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[–]Jesus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (23 children)

/u/casparvoneverec Apart from Musk testing on animals for stupid shit like neurolink and him being a subsidie welfare queen who pays a mere 4% of taxes as opposed to a white working class man paying 20-30% who earns mere crumbs , is not a person one should look up to... plus his former communsit girlfriend.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (22 children)

Elon will pay more tax than any human in history next year

[–]FrenologistSaving the World 1 Cranial Exam at a Time 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (14 children)

Elon paying taxes means literally nothing. Do you think that taxation is needed? How much debt does the USA carry? What do the Treasury and Central Bank do when they need more money? They print it and use quantitative easing. At this point, taxation is irrelevant with regard to funding the country. Modern taxation is a carrot/stick or punishment for political reasons.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (12 children)

I was combatting the misinformation by that guy saying Elon pays no tax.

I was not making a value judgement on paying tax. Fuck tax

[–]FrenologistSaving the World 1 Cranial Exam at a Time 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (11 children)

The way I see it, the argument (((they))) want us to be having, is an argument about the rich not paying enough in taxes when our focus should be on taxation in general and how it's theft/political punishment. I completely agree that the rich don't pay their fair share of taxes but, these days taxation is meaningless with regard to funding the country. The banks, Fed and Treasury create more money out of thin-air--way more than the government could ever collect via taxation--and for that reason taxation has become a carrot/stick to prod voters into voting a specific way.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (9 children)

We are in complete agreement. Any discussion of raising taxes on said demographic is an attempt to weaponise the state against said group NOT an attempt at funding the government. The government cannot be funded at these spending levels so until people start talking about lowering spending then any budget conversation is dishonest

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

The government is gubenmemt, govnor! US corp., is NOT a government. It is a self-funding corporation. Tax the billionaires as a percentage of income and capital gains tax as percentage of middle class working men and women income tax. Have strong regulators and a Swiss/Feder democratic process representing all sectors of society to vet what pooled tax is used for in regards to benefits, welfare, public works, Infrastructure, ect. Only at the cost that said taxes will never become a burden.

Since, the US was ingeniously chartered as a self-funding corporation (for them), issue US bank notes into local economies and build public banks allowing low interest credit for farmers with little capital.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

It's impossible to tax unrealized gains. You don't know what you're talking about.

Joke's on you LTCG is already taxed at middle class income rates. 23.8%

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

No, it's not.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Understanding the net investment income tax. In addition to the capital gains tax rates listed above, some high-net-worth individuals also have to worry about the net investment income tax. The net investment income tax is an additional 3.8% tax that helps fund the Affordable Care Act and applies to any income from investments, provided you make over $200,000 as a single filer or $250,000 if married filing jointly. In effect, this added tax on your capital gains income raises each capital gains tax rate by 3.8%. For long-term capital gains, the maximum tax rate becomes 23.8% as opposed to 20%. Additionally, for short-term capital gains, the maximum federal income tax rate becomes 40.8% rather than 37%.

https://www.millionacres.com/taxes/capital-gains/how-much-is-capital-gains-tax/

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The budget is a lie. A scam that any learned person would understand if they read the original US Inc. charter documents.

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Dude, it's not theft. Is it your money? Is that your face on it? You are free to stop using their money (credit) and make your own bank and money and use it for trading among your community. Not illegal.

First step is to stop contracting with US corp. Relinquish all tacit contracts.

They make the rules, stop using their stuff. Who has forgotten the old timers, autonomous men, who built their own houss and used their own local money.

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The debt is a fraud, correct. US cannot be in debt to itself when it is a self-funding corporation ala charter corporation (republic). Why then are taxes such a burden for the lower classes... you figured it out... punishment and the very rich rule.

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

More taxes means what? Sure the aggregate will be more but based on % of income, that 4% is patently ridiculous considering a hard-working middle class man pays 20-30% and earns far, far, far less in a lifetime than Musk will "earn" in a few months.

Hey, if you don't want to pay taxes... maybe stop contracting with US corp.

[–]FrenologistSaving the World 1 Cranial Exam at a Time 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Jesus, I'm glad to see you posting on DAR again.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (4 children)

Elon has stated in many intervoews he pays >50% tax on his income. You're uneducated

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I'm familiar with these BS articles that falsly claim unrealized capital gains are income

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

https://propublica.s3.us-east-1.amazonaws.com/projects/wealth/waffle%20charts/waffle_CMS/elon_musk_waffle_craft_0607.png

Elon Musk

Tesla Inc.

2014–2018 Wealth Growth:

$13.9B Total Income Reported:

$1.52B (10.94% of wealth)

Total Taxes Paid:

$455M (3.27% of wealth)

Hence, why we need a capital gains tax to stop mammon worshipers.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I've already explained this. Wealth growth is not income. Also it's very funny your data cuts off in 2018 before TSLA turned a profit