Eesh. Welcome to 2020. I like how Peter Thiel rolls better. No loans to pay back. This is not our first rodeo cowboy. @Sunburnt Indian Sunny, want to clue him in?? 🤣
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Biden Solves High Gas Prices
- Thread starter BSC911
- Start date
Understand what you are saying but this tells essentially the same story just goes about it a different way…
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
It's behind a paywall. I wouldn't give that rag one red cent. Elon Musk just sold billions of dollars worth of Tesla just to shove his foot up Elizabeth Warren's ass. He doesn't care about paying taxes. Reminds of that old movie with Richard Pryor, "Brewster's Millions". 🤣
Try this link….
NY Times Link-Share
Also, apparently Elon Musk sold those shares because of this:
The real reason is because Musk is just months out from a deadline to exercise the stock options he received years ago. If he doesn't use them, he loses them. And if he does exercise his shares, he's going to face a monster tax bill between nearly $11 billion to as much as $16 billion at current share prices.
Once he exercises, however, those shares would be treated as regular income subject to income tax, said Mark Luscombe, principal federal tax analyst for Wolters Kluwer Tax & Accounting.
In most cases, options like these, which are based on hitting performance numbers, are taxable not as income but instead at the lower capital gains rate. But Musk would face the income tax rate because of a special rule: He owns more than 10% of Tesla's total shares.
They all care about paying Taxes!
NY Times Link-Share
Also, apparently Elon Musk sold those shares because of this:
The real reason is because Musk is just months out from a deadline to exercise the stock options he received years ago. If he doesn't use them, he loses them. And if he does exercise his shares, he's going to face a monster tax bill between nearly $11 billion to as much as $16 billion at current share prices.
Once he exercises, however, those shares would be treated as regular income subject to income tax, said Mark Luscombe, principal federal tax analyst for Wolters Kluwer Tax & Accounting.
In most cases, options like these, which are based on hitting performance numbers, are taxable not as income but instead at the lower capital gains rate. But Musk would face the income tax rate because of a special rule: He owns more than 10% of Tesla's total shares.
They all care about paying Taxes!
I remember him making that statement multiple times going back at least several months if not longer. I always considered it an unverifiable and improbable claim, so I just assumed it’s another avenue for him to troll; hence I never bothered to challenge him on it.
Exactly. Too bad these financially unsophisticated rubes don’t understand the difference between wealth and income.
It’s even a bigger difference for real estate investors. They don’t have to report their realized gains as long as they roll it over into another property. So they get to take all of the deductions while recognizing none of the gains. That’s why Trump never reports any income.
The game is rigged against people who have earned income.
I tend to ignore most of what he says here, cause everyone knows he's an awful troll. I mean he started a new troll thread this morning and it bombed on launch so badly that he's begging for replies. I swear we have the dumbest trolls on the internet.
That's okay I guess, since the Socialist Rat politicians and their IRS, don't seem to know the difference between taxable income and un-taxable working sovereign citizen's wages....
Yeah that was when Sen Warren made a fool out of herself and said he needed to pay more taxes, then called her Sen Karen and said he had just paid $11 Billion in taxes, a record amount for any American.
Good stuff, thanks for reminding me of Pocahontas getting embarrassed.
You don’t think it is convenient that he decides to start paying taxes now once they start talking about a wealth tax? Or maybe he might be scared he will owe more if they pass said tax? Look at what he paid in the past..
According to a ProPublica investigation published in June, Musk has paid little or no income tax in recent years. Between 2014 and 2018, the eccentric billionaire paid a total of $455 million in federal income taxes even as his personal wealth rose by more than $13 billion. In 2018, Musk paid no income taxes at all, according to the report.
why do you want to defend rich people paying no taxes? Forget Democrat or Republican, liberal or conservative.. how about we all just stop paying more than someone who makes more in a year than we do in a lifetime?
He hasn’t paid anything yet..plus it still didn’t fix the code itself which allows the majority of the 1% to skip out.
let’s at least align on fixing this and put our swords down long enough to get this one item done for the betterment of all.
You understand you're talking about 99% of the politicians in DC and 100% of your dems, right?
Let's start with figuring out how politicians can make $100k a year and yet are worth $10-100 Million. I find it fascinating for all the talk from the left about making sure that the 'rich pay their fair share', you guys never say a word about your politicians having far more wealth than a $100k a year salary allows for.
Some of those tax dodges are tied into incentives for the 1%'ers to do things that the Feds want them to do.
You can debate the merit of those incentives but it's complete nonsense to expect business leaders not to engage in behavior that the federal government is trying to incentivize them into.
LOL. The Feds? You should have said the Lobbyists. They are the ones who set tax policy.
Who do Lobbyist's lobby? I'm pretty sure that was the (obvious) point.
#stupidonpurpose
*tardedonpurpose FIFY
For the most part, lobbyists do not set tax policy. (but when they do, it is bribery and it answers the question of how poor public servants leave office rich) . Congress does. Congress makes tax law based on desired public policy, dangling the carrot in front of our noses to precipitate certain financial behaviors and spending habits.
Every once in a while, a shrewd politician comes along and does the opposite, punishes bad behavior. The Tax Cuts and Jobs Act of 2017 helped reduce federal income taxes for millions of middle classed Americans. And the awesomeness of it was pure genius. They capped state and local tax deductions to 10k while doubling the standard deduction. It penalized the rich and especially the rich in Bluetard states who have crippling state and local and city taxes. Get woke, go broke! Was quite the coup! The Dimtards in those states are still howling like a wounded buffalo. 😍
Feds? I don’t even know what that means.
Who are these Feds of which you speak? FBI? CIA? NSA?
#needtobemorespecific
You’re making a circular argument. The oil industry (or real estate or whatever) lobbies their congressmen to give them tax breaks, who then passes a tax shelter which said oil company then taKes advantage of. So is it the “Feds” who want the tax break or the oil companies? These “Feds“ only care about raising funds to get re-elected.
Or like Trump told all of his buddies at Mar a Lago, “I just gave you all a big tax break.”
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Feds = Federal Government...or Congress if you really needed that spelled out for you...which you absolutely did not. No one really thought I meant the FBI, CIA or the NSA. Not even you 😂.
I'm making the circular argument? You sure about that?
Read all this again starting with my post #298 where I said...
Some of those tax dodges are tied into incentives for the 1%'ers to do things that the Feds want them to do.
You can debate the merit of those incentives but it's complete nonsense to expect business leaders not to engage in behavior that the federal government is trying to incentivize them into.
Feel free to debate anything that I said...which may prove difficult as you said what I said...and then accused me of "circular logic." LO freaking L.
#stupidonpurpose
Gassed wife's Jeep today at the former Stripes, now 7-11. Regular up another 4 cents to $ 2.89 over yesterday. Is Brandon's hitting the reserve playing out?
I didn't receive a 7% pay raise in 2021 nor do I expect one this year.
I didn't receive a 7% pay raise in 2021 nor do I expect one this year.
Sorry Sunny. But I'm not going to be able to explain to you how your raise doesn't even get your head above water in CFA's Roaring Brandon Economy. His sleight of hand .Gov charts, publications, and witchcraft will have to suffice. 🤣
White House Helpless As Oil Prices Climb Higher
Poor BScuck . Bless his heart.When President Joe Biden announced plans to release up to 50 million barrels of oil from the strategic petroleum reserve to lower retail fuel prices, many analysts warned that any effect this move would have would be short-lived. Indeed, prices dropped for a very short while and are now on the climb again, with the number of three-digit price forecasts growing.
White House Helpless As Oil Prices Climb Higher
The White House is all out of moves following its SPR release flop, with many analysts predicting even higher oil prices this year
Bro, shut up, he works in the gas industry or farming, or real estate, or cars…
**** it, I can’t keep track now 😂😂😂
He truly is the Dos Equis guy of the board 😂😂😂
Yes, I’m sure. as I explained, Congress only passes tax legislation that the lobbyists push. So the 1%ers/business leaders are taking advantage of incentives that they themself are pushing. Of course they are.
That’s why it’s a circular argument. Do I need to spell it out again?
Dude, you claim you haven’t worked in decades. Why should you get a raise.
Just collect your government check that I help provide and quit your complaining.
Sometimes, perhaps most times, it's what the lobbyists push for. Sometimes it's a meddlesome fed (and not just congress this time) for things like research into renewable energy. Either way, what's your point?
Do you want to get rid of or heavily restrict lobbyists? I'm all for it. Good luck...with either side of the aisle.
So much for Biden solving high gas prices.....
www.cnn.com
Gas prices are in the danger zone. Biden can't do much about it
President Joe Biden's 2022 is off to a dreadful start. Prices at the pump could make it even worse.
www.cnn.com
I'll waste another few seconds.
I own a small business. You've never heard me tell nail of Weatherford projects? Reading comprehension fails you again.
To be fair, Hiden can't do much good about it. He can continue to drive prices up though.So much for Biden solving high gas prices.....
Gas prices are in the danger zone. Biden can't do much about it
President Joe Biden's 2022 is off to a dreadful start. Prices at the pump could make it even worse.
But hey, no mean tweets!
Oil Prices Expected To Soar In 2022
Oil Prices Expected To Soar In 2022
Oil prices will hit $100 per barrel in 2022, according to Goldman Sachs. In a recent note, the investment bank pointed to “robust fundamentals” in the oil market and a “surprisingly large” oil supply deficit, according to a report from CNN Business. Nevertheless, Goldman Sachs pointed to a...
Yep, that’s the latest. Apparently OPEC is having trouble increasing production to meet rising demand. Depends on weather we finally get past Covid.
Oil Prices Expected To Soar In 2022
Oil Prices Expected To Soar In 2022
Oil prices will hit $100 per barrel in 2022, according to Goldman Sachs. In a recent note, the investment bank pointed to “robust fundamentals” in the oil market and a “surprisingly large” oil supply deficit, according to a report from CNN Business. Nevertheless, Goldman Sachs pointed to a...www.dailywire.com
Great news for US oil and gas companies!
Nope, I usually just ignore your lame posts, other than to mock your fake Mensa claims.
I don’t really care about your personal life.
Just saw a Goldman report forecasting oil to hit $100 next year. Chaching!So much for Biden solving high gas prices.....
Gas prices are in the danger zone. Biden can't do much about it
President Joe Biden's 2022 is off to a dreadful start. Prices at the pump could make it even worse.
What does weather have to do with this? Too cold to pump oil or too many common colds?
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