header pic

Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The 'Old' CFN/Scout Crowd- Enjoy Civil discussion, game analytics, in depth player and coaching 'takes' and discussing topics surrounding the game. You can even have your own free board, all you have to do is ask!!!

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


Author

Topic: In other news ...

 (Read 1013553 times)

Mdot21

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 14379
  • Liked:
Re: In other news ...
« Reply #11928 on: January 31, 2022, 02:49:01 PM »
Smart people with math skills.
also people that are really good at decoding the 50 billion page tax code....

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71632
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #11929 on: January 31, 2022, 02:49:23 PM »
If you get stock options or stock, that is taxable when exercised or sold.  Options are taxable as earned income.  I don't know of any big banks giving 0% loans, that could be something that happens rarely, or not at all.  And I don't think it would be helpful to preclude loans on assets.

And of course when you sell stock kept for a year, you get capital gains tax rates and you don't pay FICA.

The pure fact is the wealthy do not need earned income, and they could always simply invest in municipals, and some do.

Mdot21

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 14379
  • Liked:
Re: In other news ...
« Reply #11930 on: January 31, 2022, 02:55:25 PM »
in a funny twist...Neil Young had to delete that letter over his music being taken off Spotify, because he doesn't actually own his own music. The moron sold a 51% stake in his entire publishing catalogue to a company that has since been swallowed up by PE giant BlackStone. BlackStone owns controlling stake in his music, so it's not a decision he can make anyways. Spotify took his music down anyway. Good for them.

Find it funny how anyone is cheering for this guy and extolling his virtues, when (a) he's pushing for censorship which is tyranny, and (b) he's got a looooooong history of homophobia saying very disgusting things in the 80s, 90s, and 2000s about gay people- and when the HIV/AIDS crisis first hit he was spreading medical misinformation in the late 80s saying things in an interview with Rolling Stone (which had millions of readers back then) like he doesn't want some "fa**ot" handling his potatoes at a grocery store because he doesn't want to get AIDS. Whoops, not the way that disease spreads Neil Young! Sounds like a stand-up guy.

Mdot21

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 14379
  • Liked:
Re: In other news ...
« Reply #11931 on: January 31, 2022, 02:59:13 PM »
If you get stock options or stock, that is taxable when exercised or sold.  Options are taxable as earned income.  I don't know of any big banks giving 0% loans, that could be something that happens rarely, or not at all.  And I don't think it would be helpful to preclude loans on assets.

And of course when you sell stock kept for a year, you get capital gains tax rates and you don't pay FICA.

The pure fact is the wealthy do not need earned income, and they could always simply invest in municipals, and some do.
they are never taxed if they are never sold. that's what the purpose of the billionaire loan scam is for.....

options are taxable as earned income yes- but those options can take years if not a decade or more to vest. the only reason Musk has recently been selling Tesla stock and paying tax is to exercise his stock options and get more stock at an incredibly cheap price compared to what Tesla is trading at right now.

And you really need to read up more, because that's exactly what big banks are doing right now. Bezos, Musk, and other billionaires are getting 0% loans secured against their stock holdings all in order to push their corporate banking to said bank giving them the personal loan. Conflict of interest, much? Go try and get a 0% loan from a big bank. Lol.

The super wealthy aren't investing in municipals to avoid paying tax. They are taking out virtually 0% loans.

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25281
  • Liked:
Re: In other news ...
« Reply #11932 on: January 31, 2022, 02:59:39 PM »
also people that are really good at decoding the 50 billion page tax code....
Or those in the swamp who wrote the tax code.
U RAH RAH! WIS CON SIN!

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25281
  • Liked:
Re: In other news ...
« Reply #11933 on: January 31, 2022, 03:03:44 PM »
in a funny twist...Neil Young had to delete that letter over his music being taken off Spotify, because he doesn't actually own his own music. The moron sold a 51% stake in his entire publishing catalogue to a company that has since been swallowed up by PE giant BlackStone. BlackStone owns controlling stake in his music, so it's not a decision he can make anyways. Spotify took his music down anyway. Good for them.

Find it funny how anyone is cheering for this guy and extolling his virtues, when (a) he's pushing for censorship which is tyranny, and (b) he's got a looooooong history of homophobia saying very disgusting things in the 80s, 90s, and 2000s about gay people- and when the HIV/AIDS crisis first hit he was spreading medical misinformation in the late 80s saying things in an interview with Rolling Stone (which had millions of readers back then) like he doesn't want some "fa**ot" handling his potatoes at a grocery store because he doesn't want to get AIDS. Whoops, not the way that disease spreads Neil Young! Sounds like a stand-up guy.
Neil Young sucks, and always has sucked. He is like this to me:



Guy can't sing a lick, his songs suck, and his guitar work is WAY overrated. There are probably 1000 guys out there who do/did it better. If not more.
U RAH RAH! WIS CON SIN!

Mdot21

  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 14379
  • Liked:
Re: In other news ...
« Reply #11934 on: January 31, 2022, 03:07:50 PM »
Neil Young sucks, and always has sucked. He is like this to me:



Guy can't sing a lick, his songs suck, and his guitar work is WAY overrated. There are probably 1000 guys out there who do/did it better. If not more.
Oh I agree with you 100%. He's always been fucking awful.

I have no idea how he even has any fans or how he became famous in the first place. He can't sing at all and his music sucks. That's just a fact. The geriatric f**k has been getting major play in news and has been reintroduced to the culture all over this little stunt. Millions of people who had no idea who the f he even was now do.

Awesome publicity stunt if you want to get your name out there. The idiot knew he didn't control his own music. Not like he just forgot he sold it. The letter and his demands were nothing but a publicity stunt by him to get his irrelevant name out there again.

utee94

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 17718
  • Liked:
Re: In other news ...
« Reply #11935 on: January 31, 2022, 03:19:33 PM »
+2 on how badly Neil Young sucks.




longhorn320

  • Legend
  • ****
  • Posts: 9345
  • Liked:
Re: In other news ...
« Reply #11936 on: January 31, 2022, 03:27:05 PM »
Ive never really cared for his music either but I thought it was just me
They won't let me give blood anymore. The burnt orange color scares the hell out of the doctors.

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25281
  • Liked:
Re: In other news ...
« Reply #11937 on: January 31, 2022, 03:27:21 PM »
+2 on how badly Neil Young sucks.




Hey hey, my my.
U RAH RAH! WIS CON SIN!

Honestbuckeye

  • Team Captain
  • *******
  • Posts: 5808
  • Liked:
Re: In other news ...
« Reply #11938 on: January 31, 2022, 03:36:19 PM »
Apparently Neil Young believes it’s OK to keep on “rocking in the free World” but doesn’t believe it’s OK to “talk in a free world”
Get your facts first, then you can distort them as you please.
-Mark Twain

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71632
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #11939 on: January 31, 2022, 03:49:25 PM »
There is an interesting dilemma if someone with a loud voice is spreading misinformation and the right of "Society" to have some control over it.  We do already have restrictions on free speech, it's not an absolute right.  And of course speech in any private forum can be controlled as deemed necessary by the owners.  So, should "we" counter hypothetical misinformation that is clearly damaging to larger societal interests?

Honestbuckeye

  • Team Captain
  • *******
  • Posts: 5808
  • Liked:
Re: In other news ...
« Reply #11940 on: January 31, 2022, 03:51:32 PM »
There is an interesting dilemma if someone with a loud voice is spreading misinformation and the right of "Society" to have some control over it.  We do already have restrictions on free speech, it's not an absolute right.  And of course speech in any private forum can be controlled as deemed necessary by the owners.  So, should "we" counter hypothetical misinformation that is clearly damaging to larger societal interests?
And all centers around your definition of “misinformation“

Who gets to decide?  If it’s the party in power and all of their supporters then that becomes an obvious problem doesn’t it now?  And who stops them from spreading miss information, which is an every day occurrence?
Get your facts first, then you can distort them as you please.
-Mark Twain

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71632
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #11941 on: January 31, 2022, 03:55:11 PM »
I don't see any articles saying the wealthy get ZERO interest loans from banks.  No doubt they get favorable rates because their collateral is solid.

American Billionaires Avoid Taxes by Borrowing Money: ProPublica (businessinsider.com)

My guess is they pay something under one percent these days, but that isn't zero.

 

Support the Site!
Purchase of every item listed here DIRECTLY supports the site.