Taxes and the Mega-Wealthy

#151
#151
McDad said:
@n_huffhines
while mowing the grass, I think I understand your original post more clearly now. We were using different definitions of the word, "realized".


I was using as:
- make (money or a profit) from a transaction.
"she realized a profit of $100,000"
You were using as:
give actual or physical form to.
"the stage designs have been beautifully realized"

Jeff Bezos didn't make a profit from unsold assets. Those were unrealized. But he does realize...have actual or physical form...to his lifestyle from his wealth.

At any rate, you didn't communicate as gooder as you done when at your bestest.
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I think Huff lives in AZ so he can't relate to this thing we call "grass". I also mowed my grass today, I use it as a brain cleanse where I just numbly ride around and steer.
 
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#152
#152
n_huffhines said:
Just because everybody has the same legal opportunity doesn't make it fair.

Don't you agree a flat tax rate would be more fair than our current system?
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Forget the fair tax argument, how is it not fair for everyone to have the same legal opportunities?
 
#153
#153
VolStrom said:
I think Huff lives in AZ so he can't relate to this thing we call "grass". I also mowed my grass today, I use it as a brain cleanse where I just numbly ride around and steer.
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I had to bust a move to get it cut between showers. I do not like sliding around on wet grass with the zero turn.
 
#155
#155
@Tyler Durden you asked about average joe making up the money billionaires don't pay in taxes.

Let me pose this: @volinbham's university has an operating budget of, say, 50M per year. All student's not on university scholarship pay for their costs in some way. Should students be means tested so that students coming from wealthier families pay more in tuition, fees, room, food, etc than the average income students?
 
#156
#156
LouderVol said:
Forget the fair tax argument, how is it not fair for everyone to have the same legal opportunities?
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It is fair to have the same legal opportunities but it doesn’t make everything about the system fair. The system can still deliver unfair results.

If you allowed people to write off 10 Lamborghinis, it would be fair in terms of legal opportunity but for practical purposes, this is only for the rich and doesn't create real life tax fairness.
 
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#157
#157
McDad said:
@Tyler Durden you asked about average joe making up the money billionaires don't pay in taxes.

Let me pose this: @volinbham's university has an operating budget of, say, 50M per year. All student's not on university scholarship pay for their costs in some way. Should students be means tested so that students coming from wealthier families pay more in tuition, fees, room, food, etc than the average income students?
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You know his answer.
 
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#158
#158
Should wealthy people who live in modest homes, like Warren Buffet, pay more in property taxes compared to their neighbors for schools, fire, and police services?
 
#159
#159
NorthDallas40 said:
No no no. Our resident genius @Tyler Durden has guaranteed us this is all protected via 1a and these people merely need to give up their riches and public figure status if they don’t want this treatment 😂🤡🤡🤡

From the article, but I’m guessing now the investigation will turn nothing up for prosecutors to act upon.
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Good luck to them, there are cases upon cases upon cases of SCOTUS precedent determining that public figure have basically zero privacy rights, so long as there is not malice.
 
#160
#160
McDad said:
Should wealthy people who live in modest homes, like Warren Buffet, pay more in property taxes compared to their neighbors for schools, fire, and police services?
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Property taxes should be replaced with dependent (kid) taxes.
 
#161
#161
Should the affluent who live in the best areas in the grandest homes pay more per unit for electric and water utilities so that those living in the poorest neighborhoods pay less?
 
#163
#163
hog88 said:
Property taxes should be replaced with dependent (kid) taxes.
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That doesn't help my example to engage others in conversation about how we treat income tax from the wealthy and other taxes differently, though.
 
#164
#164
Tyler Durden said:
Good luck to them, there are cases upon cases upon cases of SCOTUS precedent determining that public figure have basically zero privacy rights, so long as there is not malice.
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You are so full of **** kid there are NOT cases upon cases of private citizens personal tax information being compromised like this. What a clown response. It’s a felony offense with up to 5 years imprisonment penalty.

The only thing that might get action this time is these are all rich powerful people who know other rich powerful people that can do something about it. If this were just a bunch of peons like the massive OPM breach nothing would happen.
 
#167
#167
McDad said:
@n_huffhines
while mowing the grass, I think I understand your original post more clearly now. We were using different definitions of the word, "realized".


I was using as:
- make (money or a profit) from a transaction.
"she realized a profit of $100,000"
You were using as:
give actual or physical form to.
"the stage designs have been beautifully realized"

Jeff Bezos didn't make a profit from unsold assets. Those were unrealized. But he does realize...have actual or physical form...to his lifestyle from his wealth.

At any rate, you didn't communicate as gooder as you done when at your bestest.
Click to expand...

I can own that i should have made it more digestible to the toothless ; )
 
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#168
#168
NorthDallas40 said:
You are so full of **** kid there are NOT cases upon cases of private citizens personal tax information being compromised like this. What a clown response. It’s a felony offense with up to 5 years imprisonment penalty.

The only thing that might get action this time is these are all rich powerful people who know other rich powerful people that can do something about it. If this were just a bunch of peons like the massive OPM breach nothing would happen.
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It's also legal to steal their banking info and release that. Bc they are famous ND.
 
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#173
#173
n_huffhines said:
I can't believe that this is true. There is no chance this is true.
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They already have a much higher tax rate. What else do you want to do? A double progressive tax rate? Put some exponential tax rate in place? They have to pay 1000% income tax so that their effective rate actually works out to be the 45%, or whatever fair number we make up?

I am not saying it cant be done, I am just saying I dont see any way our government pulls it off. And that's not thinking about these guys buying off the politicians in the first place. Just the logistics of writing something they cant wiggle out of.
 
#175
#175
McDad said:
@Tyler Durden you asked about average joe making up the money billionaires don't pay in taxes.

Let me pose this: @volinbham's university has an operating budget of, say, 50M per year. All student's not on university scholarship pay for their costs in some way. Should students be means tested so that students coming from wealthier families pay more in tuition, fees, room, food, etc than the average income students?
Click to expand...

Wrong, all students pay for their costs in some way. Those on scholarship are most likely on scholarship because they are basically a marketing tool for the university. Now and in the future. How many millions of dollars has Peyton Manning's scholarship earned for the university?

The university sells a product just like everyone else, and the user (student) chooses to go there. With taxes there is no choice, we are all getting taxed. We can argue about what level of taxation is appropriate, but we are going to be taxed. It's how governments work. The government creating loopholes so the billionaire can avoid tax and have the common man pay the billionaire's share is the issue. I don't blame people for taking advantage of loopholes, but they should be closed.
 
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