Twitter Truth Social launch date

[Faux Sean Callahan]

What's the specific rationale for that claim?

Laffer curve... It is one of the reasons why Reagan and Trump tax cuts raised tax revenue

 

[Jim14510]

The elephant in the room is that democrats want to promise European social democracy style welfare states and want taxes to be structured totally different than how they're (mostly) structured to finance them in those places

I'd you're going to do something different I'd prefer they structured the taxes that way personally. As an example I actually like Germany's method of dealing with Healthcare and the tax structure they use to pay for it.

Democrats want to move to gov't ran Healthcare and get the revenue for it from income tax.

 

[vailhusker]

It's the popular outlook when the stock market is having good years. Even if it isn't you'll still have success stories during those years you could point to. You don't pay tax on unrealized gains just like you don't deduct unrealized losses.

It's mostly timing in the end. Bezos and Musk weren't making money in 2018 and 2019 if you look at their income statement but you knew both of them were going to blow up well before they did.

The rich have advantages yes. They can absorb cash losses that are reducing taxable income while their net worth is increasing.

You want to tax unrealized gains that would be a fantastic way to completely destroy the economy quickly imo. At the very least destroy small business owners which in the long run would destroy the economy. Take those taxes and redistribute to the bottom half if you want to see some real inflation.

I'm good with the top 1% having years where they don't pay any taxes. In the long run they still pay the lions share. Everybody in the bottom 50% that don't pay dick ever and more than likely have a negative tax rate can lick my taint.

Here is an article saying Elon might not pay any of the $11 billion by using Multinational Structuring? Thoughts on that if you have some time.

Elon Musk Has An $11 Billion Tax Bill, But Tesla Will Pay Exactly $0 In Federal Taxes Despite Record Profits | Carscoops

Elon Musk himself may not have to pay another federal tax bill until 2028

www.carscoops.com

 

[Baron Winnebago]

Laffer curve... It is one of the reasons why Reagan and Trump tax cuts raised tax revenue

Thanks

 

[Baron Winnebago]

I'd you're going to do something different I'd prefer they structured the taxes that way personally. As an example I actually like Germany's method of dealing with Healthcare and the tax structure they use to pay for it.

Democrats want to move to gov't ran Healthcare and get the revenue for it from income tax.

Generally, people like taxes (more) when it's clear what they actually pay for.

 

[Faux Sean Callahan]

Generally, people like taxes (more) when it's clear what they actually pay for.

Which is why I am a fan of the federal taxes coming down and shifting more of the responsibility toward states.

 

[Baron Winnebago]

Which is why I am a fan of the federal taxes coming down and shifting more of the responsibility toward states.

Federalism can be a pain though

 

[Jim14510]

Here is an article saying Elon might not pay any of the 11 billion by using Multinational Structuring? Thoughts on that if you have some time.

Elon Musk Has An $11 Billion Tax Bill, But Tesla Will Pay Exactly $0 In Federal Taxes Despite Record Profits | Carscoops

Elon Musk himself may not have to pay another federal tax bill until 2028

www.carscoops.com

The Tesla piece has nothing to do with Musk personally paying 11 billion. He already paid it when he exercised his stock options and nothing is reducing his personal income to get that back.

Tesla very well could have NOL carryovers. You don't get tax from the federal govt with a loss. The loss is carried over until there is income to offset it. It's really a stupid point that gets brought up too often. Again it's timing. If I lose 100k/year for 5 years and then make 500k year 6 how much tax should I pay?

As far as the multination/structuring goes there are several ways to shift income into a more favorable tax situation. One of the common ways auto manufacturers/dealers shift income overseas is through the warranty side but there are all lines of production that can take pieces of it. I'm not an international tax guy so I only have a basic understanding of it.

 

[Baron Winnebago]

The Tesla piece has nothing to do with Musk personally paying 11 billion. He already paid it when he exercised his stock options and nothing is reducing his personal income to get that back.

Tesla very well could have NOL carryovers. You don't get tax from the federal govt with a loss. The loss is carried over until there is income to offset it. It's really a stupid point that gets brought up too often. Again it's timing. If I lose 100k/year for 5 years and then make 500k year 6 how much tax should I pay?

As far as the multination/structuring goes there are several ways to shift income into a more favorable tax situation. One of the common ways auto manufacturers/dealers shift income overseas is through the warranty side but there are all lines of production that can take pieces of it. I'm not an international tax guy so I only have a basic understanding of it.

I assume super rich people pay taxes in ways that are pretty much incomprehensible to almost every person

 

[vailhusker]

The Tesla piece has nothing to do with Musk personally paying 11 billion. He already paid it when he exercised his stock options and nothing is reducing his personal income to get that back.

Tesla very well could have NOL carryovers. You don't get tax from the federal govt with a loss. The loss is carried over until there is income to offset it. It's really a stupid point that gets brought up too often. Again it's timing. If I lose 100k/year for 5 years and then make 500k year 6 how much tax should I pay?

As far as the multination/structuring goes there are several ways to shift income into a more favorable tax situation. One of the common ways auto manufacturers/dealers shift income overseas is through the warranty side but there are all lines of production that can take pieces of it. I'm not an international tax guy so I only have a basic understanding of it.

Thanks, appreciate your time.

 

[HuskerGarrett]

Looks like Truth launched on the App Store

 

[Faux Sean Callahan]

Looks like Truth launched on the App Store

Faux is coming to truth

 

[Jim14510]

Hoping my username (PatriotButtzDriveMeNutz1776) isn't taken...

You might be in luck.

 

[Jim14510]

Of course the election fraud, anti vax, Trump is the greatest ever posts are plenty. I did find this one funny.

 

[Baron Winnebago]

Of course the election fraud, anti vax, Trump is the greatest ever posts are plenty. I did find this one funny.

View attachment 7616

Caitlyn Jenner doe

 

[Jim14510]

Caitlyn Jenner doe

Didn't he cut his off?

 

[Jim14510]

It's like being in the Q Facebook group again.

 

[Baron Winnebago]

Didn't he cut his off?

Only one way to find out ...

 

[Faux Sean Callahan]

Only one way to find out ...

@kenyanfeline water boys services are needed

 

[ChocaEgg]

Didn't he cut his off?

No I think it just got turned inside out and tucked in or something