I'm a something "aire" but it's a lot less than a millionyer a dirty rotten Bucknutaire ya filthy animal
yer a dirty rotten Bucknutaire ya filthy animalMy feelings are hurt and I'm not having fun.Speaking of filthy animals the NCAA are sure making the skunk weasels sweat
Regardless of where you fall on the particular example you gave, it says little about the much broader question, "Should billionaires exist?" You picked a very selective and morally charged example, and it should be noted that most billionaires don't fall into such a category.You're absolutely correct, but it can be said that a good amount of billionaires invent something that overall is much better for society than what existed before. Jeff Bezos, you may not like the man but Amazon is a heck of a product. Microsoft software is really good. Tesla electric cars and Space X Rockets are good.
I think everyone should be a billionaire. Except people who put beans in their chilihey at the rate inflation has been going- we'll all be billionaires in about 20 years when our money is worthless.
I think everyone should be a billionaire. Except people who put beans in their chiliAmen brutha.
Amen brutha.Billionaires can afford to use whatever meat they want.
What about chili made from billionaires? Just to circle back
Also, becoming a billionaire is impossible while treating your fellow man with even average decency.I don't think that's accurate. not every rich person is a piece of shit. a lot of them are. not all of them are.
I think everyone should be a billionaire. Except people who put beans in their chiliYa well I fart in your general direction - so I got that going for me
I think everyone should be a billionaire. Except people who put beans in their chiliSell the beans, for billions.
I'm not sure.Remember, patents expire in 20 years.
say it costs Joe $100 to produce and deliver each dose.
If he charges $200 instead of $10,000, he could easily recoup his millions of investment and have a hundred million or so to live comfortable instead of making a billion
medicaid/medicare could save a few bucks
Remember, patents expire in 20 years.Thought you said "patients"
I don't think that's accurate. not every rich person is a piece of shit. a lot of them are. not all of them are.That's not what I said.
Again, so generous with other people’s money.Again, each end of the bell curve makes the normal function of things irrelevant.
Can we make sure less wealthy people spend their money efficiently first before taking money from others?
I still can't fathom that we just passed a bill that gave the richest 20% a larger % tax break than the lowest 20%.I think every tax reduction in history has favored people who pay the most in taxes.
THAT is unethical, no matter what you sprinkle in your word salad.
I still can't fathom that we just passed a bill that gave the richest 20% a larger % tax break than the lowest 20%.The bill did not lower any tax rates. It only extended the existing tax rates established in 2017. Nobody got raised, nobody got lowered.
THAT is unethical, no matter what you sprinkle in your word salad.
The bill did not lower any tax rates. It only extended the existing tax rates established in 2017. Nobody got raised, nobody got lowered.Exactly. Except taxes on tips and OT, which certainly isn’t helping the wealthy.
Read the bill.
Then comment.
Exactly. Except taxes on tips and OT, which certainly isn’t helping the wealthy.And no tax on SS for the most in need.
Cincy's SS checks aren't going to be taxed?His will. My wife's will. Mine will.
Exactly. Except taxes on tips and OT, which certainly isn’t helping the wealthy.Just because it's not helping the wealthy it's siphoning off from those of us that aren't
Cincy's SS checks aren't going to be taxed?I'll still get taxed on SS, there is a tax deduction for part of it that goes away at higher income levels.
The increase in SALT limits favors higher income folks living in high tax states like NY and CA. The elimination of the EV tax credit tends to disfavor higher income folks. The change in SS taxation (credits) tends to favor higher income folks to some degree. It phases out at high incomes.The SALT increase favors anyone who lives in the high tax areas. It's up to the individual to make it work in their favor.
A lower income person in CA will use the standard deduction, they won't pay enough SALT to merit itemizing.It's up to the individual to make it work in their favor.
Hard to make it work in one's favor when the provisions and tax laws aren't slanted in you're favorget a job as a bartender - the perks are good and yer not taxed on tips or OT
Hard to make it work in one's favor when the provisions and tax laws aren't slanted in you're favorThe standard deduction is large enough now that itemizing for most middle income folks will be ill advised, no matter how hard they work at it.
beans are the filler to increase profit margin!Beans are the profit motive.
Remember, patents expire in 20 years.I haven’t a lot of people have been finding ways to extend that? Feel like there was some coverage of that
The standard deduction is large enough now that itemizing for most middle income folks will be ill advised, no matter how hard they work at it.???????????
Your SALT deduction won't be large rnough to matter. Maybe I'm missing something.
I've also read that Roth distributions are generally not taxed at the state level.
- In general, qualified distributions from a Roth IRA are exempt from both state and federal income taxes.
- Roth IRA contributions are not tax-deductible at either the federal or state level.
- You may be able to elect to have state tax withheld on Roth IRA distributions in some states, but the specifics depend on your state's requirements and your chosen withholding options.
The standard deduction is large enough now that itemizing for most middle income folks will be ill advised, no matter how hard they work at it.You never lived in Illinois.
Your SALT deduction won't be large rnough to matter. Maybe I'm missing something.
I've also read that Roth distributions are generally not taxed at the state level.
- In general, qualified distributions from a Roth IRA are exempt from both state and federal income taxes.
- Roth IRA contributions are not tax-deductible at either the federal or state level.
- You may be able to elect to have state tax withheld on Roth IRA distributions in some states, but the specifics depend on your state's requirements and your chosen withholding options.
Imagine we institute some kind of billionaire wealth tax. How would the IRS be be able to assess it? They have no idea how much wealth I have. I might have a Matisse on my walls, or gold bullion in a safe place. OK, so they ask us all to fill out a form? All of us?I'm not an owner anymore. Would my valuation be trusted? Probably not in New York.
I know Forbes estimates who has a billion, but it's a rough estimate, at best. I'm not sure how it works.
For those with X million shares of stock in a publically traded company it's pretty easy, on specific days. Space X isn't, so how much is it worth?
Badger is part owner of a smaller company, how much is it worth? Do they trust his valuation?
Seems to me such a tax would encourage some folks to hide their wealth, which for billionaires is feasible (often). And would we all have to make some kind of wealth declaration to the IRS each year?
Europe mostly discovered this raised little revenue and wasn't worth the effort, what could we do differently? We have somewhere around $7 trillion in wealth by billionaires in the US, so a 2% tax on that would obviously be $140 billion a year, if collected. I suspect it would cost that much in paperwork trying to enforce it. And it's less than 10% of the current deficit.
If taxed at a higher rate, you'd have billionaires needing to sell stock, probably, which could mean the stock price would drop if they are major holders.
get a job as a bartender - the perks are good and yer not taxed on tips or OTYa,no I'd be subjected to an inordinate amount week moments
We had such a tax on planes a yachts at one time. You know what happened?I know some blue collar types work in those industries and some white collars, but maybe killing those industries wouldn't be all bad.
It basically killed off those industries.
Killing any legal industry is bad.
so, you're not in favor of tariffs?I'm fine with tariffs, if they are mutual.
I think everyone should be a billionaire. Except people who put beans in their chili
SALT deductions are relief to people who voted for stupid state and local policies at the expense of those of us in other states - some might call that taxation without representation.I agree.
How about the people in high tax states stop voting for stupid things? SALT deductions need to be eliminated permanently.
I'm fine with tariffs, if they are mutual.if they are mutual, ..... why have them
Fairness is a good thing.
if they are mutual, ..... why have them
25% to 25% is the same as 0% to 0%
My wife's opinion is that billionaires can absolutely exist, but she thinks that there should be a rule that you can only make at most 10 million times what your lowest paid employee makes.What about billionaires with no employees?
What about billionaires with no employees?N/A then?
N/A then?A fair number of billionaires have no employees, they don't own some company, they invest in many. Even Elon only owns 12% of Tesla.
While I am sure that at least one of those exists, I suspect it is pretty rare.
an aggressive sales tax on items billionaires purchaseescorts
I think we tried a tax on expensive boats
European sports cars ?
private jets
Caviar
wagyu beef
wine and liquor over $200/bottle
jewelry
long list
Can we tax the NIL and other slush funds they buy players with?NIL yes.
what slush funds????(https://pbs.twimg.com/media/GvSSKuKXkAAzi_y?format=jpg&name=small)
The illegal part is not reporting income from an offshore account.That'd be like scheduling a 9th conference game. Stupid.
no one really needs a starbucks coffeeThink of all the people who'd become billionaires if they just stopped buying a $4.50 cup of coffee every day!
Think of all the people who'd become billionaires if they just stopped buying a $4.50 cup of coffee every day!Think of all the people who could go to work instead of sitting in Starbucks all day.
caffeineRARE.