Jeff Bezos claims child tax credit.

[Hatin Since 87]

Is he following the law? Yes? Then who cares?

What's next? Outrage because nobody will pull him over for driving his Bentley 70 mph in a 70 mph zone?

**** yes! He should drive a pinto like the rest of us!

 

[jamil]

Even if we went into higher taxes, all our out of control government would do is spend more on worthless programs. In the 50's it might have worked (along with numerous other factors) due to fiscally responsible spending. We don't have any such thing now.

Oh and F unions. They are a relic of a bygone day. During their startup and heyday, they were necessary evils. They aren't necessary any more, but kept the evil part. Just look at all the heinous crap pushed by teachers unions.

I generally agree about unions. They had their place as businesses could control the labor markets to create a “take it or leave it” position that workers had no power to overcome.

Today, labor laws prevent a lot of that. I think unions in some industries are still necessary to maintain a balanced market, but the unions need to be neutered.

 

[jamil]

**** yes! He should drive a pinto like the rest of us!

Hey. I had a gold 1972 Pinto Wagon with the fake woodgrain. Don’t knock it until you’ve driven one.

Who am I kidding. That thing was ****.

 

[Hatin Since 87]

Hey. I had a gold 1972 Pinto Wagon with the fake woodgrain. Don’t knock it until you’ve driven one.

Who am I kidding. That thing was ****.

Damn. I used to look up to you!

 

[jamil]

And boy was that car quite the chick-magnet.

 

[Hatin Since 87]

And boy was that car quite the chick-magnet.

The girl from the yoga thread?

 

[BigRed]

From the article, which I doubt anyone here even read...

So how did Bezos get the credit? Investment losses can help reduce taxes by offsetting income or gains. Specifically, Bezos’ wealth is tied to stock which doesn’t affect your tax bracket until shares are sold. Sold shares count towards taxable income for that year.

Yeah. You don't pay taxes on unrealized gains. Pretty basic stuff here. I can have $25 million in stocks in my brokerage account. If I haven't sold them yet, I haven't made any actual income on them yet. Thus, no income tax.

Derp.

Correct....though many of the marxist scum in Congress would like to tax that that value even if it has not been recognized and is still unrealized.

The ******* spend as if there is no tomorrow which for them may be so. Our children and grandchildren, however, are being delivered into economic slavery.

 

[jamil]

The girl from the yoga thread?

There’s a yoga thread?

 

[Hatin Since 87]

There’s a yoga thread?

If you listen to anything I say let it be this. Do. Not. Enter. That. Thread.


I warned you.

 

[BigRed]

The girl from the yoga thread?

I'm pretty sure a Bentley would not have the springs for that. Best go with an F250 SD if you want to haul tht around.

 

[Hatin Since 87]

I'm pretty sure a Bentley would not have the springs for that. Best go with an F250 SD if you want to haul tht around.

Paging bigtanker! We got a job for ya

 

[BigRed]

Hey. I had a gold 1972 Pinto Wagon with the fake woodgrain. Don’t knock it until you’ve driven one.

Who am I kidding. That thing was ****.

I had one.....with a swapped 302, manual trans, and narrowed rear end.

Not all of them were ****.

 

[rhamersley]

And boy was that car quite the chick-magnet.

 

[phylodog]

so citizenship should cost each man woman child and corporation (corporate personhood) the same amount of money?

that’s about 12k for each. How many people in your household? Can you afford that? Can most?

Can you provide a logical explanation as to why you believe some people should have to carry part of your responsibility? Aside from just plain old greed and selfishness?

 

[rhamersley]

I'm pretty sure a Bentley would not have the springs for that. Best go with an F250 SD if you want to haul tht around.

 

[Ingomike]

What part of history am I missing here? Correlation vs causation? Did the economic policies of higher taxes,stronger unions and buying American have nothing to do with the reduction of debt and post war prosperity?

if those policies are not the cause then what is?

The policies you mention have no bearing on the boom.

Again go study instead of making up what sounds good to you.

You do realize that there was virtually no manufacturing capacity in the entire world after the war other than in the US. We had no competition for many years...

 

[rooster]

Is he following the law? Yes? Then who cares?

The letter of the law? Yes. Spirit of the law? Not by a long shot.

the people who wrote the income tax laws hardly meant for the wealthy to use their shares as collateral and turn them into a liability that gets written off (in the form of interest) in order to not pay taxes while buying a 3rd hour or another yacht.

The wealthiest Americans avoided billions in taxes by voluntarily doing something most only do out of necessity: borrowing money.

Income taxes: 37%. Capital gains: 20%. ProPublica found billionaires avoid those by borrowing from banks at interest rates of less than 10%.

www.google.com

 

[phylodog]

The letter of the law? Yes. Spirit of the law? Not by a long shot.

the people who wrote the income tax laws hardly meant for the wealthy to use their shares as collateral and turn them into a liability that gets written off (in the form of interest) in order to not pay taxes while buying a 3rd hour or another yacht.

The wealthiest Americans avoided billions in taxes by voluntarily doing something most only do out of necessity: borrowing money.

Income taxes: 37%. Capital gains: 20%. ProPublica found billionaires avoid those by borrowing from banks at interest rates of less than 10%.

www.google.com

Why not take advantage of this yourself? Or is it easier to just steal from people you think have too much?

 

[rooster]

The policies you mention have no bearing on the boom.

Again go study instead of making up what sounds good to you.

You do realize that there was virtually no manufacturing capacity in the entire world after the war other than in the US. We had no competition for many years...

We created our own competition with NAFTA and the buying of cheap Chinese goods starting in the 1980’s.

Why not take advantage of this yourself? Or is it easier to just steal from people you think have too much?

Haha I’m not even close to wealthy enough. Even those I know that are pretty wealthy could not get a single digit interest loan (they explored it as a financing method for their new house construction instead of a bridge loan) on their portfolio. Gotta be playing with 100’s of millions to get that kind of treatment.

 

[phylodog]

Haha I’m not even close to wealthy enough.

That's the real issue isn't it? I'm not either but that fact doesn't upset me.