No big deal if they skip years. Got it. After rich is rich and people like me have to pay every year.Greengrass wrote: ↑Sun Nov 03, 2024 2:27 pm And yet the top 10% pay 75% of income taxes and the bottom 50% pay 2.3%. That’s a very good balance. Wonderfully progressive.
Yeah it’s certainly ok to skip years. Especially since in musks case your looking at an average of $3,5 billion a year in taxes over 16/years. Practical folks are enthralled with that tax revenue.gounion wrote: ↑Sun Nov 03, 2024 2:35 pm No big deal if they skip years. Got it. After rich is rich and people like me have to pay every year.
Soooooo progressive.
And if they don’t like it? Just declare bankruptcy. They’ve changed the laws so that working people can’t declare bankruptcy like Trump.
Musk makes bigger contribution to the GOP.Greengrass wrote: ↑Sun Nov 03, 2024 3:47 pm Yeah it’s certainly ok to skip years. Especially since in musks case your looking at an average of $3,5 billion a year in taxes over 16/years. Practical folks are enthralled with that tax revenue.
And Musk, like Buffet, are big investors in T Bills. Thank them very much.
And these guys make huge contributions to GDP.
Never said I was good with trump. You asked the question about why he doesn’t pay much in taxes. I explained to you why. Ya got that distortion generator going as usual.
No, you think it's fine for Trump to file bankruptcy and not pay taxes for years on end. You've said so.Greengrass wrote: ↑Sun Nov 03, 2024 5:06 pm Never said I was good with trump. You asked the question about why he doesn’t pay much in taxes. I explained to you why. Ya got that distortion generator going as usual.
I don’t think musk donated billions to the gop. But you go ahead and live in an illusion.
That’s 1% of what he paid in income taxes in 2021.gounion wrote: ↑Sun Nov 03, 2024 5:11 pm No, you think it's fine for Trump to file bankruptcy and not pay taxes for years on end. You've said so.
And you have no idea how much money Musk has put into the dark MAGA. He's doing a million a day in giveaways. We KNOW he's given over $100 mil to Trump's Super PAC alone.
Anything for the rich. Give them a pass on everything. Why should they pay taxes every year? Just because I have to, doesn’t mean they aren’t better than me, right?Greengrass wrote: ↑Sun Nov 03, 2024 6:22 pm That’s 1% of what he paid in income taxes in 2021.
I never said it was fine. Simply explained to you how he didn’t pay much in taxes. He’s not alone in that business model. Again, your distortion generator at work.
Again, if you can average $3.5 billion a year for 16 years for 3 years of income that works out just fine. Thats not a pass.
You are just guessing. You don’t know what he’s paid over the years.Greengrass wrote: ↑Sun Nov 03, 2024 6:32 pm Again, if you can average $3.5 billion a year for 16 years for 3 years of income that works out just fine. Thats not a pass.
Yeah, it’s okay if he’s white, right?Greengrass wrote: ↑Sun Nov 03, 2024 6:42 pm He can get in line behind 13 million unlawful immigrants.
They should pay what the law requires them to pay. No more. No less. Just like all the Dem politicians and Dem corp execs. I have to laugh when folks go off on the tax code like rich people write it. It’s politicians that write it. How do you think they incentive business people to do the things they want they to do? How do you think Harris will incentive builders to build another 3 million homes? And then folks like you will bitch because those people don’t pay their “fair share”. Much of what you see in the tax code was passed into law with bipartisan legislation and signed into law by Presidents of both parties.
No, it’s the rich people that write it for the lawmakers. Do you think Elon Musk is giving Trump hundreds of millions for nothing? Reality check: https://www.propublica.org/article/the- ... income-taxJoeMemphis wrote: ↑Sun Nov 03, 2024 7:29 pm They should pay what the law requires them to pay. No more. No less. Just like all the Dem politicians and Dem corp execs. I have to laugh when folks go off on the tax code like rich people write it. It’s politicians that write it. How do you think they incentive business people to do the things they want they to do? How do you think Harris will incentive builders to build another 3 million homes? And then folks like you will bitch because those people don’t pay their “fair share”. Much of what you see in the tax code was passed into law with bipartisan legislation and signed into law by Presidents of both parties.
If you are unhappy with the code, don’t blame the tax payer for following the law. Change the law.
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits.
Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.
So you still can’t understand that when you have a few billion dollars, that have been taxed so no longer subject to taxation, laying around ya don’t need income. If you don’t have income then no income tax.gounion wrote: ↑Sun Nov 03, 2024 7:36 pm No, it’s the rich people that write it for the lawmakers. Do you think Elon Musk is giving Trump hundreds of millions for nothing? Reality check: https://www.propublica.org/article/the- ... income-tax
Any excuse in the world.Greengrass wrote: ↑Sun Nov 03, 2024 7:44 pm So you still can’t understand that when you have a few billion dollars, that have been taxed so no longer subject to taxation, laying around ya don’t need income. If you don’t have income then no income tax.
So which code section did Elon write? Tell us.gounion wrote: ↑Sun Nov 03, 2024 7:36 pm No, it’s the rich people that write it for the lawmakers. Do you think Elon Musk is giving Trump hundreds of millions for nothing? Reality check: https://www.propublica.org/article/the- ... income-tax
I didn't join an elite force only to have to put up with freeloaders. You're either a scab, or you're not. Don't like it, find another school. Plain and simple, We fought and paid for the wages and benefits unions provided. And i'm going to work with a freeloading scab? Ya, fuck that.JoeMemphis wrote: ↑Sun Nov 03, 2024 8:37 am You could ask that question a different way. Why should any individual be forced to pay for services they do not want and do not need at risk of termination of their employment?
I see it this way, if union provides value to the employee, then they should not have to compel or force the employee to pay for the service they may not need and do not want. There are all kinds of professional organizations that don’t force people to pay for service.
You need to learn the difference between income and asset value and growth in asset value. Asset value and growth in asset value isn’t income. We only tax income.rainwater wrote: ↑Sun Nov 03, 2024 10:52 pm taxes taxes who's got the info. who's got the stocks.
these folks dont want to build roads schools or anything for the country.
they all know each other.
https://www.politifact.com › factchecks › 2023 › feb › 20 › joe-biden › in-push-for-billionaire-tax-joe-biden-gets-his-fig
Joe Biden miscalculates how much billionaires pay in taxes
Feb 15, 2023 Under today's laws, the 25 highest-earning billionaires paid an average tax rate of 16%. • Meanwhile, among households earning from $50,000 to $100,000 a year — the category that many ...
https://www.verifythis.com › article › news › verify › joe-biden › biden-billionaire-tax-rate-fact-check › 536-75be1f9b-d40f-45b3-9201-82b161a4e61b
Fact-checking Biden's billionaire tax rate claim | verifythis.com
Aug 20, 2024But the actual number is higher. President Joe Biden has repeatedly called on Congress to enact a minimum tax rate of 25% for billionaires in the United States, claiming it would raise $500 billion over the next 10 years. Biden claimed during his State of the Union address on March 7 that the "average federal tax rate" for billionaires is 8.2%.
https://www.forbes.com › sites › sarahhansen › 2021 › 06 › 08 › richest-americans-including-bezos-musk-and-buffett-paid-federal-income-taxes-equaling-just-34-of-401-billion-in-new-wealth-bombshell-report-shows
Richest Americans—Including Bezos, Musk And Buffett—Paid ... - Forbes
Jun 8, 2021 As Elon Musk, the billionaire CEO of Tesla, saw his wealth balloon by $13.9 billion between 2014 and 2018, he reported $1.52 billion in income and paid a true tax rate of 3.27%.
https://www.politifact.com › factchecks › 2024 › oct › 10 › kamala-harris › kamala-harris-off-base-on-tax-rate-comparison-of-b
PolitiFact | Kamala Harris off base on tax rate comparison of ...
Oct 7, 2024 Under current law, the 25 highest-earning billionaires paid a 16% tax rate on average, estimates show, while the top 1% of taxpayers paid an average rate north of 25.6%. More than 91% of ...
https://www.whitehouse.gov › omb › briefing-room › 2021 › 09 › 23 › new-omb-cea-report-billionaires-pay-an-average-federal-individual-income-tax-rate-of-just-8-2
New OMB-CEA Report: Billionaires Pay an Average Federal Individual ...
The report estimates that the wealthiest 400 billionaires paid an average of 8.2% in federal income taxes between 2010 and 2018, largely due to untaxed income from wealth. It argues that the President's agenda would restore fairness to the tax code and help working people.
https://www.cbsnews.com › news › income-tax-rich-billionaire-8-2-percent-average
America's billionaires pay an average income tax rate ...
A new analysis by the White House shows that the wealthiest 400 families in the U.S. paid an average income tax rate of just 8.2% between 2010 and 2018, lower than most Americans. The administration is pushing to raise taxes on the richest Americans to pay for its ambitious agenda.
https://www.propublica.org › article › how-we-calculated-the-true-tax-rates-of-the-wealthiest
How We Calculated the True Tax Rates of the Wealthiest
The story's main finding was that these 25 people saw their worth rise a collective $401 billion from 2014 to 2018 while paying a total of $13.6 billion in federal income taxes. That amounts to ...
https://www.whitehouse.gov › omb › briefing-room › 2022 › 03 › 28 › presidents-budget-rewards-work-not-wealth-with-new-billionaire-minimum-income-tax
President's Budget Rewards Work, Not Wealth with new Billionaire ...
The Billionaire Minimum Income Tax will ensure that the very wealthiest Americans pay a tax rate of at least 20 percent on their full income, including unrealized appreciation.
Up to you where you chose to work. I would not want to force that on anyone. I also dont want to be forced to join or support an organization against my will or at threat of termination. I don‘t do that to others. If your union delivers value to its members, you shouldnt have to force people to join or pay for representation they do not want or need. They have the same right to work and associate as you.bradman wrote: ↑Tue Nov 05, 2024 1:27 pm I didn't join an elite force only to have to put up with freeloaders. You're either a scab, or you're not. Don't like it, find another school. Plain and simple, We fought and paid for the wages and benefits unions provided. And i'm going to work with a freeloading scab? Ya, fuck that.
I dont disagree. Im not sure that the union being “forced” to provide services is dictated by law or regulation or whether the requirement is agreed to by contract in which case the union should do a better job in contract negotiation so they avoid such an obligation.Glennfs wrote: ↑Wed Nov 06, 2024 8:28 am Right to work laws are nothing more than the right not to be forced to join a union.
However I also believe what needs to be changed is if a worker doesn't belong to the union then the union should not have to do anything for that worker.
According to GoU the union is forced to represent the worker in case of a grievance.
