Hey dummy shithead scum bucket, the rest of us have figured this shit out a long time ago, and even lots of us have money set aside automatically to ensure we have the money when tax day arrives. For those who need help, we hire a accountant, though yes some do turn to internet postings on advice, but your tweet is insulting to every tax payer in the US, you fucken shithead scum bucket, if you can afford to launch your used car into solar orbit in one breath then the deny helping out starving people because you say that your money can’t be used to actually help them,(WTF) , figure it out for yourself and pay your fair share.
Care to rephrase your rantings to include some context, and possible some clues that you have a basic understanding of what Musk is trying to do?
I think I agree with you here, but it’s hard to say for sure.
While I think all super rich should pay their fair share, I’m going to defend him a bit.
I am now able to get true broadband due to Starlink. AND it’s saving me money over the poor satellite systems I had.
Millions, perhaps billions may also soon be able to as well. Can you imagine what a benefit this will be to remote communities and entire countries? Or remote research teams?
Things like Starlink are going to have a huge social, economical and environmental impact. I drive about half as much as I use to because I can work from home. There are a lot of unknowns in all of the above.
Tesla has got many car companies to say “Uh Oh” And get on board with fully electric vehicles.
While I think he and the super rich should pony up more for sure (looking at you Donald J Trump) Musk is quite a visionary.
I agree that Musk is a visionary, and that his endeavors have huge positive implications. And I applaud him for that. But the IRS has never asked how much our work has benefited anyone else, or humanity in general. All they care about is how much we make.
Rant fail. Would it kill you to specify what you’re talking about?
I’m fairly sure, although not certain, that the OP is referring to this.
Any reason he can’t decide for himself if he should sell it? OP, if this is what you’re talking about, tell me about it.
Maybe blame the writers of the tax code and not those that take advantage of it.
Anyone ever take the mortgage interest deduction or exemption for your dependents or head of household bracket rather than filing single? Then you didn’t pay your fair share and you are a dummy shithead scum bucket according to the OP.
Oh, is this thread about tax cheats? Fuck tax cheats.
@Saint_Cad , you do know that this is a democracy, right? And that we the people are therefore capable of (indirectly) changing the law? And that it therefore makes sense for us to discuss what the laws ought to be?
Absolutely! My point is don’t blame the people that follow the law for following the law to their advantage (like the OP did).
People lobby for specific provisions in the tax code so they can take advantage of those provisions - the same people who write the provisions in the tax code are the ones taking advantage of them.
People who own lots of stock or are compensated for their labor in stock put provisions in the tax code to treat stock differently from “earned income” for example.
My rant is right in the fucking title: figure out for yourself HOW to pay your damn taxes.
You’re missing the whole point don’t you.
If you are taxed on wealth and don’t have the cash to pay taxes (theoretically not an issue on income tax) then does the guv’ment expect you to sell your asset to pay the tax on it?
Let’s say you get taxed on the equity in your house. Let’s call it 20% on $200K of your wealth. How are you going to pay the $40,000 tax?
He doesn’t HAVE any taxes, dumbass. He’s asking if he should sell of a chunk of Tesla to generate a tax bill, in order to generate a larger discussion on the functions/benefits of wealth hoarding and the deleterious effects of a wealth tax. If he gets some idiots to learn about the difference between income tax and capital gains tax, it might actually be a worthwhile endeavor.
There’s nothing to “get.” Yes, of course you’d have to sell your property if you don’t have the money to pay your taxes. So what? That’s a decision you can make with your accountant. And, as you say, it’s something we’d all have to do if we don’t keep enough cash to pay our taxes.
Instead, he’s disingenuously asking on Twitter as a way to argue against paying his fair share. He’s trying to scare investors into not approving of the tax.
And, no, I’m not going to blame some inanimate object for what billionaires lobby to be able to do. They are the reason the tax code is like this. And Musk is actively lobbying to keep it that way with his disingenuous tweets.
I’m taxed on the value of my house, whose supposed value has multiplied by 10 over the years. How am I supposed to pay the property tax? Sell my Tesla stock? Oops, I forgot to buy any.
How much is property tax .005% or something? It’s hardly comparable.
What are the current tax rules in the US and what is the proposed change? If they really are intending to tax people on unrealised capital gains, then that is stupid. Paying tax on shares in lieu of income is a reasonable discussion to have though. I was recently “gifted” $1000 in shares by my old employer. In order to comply with our (New Zealand) tax rules, they paid tax on my behalf. So I received a payslip with $1117 income made up of $1000 in shares and $117 “gross up”, the extra $117 was paid to the government as tax.
Do you have any evidence that he’s being disingenuous, or are you blindly attributing it to him because of your prejudice against rich people?
Try 0.93%. It’s a far greater percentage of my earnings than Musk’s is of his.