Tonight's Presidential Debate
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Very misleading. Berkshire Hathaway paid $8 billion in taxes. When you buy and sell stocks there is a capital gain tax that must be paid, so every person who owns the stock paid a portion of this tax, but in total it was $8 billion.
Amazon.com paid $2.1 billion in the US, they pay taxes in other countries as well.
Now Tesla did not pay any tax on income of $96 billion in 2018. Why? I don't know but I suspect they bought a whole lot of equipment that they were able to write off for depreciation. That law is favorable to domestic manufacturing and encourages companies to invest in new equipment. So even though they did not pay taxes you should also look at all their suppliers. Did they pay taxes? Also Tesla employs 121,000 people, did they pay taxes?
I am all for billionaires paying their fair share, but the word fair means everyone is treated the same. If Warren Buffet is trying to minimize the tax burden on his fund that benefits everyone investing in his fund fairly. He has long term investments so when he sells he gets the lower long term capital gains tax, and only when he sells. These laws encourage investors to invest. That is why capitalism works because money flows quickly to reward the winners and punish the losers. All that money they invest is being used by businesses to employ others and to keep their businesses competing with the rest of the world.
Ask yourself what "loophole" are these billionaires using to lower their tax rate? The write offs they have are available to everyone. Most of them do not take a salary which would be taxed at a higher rate, they profit when the stock goes up. As a rule investors want the CEO to profit when the stock goes up and to lose when the stock goes down.
One way they can cut their taxes is by taking a capital loss on a stock trade and carrying that forward to the next year. By law you can carry forward capital losses indefinitely. Perhaps they took big losses in 2008 and 2015 that they are still carrying forward. Again, this is fair, all investors get to do this.
Do not try to twist this as a defense of billionaires. I have no idea what their tax return looked like, or how they are able to pay such low taxes. What I do know is that simply looking at this one number does not fairly tell us anything.
Amazon.com paid $2.1 billion in the US, they pay taxes in other countries as well.
Now Tesla did not pay any tax on income of $96 billion in 2018. Why? I don't know but I suspect they bought a whole lot of equipment that they were able to write off for depreciation. That law is favorable to domestic manufacturing and encourages companies to invest in new equipment. So even though they did not pay taxes you should also look at all their suppliers. Did they pay taxes? Also Tesla employs 121,000 people, did they pay taxes?
I am all for billionaires paying their fair share, but the word fair means everyone is treated the same. If Warren Buffet is trying to minimize the tax burden on his fund that benefits everyone investing in his fund fairly. He has long term investments so when he sells he gets the lower long term capital gains tax, and only when he sells. These laws encourage investors to invest. That is why capitalism works because money flows quickly to reward the winners and punish the losers. All that money they invest is being used by businesses to employ others and to keep their businesses competing with the rest of the world.
Ask yourself what "loophole" are these billionaires using to lower their tax rate? The write offs they have are available to everyone. Most of them do not take a salary which would be taxed at a higher rate, they profit when the stock goes up. As a rule investors want the CEO to profit when the stock goes up and to lose when the stock goes down.
One way they can cut their taxes is by taking a capital loss on a stock trade and carrying that forward to the next year. By law you can carry forward capital losses indefinitely. Perhaps they took big losses in 2008 and 2015 that they are still carrying forward. Again, this is fair, all investors get to do this.
Do not try to twist this as a defense of billionaires. I have no idea what their tax return looked like, or how they are able to pay such low taxes. What I do know is that simply looking at this one number does not fairly tell us anything.
Yes, just like Jesus took the talent from the guy who buried it in the backyard and gave it to the guy who had ten talents.
I remember the guy who created Walmart driving around in a pickup 20 years old with his dog in the back and still eating at the same diner. Yes the system favors him building up the biggest retail store in his sixties.
But complaining about it sounds like the guy complaining to the Lord that He is an austere man. Jesus called that man wicked and slothful. He wasn't simply lazy but tried to justify his laziness by complaining about those who were not lazy.
I remember the guy who created Walmart driving around in a pickup 20 years old with his dog in the back and still eating at the same diner. Yes the system favors him building up the biggest retail store in his sixties.
But complaining about it sounds like the guy complaining to the Lord that He is an austere man. Jesus called that man wicked and slothful. He wasn't simply lazy but tried to justify his laziness by complaining about those who were not lazy.
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On the tax issue, it's not even so much a matter of taxing the rich or any of that. It's look what they are spending those taxes on. They're spending them to give foreign invaders 5 star treatment while the American citizen suffers. So not only are your sons being supplanted openly by the foreigners, but their shameful parents with their shameful ideology-religion are even rewarding the invaders for it. It's insult on top of injury. The curse couldn't be more clear.
https://www.youtube.com/shorts/udcTq2khbdE
https://www.youtube.com/shorts/udcTq2khbdE
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There is WAY more going on there than that.
Furthermore, one MUST aggregate all three parables, and mark off the key features before you can rightly understand them.
Those parables, like everything else Jesus God says, are loaded with profundity.
Another thing......those parables are limited to Israel and the end times. If you did not know.
Furthermore, one MUST aggregate all three parables, and mark off the key features before you can rightly understand them.
Those parables, like everything else Jesus God says, are loaded with profundity.
Another thing......those parables are limited to Israel and the end times. If you did not know.
She's worse than a prostitute, she is an absolute sexual predator just like him. Homewrecker Harris only goes after married men, you ever notice that? Heck she was even giving Trump the eye during the debate! It's not just that she lays on her back to get ahead, she purposefully wrecks families and then tries to act like this is acceptable.
I am not concerned with those who are following the laws, doing business, employing thousands, and providing needed services.
What I want to know is why those who commit fraud are not prosecuted. FTX is an example, yes they put the CEO in prison, but what about all the political campaigns they funded with that money laundering scheme paying back the money? When will that happen?
Finally we are prosecuting Hunter Biden for tax fraud, about time. But what about prosecuting the Biden family for taking bribes from foreign entities? Why do they all still have the property they bought with these bribes?
What about Hillary Clintons illicit "charity" that raked in tens of millions when she was Secretary of State but got zip once she left office. It was very obviously a pay to play scheme, her server that she destroyed was a very clear violation of US law, how has she not been prosecuted yet?
If the law is messed up that is the fault of the Congressmen and Senators that passed it. If they passed it because of bribes from billionaires that is bad for the billionaires, by all means prosecute them but even more prosecute the elected officials selling out the country for bribes.
What I want to know is why those who commit fraud are not prosecuted. FTX is an example, yes they put the CEO in prison, but what about all the political campaigns they funded with that money laundering scheme paying back the money? When will that happen?
Finally we are prosecuting Hunter Biden for tax fraud, about time. But what about prosecuting the Biden family for taking bribes from foreign entities? Why do they all still have the property they bought with these bribes?
What about Hillary Clintons illicit "charity" that raked in tens of millions when she was Secretary of State but got zip once she left office. It was very obviously a pay to play scheme, her server that she destroyed was a very clear violation of US law, how has she not been prosecuted yet?
If the law is messed up that is the fault of the Congressmen and Senators that passed it. If they passed it because of bribes from billionaires that is bad for the billionaires, by all means prosecute them but even more prosecute the elected officials selling out the country for bribes.
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