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Smoking Guns
 Rep: 329 

Re: Current Events Thread

Smoking Guns wrote:
misterID wrote:

The wealthy pay an income tax, so you can get that if you only count that. But the majority of Americans (the workers) pay a payroll tax, which the wealthy don't, and is what the majority of SS and Medicare are paid with.

Isn't Bezos *official* salary like 40 grand a year?

Nobody pays any payroll tax after the first $112,000 or something around there. But if Bezos is paying 36% on his other income that is billions per year. Not sure what he pays but I doubt it is zero like the media likes to make it out as.

Smoking Guns
 Rep: 329 

Re: Current Events Thread

Smoking Guns wrote:
misterID wrote:

The wealthy pay an income tax, so you can get that if you only count that. But the majority of Americans (the workers) pay a payroll tax, which the wealthy don't, and is what the majority of SS and Medicare are paid with.

Isn't Bezos *official* salary like 40 grand a year?


https://finance.yahoo.com/news/5-mind-b … 04262.html

Some info..

Smoking Guns
 Rep: 329 

Re: Current Events Thread

Smoking Guns wrote:

Looks like Flag and ID or correct…

https://www.seattletimes.com/business/i … ome-taxes/

Very good read. So their trick is, don’t sell the stock just leverage the stock by taking out loans against it and the loans are not income. Hmm

Randall Flagg
 Rep: 130 

Re: Current Events Thread

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mitchejw
 Rep: 128 

Re: Current Events Thread

mitchejw wrote:

Another way to get around personal income tax ax is to buy things under the company…these things become tax write offs for you personally.

‘Job creators’ play by a completely different set of rules. The government will subsidies you on your personal income tax when your business loses money.

misterID
 Rep: 469 

Re: Current Events Thread

misterID wrote:

Matthew Yglesias
@mattyglesias

Paid leave is very good, but the actual paid leave proposal that Richard Neal wrote was pretty rotten and cutting it makes a lot of sense.
Matthew Yglesias
@mattyglesias

It’s easy to write a technically sound, humane paid leave plan — but it would involve a broad-based payroll tax increase of the sort that all kinds of Democrats (and most voters) shy away from.

At the end of the day, that’s the core issue.

@mattyglesias
You can make lots of positive changes that impact people’s lives in good way without raising middle class taxes.

But you cannot build a European-style comprehensive welfare state or any of its main pillars.

mitchejw
 Rep: 128 

Re: Current Events Thread

mitchejw wrote:
misterID wrote:

Matthew Yglesias
@mattyglesias

Paid leave is very good, but the actual paid leave proposal that Richard Neal wrote was pretty rotten and cutting it makes a lot of sense.
Matthew Yglesias
@mattyglesias

It’s easy to write a technically sound, humane paid leave plan — but it would involve a broad-based payroll tax increase of the sort that all kinds of Democrats (and most voters) shy away from.

At the end of the day, that’s the core issue.

@mattyglesias
You can make lots of positive changes that impact people’s lives in good way without raising middle class taxes.

But you cannot build a European-style comprehensive welfare state or any of its main pillars.

Who the fuck is Matthew Yglasias?

Randall Flagg
 Rep: 130 

Re: Current Events Thread

Harvard educated journalist who was previously the editor of Vox, and the Atlantic and Slate before that.

I know it’s not a business insider story you posted but ignored any discussion on.  But Google is your friend.

Randall Flagg
 Rep: 130 

Re: Current Events Thread

So will Pelosi refuse to even take the bipartisan infrastructure bill up for a vote?  Tuesday’s Governor race in Virginia is the first bell weather test of 2022. Odds Manchin declares himself an independent (while caucusing with the Dems) before next November?

mitchejw
 Rep: 128 

Re: Current Events Thread

mitchejw wrote:
Randall Flagg wrote:

Harvard educated journalist who was previously the editor of Vox, and the Atlantic and Slate before that.

I know it’s not a business insider story you posted but ignored any discussion on.  But Google is your friend.

Just not sure why I should care what this guy says....

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