Biden Calls for Record-High Tax Rate, Just a Few Points Shy of 50%

[Hoodat]

The word "unrealized" appears 18 times in this thread.  How is it that you have yet to see it?

[banddag]

The word "unrealized" appears 18 times in this thread.  How is it that you have yet to see it?

So your example of paying capital gains on a 10% increase in your home is not true. You was the one who made that up.

And I posted multiple places how the billionaires pay very low taxes through loopholes and you  have yet to show an actual link where Bezos is paying a 40% tax  even though the ACTUAL taxes Bezos paid from 2010 to 2018 is on the net and not close to 40% but between 1.8% and 3.5% give or take a few percentage points and I believe he paid zero taxes for a few of those years and even got back child tax credits

I am done you can have the last word

I can't wait to tell my CPA accountant who deals with high end clients that Bezos is paying 40% tax rate. Maybe I will not tell her. She might die from laughter

[Hoodat]

So your example of paying capital gains on a 10% increase in your home is not true. You was the one who made that up.

So now you're intentionally being obtuse.  The example given was based on the ProPublica premise.  It was a hypothetical.  But then you knew that already.

And I posted multiple places how the billionaires pay very low taxes through loopholes

Based on an imaginary tax law that is not based in reality.

and you  have yet to show an actual link where Bezos is paying a 40% tax

And you have yet to show an actual link where he is not.  Let's keep in mind that YOU are the one offering that premise, not me.  I already showed you what the law says.   Anyone in the top tax bracket is paying over 40%.  That's the law.  To suggest otherwise is delusional.

even though the taxes Bezos paid from 2010 to 2018 is on the net and not close to 40% but between 1.8% and 3.5%

Based on an imaginary tax invented by ProPublica.  But don't take my word for it.  Read the damn articles you posted yourself.  I know someone at DU supplied you with those links.  But at least have the integrity to read them yourself before you start parroting incomplete nonsense from them.  Again, this came from YOUR article.

I am done you can have the last word

Yeah, it sucks when 'truth' gets in the way of your emotional needs.

[banddag]

I lied.
Buffet in an interview says he pays on average 17.4% in taxes while his staff pays between on average 32-35%. This is not proPublica but Buffet actual words out of his mouth.


https://www.youtube.com/watch?v=zB1FXvYvcaI

Bill Gates said he pays on average 18% a year in taxes (gates said he paid 10 billion in taxes over the years-I thought it was 10% tax rate but it was 10 billion when I went back to look at it. Sue me. )  and said he would be ok with paying more even 20 billion.

Bezos accountant should be fired  lol

40% LMAO
Show a link where he is paying 40%. Still Waiting.....

I also find it amazing, Forbes, Business Insider, WSJ, Motley fool, Bloomberg  CNBC, State Street, Mornngstar , Chrles Schwab on and on  believe the propublica figures and have used them for articles but you do not.

40% . Where is the Tom Cruise laughing gif?

[Hoodat]

I lied.
Buffet in an interview says he pays on average 17.4% in taxes while his staff pays between on average 32-35%.

Like I said before, you are being intentionally obtuse.  Buffet is including capital gains which are not included in his adjusted gross income.  I can only tolerate 'stupid' so far.  Even less when a poster is doing it on purpose.

40% LMAO
Show a link where he is paying 40%. Still Waiting.....

https://www.irs.gov/filing/federal-income-tax-rates-and-brackets

https://www.irs.gov/taxtopics/tc751

I also find it amazing, Forbes, Business Insider, WSJ, Motley fool, Bloomberg  CNBC, State Street, Mornngstar , Chrles Schwab on and on  believe the propublica figures and have used them for articles but you do not.

The articles clearly state that the assessment is based on a hypothetical outside of the current tax code.  But you knew that already.  Yet here you are intentionally playing 'stupid', because your emotional well-being can't handle accepting the truth of you being dead wrong.  Not to mention that you lack the humility as well.  But hey, keep playing that class-envy card while at the same time bragging about how well-off you are.  But your bullshit won't fly here.

[Hoodat]

Let's say a person bought a house 30 years ago for $50k.  They paid their notes on time and have that house paid off.  They now sell that house for ten times that - $500,000.  They realized a capital gain of $450K.  But instead of pocketing that money, they buy a new house for $600.  So even though they realized that gain, they are able to offset it against their taxes with their new purchase (and loan).

That's what people like Buffett and Gates do.  They sell stocks, but turn right around and re-invest that money, putting off their tax liability to a later date when they cash out for good.  This isn't rocket surgery.  Everyone knows this.  Yet we have a poster in here pushing a false narrative as if we don't know better.

Personally, I don't give a damn how much Buffett pays.  I am not him.  I have my own tax liability to deal with without having to worry about other people.  But then I'm not some fascist liberal hell bent on controlling other people's lives. 

[banddag]

You can keep showing that tax table all you want. Does not mean they pay that amount.

We own 3 companies and we play the game. Need 20 hours continuing education each year, spend ,2 days in class and the other 6 days vacation and write it off as a business expense ,  hire gras cutting crew to cut grass at our office and they stop at our house and cut it and bill it out to my corporation. need a new hot water heyer for the house. Bill it out under apt expense. They don't give a crap- the companies doi ng the work.  100% of things we need around the house from garden hose to a new stove goes on the Lowe's business cc. We ownany aptsm the IRS would never figure it outI could go on an on. We are country bumpkins and of we can hide money the billionaires with their $1000 an hour accountants are dou g all the loopholes

Find me a link where the top billionaire are paying 40%

Gates, Musk, Bezos, Buffet.

If they were paying 40% they would say so.

Be shouting it from the rooftops to show the little people they are paying a high tax rate.. The fact most are quiet means they are paying a lie tax rate and do not want the public to know what they are really paying
Why Trump never wanted to show his taxes
You are the obtuse one and do not live in the real world

[cato potatoe]

Good grief, man.  Do you really expect the United States to tax investment income at ordinary rates while the vast majority of countries do not?  Do you understand why sane leaders want to encourage risk taking where it leads to economic growth?  I bet you want to jack up the corporate tax also.  Nothing but the best for the good ol USA.

And this idea of taxing unrealized gains is unconstitutional, not to mention self destructive.

[DB]

You can keep showing that tax table all you want. Does not mean they pay that amount.

We own 3 companies and we play the game. Need 20 hours continuing education each year, spend ,2 days in class and the other 6 days vacation and write it off as a business expense ,  hire gras cutting crew to cut grass at our office and they stop at our house and cut it and bill it out to my corporation. need a new hot water heyer for the house. Bill it out under apt expense. They don't give a crap- the companies doi ng the work.  100% of things we need around the house from garden hose to a new stove goes on the Lowe's business cc. We ownany aptsm the IRS would never figure it outI could go on an on. We are country bumpkins and of we can hide money the billionaires with their $1000 an hour accountants are dou g all the loopholes

Find me a link where the top billionaire are paying 40%

Gates, Musk, Bezos, Buffet.

If they were paying 40% they would say so.

Be shouting it from the rooftops to show the little people they are paying a high tax rate.. The fact most are quiet means they are paying a lie tax rate and do not want the public to know what they are really paying
Why Trump never wanted to show his taxes
You are the obtuse one and do not live in the real world

What you just described isn't "playing the game". It is outright cheating on your taxes and expenses and is illegal.

[catfish1957]

What you just described isn't "playing the game". It is outright cheating on your taxes and expenses and is illegal.

Thought the same thing.  Some of us play by the rules (Hell I don't even itemize), and I pay my fair share, at my upper bracket.   in fact I've paid the IRS close to $2M in my lifetime.

I find it  ironic that the same TBR member bitching about Billionaires (legally) getting tax breaks, might be looking at some IRS infractions  for his own dirty deeds if he got caught

[DB]

Thought the same thing.  Some of us play by the rules (Hell I don't even itemize), and I pay my fair share, at my upper bracket.   in fact I've paid the IRS close to $2M in my lifetime.

I find it  ironic that the same TBR member bitching about Billionaires (legally) getting tax breaks, might be looking a some IRS infractions  for his own dirty deeds if he got caught

He's completely outed himself. He "identifies" as conservative and is nothing of the sort. He's a leftist doing what leftist do. They demand government take more from someone else while outright cheating on what they owe themselves. Their ethics are entirely situational, the ends justify the means.

[catfish1957]

He's completely outed himself. He "identifies" as conservative and is nothing of the sort. He's a leftist doing what leftist do. They demand government take more from someone else while outright cheating on what they owe themselves. Their ethics are entirely situational, the ends justify the means.

Yep, left leaning troll plant, who gets an IMDB acting rating of 3....   Or a Romney/Cheney republican trying to pry away a few votes.

[LMAO]

This is probably appropriate for this thread

https://m.youtube.com/watch?v=b0KwifvrU_8&pp=ygUvV2h5IHRoZSB3b3JsZCBuZWVkcyBtb3JlIEVsb24gTXVzayBKb2huIFN0b3NzZWw%3D

[LMAO]

This is probably appropriate for this thread

https://m.youtube.com/watch?v=b0KwifvrU_8&pp=ygUvV2h5IHRoZSB3b3JsZCBuZWVkcyBtb3JlIEVsb24gTXVzayBKb2huIFN0b3NzZWw%3D

As I watch this video, what immediately comes to mind is how valuable people like Elon Musk are  to society and what a waste of space someone like Elizabeth Warren is


I’d rather see more money remain in the hands of people like Elon Musk who are creating new technologies and  jobs versus going to DC in the hands of people like Elizabeth Warren who only squander it

[Hoodat]

As I watch this video, what immediately comes to mind is how valuable people like Elon Musk are  to society and what a waste of space someone like Elizabeth Warren is

I’d rather see more money remain in the hands of people like Elon Musk who are creating new technologies and  jobs versus going to DC in the hands of people like Elizabeth Warren who only squander it

Spot on,