Hightower
Member
How accurately noticed and just exactly as it is.
MESO-Rx
Anabolic Steroids
Russia begins invasion of Ukraine
- Thread starter Fifap94
- Start date
A good example is elon musks recent sale of $8.4 billion in tesla stock. As part of his compensation he had an option to buy that stock at $6.40 a share. At the time of his purchase, it was valued at around $1000 a share. Sweet right. When he sold it he sold at $840 a share. As far as the IRS is concerned, they valued that stock at $1000 not what he paid which was $6.40 a share. In fact they see this as a loss since at the time he purchased the stock at $6.40 it was worth $1000, he has a tax right off. He dodged hundreds of millions in tax.
This is a perfect example of how they buy the people who right our tax laws and you get fucked up your ass.
There is a difference. See my above post and consider who made that obvious criminal activity perfectly legal.
Note that the information provided is from publications such as fortune and Barron's. In 2021 musk exercised options to buy 23 billion in stock at $6 a share that was valued at $1000. There was no tax due.
It is comforting though to know people like you are looking out for those who know how to avoid paying tax, when most have it taken out of every check or have no tax loopholes.
Bravo! Golf clap.
Last edited:
Sure you can get this money from the rich.
The problem is the government would turn around an spend it on things that do absolutely nothing for the average American.
The $33 billion for Ukraine, but a big chunk, $6 billion is going to be used to gain Afghans citizenship.
Or the average cost of an illegal immigrant is at $95K for the first year to this country if you add up all the assistance provided.
It's virtually endless the waste of money the government will go through and it will have nothing to show for other than going into the pockets of bureaucrats and the professionals that work for the government.
None of this produces wealth for the nation, it takes money and hands it over to a group of elites that feel entitled to their high salaries for the worthless services they provide.
You'd need an army of extremely conservative bean counters to keep track of government waste, otherwise it's just taxing the rich which I could care less and then handing it over to non-productive members of society.
Never mind. Who cares if the wealthy pay taxes. The middle class will make up the difference eventually.
The choice is those who enrich the most wealthy, who buy the way will cost you much more when the bill comes due, and those who want the working man to subsidize college tuition and who refuse to deal with the border.
Personally I'd rather put food on the table of the poor for pennies on the dollar when compared to the nearly 800 billion we spend making defense contractors rich.
You are correct. We waste trillions, but we vote for those who refuse to tax those who make the lions share of money in this country and those who want to spend money hand over fist.
Maybe this will change when the working man pays for elections through our tax dollars and not allow corporate America and the rich to buy politicians on the cheap when you consider how much they benifit subverting our system of government.
Last edited:
The top 25% of Americans account for 67% of consumer spending
Consumer spending is what drives this economy. Largely spending money they don't have on things they don't need.
I'm not sure what the answers are.
Obviously the economy is getting ready to tank, we've had artificially high stock prices for a long long time, millions of bullshit jobs created in the service sector which are totally unnecessary, especially in healthcare. Climbing prices for energy which increases costs, then you have low unemployment which seems out of touch with the the top consumers(25%) pulling back on their spending. Then you raise interests rates which will tank stocks down the road.
This seems like a disaster and perhaps capitalism has finally met its match when populations are too large, resources thin, labor costs climb the world over and we are importing far more than we can afford because are are like crackheads that can't seem to stop.
And of course we have perhaps the dumbest POTUS and VP in the history of this country. Matter of fact our government that used to have a mission to find capable men that have a proven track record, seems to be going out of its way to find low IQ, unaccomplished puppets that do as their Vanguard and BlackRock buddies tell them to do in order to buy up large chunks of this economy when retirement accounts come crashing down and people have to sell their homes for a can of baked beans.
Lets be honest, even if you handed Biden trillions, he just like the rest of them would funnel the money to sectors with lots of lobbyist and you'd have nothing to show for it.
I don't think spending money on education is a good idea, I think we need to outlaw loans for education and set up a system where you pay a percentage of your salary and if you don't graduate the school receives nothing. This would make it so only the top kids were admitted or those that had lots of money. One way or the other the business of higher education must be stopped.
Last edited:
Hightower
Member
Didn't quite understand what you meant?
Hightower
Member
I looked, and who do you think is interesting in the course of your thoughts.
Hightower
Member
And here I agree and understand the essence. With this I fully agree.
malfeasance
Member
I am not sure what that has to do with what I posted.
I was congratulating you on making enough money to retire early, in a country where most spend every penny and save and invest nothing, then blame the 1%.
Elon Musk does not determine my future, or yours.
malfeasance
Member
This is factually wrong.
Elon Musk WAS ALREADY TAXED on the price difference between $6.40 and $1000. His liability for 2021 was $11 billion.
So why do you think he should be taxed AGAIN when he sells them?
The actual value was $1000. He paid $6.40. The difference was taxable. He paid the tax already (again, $11 billion).
So, no, when he now sells them below the $1000 value (the new tax basis after paying taxes), he does not owe taxes a second time. Why should he? If he sold them for MORE than $1000, then he would owe more tax.
Did you know all this and leave it out of your description to fool the rest of us, or did you really not understand the entire tax picture and were just being honest in missing the real tax situation?
By the way, Barrons reported this, and you mentioned Barrons, so it was in an article you read, but you simply read past it, or, perhaps, chose not to share that part with everybody here at Meso because pointing out that Musk paid $11 billion in taxes does not fit your theme about the rich buying politicians and subverting the tax system to benefit themselves.
$11 billion is the highest tax ever paid by an individual American ever in history.
I sure hope this was an honest mistake on your part.
I actually called my accountant over this. The difference in the strike price and the actual value is taxable. I stand corrected.
My apologies. It was an error on my part not an intentional attempt to mislead anyone.
malfeasance
Member
Wow.
That is NOT how you are supposed to act on Meso. You are supposed to call me names and say I am stupid.
That is NOT how you are supposed to act on Meso. You are supposed to call me names and say I am stupid.
I'd rather eat crow. I'm not dishonest just mistaken. You showed me I was wrong and I confirmed it.
Hightower
Member
Excellent and detailed description. Thanks, everything is in place now. And really huge taxes.
And that $11 billion will be flushed down the toilet as fast as possible.
We've got a long line of grifters working for the government that create scams programs that are supposed to help Americans and then they run off with the money.
$11 billion would build 550 miles of a border wall when we really need it.
We've got a long line of grifters working for the government that create scams programs that are supposed to help Americans and then they run off with the money.
$11 billion would build 550 miles of a border wall when we really need it.
Hightower
Member
Do we need this scene or is it just another money laundering scam?
