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Started By
Message
re: Bezos - Hard to fully comprehend
Posted on 11/2/20 at 8:57 am to GoCrazyAuburn
Posted on 11/2/20 at 8:57 am to GoCrazyAuburn
quote:
You mean besides one being something earned and one being unearned?
You don't earn your salary that you pay taxes on? Weird. I feel like I earn mine.
quote:
Or the fact that one is a definitive value and the other is a variable value?
Sure, but that could be solved by setting a valuation date.
quote:
Or that one would lead to government ownership of the company itself?
Maybe, but so what?
1
Posted on 11/2/20 at 9:00 am to The Pirate King
quote:
Because taking someone’s money for no reason other than them having a lot of it is a dangerous and slippery slope and completely flies in the face of the whole “land of the free” thing.
Meh. That shipped sailed a long time ago.
Weird how the "conservative" "land of the free" argument is fine with taking from the middle class, but will adamantly and indignantly draw that line in the sand for billionaires (who just so happen to use their wealth and power to weaken the foundations of the country that those same conservatives claim to love)..
Posted on 11/2/20 at 9:09 am to FinleyStreet
quote:
They don't understand NOLs or stock comp deductions or anything at all related to tax law. They're just assholes parroting shite from a single NYT article they skimmed over while eating cheese toast, shirtless on the couch.
I'll be transparent and say that I really don't and I am parroting what I've seen and read from others. You're right.. except for the NYT and cheese toast and shirtless bit.
That said, you seem to assume that just because it's legal that there are no issues with what's happening. That couldn't be further from the truth to me. In that vein, it's more an issue with our tax law that I have than Amazon itself.
Posted on 11/2/20 at 9:09 am to Mo Jeaux
quote:
You don't earn your salary that you pay taxes on? Weird. I feel like I earn mine.
Yea, that isn't the one I was referring to as being unearned.
quote:
Sure, but that could be solved by setting a valuation date.
So, the government takes ownership of the stock, but it will then forever be the value that it was at the time that it takes ownership. Not sure if serious.
quote:
Or that one would lead to government ownership of the company itself?
quote:
Maybe, but so what?
Posted on 11/2/20 at 9:11 am to Hulkklogan
quote:
That said, you seem to assume that just because it's legal that there are no issues with what's happening. That couldn't be further from the truth to me. In that vein, it's more an issue with our tax law that I have than Amazon itself.
Okay, which legal tax law that Amazon is using do you have a problem with and why?
Posted on 11/2/20 at 9:12 am to GoCrazyAuburn
quote:
Yea, that isn't the one I was referring to as being unearned.
You don't earn stock compensation? I'll be honest, I don't know where you're going with this.
quote:
So, the government takes ownership of the stock, but it will then forever be the value that it was at the time that it takes ownership. Not sure if serious.
I am serious, but that's not what I meant. How would it always be that value.
Not sure what your gif was for.
Posted on 11/2/20 at 9:13 am to GoCrazyAuburn
I'm not a lawyer, I don't know. And acting like I should know specific tax laws as an average American idiot is just asinine. Of course I don't.
Whatever law(s) allow them to get away with an estimated tax rate of ~10%.
Whatever law(s) allow them to get away with an estimated tax rate of ~10%.
Posted on 11/2/20 at 9:15 am to GumplandTiger
Him and Gates gifted Seattle with a great economy, so they embraced insane taxes and ran them to Bellevue.
Posted on 11/2/20 at 9:21 am to Hulkklogan
quote:
I'll be transparent and say that I really don't and I am parroting what I've seen and read from others. You're right.. except for the NYT and cheese toast and shirtless bit.
That said, you seem to assume that just because it's legal that there are no issues with what's happening. That couldn't be further from the truth to me. In that vein, it's more an issue with our tax law that I have than Amazon itself.
So you admit you don't really understand taxes or how they work, but then on the other had you say you have issues with our tax laws. How do you have issues with things you admittedly don't understand? Do you not see how counter productive that is?
Posted on 11/2/20 at 9:23 am to GumplandTiger
quote:He's made over $1 Trillion for other people. 17.9% is a pretty low tip in most restaurants.
Net worth: 179.4 Billion
quote:Why? Have you ever met him? How well do you know him?
Let me clarify, I DO NOT LIKE THIS PRICK AT ALL!
This post was edited on 11/2/20 at 9:27 am
Posted on 11/2/20 at 9:23 am to Mo Jeaux
quote:
You don't earn stock compensation? I'll be honest, I don't know where you're going with this.
Do you know what the difference in realized and unrealized gains are?
quote:You said you would do a stock valuation in response to my point that the value of the stock that was taken by the government will always have a changing value. So again, how is that not completely different than the government taking tax on earnings?
I am serious, but that's not what I meant. How would it always be that value.
quote:
Not sure what your gif was for.
Just a general shocked response to somebody saying who cares to a government mandated control of all publicly traded companies.
Posted on 11/2/20 at 9:24 am to Hulkklogan
quote:
1) Amazon weasels its way out of paying its fair share of federal taxes
It takes a low IQ to make this statement. They pay what they owe. Period.
quote:
while simultaneously getting massive tax breaks from local and state governments for its operations.
Completely unrelated to their federal tax rate. If you have a problem with them providing jobs in your particular state in exchange for deferred taxes, take it up with your state and stop voting for politicians who want to recruit business to your area.
Posted on 11/2/20 at 9:24 am to Mo Jeaux
quote:We aren't. And we don't. The "middle class" doesn't pay isht when it comes to taxes.
Weird how the "conservative" "land of the free" argument is fine with taking from the middle class
Posted on 11/2/20 at 9:26 am to Hulkklogan
quote:
Bezos - Hard to fully comprehend
I'm not a lawyer, I don't know. And acting like I should know specific tax laws as an average American idiot is just asinine. Of course I don't.
You're the one that said you had issues with the tax laws and loopholes they were using. My apologies for assuming you had the intelligence to name at least one that they were using to game the system.
quote:
Whatever law(s) allow them to get away with an estimated tax rate of ~10%.
So, you actually know absolutely nothing about business tax laws at all, but think you know enough to form the opinion that they are doing something nefarious?
Posted on 11/2/20 at 9:28 am to GumplandTiger
Net worth is not the same as liquidity. I'd rather have a billion in cash I could put my hands on immediately than 179 billion in notional stock value.
Of course he probably has plenty of cash too.
Of course he probably has plenty of cash too.
Posted on 11/2/20 at 9:29 am to GumplandTiger
quote:
Net worth: 179.4 Billion
He would have to make no more money and spend $16,372,347 EVERY DAY (even Feb 29) for 30 years!
Posted on 11/2/20 at 9:33 am to GumplandTiger
Put it another way.
Bezos can literally lose 99 percent of his net worth and STILL be a billionaire.
That's what you call comfortably wealthy.
Bezos can literally lose 99 percent of his net worth and STILL be a billionaire.
That's what you call comfortably wealthy.
Posted on 11/2/20 at 9:35 am to GoCrazyAuburn
quote:
You're the one that said you had issues with the tax laws and loopholes they were using. My apologies for assuming you had the intelligence to name at least one that they were using to game the system.
You accuse me of parroting others, I acknowledge that, and then you also simultaneously assume I know anything about business tax laws?
Regardless of my knowledge of business tax laws, I know that a business as large as Amazon paying an effective rate of about ~10% is horseshite. Amazon has a fiduciary duty to pay as little tax as possible, of course, so it's not necessarily that they're doing something nefarious. They're doing what companies do. It's supposed to be up to our government to not give these companies the ability to get out of paying more taxes.
Posted on 11/2/20 at 9:35 am to GumplandTiger
I’ll take a cool half billion if he’s got more than he wants.
Posted on 11/2/20 at 9:35 am to GoCrazyAuburn
quote:
Do you know what the difference in realized and unrealized gains are?
Why yes, yes I do.
quote:
You said you would do a stock valuation in response to my point that the value of the stock that was taken by the government will always have a changing value. So again, how is that not completely different than the government taking tax on earnings?
It's just setting a tax on unrealized gains. So what? You're acting like it's an impossible concept. Hedge fund managers do it.
quote:
Just a general shocked response to somebody saying who cares to a government mandated control of all publicly traded companies.
Good thing I didn't say that. Why the hysterics?
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