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re: Boom. Manchin already comes out against Biden tax on unrealized gains. It’s dead

Posted on 3/29/22 at 7:53 am to
Posted by Diamondawg
Mississippi
Member since Oct 2006
37104 posts
Posted on 3/29/22 at 7:53 am to
quote:

That was one of the reasons Musk cashing out of billions in Tesla stock this past year was so extraordinary. In cashing out rather than lending himself the money, he deliberately incurred billions in tax liability that he needn't otherwise have ever paid.

I kind of remember something about that. Any idea as to the motive; as in was he just being charitable? Surely it wasn't a mistake. He's way too bright for that.
Posted by Taxing Authority
Houston
Member since Feb 2010
62567 posts
Posted on 3/29/22 at 8:25 am to
quote:

You can’t be taxed “on things you don’t have,” he said.
sad thst has to be explained.
Posted by NK521
Member since Aug 2021
106 posts
Posted on 3/29/22 at 9:53 am to
Ha! Ha! Ha! Nice.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135587 posts
Posted on 3/29/22 at 10:09 am to
quote:

Surely it wasn't a mistake.
Oh no. Not in the least.

The twitter AOC's were bitching about Billionaires and "Fair Share" last Fall. Musk said "I'm game". He warned about the effect of cashing out on Tesla shares on the average shareholder, then did some sort of twitter poll, and afterwards dumped about $10 Billion in TSLA shares thorough out November. TSLA dropped over 10% in response.

Musk is quite a character.
Posted by Diamondawg
Mississippi
Member since Oct 2006
37104 posts
Posted on 3/29/22 at 10:35 am to
quote:

Musk is quite a character.
He is that for sure.
Posted by alphaandomega
Tuscaloosa-Here to Serve
Member since Aug 2012
16675 posts
Posted on 3/29/22 at 12:14 pm to
quote:

quote:
You can’t be taxed “on things you don’t have,” he said.



Democrats believe you can be a woman when you dont have a vagina. Actually some women have penises.
Posted by tjv305
Member since May 2015
12828 posts
Posted on 3/29/22 at 1:08 pm to
Manchin is the king at playing politics. He votes with democrats 99 % of the time when it matters but publicly comes out against the things that would never pass any way.
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