The scam of the billionaires

[HomerJS]

Clearly explained by Trevor Noah. Also when those gains are realized they are taxed at the capital gains rate currently 0-15%

Here a fix to make billionaires pay their fair share. Pass a law any compensation by a company can only pay a max of 20% in stock. The rest must be salary. This way they pay close to the same rate as working stiffs.

 

[Ken g6]

I think the simplest way is to make asset-backed loans be considered income.

There should probably be some exceptions. Like excluding mortgages on the primary residence, plus maybe $100k/year for car loans, etc. And paying back the principal of an asset-backed loan that was taxed should be a tax deduction.

 

[cytg111]

Its not about a fair share anymore is it? If 2024/2025 has taught us anything then its the fact that billionaires like Elon Musk is a fucking US NATIONAL SECURITY threat. Straight up threat to the very institution.

 

[cytg111]

Anyone individual should only have access to that much cash and companies cannot throw money at politics. Only solution.

 

[repoman0]

Clearly explained by Trevor Noah. Also when those gains are realized they are taxed at the capital gains rate currently 0-15%

Here a fix to make billionaires pay their fair share. Pass a law any compensation by a company can only pay a max of 20% in stock. The rest must be salary. This way they pay close to the same rate as working stiffs.

Nope. You know that stock compensation is taxed as regular income right? More than half of my wife’s comp is in stock and we pay regular income rates on it. Then when we sell and if it’s a gain, which is not guaranteed, we are taxed at 20% for long term plus 3.8% for Obamacare.

The reason billionaires don’t pay taxes is because they realize the benefits of their equity via low interest loans with stock as collateral. Start by making that a taxable event.

 

[Brainonska511]

Nope. You know that stock compensation is taxed as regular income right? More than half of my wife’s comp is in stock and we pay regular income rates on it. Then when we sell and if it’s a gain, which is not guaranteed, we are taxed at 20% for long term plus 3.8% for Obamacare.

The reason billionaires don’t pay taxes is because they realize the benefits of their equity via low interest loans with stock as collateral. Start by making that a taxable event.

Some of them also just cheat on their taxes ala Dr Oz not paying lots and lots of Medicare taxes.

 

[nakedfrog]

Its not about a fair share anymore is it? If 2024/2025 has taught us anything then its the fact that billionaires like Elon Musk is a fucking US NATIONAL SECURITY threat. Straight up threat to the very institution.

Global security threat, TBH

 

[HomerJS]

Nope. You know that stock compensation is taxed as regular income right? More than half of my wife’s comp is in stock and we pay regular income rates on it. Then when we sell and if it’s a gain, which is not guaranteed, we are taxed at 20% for long term plus 3.8% for Obamacare.

The reason billionaires don’t pay taxes is because they realize the benefits of their equity via low interest loans with stock as collateral. Start by making that a taxable event.

Thanks for the info.

 

[MrSquished]

Bernie was right, billionaires should not exist. I used to think that was a bit too radical of a premise, but no more.

 

[cytg111]

Global security threat, TBH

True, that sentence didnt feel 100% when I wrote it either. Global security threat.

 

[cytg111]

Bernie was right, billionaires should not exist. I used to think that was a bit too radical of a premise, but no more.

When singular individuals become more powerful than the institution that bread them ... Thats a motherfucking problem.

 

[SteveGrabowski]

Bernie was right, billionaires should not exist. I used to think that was a bit too radical of a premise, but no more.

Most people don't really understand how ridiculous a billion dollars is. I'd venture almost all of us would be thrilled to get a wage of $5000 a day, think of what we could do with that. New house, new car, hookers and cocaine every day. If we worked that same job since the day Columbus landed on Hispanola without a single day off we still wouldn't have earned $1 billion. Eat the rich.

 

[brycejones]

Nope. You know that stock compensation is taxed as regular income right? More than half of my wife’s comp is in stock and we pay regular income rates on it. Then when we sell and if it’s a gain, which is not guaranteed, we are taxed at 20% for long term plus 3.8% for Obamacare.

The reason billionaires don’t pay taxes is because they realize the benefits of their equity via low interest loans with stock as collateral. Start by making that a taxable event.

Is wife receiving shares or options? I am 90% confident options are not taxed. In Elon’s case having options for millions of shares of stock that are in the money can be used as an asset to borrow against. So totally tax free access to obscene amounts of cash.

 

[dainthomas]

When singular individuals become more powerful than the institution that bread them ... Thats a motherfucking problem.

I wish someone would bread me.

 

[nakedfrog]

I wish someone would bread me.

You want to be in bread? 😯

 

[BoomerD]

You want to be in bread? 😯

He's just loafing around. Stop trying to butter him up.

 

[feralkid]

It's getting a bit crusty in here.

 

[soulcougher73]

This thread is too toasty for me. I'm out.

 

[Fenixgoon]

Stale topic 😛

 

[nakedfrog]

I was just trying to get a rise out of you, figured it was the yeast I could do. I'm leaven now.

 

[lamedude]

Buy borrow die doesn't work when stonks don't go up so Trump may have put end to it.

 

[iRONic]

The crux of the biscuit: he's a fucking moron!

/thread

 

[cytg111]

I saw a clip which referenced AIPAC so I thought I'd go ahead and dig around... Its bad yo.
That is WILD.