP would never want to end world hunger Y'all want to rail against CNN's shitty reporting and people being mislead by the media, here's your chance. In the interview on CNN, the WFP director said Billionaires need to "step up now, on a one-time basis". "$6 billion to help 42 million people that are literally going to die if we don't reach them. It's not complicated," he added. CNN then twisted that into a headline that said "2% of Elon Musk's wealth could help solve world hunger, says director of UN food scarcity organization" (see same link as above). Which isn't exactly what Beasley was saying. It's also not exactly wrong -- technically any amount of money would "help." Musk and others than twisted that further to say that the WFP thinks $6B can "end world hunger," which is something that absolutely nobody said. eta: It's actually worse than I thought, CNN fucked the headline up even more from the get go and had to issue a correction. He called their bluff And then he called Elon's bluff right back. Quote Link to comment Share on other sites More sharing options...
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