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Message
re: Bezos - Hard to fully comprehend
Posted on 11/2/20 at 9:36 am to Taxing Authority
Posted on 11/2/20 at 9:36 am to Taxing Authority
quote:
The "middle class" doesn't pay isht when it comes to taxes.
1
Posted on 11/2/20 at 9:43 am to Mo Jeaux
quote:
Why yes, yes I do.
So then why are you still confused as to what point i'm making about why the government taking stock shares away from someone is vastly different than an income tax?
quote:
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.
Again, you don't see how taxing unrealized gains is vastly different than income tax? You serious, Clark?
quote:
Good thing I didn't say that. Why the hysterics?
Um, you directly responded to the post asking about stock confiscation, so...
quote:
Government confiscation of company stock?
quote:
I'm not advocating for that solution per se, but how is it so different than confiscation of money via taxes?
So again, responding with a "so what" to the idea of government mandating a % of ownership of control of all publicly traded companies is a fairly ludicrous and horrifying thing to not see an issue with.
Posted on 11/2/20 at 9:45 am to fightin tigers
quote:
quote:
Net worth: 179.4 Billion
He would have to make no more money and spend $16,372,347 EVERY DAY (even Feb 29)!
Is this one of those math problems that is missing some crucial data?
Business days or Calendar days because this makes a difference.
Posted on 11/2/20 at 9:45 am to Hulkklogan
quote:
You accuse me of parroting others, I acknowledge that, and then you also simultaneously assume I know anything about business tax laws?
You're right, how silly of me to assume a person to have done any research whatsoever before forming a pretty trenched in opinion.
quote:
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.
Why is it horse shite? What rate should they be paying?
quote:
It's supposed to be up to our government to not give these companies the ability to get out of paying more taxes.
That isn't the role of our government at all.
This post was edited on 11/2/20 at 9:49 am
Posted on 11/2/20 at 9:46 am to GoCrazyAuburn
quote:
So then why are you still confused as to what point i'm making about why the government taking stock shares away from someone is vastly different than an income tax?
I don't understand why you're getting hung up on it.
quote:
Again, you don't see how taxing unrealized gains is vastly different than income tax? You serious, Clark?
Again, I understand that you're hung up on that distinction. That's a you problem, not a me problem. You seem to think that it makes it impossible to tax corporate shares. I do not.
quote:
Um, you directly responded to the post asking about stock confiscation, so...
So?
quote:
So again, responding with a "so what" to the idea of government mandating a % of ownership of control of all publicly traded companies is a fairly ludicrous and horrifying thing to not see an issue with.
Are you a woman? You're so emotional over this. It's weird.
Posted on 11/2/20 at 9:48 am to Mo Jeaux
quote:
Again, I understand that you're hung up on that distinction. That's a you problem, not a me problem. You seem to think that it makes it impossible to tax corporate shares. I do not.
The distinction is the answer to the question you asked. If you didn't want your question to be answered, just don't ask it.
There is also a very big difference in taxing corporate shares and stock confiscation, which was the original post your question stemmed from.
This post was edited on 11/2/20 at 9:51 am
Posted on 11/2/20 at 9:52 am to Evolved Simian
love the "they don't pay their fair share" types. Go to an area that is void of great jobs and see how that works for an individual. It isn't any one individual's responsibility to support social programs. Posted on 11/2/20 at 9:53 am to GoCrazyAuburn
quote:
The distinction is the answer to the question you asked. If you didn't want your question to be answered, just don't ask it.
Are you autistic? My question "but how is it so different than confiscation of money via taxes?" was clearly rhetorical, and wasn't even directed at you. It was asked of a poster who implied that it would be impossible to "tax" corporate shares. My point is that it wouldn't be.
I get that you think you're the smartest person in the room, and maybe you are, I don't know, but setting up some idiotic straw man type of argument with me over the difference between realized and unrealized gains (particularly considering the industry I'm in) in order to prove it is trite and tiresome.
Posted on 11/2/20 at 9:56 am to AUCE05
quote:
It isn't any one individual's responsibility to support social programs.
You Muh GDP people are soulless.
Posted on 11/2/20 at 9:58 am to Mo Jeaux
I'm sorry answering your question upset you so much. As you said earlier, that's a you problem, not a me problem.
It's not really a strawman when it is a pretty critical difference in how taxing income is different than taxing unrealized stock valuation.
quote:
setting up some idiotic straw man type of argument with me over the difference between realized and unrealized gains (particularly considering the industry I'm in) in order to prove it is trite and tiresome.
It's not really a strawman when it is a pretty critical difference in how taxing income is different than taxing unrealized stock valuation.
Posted on 11/2/20 at 10:02 am to Mo Jeaux
Soulless is not donating to social issues, which liberals do not. Red states outpace donations and it is not even close. If you want to help people, put YOUR money where your ideas claim to be.
Posted on 11/2/20 at 10:10 am to Mo Jeaux
quote:Expected.
Posted on 11/2/20 at 10:12 am to Mo Jeaux
quote:People that want to legislate morality are dangerous.
You Muh GDP people are soulless.
Posted on 11/2/20 at 10:19 am to Koach K
quote:
How many tupperware bins of rubber dog shite that breaks after minimal use can people stuff into their 3/2 garages? This country needs to return to quality goods. Less is in fact more especially if the products actually work.
This has little to do with Amazon although Amazon gives easy access to crappy good but they also give access to quality goods.
For example, if you want handheld power tools you can buy the Chinese tools with the weird names or you can order Festool or Hilti from Amazon. If you want pliers you can get the 10 pair for $10 type deal or you can order Knipex or NWS again from Amazon.
The reality is many if not most Americans are cheap which is why Harbor Freight makes so much money. There is almost no goods that you can't find high-quality versions of but again people are cheap.
Posted on 11/2/20 at 11:16 am to Taxing Authority
quote:
People that want to legislate morality are dangerous.
Better to reign in hell than serve in heaven, huh?
Posted on 11/2/20 at 11:31 am to Mo Jeaux
quote:You're projecting a strawman.
Better to reign in hell than serve in heaven, huh?
This post was edited on 11/2/20 at 11:32 am
Posted on 11/2/20 at 11:33 am to Taxing Authority
quote:
You're projecting a strawman.
Coming from the guy with the legislate morality comment.
Posted on 11/2/20 at 11:50 am to Mo Jeaux
quote:
t's just setting a tax on unrealized gains. So what? You're acting like it's an impossible concept.
It's not an impossible concept, but it is an illogical one. Taxation is roughly set up to reflect your cash earnings instead of accrued earnings. If I'm understanding you correctly then it sounds like you are essentially suggesting a tax to be levied on cash that a company hasn't received.
It's the same with personal income tax - you are taxed on the money you actually received during the year. If you are promised a bonus for work completed in 2020 but don't receive that bonus until 2021, it wouldn't make economic sense for the IRS to levy taxes on that bonus in 2020. Instead, you will foot the tax bill for that bonus in 2021.
Posted on 11/2/20 at 11:59 am to Mo Jeaux
Advocating for the government to be able to confiscate stock from an individual might be the dumbest thing I’ve ever heard. It’s almost like you’re looking at and thinking “he holds this much stock worth this much and nobody should have that much so the government should take it” and completely ignoring the fact that stock represents ownership in a company and confiscation of stock would give the government an stake in the company.
You think Bezos has to much net worth and think the government should do something about it so you suggest that they should confiscate stock?
You realize at that point it’s in the governments best interest to do everything they can to help Bezos and Amazon grow even more now that they’re a shareholder and the more Amazons stock goes up the more the stock they confiscated goes up.
You think Bezos has to much net worth and think the government should do something about it so you suggest that they should confiscate stock?
You realize at that point it’s in the governments best interest to do everything they can to help Bezos and Amazon grow even more now that they’re a shareholder and the more Amazons stock goes up the more the stock they confiscated goes up.
Posted on 11/2/20 at 12:00 pm to Obtuse1
quote:
This has little to do with Amazon although Amazon gives easy access to crappy good but they also give access to quality goods.
I think this Amazon economy is better than the Walmart economy that shut down mom and pops through the pre-amazon years. The way I see it is Amazon gives smaller businesses and those with new niche products a chance to sell their products. There are many products I can find on Amazon that I would never find in a brick and mortar retail store and for that reason alone I like Amazon.
Bezos makes a lot of money but what he is doing is nothing more than providing a portal for people to market and sell their products. He combined walmart and ebay.
Bezos will dominate until someone else comes in with something similar or better. It never goes on forever and eventually, even with his value today, he will likely become over leveraged and soem event will cause a collapse for him. If China craters Bezos will crater.
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