Trump 2025

Quote: fleaswatter

Quote: rxwine

Quote: fleaswatter

Trump’s 18-0 Winning Streak At SCOTUS Underscores The Problem Of Rogue Judges



I don't know if I can handle all this winning. LOL

Thinking expanded executive power is only for Republicans on every case he wins is your first mistake.

I'm not worried at all.

If the women and minority voters and their allies vote for a MAGA dynasty, they deserve the bleakness and discrimination that results.

Quote: Gandler

100% true, the top 1% as a proportion of their net worth pay less of their net worth than the bottom 99%. This is really not hard to believe, because a big portion of their networth is in assets that most years don't get taxed...

So yes, they pay more than somebody making 20/hr, but the person making 20/hr pays more of their total net worth towards taxes every year.

As usual you do not get it. INCOME is being taxed, not "net worth." Most of the "top 1%" have their net worth tied up in illiquid things.

Quote: GenoDRPh

Quote: fleaswatter

Quote: rxwine

Quote: fleaswatter

Trump’s 18-0 Winning Streak At SCOTUS Underscores The Problem Of Rogue Judges



I don't know if I can handle all this winning. LOL

Thinking expanded executive power is only for Republicans on every case he wins is your first mistake.

I'm not worried at all.

If the women and minority voters and their allies vote for a MAGA dynasty, they deserve the bleakness and discrimination that results.

Yet another of your racist and sexist comments there.

Quote: AZDuffman

Quote: GenoDRPh

Quote: fleaswatter

Quote: rxwine

Quote: fleaswatter

Trump’s 18-0 Winning Streak At SCOTUS Underscores The Problem Of Rogue Judges



I don't know if I can handle all this winning. LOL

Thinking expanded executive power is only for Republicans on every case he wins is your first mistake.

I'm not worried at all.

If the women and minority voters and their allies vote for a MAGA dynasty, they deserve the bleakness and discrimination that results.

Yet another of your racist and sexist comments there.

Yup. And I mean every single word. May the MAGA voters hurt by MAGA office holders have the days they voted for.

Quote: GenoDRPh

Quote: AZDuffman

Quote: GenoDRPh

Quote: fleaswatter

Quote: rxwine

Quote: fleaswatter

Trump’s 18-0 Winning Streak At SCOTUS Underscores The Problem Of Rogue Judges



I don't know if I can handle all this winning. LOL

Thinking expanded executive power is only for Republicans on every case he wins is your first mistake.

I'm not worried at all.

If the women and minority voters and their allies vote for a MAGA dynasty, they deserve the bleakness and discrimination that results.

Yet another of your racist and sexist comments there.

Yup. And I mean every single word. May the MAGA voters hurt by MAGA office holders have the days they voted for.

ATTENTION ADVERTISERS: YOU TOO CAN MARKET TO THIS FINE DEMOGRAPHIC!

Quote: AZDuffman

As usual you do not get it. INCOME is being taxed, not "net worth." Most of the "top 1%" have their net worth tied up in illiquid things.

I think he ‘gets it’. The present tax system taxes income and not net worth. You can’t convince me that that makes sense IF you were starting a taxation system TODAY.

I’ll use ME as an example. Now in the retirement phase of life, I pay very little in taxes. Small pension and SS benefits are taxed. When I sell a stock the profit from purchase price s taxed at a lower rate. A ‘regular’ single guy making $100k is probably paying more in taxes than I do and I can assure you I can ‘afford’ to pay a lot more. But you are 100% correct about the ‘illiquid nature’ of the top 1%. A guy who owns, say, car dealerships valued at $1 billion shouldn’t be forced to sell some to pay taxes. It IS reasonable for him to only pay taxes on the income those 50 dealerships generate.

And if you think there is fraud and underreporting of income, I can’t imagine how that would expand under a ‘net worth ‘ tax system! Trust me, Trump’s 10 billion reported net worth today would magically be reported as $286 million as soon as that law changed.

Quote: SOOPOO

I think he ‘gets it’. The present tax system taxes income and not net worth. You can’t convince me that that makes sense IF you were starting a taxation system TODAY.

I’ll use ME as an example. Now in the retirement phase of life, I pay very little in taxes. Small pension and SS benefits are taxed. When I sell a stock the profit from purchase price s taxed at a lower rate. A ‘regular’ single guy making $100k is probably paying more in taxes than I do and I can assure you I can ‘afford’ to pay a lot more. But you are 100% correct about the ‘illiquid nature’ of the top 1%. A guy who owns, say, car dealerships valued at $1 billion shouldn’t be forced to sell some to pay taxes. It IS reasonable for him to only pay taxes on the income those 50 dealerships generate.

And if you think there is fraud and underreporting of income, I can’t imagine how that would expand under a ‘net worth ‘ tax system! Trust me, Trump’s 10 billion reported net worth today would magically be reported as $286 million as soon as that law changed.

Any source of income and any modality of income should be taxed equally at the time of earning. After that, the earners can do whatever legal action the want witht he money. ANd if they have enough money to buy a large mansion in an expensive neighborhood in a rich town, have at it. Government should not then tax the value of that property as income each year. Same as if they buy stocks with after tax money and the stocks hit big.

Let's take Elon. Tesla recently offered him a $29 billion pay package, mostly in Tesla restricted stock that vests after 2 years. The IRS should tax that stock at the same rate it would tax him if they gave him $29 billion in cash over two years. And, yes, even if that means he has to sell some of that stock to raise the cash to pay the IRS, unless the IRS will accept some stock as payment. Then he can do with the leftover stock whatever he wants as after tax proceeds. That is now his afertax wealth.

Another ruling by a loser, lefty, libtard, activist, democRAT judge, this time Indira Talwani, appointed by joe bidumb, gets overruled upon appeal.

Appeals court rules Trump administration can end legal protections for more than 400,000 migrants

Quote:

A federal appeals court ruled Friday that the Trump administration can end legal protections for around 430,000 migrants from Cuba, Haiti, Nicaragua and Venezuela.

It seems like every day another democRAT judge's ruling is overturned upon appeal.

So much winning.

Quote: GenoDRPh

Any source of income and any modality of income should be taxed equally at the time of earning. After that, the earners can do whatever legal action the want witht he money. ANd if they have enough money to buy a large mansion in an expensive neighborhood in a rich town, have at it. Government should not then tax the value of that property as income each year. Same as if they buy stocks with after tax money and the stocks hit big.

Let's take Elon. Tesla recently offered him a $29 billion pay package, mostly in Tesla restricted stock that vests after 2 years. The IRS should tax that stock at the same rate it would tax him if they gave him $29 billion in cash over two years. And, yes, even if that means he has to sell some of that stock to raise the cash to pay the IRS, unless the IRS will accept some stock as payment. Then he can do with the leftover stock whatever he wants as after tax proceeds. That is now his afertax wealth.

Let’s say Musk iis just starting out. Worth a mere 100 million. And is given that 29 billion that doesn’t vest for two years. He doesn’t have access to that money now. How does he pay taxes on the 14.5 billion you want him to pay?

Smaller example. You are a new accountant who starts working for an established accountant. The firm is worth 2 million. Your ‘buy in’ to eventually become an equal partner is for 10 years instead of making $200k a year you accept only $100k a year. So essentially you are getting $100k a year in cash, and $100k a year in future equity. You can’t afford to pay tax now on $200k a year as you are only taking in $100k. The ‘time of earning’ concept doesn’t always work.

Quote: SOOPOO

Let’s say Musk iis just starting out. Worth a mere 100 million. And is given that 29 billion that doesn’t vest for two years. He doesn’t have access to that money now. How does he pay taxes on the 14.5 billion you want him to pay?

Smaller example. You are a new accountant who starts working for an established accountant. The firm is worth 2 million. Your ‘buy in’ to eventually become an equal partner is for 10 years instead of making $200k a year you accept only $100k a year. So essentially you are getting $100k a year in cash, and $100k a year in future equity. You can’t afford to pay tax now on $200k a year as you are only taking in $100k. The ‘time of earning’ concept doesn’t always work.

Whenever Musk takes control of the stock is when it should be taxed, perhaps? If he takes control of $14.5 billion in stock this tax year, then he pays tax on it this tax, aat the same rate as if he earned $14.5 billion in cash. Then when he takes control of next year's stock, he pays taxes on it next year. How he pays that tax this year and next year is his problem to solve, just like paying my income taxes this year is my problem to solve.

As for our young accountant, long story short: if he receives income, then tax it. What he needs to do to pay that tax when it is due is his problem to solve.