Politics Thread

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Originally Posted by paulxu

https://cdn.bsky.app/img/feed_thumbn...q3y2prttq@jpeg

Tesla paid $0 in federal income tax last year.

2022: $0
2021: $0
2020: $0
2019: $0
2018: $0

Tesla reported $6.7 billion in profit in those years.

Suckers.

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Paul, this woman stole your post. You should sue her for copyright infringement.

https://x.com/DarrigoMelanie/status/1888361435643646452

Personal pet peeve of mine. “Loop hole” implies something nefarious or underhanded. It just means they took advantage of the tax law as written by Congress. Nothing wrong with that.


Sent from my iPhone using Tapatalk

Quote:

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Originally Posted by paulxu

Anybody who would provoke a riot that took over the United States Capitol, and stole state secrets, refusing to return them...should have their security clearance revoked.

That's just common sense; sometimes sadly lacking here.

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If you truly believe those that happened, you are a blatant, brainwashed, bonehead.

I do believe that you believe that happened.

Quote:

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Originally Posted by paulxu

https://cdn.bsky.app/img/feed_thumbn...q3y2prttq@jpeg

Tesla paid $0 in federal income tax last year.

2022: $0
2021: $0
2020: $0
2019: $0
2018: $0

Tesla reported $6.7 billion in profit in those years.

Suckers.

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The funniest thing is you don't even realize your stolen post from Melanie D'Arrigo' X account fully supports Elon's position.

Melanie is also too stupid to realize it.

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Originally Posted by Muskie in dayton

The funniest thing is you don't even realize your stolen post from Melanie D'Arrigo' X account fully supports Elon's position.

Melanie is also too stupid to realize it.

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Elon Musk has a net worth of around 400 billion and his companies pay no federal income tax? Seems like money that could be used to pay down this countries debt.

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Originally Posted by bjf123

Personal pet peeve of mine. “Loop hole” implies something nefarious or underhanded. It just means they took advantage of the tax law as written by Congress. Nothing wrong with that.

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The government makes certain things deductible to encourage spending on things they deem important to the benefit of the country as a whole (in theory). The fact that the company is spending so much money to the national benefit, that is completely overcomes it's tax obligation, should be a good thing. The money would otherwise go into the general fund to non-prefered expenditures.

Quote:

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Originally Posted by bjf123

Personal pet peeve of mine. “Loop hole” implies something nefarious or underhanded. It just means they took advantage of the tax law as written by Congress. Nothing wrong with that.


Sent from my iPhone using Tapatalk

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Yikes. Sorry I forgot to post the link to the source.
And you are correct sir. There is nothing wrong about utilizing the law as written in doing your taxes.

But if you're Elon Musk...and you are COMPLAINING about loopholes...well, I trust you can see the problem there.

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Originally Posted by Muskie in dayton

If you truly believe those that happened, you are a blatant, brainwashed, bonehead.

I do believe that you believe that happened.

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So you don't believe he took top secret documents to Mar-a-Lago and refused to return them when given a subpoena, necessitating a search warrant to retrieve them?
Were you out of the country when all that happened?

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Originally Posted by xuphan

Elon Musk has a net worth of around 400 billion and his companies pay no federal income tax? Seems like money that could be used to pay down this countries debt.

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Assets vs. income.

Are you saying the Gov’t should seize the assets of select people for the “common good”?

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Originally Posted by Strange Brew

Assets vs. income.

Are you saying the Gov’t should seize the assets of select people for the “common good”?

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I remember an article a number of years ago by an economist at either George Mason or George Washington University who ran the numbers on wealth tax. I don’t remember the exact figures, but it was something like if the government took the wealth of all the billionaires and taxed all income over $500,000 at 100%, it only funded the government for less than 6 months. We have a spending problem, not a revenue problem.