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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 12:38 pm to Slagathor
Posted on 6/9/21 at 12:38 pm to Slagathor
quote:
I'm not saying those resources got them their empires, I'm saying that they should continue to contribute to them (as we do)
But they do.
There are a lot of billionaires that I don't know what they do or contribute so I can't speak for all them. Most live in Cali and NY too, so cough cough dems.
But Bezos, since we all know what he does. Donated 100 million to feeding America during this pandemic,which runs 200 food banks in the US.
Id rather that 100 mil go to those food banks than the hands of our federal government to waste it.
Some might think differently. And that's fine.
3
Posted on 6/9/21 at 12:39 pm to Centinel
quote:
In fact more taxes each year than you and I will ever make in a lifetime.
Speaking in absolute dollars to bolster your arguement is retarded
Posted on 6/9/21 at 12:40 pm to dgnx6
quote:
Id rather that 100 mil go to those food banks than the hands of our federal government to waste it.
I think a lot of people would agree with you, but that doesnt change the fact that you have to pay income tax and billionaires have the opportunity to pay less relatively.
Posted on 6/9/21 at 12:41 pm to mmmmmbeeer
quote:
Why do you and Shrub white knight for people who truly couldn't give less of a shite about you, your family, or any of your relatives and friends? You're nothing but pawns and numbers to them yet you and Rog just love crawling up their asses on TD to defend them.
I'm kind of embarrassed for you guys. Pretty damn cuck-y.
quote:
he Bidens earned a $16.7 million income between 2017 and 2019 from book royalties and paid speaking engagements, according to financial disclosures reported on by Forbes.
But yet you voted for this.
Posted on 6/9/21 at 12:42 pm to dgnx6
quote:
Donated 100 million to feeding America during this pandemic,which runs 200 food banks in the US.
Call it jealousy or outright ignorance, but I'd be more inclined to believe this donation is part of his tax write-off (as opposed to his good heart). I also wonder how many of his employees rely on that or similar programs to supplement feeding their families.
This post was edited on 6/9/21 at 12:44 pm
Posted on 6/9/21 at 12:42 pm to Centinel
Top 50% earners pay 97% of income tax. Top 1%, 30%
No one group is undertaxed, some individuals may be (subjective but due to fricked up tax code)
People looking at an individual to make tax policy is like a climatologist looking at one days weather to determine a climate classification.
No one group is undertaxed, some individuals may be (subjective but due to fricked up tax code)
People looking at an individual to make tax policy is like a climatologist looking at one days weather to determine a climate classification.
This post was edited on 6/9/21 at 12:45 pm
Posted on 6/9/21 at 12:43 pm to Mingo Was His NameO
quote:
think a lot of people would agree with you, but that doesnt change the fact that you have to pay income tax and billionaires have the opportunity to pay less relatively
While this is true. I also don't have kids. So someone with my same salary would pay less taxes than I do with child credits.
So we aren't even on equal footing there.
Posted on 6/9/21 at 12:43 pm to Mingo Was His NameO
quote:
Speaking in absolute dollars to bolster your arguement is retarded
We get it. You don't think it's fair for the rich to be rich. Your jealousy is noted.
That doesn't change the fact on how much taxes the rich actually pay.
Posted on 6/9/21 at 12:44 pm to dgnx6
quote:
But yet you voted for this.
I should've been so upset that a former VP made almost $17M on a book deal and speaking fees that I should have...
checks notes....
voted for a billionaire?
Posted on 6/9/21 at 12:45 pm to Centinel
quote:
We get it. You don't think it's fair for the rich to be rich. Your jealousy is noted.
Wrong, I think we should fix the tax system that puts too much of the burden on the $250-$1 million dollar earners.
Posted on 6/9/21 at 12:45 pm to Slagathor
quote:
Call it jealousy or outright ignorance, but I'd be more inclined to believe this donation is part of his tax write-off. I also wonder how many of his employees rely on that or similar programs to supplement feeding their families
Oh I'm not saying he did this out of him being mother Theresa. But if he avoided paying taxes by doing a decent thing. I'm okay with it.
I also get we probably shouldn't have to dangle tax breaks in front of people to do the rt thing.
quote:
In the U.S., where Amazon's new $15-an-hour minimum wage took effect Nov. 1, the median was $35,096—a new metric reported for 2019. The company said the new wage floor would benefit more than 250,000 Amazon full- and part-time employees and more than 100,000 seasonal workers.
The filing notes that Amazon also provides medical benefits starting the first day on the job, retirement contributions, parental leave for mothers and fathers and career-development programs—benefits that are not included in total compensation calculations.
That's actually not terrible, more than my first full time job.
This post was edited on 6/9/21 at 12:52 pm
Posted on 6/9/21 at 12:45 pm to mmmmmbeeer
quote:
voted for a billionaire?
Whats wrong with this?
Posted on 6/9/21 at 12:47 pm to mmmmmbeeer
quote:
should've been so upset that a former VP made almost $17M on a book deal and speaking fees that I should have...
checks notes....
voted for a billionaire?
So what is the cap one should earn that you deem them a good person and not part of the 1% you are claiming to hate?
Or did you buy into the middle class Joe bullshite?
Posted on 6/9/21 at 12:48 pm to dgnx6
quote:
Oh I'm not saying he did this out of him being mother Theresa. But if he avoided paying taxes by doing a decent thing. I'm okay with it.
I also get we probably shouldn't have to dangle tax breaks in front of people to do the rt thing.
this seems intentionally cyclical and that cycle is what I'd like to see changed (if that's even possible at this point)
Posted on 6/9/21 at 12:48 pm to RogerTheShrubber
quote:
Top 50% earners pay 97% of income tax. Top 1%, 30%
That's income tax though.
quote:
No one group is undertaxed
They may very be though.
Posted on 6/9/21 at 12:49 pm to Mingo Was His NameO
The difference is income versus wealth generated….I understand you do not want to tax on appreciation of wealth (ie stocks) until you convert into individual dollars…
I play the game also….what I do not understand is these guys have a small salary (income ) but great wealth…and somehow they converted that wealth into money they can spend on their lifestyle…didn’t bezo just buy a super boat? … so somehow they are converting wealth into disposable money spent on their enjoyment… even if he just paid the capital gains on converting a billion dollars to money it should have showed up as big taxes…
Can not hate the person…but fix the issue….I am guessing his wealth is converted to money in some other country????
I play the game also….what I do not understand is these guys have a small salary (income ) but great wealth…and somehow they converted that wealth into money they can spend on their lifestyle…didn’t bezo just buy a super boat? … so somehow they are converting wealth into disposable money spent on their enjoyment… even if he just paid the capital gains on converting a billion dollars to money it should have showed up as big taxes…
Can not hate the person…but fix the issue….I am guessing his wealth is converted to money in some other country????
Posted on 6/9/21 at 12:49 pm to Centinel
quote:
How am I white knighting by explaining that the rich do actual pay taxes, and that this article is created in such a way as to make it appear that they don't?
Now you can argue about how much they pay or should pay, but the objective truth is that they do in fact pay taxes. In fact more taxes each year than you and I will ever make in a lifetime.
There's more than this article. The regressive nature of our tax code has all been extensively documented. 10% of income paid in taxes is less than 17% paid in taxes. Dollar amounts mean absolutely nothing. The person paying the 7% higher marginal rate is more greatly impacted by taxation than the other person. This is about as debatable as 2+2 equaling 4.
You keep falling back on dollar amounts, as if they mean anything in the context of this conversation. They don't.
Posted on 6/9/21 at 12:50 pm to mmmmmbeeer
quote:
Why do you and Shrub white knight for people who truly couldn't give less of a shite about you, your family, or any of your relatives and friends? You're nothing but pawns and numbers to them yet you and Rog just love crawling up their asses on TD to defend them.
I'm kind of embarrassed for you guys. Pretty damn cuck-y.
This is you desperately seeking affirmation of your terrible takes and lack of understanding of how taxes work. Basically begging people to accept your terrible opinions because you personally feel harmed by other people's money and success. Lashing out like a confused child.
Posted on 6/9/21 at 12:51 pm to Thecoz
quote:
.I am guessing his wealth is converted to money in some other country????
Buy on credit, smooth income over multiple years to minimize tax liability
Posted on 6/9/21 at 12:51 pm to Centinel
quote:
You don't think it's fair for the rich to be rich. Your jealousy is noted.
This is all you have I guess.
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