Current Events > billionaires actually don't pay taxes

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WingsOfGood
06/14/21 6:52:48 PM
#1:


https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

In 2007, Jeff Bezos, then a multibillionaire and now the worlds richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.

You better pay your taxes though or you gonna go to jail.
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WingsOfGood
06/14/21 6:54:20 PM
#2:


Mitch McConnel is very upset we all know this.

So get ready to tag people who claim this is not true:

https://www.yahoo.com/news/mcconnell-blasts-propublica-tax-leak-162957357.html

McConnell blasts ProPublica tax leak, says whoever is responsible should be 'hunted down and thrown into jail'

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Golden_Key33
06/14/21 6:54:34 PM
#3:


I wish I was rich enough to not have to spend money.

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ROOTFayth
06/14/21 6:54:35 PM
#4:


don't they have little to no liquidity and just assets?
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Robot2600
06/14/21 6:55:00 PM
#5:


This is why we need a modest 3-4% billionaire tax, at minimum.

---
Marvel presents Marvel Marvel's The Marvels
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Broseph_Stalin
06/14/21 6:55:15 PM
#6:


Maybe if we post the propublica report one more time no one will notice they used misleading statistics to come up with their data!
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WingsOfGood
06/14/21 6:55:16 PM
#7:


ROOTFayth posted...
don't they have little to no liquidity and just assets?

look at this post
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WingsOfGood
06/14/21 6:55:36 PM
#8:


Broseph_Stalin posted...
Maybe if we post the propublica report one more time no one will notice they used misleading statistics to come up with their data!

LMAO broseph ofc!
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sondast
06/14/21 6:56:12 PM
#9:


Golden_Key33 posted...
I wish I was rich enough to not have to spend money.
All you have to do is work 50,000 lifetimes at minimum wage to get your first billion!

---
Take a lesson from parakeets. If you're ever feeling lonely, just eat in front of a mirror.
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ROOTFayth
06/14/21 6:56:17 PM
#10:


gotta make up your mind boys, do you want socialism or capitalism
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Broseph_Stalin
06/14/21 6:56:49 PM
#11:


WingsOfGood posted...
LMAO broseph ofc!

protip: read more than the headline
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WingsOfGood
06/14/21 6:58:09 PM
#12:


Broseph_Stalin posted...
protip: read more than the headline

you are on Mitch McConnel's side.
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RchHomieQuanChi
06/14/21 6:58:27 PM
#13:


ROOTFayth posted...
gotta make up your mind boys, do you want socialism or capitalism

Definitely socialism

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I have nothing else to say
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Broseph_Stalin
06/14/21 6:59:07 PM
#14:


WingsOfGood posted...
you are on Mitch McConnel's side.

Mitch McConnel loves disinformation actually, the entire GOP depends on it. You are on his side.
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ROOTFayth
06/14/21 6:59:08 PM
#15:


also should you pay taxes on unrealized gains?
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WingsOfGood
06/14/21 6:59:30 PM
#16:


ROOTFayth posted...
gotta make up your mind boys, do you want socialism or capitalism

remember when Republicans said an extra $300 a week for unemployment was too much and people staying at home wanting to not work?
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WingsOfGood
06/14/21 7:00:08 PM
#17:


ROOTFayth posted...
also should you pay taxes on unrealized gains?

I pay property taxes

that is unrealized gains son

@ROOTFayth
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ROOTFayth
06/14/21 7:03:48 PM
#18:


everybody pays property taxes, billionaires included lol

anyway I think paying taxes on unrealized gains would be pretty shitty, would be pretty hard to profit by investing money
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WingsOfGood
06/14/21 7:03:59 PM
#19:


https://www.youtube.com/watch?v=7Bryv3P_UFs

oof

Warren Buffet wants taxes raised on the rich but he paid the least....

I guess you can't blame him cause it was an option but I think you should because it was a choice he made to do.
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WingsOfGood
06/14/21 7:05:14 PM
#20:


ROOTFayth posted...
everybody pays property taxes, billionaires included lol

anyway I think paying taxes on unrealized gains would be pretty shitty, would be pretty hard to profit by investing money

So your argument is worthless as you are fine with taxing unrealized gains.

So what was your point then?

Pretty hard to profit as the wealthiest man in the whole fucking planet?
Seriously bro, why are you licking their boots?
What is your stake in this game?
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ROOTFayth
06/14/21 7:06:02 PM
#21:


you wouldn't want to pay more taxes if you were rich either, nobody does, everybody is selfish, everybody wants more for themselves and their entourage, nobody gives a shit about people they don't know

thread about saving your own dog or a stranger's kid the other day pretty much proved that
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RchHomieQuanChi
06/14/21 7:06:13 PM
#22:


WingsOfGood posted...
So your argument is worthless as you are fine with taxing unrealized gains.

So what was your point then?

Pretty hard to profit as the wealthiest man in the whole fucking planet?
Seriously bro, why are you licking their boots?
What is your stake in this game?

Because he's totally, definitely, for sure going to be a billionaire too!

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I have nothing else to say
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RchHomieQuanChi
06/14/21 7:06:48 PM
#23:


ROOTFayth posted...
you wouldn't want to pay more taxes if you were rich either, nobody does, everybody is selfish, everybody wants more for themselves and their entourage, nobody gives a shit about people they don't know

thread about saving your own dog or a stranger's kid the other day pretty much proved that

Everybody is selfish because we literally live in a system that requires selfishness for survival.

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I have nothing else to say
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Demon1050
06/14/21 7:06:59 PM
#24:


ROOTFayth posted...
gotta make up your mind boys, do you want socialism or capitalism


Capitalism with income caps! lol

Not fair per say but it would make the world a better place. We could do it with no laws if people were by default more generous, but nope they think they need every cent of their multi-millions or billions.

I know plenty of people making like 20,000 a year and they still give 10% of their income to those in need as per the bible says to. Imagine if all these rich pieces of shit did the same 10%. They could actually afford to give 50-80% and still live better than everybody, that's the sad part. Oh well. Actually, a billionaire could give 99% of their income and still have 10,000,000..... Damn.
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WingsOfGood
06/14/21 7:07:55 PM
#25:


ROOTFayth posted...
you wouldn't want to pay more taxes if you were rich either, nobody does, everybody is selfish, everybody wants more for themselves and their entourage, nobody gives a shit about people they don't know

thread about saving your own dog or a stranger's kid the other day pretty much proved that

This is one of the stupidest things I ever read.

I
PAY
TAXES

OR
I
GO
TO
JAIL

Why do they get a choice but you and me don't? When they are the ones exploiting labor and we are not?

When you and my taxes is more harmful to our ability to survive than theirs?
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Derwood
06/14/21 7:08:34 PM
#26:


Broseph_Stalin posted...
protip: read more than the headline

Imagine white knighting for billionaires....
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ROOTFayth
06/14/21 7:08:52 PM
#27:


RchHomieQuanChi posted...
Everybody is selfish because we literally live in a system that requires selfishness for survival.
explain the results of the dog versus stranger kid thread then
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Crescente
06/14/21 7:09:19 PM
#28:


If he's donating billions, then it's okay if he's getting tax breaks.
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WingsOfGood
06/14/21 7:09:55 PM
#29:


Crescente posted...
If he's donating billions, then it's okay if he's getting tax breaks.

they aren't
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David1988
06/14/21 7:09:55 PM
#30:


Why would they? They already do their part for society by having corporations that provides services and jobs to the masses.

---
Each night, when I go to sleep, I die.
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WingsOfGood
06/14/21 7:10:25 PM
#31:


David1988 posted...
Why would they? They already do their part for society by having corporations that provides services and jobs to the masses.

OH
MY

are you serious bro?
are you really literally serious bro?
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RchHomieQuanChi
06/14/21 7:10:40 PM
#32:


ROOTFayth posted...
explain the results of the dog versus stranger kid thread then

I don't know what you're talking about

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I have nothing else to say
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ROOTFayth
06/14/21 7:11:07 PM
#33:


WingsOfGood posted...
This is one of the stupidest things I ever read.

I
PAY
TAXES

OR
I
GO
TO
JAIL

Why do they get a choice but you and me don't? When they are the ones exploiting labor and we are not?
dude do you think only the billionaires are playing the game in a way they can avoid paying taxes legally? plenty of business owners do it too that aren't billionaires

truth is if you work for someone and you have a salary you're getting the most fucked out of every different way you can make money in this dumb capitalist world we live in
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RchHomieQuanChi
06/14/21 7:11:38 PM
#34:


David1988 posted...
Why would they? They already do their part for society by having corporations that provides services and jobs to the masses.

Corporations don't exist to give you a job. They exist to make money for their owners.

As we saw literally last year, employers are willing to cut jobs drastically if it will save them money.

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I have nothing else to say
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WingsOfGood
06/14/21 7:11:41 PM
#35:


@David1988

You need to read this. The taxes that come out of your paycheck helps Bezos get richer because his employees are on welfare.

https://newrepublic.com/article/146540/amazon-thriving-thanks-taxpayer-dollars
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kage_53
06/14/21 7:12:46 PM
#36:


ROOTFayth posted...
gotta make up your mind boys, do you want socialism or capitalism

Capitalism and its not even close. I was born in what is now a former socialist country. The romanticism of socialism by the American youth is hilarious
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ROOTFayth
06/14/21 7:12:54 PM
#37:


RchHomieQuanChi posted...
I don't know what you're talking about
there was this thread somebody made that asked if you were stranded in a building burning and you can only save your dog or a toddler that is not your child, most people voted for their own dog, so this selfishness isn't just about money and capitalism although I agree that it certainly promotes that, capitalism is sociopathic by nature

apparently it's the lesser evil though
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WingsOfGood
06/14/21 7:13:22 PM
#38:


ROOTFayth posted...
dude do you think only the billionaires are playing the game in a way they can avoid paying taxes legally? plenty of business owners do it too that aren't billionaires

truth is if you work for someone and you have a salary you're getting the most fucked out of every different way you can make money in this dumb capitalist world we live in

what are you blabbing about?
do you own a business and think Jeff Bezos paying his fair share means you will be taxed more or something? Because if you do you are wrong
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ROOTFayth
06/14/21 7:14:01 PM
#39:


WingsOfGood posted...
what are you blabbing about?
do you own a business and think Jeff Bezos paying his fair share means you will be taxed more or something? Because if you do you are wrong
I have no idea what point you just tried to make
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Solid Snake07
06/14/21 7:14:45 PM
#40:


Is the difference between income and capital gains supposed to be super revelating or something?

---
"People incapable of guilt usually do have a good time"
-Detective Rust Cohle
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WingsOfGood
06/14/21 7:15:04 PM
#41:


ROOTFayth posted...
I have no idea what point you just tried to make

Jeff Bezos having to pay tax won't take away your tiny businesses ability to have some small tax break
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Veggeta X
06/14/21 7:15:50 PM
#42:


I dunno why the government don't wanna tax these people.

---
Don't like it? Don't watch it. It's that simple
Dictator of Nice Guys
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WingsOfGood
06/14/21 7:16:28 PM
#43:


kage_53 posted...
Capitalism and its not even close. I was born in what is now a former socialist country. The romanticism of socialism by the American youth is hilarious

billionaires having to pay their taxes doesn't make America the USSR fyi
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Crescente
06/14/21 7:16:54 PM
#44:


WingsOfGood posted...
they aren't

he donated 10 billion to support education and fight climate change though.
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ROOTFayth
06/14/21 7:17:21 PM
#45:


WingsOfGood posted...
Jeff Bezos having to pay tax won't take away your tiny businesses ability to have some small tax break
where did I claim the opposite?
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WingsOfGood
06/14/21 7:17:45 PM
#46:


this clip

who gets the worst of it is the upper middle class

are you upper middle class?

THEN STOP LICKING THEIR BOOTS

https://youtu.be/JfwlLf6dRN4?t=596
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WingsOfGood
06/14/21 7:18:22 PM
#47:


Crescente posted...
he donated 10 billion to support education and fight climate change though.

link plz

google says most Elon donated was 150 mil
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ROOTFayth
06/14/21 7:21:09 PM
#48:


WingsOfGood posted...
this clip

who gets the worst of it is the upper middle class

are you upper middle class?

THEN STOP LICKING THEIR BOOTS

https://youtu.be/JfwlLf6dRN4?t=596
no idea what upper middle class is, I don't give much of a fuck regardless though

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Smashingpmkns
06/14/21 7:21:51 PM
#49:


Billionaire philanthropy isn't a substitute for taxes. And liquidity really doesn't matter when securities-based loans (and the loopholes that accompany it) exist.
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WingsOfGood
06/14/21 7:22:24 PM
#50:


ROOTFayth posted...
no idea what upper middle class is, I don't give much of a fuck regardless though

means you aren't making minimum wage and probably have a college degree job or the small business owner you talked about above
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