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| SOOPOO Member since: Feb 19, 2014
Threads: 25
Posts: 5966 | Quote: GenoDRPh Quote: SOOPOO Quote: GenoDRPh Quote: SOOPOO Quote: terapined1
What are they protesting? I see one sign saying tax billionaires now. Like they aren’t taxed now? I googled it. Last year they have Musk’s tax billionaires was 2021. He paid between 11 and 12 billion dollars. Probably more than every protester there, plus every child of every protester there, plus every spouse of every protester, every spouse of every child of every protester, for their entire lives. By some large multiple. But he can afford it!
Did Elon pay the same percentage of his income in taxes as those people, or is it okay he pays less percentage-wise, as long as he pays more on an absolute scale?
I’m fine with the fact I paid as much as dozens of families that made low wages, like (back in the day) $80k per year. As far as Musk, and other ‘stock’ billionaires, you are right they pay a lower percentage because they pay nothing until they sell some of the stock. I’m ok with that. Think of it this way. Owning stock is like owning a (piece of) a company. If you bought a pizza restaurant for $100k, built it up into a much more successful restaurant, now worth $2 million, should you pay tax on that 1.9 million if you haven’t sold the restaurant? Tesla is Musk’s restaurant. So I’m not sure how to answer. Musk does pay the maximum rate on his INCOME. The highest percentage the law allows. Just it’s not how the progressives want income defined. I’m guessing if we get the Democrat trifecta of Prez/House/Senate ‘income’ will be redefined.
Then let's redefine "income" then. A pizza parlor owner whose restaurant increases in value has unrealized gains. Giving Elon stocks worth money at the time of transfer is-or should be-a realized gain, no different than if he was paid the equivalent in cash on a W-2. If Tesla gives Elon a million shares of Tesla, then tax Elon the cash value of the shares that he receives. After he pays that tax, he can do whatever he wants with it. Same as with after tax dollars. I'm even willing to give him a break and tax him at the lowest price the stock is for that calendar year, from the date he got them. If the grand prize winners on some game show has to pay taxes on the appliances, boat and free trip they won, and if the 1st prize winners of some raffle has to pay taxes on cars they just won, and if someone to pay taxes on the large gift people get from a family member as a down payment on a house, so should Elon have to pay taxes on the stocks he just earned, as that is compensation. If my state and the Feds take a certain portion of my pay every paycheck in taxes as pay as you go, so should Elon have to pay as he goes for ALL of his compensation-cash, stocks or whatever. And if that means Elon has to sell some of his stock to raise cash to pay the taxes, so be it. And if that means his percentage of ownership goes down, so be it.
I can support your plan. If Musk is given stock in lieu of cash, then that should be income. |
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| rxwine Member since: Oct 24, 2012
Threads: 217
Posts: 23119 | Nothing better than the Sheriff investigating himself. For the Sherriff that is. Quote: the DOJ earlier this year proposed a rule that would let the attorney general suspend state bar proceedings against current or former DOJ lawyers if an internal investigation is open. Critics called it a naked attempt to shield DOJ attorneys from outside accountability. The internal watchdog system at DOJ, they note, has effectively been dismantled under Trump.
"Trumpsplain (def.) explaining absolute nonsense said by TRUMP. |
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| rxwine Member since: Oct 24, 2012
Threads: 217
Posts: 23119 | Quote: federal judge on Wednesday permanently barred President Donald Trump’s administration from implementing most of his first executive order on elections, part of which sought to require people to show documentary proof of citizenship when they register to vote. The judge agreed that the states and Congress have constitutional authority over elections, deeming Trump’s requirements a violation of the separation of powers.
"Trumpsplain (def.) explaining absolute nonsense said by TRUMP. |
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| rxwine Member since: Oct 24, 2012
Threads: 217
Posts: 23119 | Trump's own 20,000Lb presidential limousine MAY have caused the damage to the reflecting pool when he had his motorcade drive through it while it was dry, and seal was setting up still. "Trumpsplain (def.) explaining absolute nonsense said by TRUMP. |
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| OnceDear Member since: Nov 21, 2017
Threads: 15
Posts: 1837 | Quote: rxwine Trump's own 20,000Lb presidential limousine MAY have caused the damage to the reflecting pool when he had his motorcade drive through it while it was dry, and seal was setting up still.
The contractors simply did a rubbish job of an ill conceived project. It didn't need vandals when it had cowboys as contractors and a customer with no concept of quality. It's going to cost many tens of millions to try to put it right. Not going to happen on trump's watch. He's incapable of getting and letting the experts do it. |
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| rxwine Member since: Oct 24, 2012
Threads: 217
Posts: 23119 | Quote: After multiple musical artists pulled out of his Great American State Fair, Trump tried to save the event by inserting himself as the headliner, only to be met with a stream of attendees leaving in the middle of his speech.
https://www.youtube.com/watch?v=j9vLk4TgOFg "Trumpsplain (def.) explaining absolute nonsense said by TRUMP. |
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| terapined1 Member since: Nov 26, 2024
Threads: 2
Posts: 942 | |
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| missedhervee Member since: Apr 23, 2021
Threads: 166
Posts: 5747 | So, is America Great Again?
Are we there yet?
Shit.
- The President uses his office to enrich himself, including using insider trading, while inflation rages on.
- The government can't even clean and sustain a large pool of water.
- Sparse crowds turn out for his events.
- The thousands of jobs that were supposed to be created in the U.S. haven't materialized
- Christian values are not being promoted
- Gun violence continues unabated
- The Great Infrastructure fix has never materialised
- The White House grounds are a mess with unfinished unapproved projects
- The U.S. has no foreign policy vision
- Nothing has been done to cut off the illicit supplies of fentanyl coming from labs in China
Other than enriching himself, I don't much Greatness for the rest of the country. |
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| GenoDRPh Member since: Aug 24, 2023
Threads: 5
Posts: 3056 | Quote: missedhervee So, is America Great Again?
Are we there yet?
Shit.
- The President uses his office to enrich himself, including using insider trading, while inflation rages on.
- The government can't even clean and sustain a large pool of water.
- Sparse crowds turn out for his events.
- The thousands of jobs that were supposed to be created in the U.S. haven't materialized
- Christian values are not being promoted
- Gun violence continues unabated
- The Great Infrastructure fix has never materialised
- The White House grounds are a mess with unfinished unapproved projects
- The U.S. has no foreign policy vision
- Nothing has been done to cut off the illicit supplies of fentanyl coming from labs in China
Other than enriching himself, I don't much Greatness for the rest of the country.
But as long as we can walk our dogs so the neighborhood kids can play with them, and play a round of golf daily, we're doing alright. Because life goes on. |
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| terapined1 Member since: Nov 26, 2024
Threads: 2
Posts: 942 | |
