Jeff Bezos claims child tax credit.

[bwframe]

...this isn’t going away, the rich will pay.

I'm sincerely worried about you, my friend.

The next thing you'll be wanting, is us to turn in our guns.

 

[rhamersley]

Still disproportional. the person making $6k is still impacted harder than the guy making 60k. Using my coke analogy, the poor person can now buy 1 coke paying no tax, the lowest bracket having a couple bucks in his pocket might be able to buy one or two, yet the guy with $8 bucks can still afford lots of cokes. So he is still better off than the guys below him.

Granted your argument does work when you get above a certain tax bracket. But down low it still hurts the poor more.

Trying to follow the logic here, and with all due respect…
If you take it that the “coke” is the government you’re paying for, the amount you would pay would be a percentage (tax rate) of your money (income). Thus, assuming a 5% rate, the guy that has $1.00 would pay 5 cents while the guy with $8 pays 40 cents. Simplistic and doesn’t take into account deductions and such, but can’t see any other way it works.

 

[Cameramonkey]

Trying to follow the logic here, and with all due respect… View attachment 143817
If you take it that the “coke” is the government you’re paying for, the amount you would pay would be a percentage (tax rate) of your money (income). Thus, assuming a 5% rate, the guy that has $1.00 would pay 5 cents while the guy with $8 pays 40 cents. Simplistic and doesn’t take into account deductions and such, but can’t see any other way it works.

You are reading too much into it. Its a literal example, in an attempt to simplify it.

Using the coke example, I'm demonstrating the disproportional loss of purchasing power by surrendering a flat % by all. Those with less to start with, have less extra to go around. So when you desperately need ALL of what you have, (and really need more) it hurts worse at the low end.

So I guess to clarify, If I only had a dollar and suddenly you came and took a dime from me, I can no longer afford that dollar coke because Ive only got 90 cents left. But if I took a dollar from your $10, you wouldnt be dramatically impacted when you walked up to the coke machine. Same %, but different impact. You can still buy what you want easily while I cannot.

And no offense taken.

 

[Jaybird1980]

You are reading too much into it. Its a literal example, in an attempt to simplify it.

Using the coke example, I'm demonstrating the disproportional loss of purchasing power by surrendering a flat % by all. Those with less to start with, have less extra to go around. So when you desperately need ALL of what you have, (and really need more) it hurts worse at the low end.

So I guess to clarify, If I only had a dollar and suddenly you came and took a dime from me, I can no longer afford that dollar coke because Ive only got 90 cents left. But if I took a dollar from your $10, you wouldnt be dramatically impacted when you walked up to the coke machine. Same %, but different impact. You can still buy what you want easily while I cannot.

And no offense taken.

That struggle is what should make people want to earn more, which in turn helps the country.

Being that poor should be a struggle

 

[phylodog]

That struggle is what should make people want to earn more, which in turn helps the country.

Being that poor should be a struggle

Nuh-uh, people should have to pay for and support other people because reasons. Shame on those rich bastards making us have to take their ****, they should be good snowflakes and just give it all away. Nobody deserves anything better or worse than anyone else. It's only fair.

 

[Jaybird1980]

Nuh-uh, people should have to pay for and support other people because reasons. Shame on those rich bastards making us have to take their ****, they should be good snowflakes and just give it all away. Nobody deserves anything better or worse than anyone else. It's only fair.

I know entirely to many people who believe exactly what you just said. I laughed at this, but only because you said it.

 

[wtburnette]

We do need some safety nets for our society, but nowhere near the BS we have now. People who don't have a disability need to get off their butts and get working. I don't give a flat dam about some whiny POS who feels they shouldn't have to work for the man, or who wants everything handed to them on a platter. We need to teach people that you don't deserve anything more in life than what you can earn for yourself. No one owes you anything, even your parents. Get out there and do what it takes to make something of yourself and stop feeling sorry for yourself. When I was younger I had a hard time making the money I wanted to afford the things I wanted, so I buckled down and worked harder, went to school and made myself a career. If I can do it, anyone can. Sometimes you have to do without. You're not guaranteed to have everything you want and you shouldn't. When you look at your neighbor and see that he has more, instead of bellyaching about it as an injustice, use it as incentive to work harder, smarter and to do what is needed so that you can have what you want.

 

[rooster]

Sounds like a few people here have disability envy

 

[wtburnette]

I know that's in purple, but it's more like serious disdain for those who try to game the system. I've worked with plenty of disabled people in my career. People who were blind, people in wheelchairs, people who didn't have the use of an arm. I used to go to the movies at a place where the guy taking tickets had something that kept him in a wheelchair, with gnarled limbs, coke bottom bottle glasses and a coloscopy bag. Yet he was working. That's someone I can respect, not some whiny piece of who gets a "disability" check for some imaginary issue, where people with real disabilities are out there working their butts off...

 

[rooster]

I know that's in purple, but it's more like serious disdain for those who try to game the system. I've worked with plenty of disabled people in my career. People who were blind, people in wheelchairs, people who didn't have the use of an arm. I used to go to the movies at a place where the guy taking tickets had something that kept him in a wheelchair, with gnarled limbs, coke bottom bottle glasses and a coloscopy bag. Yet he was working. That's someone I can respect, not some whiny piece of who gets a "disability" check for some imaginary issue, where people with real disabilities are out there working their butts off...

Agree completely, I was poking fun at some of the upthread comments saying my criticism of the Uber wealthy must be out of envy.

audit the disability payrolls too. I’m all for stopping handout to those who can work but choose not to, that’s the very essence of why I have no love for the ultra wealthy and Bezos claiming this tax credit.

 

[Kirk Freeman]

1. Why would anyone be surprised at this?

2. Why would we not expect Jeff, or, more properly, Jeff's platoon of lawyers and CPAs NOT utilizing every tax advantage for their client?

It's an income tax. Not a wealth tax. The purpose of the income tax is a moat, to prevent social mobility. Shirtsleeves to shirtsleeves in 3 generations and all that.

 

[wtburnette]

Agree completely, I was poking fun at some of the upthread comments saying my criticism of the Uber wealthy must be out of envy.

audit the disability payrolls too. I’m all for stopping handout to those who can work but choose not to, that’s the very essence of why I have no love for the ultra wealthy and Bezos claiming this tax credit.

Hence why a "tax the rich" opinion if not supported by most of us here. What is needed is for the system to be revamped, not for those creating wealth in this country to be penalized. The problem here is our government, not people avoiding paying taxes by using the rules the politicians put in place. Fix the problems, don't just tax people to throw more money at the problems.

 

[1nderbeard]

You do realize that the top 10% of income earners pay 70% of income taxes right?
You realize that the bottom 50% of income earners pay 3% of all income taxes right?

Bezos pays more in taxes that probably all of us combined. Let's go find something else about which to be outraged.

 

[phylodog]

You do realize that the top 10% of income earners pay 70% of income taxes right?
You realize that the bottom 50% of income earners pay 3% of all income taxes right?

Bezos pays more in taxes that probably all of us combined. Let's go find something else about which to be outraged.

Pffft.... Who cares, he has what I don't so he deserves to be pillaged.

 

[rooster]

You do realize that the top 10% of income earners pay 70% of income taxes right?
You realize that the bottom 50% of income earners pay 3% of all income taxes right?

Bezos pays more in taxes that probably all of us combined. Let's go find something else about which to be outraged.

If that’s true then why the pushback over this tax leak?

why are billionaires going on CNBC whining about their privacy ?

what don’t they want you to know

 

[wtburnette]

Probably because though rich, they still deserve their privacy. Also, it was illegal to obtain that information and IMO should have been illegal to publish it as well.

 

[phylodog]

Probably because though rich, they still deserve their privacy. Also, it was illegal to obtain that information and IMO should have been illegal to publish it as well.

Yeah but that doesn't matter, they're rich so they deserve to have their private lives put on display for all to see. I mean, **** em, right? They have more than we do so they deserve whatever they get. How dare they.

When's the next Antifa meeting?

 

[rooster]

It’s ironic that many of the people involved in the leak who are crying by about their privacy made their money by utilizing tech solutions sell data on people (invading their privacy) .

did you forget to opt out of Amazon sidewalk?

Amazon.com: Amazon Sidewalk: Amazon Devices & Accessories

Online shopping for Amazon Sidewalk from a great selection at Amazon Devices & Accessories Store.

www.amazon.com

 

[Jaybird1980]

If that’s true then why the pushback over this tax leak?

why are billionaires going on CNBC whining about their privacy ?

what don’t they want you to know

Because they are entitled to their freaking privacy, everybody should be pissed when people personal information is leaked.

The fact that you think at a certain dollar amount people are not entitled to privacy anymore pisses me off.

 

[wtburnette]

Personally I feel like things like Sidewalk should be against the law as well and that companies can't just turn a feature like that on the way they did. That doesn't mean that they don't still deserve their privacy, though it does make them hypocrites...