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re: IRS Billionaire leak: Bezos paid $0 in income tax, got a $4k tax credit for his two kids

Posted on 6/9/21 at 3:32 pm to
Posted by Grassy1
Member since Oct 2009
6422 posts
Posted on 6/9/21 at 3:32 pm to
Who wrote these tax laws?

Oh yea, the same folks we all elected.

Rich folks. Red and Blue.
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
31575 posts
Posted on 6/9/21 at 3:44 pm to
quote:

Medical bills are the number 1 reason for people filing bankruptcy.


It’s almost like being forced to dump trillions of our dollars into the healthcare industry by the federal government has caused inflation in that one sector well beyond what the market would dictate.

It’s also almost as if Democrats and progressives don’t have the foggiest notion about the very basics of how an economy and market forces work.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/9/21 at 3:45 pm to
quote:

It’s almost like being forced to dump trillions of our dollars into the healthcare industry by the federal government has caused inflation in that one sector well beyond what the market would dictate.

It’s also almost as if Democrats and progressives don’t have the foggiest notion about the very basics of how an economy and market forces work.



You're right, Republicans haven't been doing the same exact thing.

Neither party is above fault in this shite show

Neither give a shite about anything except getting votes in the next election and that's not going to change as long as career cronies like McConnell and Pelosi get voted out of office.
This post was edited on 6/9/21 at 3:47 pm
Posted by IceTiger
Really hot place
Member since Oct 2007
26584 posts
Posted on 6/9/21 at 4:24 pm to
quote:


No, you aren't the only idiot


Derp derp derp... unbelievably there's a better way dipshit
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
266065 posts
Posted on 6/9/21 at 4:28 pm to
quote:

charities like "feeding America" shouldn't exist.


Correct, by this time in society, where even our poor wouldn't be poor in many countries, people should be able to feed themselves. There's no excuse for it.
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
31575 posts
Posted on 6/9/21 at 4:30 pm to
quote:

You're right, Republicans haven't been doing the same exact thing.


Agreed. Gee Dub foisted the unconstitutional Prescription Drug Benefit on us. RINOs are worse than Democrats. At least Democrats are up front about their totalitarian ways.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
72009 posts
Posted on 6/9/21 at 4:30 pm to
Bag of rice and chicken aint a whole lot.

Easily affordable with any of these job openings.

And with some of those jobs your tax liability will be zero. Outside of SS. But most likely end up gaining money because of extended tax credits and the stimulus payments.


So get your lazy asses to work.

This post was edited on 6/9/21 at 4:37 pm
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
11403 posts
Posted on 6/9/21 at 4:55 pm to
The Atlantic, that supposed socialist rag, had a very long and good article about the top 10% of American earners and wealth holders. That is, the mostly white and urban/suburban liberal class. That’s the group that has really gentrified hoods, private schooled and tax attorney’d their way very far from the middle class.
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 6/9/21 at 6:08 pm to
quote:



If Trump's was leaked, amazed it wasn't


There is one reason, and one reason only that Trump’s tax returns have not been leaked.

Because they are actually pretty clean.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
122584 posts
Posted on 6/9/21 at 6:41 pm to
quote:

It’s also almost as if Democrats and progressives don’t have the foggiest notion about the very basics of how an economy and market forces work.


They don't. They are weak minded and have mental illness.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/9/21 at 6:49 pm to
quote:

They don't. They are weak minded and have mental illness.




Well neither do you, to be fair
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
11089 posts
Posted on 6/9/21 at 6:50 pm to
quote:

paying their fair share


Most annoying phrase in the world to me.

10% pay over 90% of taxes paid but those who effectively pay nothing, or pay nothing and get a credit anyway, complain about fair share. SMH.
Posted by Hussss
Living the Dream
Member since Oct 2016
6864 posts
Posted on 6/9/21 at 7:32 pm to
Is it just me or are most “news” articles gaslighting us the last year or so?
Posted by farad
Member since Dec 2013
10431 posts
Posted on 6/9/21 at 7:48 pm to
quote:

Bezos paid $0 in income tax, got a $4k tax credit for his two kids



not that I care but you give the whole story...

quote:

Jeff Bezos topped the list by donating $10 billion to launch the Bezos Earth Fund. Bezos, who last week announced he was stepping down as Amazon CEO to devote more time to philanthropy and other projects, also contributed $100 million to Feeding America, the organization that supplies more than 200 food banks.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
10468 posts
Posted on 6/9/21 at 8:48 pm to
quote:

The definition of a progressive tax system is that the wealthiest pay the majority of the taxes.

You may not like how much they pay relative to their wealth, but that is irrelevant when it comes to what is or is not a progressive tax system.

What? That’s not at all how a progressive tax system is defined.

Let’s imagine a flat tax of 25% across all income brackets. Under this system, the top 50% would pay a larger share of total taxes than the bottom 50% - because there are the same number of taxpayers in both groups, but the top 50% have more income. Under your definition, this would be a “progressive” tax system. Except that’s impossible, because a flat percentage tax is NOT a progressive tax, by definition.

A progressive tax system means that the higher earners have a larger tax burden relative to their income. You can argue about whether or not our system is regressive, but it’s absolutely ridiculous to say “how much they pay relative to their wealth” is “irrelevant when it comes to what is or is not a progressive tax system.” (There’s a separate discussion to be had about wealth vs. income, but it’s pretty clear that is not the argument you were making.)
Posted by Hopeful Doc
Member since Sep 2010
15178 posts
Posted on 6/9/21 at 9:00 pm to
quote:

Bezos paid $0 in income tax



What was the total tax burden of all the corporations he owns?
Posted by MSUDawg98
Ravens Flock
Member since Jan 2018
10723 posts
Posted on 6/9/21 at 10:24 pm to
quote:

People aren't going to read this and see their little graphic and not come to complete conclusions on how it works.
Exactly. People really seem to struggle with the idea of "worth" vs "rich". I stumbled onto a documentary about Elon Musk and the guy is worth a lot but is relatively cash poor. He'll, I think he's a fricking douchebag but Bezos took one hell of a hit with his divorce. That's some insanely expensive young pussy.

This may be an unpopular opinion but taxing income and not worth rewards innovation/inventors vs those who inherit money/play the stock market game. If you want to see how people way back in the early 80s played the tax game take a look at how George Halas set up a ton of entities on the East Coast. He protected his daughter and her family of low rent bastards against the death tax. They'd have to sell the team just to pay on the capital gains ($100 franchise fee then => Billions now) if he hadn't paid some expensive wealth management consultants.
Posted by Drizzt
Cimmeria
Member since Aug 2013
13439 posts
Posted on 6/9/21 at 10:43 pm to
You still choking on dicks Willie?
Posted by Spankum
Miss-sippi
Member since Jan 2007
56724 posts
Posted on 6/9/21 at 10:48 pm to
How many posters on the board were just outraged at the fact this liberal billionaire paid no taxes…..until they realized trump did the same thing!
Posted by meansonny
ATL
Member since Sep 2012
26000 posts
Posted on 6/9/21 at 11:09 pm to
quote:

Capitalism at it's extreme which is where we have been heading the last 40 years means 100 people own all the resources. Before long you may have to pay them to breathe.


Ummm, global poverty has transformed the past 40 years. Quality of living is rising everywhere (america has the richest and most spoiled "below the poverty line" around).

You god damn ingrate.
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