Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
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But but you can’t tax the Holy Job Creators! /s
the jobs they create :
“Pack all this shit into a box so fast that you need to piss in a bottle”
So funny!
it’s almost like the rich are the ones actually running the country
Y’all know earnings on corporations are taxed twice, right? Sole proprietorships - taxed once, partnerships - taxed once.
I mean, I’m all for it, fuck corps, they are a funnel for profits at the expense of everything else in society, but let’s put the hate where deserved, like the fact that the government treats them as a fucking (morally bankrupt) limited liability person, rather than just pointing out some voodoo economics financial accounting trick that probably won’t ever change so long as the rules allow them to exist.
They should be taxed twice, and we could surely say they are, but being taxed and actually paying taxes are two very different things in the U.S. tax setup.
No they’re not. Most file as Pass Through Entities.
Oh look, your source backs me up. The majority of corporations file as pass throughs. And that trend has only increased since 2015 when that graph ends .
Read a little more than just looking at a picture. Passthroughs are not corporations…which is what we were talking about.
And just in case you are going to try to attempt a “gotcha” at me about s-corps, 75% of corporations are c-corps…by far the one most people are familiar with (and angry about).
Rules for thee, not for me
And we still have to play the guessing game where we try to estimate the number that the government already knows, but won’t divulge to us, like some sort of fucked up psychological game.
This shit is so fucked. I’m awaiting the collapse.
This is when daddy marx reels you into his pleasure house by telling you about how he predicted all this shit in 1848 and had advocated for the dictatorship by the proletiariat (the working class is in power, no conflictions between power and politics by allowing lobbyism), capitalism has always been doomed and the reagan bullshit about the trinkle down economics has always been known by econimists as nothing more than a self-contradicting distraction whilst we robbed foreign nations to sustain an unsustainable system.
“We have a finite environment - the planet. Anyone who thinks that you can have infinite growth in a finite environment is either a madman or an economist”. ~ Sir David Attenborough
economic growth isn’t necessarily material growth.
there is no material limit on how much code I can write. or the books i can sell digitally.
the economy can grow with less resource use, and really it has compared to history. agriculture is far less resource intensive than it used to be due to improvements and far more economically productive.
that’s what progress is and why productivity continues to skyrocket. we can do way more with far less.
Couldn’t they also be a mathematician? The Pointcarré recurrence theorem is a good example of infinite rate in a fixed dimensional space. Also, that quote really oversimplifies environmental engineering, the ozone layer has been fixed by the kyoto convention because every person with the simplest understanding of the carbon cycle can understand why the earth has been able to sustain ressource consumption for all animals and can still do so for a very long time still, infinitely or not.
Animals don’t grow infinitely. If their population surpasses capacity, they have a mass die-off
I don’t know why you bring in the ozone layer here. That was not a problem that had anything to do with reaource consumption.
IMHO mathematicians go into the madman category.
Obligatory
At times when we cannot understand the causality of a problem, it is better to acknowledge what we know, and more importantly, what we do not know rather than to create narratives from ignorance. I hope that my words will find you in a tone of compassion, not as an attempt to be classist or make you think that your grasp of reality is not valid.
Rest, and relax, math is not the issue here, the problem is ignorance. What you have just posted a tribalistic fallacy believing that things are simple, us vs them and the system being akin to big brother, this is a normal human behavior that some describe as Projective Identification. Nature is more complex than we think and so is a reality in which over 8 000 000 000 exist, and all pitch in to the pool of what the future will always carry back to us. Wether positive or negative.
Ozone was fixed because the cost of shifting to a different gas was economically viable for largely Western countries.
The Montreal protocol was still impressive though as something that many countries could agree on without it becoming political. Ah, simpler times.
Haha, i agree, and thank you for the correction, my memory is not what it used to be, the montreal protocol did fix the ozone layer problem, the kyoto protocol adressed different issues, my error. Hopefully common sense will shift regarding the assumption that nuclear energy is bad, in my view, it is the only way to sustain humankind as we move past the recent start of the fifth industrial revolution. Humanists like Marx, Keynes and Rifkin seem to agree that the hopeful (and paradoxially very unlikely) sixth will be the death of work but I still have to see how things advance before I start believing into it.
China has shown a lot of promise thus far with their carbon reduction and development of small scale nuclear reactors, and hopefully someone will fix the fission theory someday. And concerning the simpler times, things are strange indeed in the future we live.
Like, I get it. Tax the billionaires out of existence, but I am pretty certain the bracket at which you’re paying 25% in taxes is income over 100k.
Nope! 36,000 gross and 27%.
$36000 would owe about $6k in federal taxes, or about 17% total across the brackets. That’s including deductions for social security and all. I know some states have income taxes, but those are state taxes, not US taxes. Do any of those push people into the 27% range at that income level?
Completely unnecessary with the lack of high income taxes or wealth taxes nonetheless.
17% is still 17x more tax burden than Bezos or musk pays.
Well, sort of since they tend to get it down to 0, which is sort of an undefined or infinite amount more any taxpayer pays.
I’m just hoping people aren’t overpaying their taxes by improperly deducting, which someimes seems to be the case with how taxes are referred.
It’s really gross to me how people misrepresent taxes so often.
And especially people who I KNOW aren’t complaining about OASDI and Medicare, other than perhaps they need MORE funding. Yet they include those when they toss out random numbers like “25%”.
The tax rates are defined and published. These aren’t fuzzy numbers we can play with, like survey results or experimental measurements or estimates. It’s literally just math and yet people refuse to do it.
Hell, my in-laws continue to itemize their deductions in amounts less than the standard. They think they’ll get audited of they don’t. I’ll never understand it and I cannot go over it again with them for my own sake.
That’s because Bezos’s net worth is in imaginary money. His actual income from Amazon was only like $80k a year.
Unrealized gains shouldn’t be taxed unless they’re being used as collateral to get real money.
The fact that income is taxed while assets aren’t is the whole point of contention. Working people earn income. Wealthy people own assets. Therefore, working people pay more taxes than wealthy people and that’s not how a free and fair society is supposed to operate.
The problem is that assets have no tangible value until they’re actually sold, unless you’re going to tax the price it was purchased at every year. But that’s an issue because people like Bezos likely didn’t buy theirs. I guess you could use the price at market close on the day it was issued
The point of contention comes from not understanding that net worth using unrealized gains is always an estimate.
Bezos doesn’t have $240 billion. He has stuff that people think is worth $240 billion. The actual value is imaginary until you find someone willing to pay for it.
Which leads to another issue people don’t understand. If Bezos tried to liquidate $240b in stocks, he wouldn’t get anywhere near that. Bulk sales like that drop stock prices. Him doing it would probably tank the company.
The best way to try to assign a dollar amount to that imaginary money outside of a sale is when they use it as collateral to get real money.
unless you’re going to tax the price it was purchased at every year.
You mean like how land is taxed?
How about a wealth tax on this imaginary money?
What amount will be taxed? The assets change value every second the market is open. If you have a hard capture date, then the wealthy will tank their stocks right before.
The best way to tax it is to treat the use of the asset as collateral as a realized gain and tax it as such.
Dude, I’m on 80k a year. Pretty sure I couldn’t afford a gazillion-dollar wedding in Venice
That would be the “unless it’s used as collateral to get real money.” part
And? My point is the real money he got from Amazon that can actually be taxed is not the same as his estimated net worth.
Bezos doesn’t have a checking account with billions sitting in it. His wealth is in the unrealized gains on non-liquid assets. It’s imaginary money until it’s used as collateral for loans, at which point it should be taxed as a realized gain.
Don‘t elect pro capital governments, then.
Which one of the 2 parties is that?
Yeah it’s called capitalism not poorism.
Income is the worst way to make money.
Which is why these rich clowns don’t make (relatively) much money. All of it is capital gains and loans. Taxed far less and not at all, especially when it’s routed through all sorts of expenses and shell companies.
Well how else are they going to subsidize the losses of the rich if not with your dollars?
I don’t understand the humour in this
just fucking stop. everyone, all of you, together. just stop.
How do I stop paying taxes? They are automatically deducted from my paychecks before I see any money myself. Also stores will refuse to sell to me if I don’t pay sales tax.
Isn’t there something with exemptions you can do so you don’t send them money ahead of time?
And yeah, only income tax do you have any control over.
Yes, v you can adjust your w4 withholding deductions with your employer. But there’s a penalty for underpaying to specifically prevent you from doing this. And unlike for rich people, w2 worker audits can be done basically automatically without any human input because it’s super easy to calculate, as your employer tells the IRS how much you earned that year
So you have an option.
None of this is ever going to be easy.
If you don’t pay what you owe, they garnish your wages and make you pay even more! Woo, you beat fascism.
you ppl will never be free.
Yes, you have the option of going to prison for tax evasion.
you ppl will never be free.
You’re starting to get into trolling behavior. This is a warning.
Assuming you’re on a W2, add deductions until your tax per paycheck is 0. You’ll get a bill for the full amount next time you file. You’re free to not pay it, get charged huge fines, and possibly end up in federal prison like Nico198x apparently wants you to.
They can also just empty your bank account, and then possibly send you to federal prison. No big deal
We can’t. Taxes are deducted automatically by employers. Tax season is really just “donation season” for the tax preparation industry
Isn’t there something with exemptions you can do to you don’t send them money ahead of time?
Yes there is. You can claim however many you need to make sure nothing is automatically removed. Most people can’t budget though so it’s a bad idea in general when they get that huge bill once a year.
However talking about not paying anymore? Yep, go for it. I’m tempted to just pay my local and property taxes and say fuck federal taxes until shit improves.
you get it. try to talk with others. most Americans i encounter are hopelessly defeated.
Not unless you had a $0 tax liability the previous year.
you ppl will never be free.
Is it imperative you’re miserable and barely scraping by. Top 1 priority. Actually, it’s in your best interest, but you just don’t realize it!
