I think they can pay a lower rate than most of us and make use of various schemes, but they should be exposed. Did Trump ever publish his tax details? I suspect he will do deals for his rich friends and Musk will control the data. They are not working for normal folk.
Yes, a lot of billionaires don't pay personal income taxes, however, their businesses likely pay hundreds of millions, if not billions in Federal, State, and Local Taxes.
I expect they play the system to minimise what they pay in ways that regular folk can't. They can still live really well if they pay what is due. I've heard some say they would pay more as they want to live in a decent country.
I hope you get some sleep and some not so dark thoughts. Death is always a time for reflection I find. Luckily when my body needs sleep I sleep, that is the one advantage of not sleeping much with my arthritis. When I finally sleep there are no thoughts.
Taxes of course first, then you're allowed to die...
Billie Holiday was so awesome, and Frank with My Way... Great music!
Jason is new to me, but he is good. He has one seriously sweet guitar, the second I saw that I was jealous! Very good find, I'll be checking him out this week. Last one was good too, but many bands don't stick together. Just look at GNR...
Thinking of doing another Aussie band next week from the 80's, Icehouse. I've been on an Australian music kick lately!
Icehouse sounds familiar to me for sure. Another one I hadn't heard of before that I just learned about is Vandenburg. Good stuff there. Jason can absolutely shred. I was familiar with him before, but it wasn't until I saw him live that I realized just how talented he is. His bands cover of Honeysuckle Blue is one of my favorite tunes of his.
As a teenager, I worked with a Lady who was 80 years old, helping her around the house as she was in a wheelchair. She was pretty cool, and very bright. She had her funeral all played out, but wouldn't tell me about what it was, but always chuckled when we talked about it in our conversations about death. When the funeral started, I knew why - she had picked Vivaldi's "Spring" as opening. That wasn't all, she also had recorded one of her favorite poems with her own voice. I almost laughed out loud, but was able to restrain myself. Nobody else seemed to have found it ironic, which was very "her". Maybe nobody had had conversations about death with her, besides the inheritance.
On taxes: I only pay 2% of income tax plus 15% VAT on non-basic-need-goods. So I will never complain. My brother pays around 42% income and 19% VAT in Germany. I use that as a reference and try to put 40% of my income away for all the benefits that he has (health care etc.) and I don't.
The bracket I am in here in the US is right around 30% I think. That's pretty much the standard it seems. Of course you have variations based on income and dependents and things like that. That is a funny story about the lady. I don't think I will have anything that elaborate. My wife and I have started working on our estate planning, but we haven't gotten to the funeral plans piece yet. Hopefully we have some time!
Death and taxes.. fuck that..
Death to taxes..
#taxationistheft
Don't billionaires pay taxes too? If they don't then they should not get any respect. I know some say they are happy to pay more.
No, they get out of it somehow. Either that or they pay a lot less than the regular people do.
I think they can pay a lower rate than most of us and make use of various schemes, but they should be exposed. Did Trump ever publish his tax details? I suspect he will do deals for his rich friends and Musk will control the data. They are not working for normal folk.
No, I don't think he ever did. I kind of lost track of all that after a while. Which is probably what they were hoping would happen.
Yes, a lot of billionaires don't pay personal income taxes, however, their businesses likely pay hundreds of millions, if not billions in Federal, State, and Local Taxes.
All the Best, & God Bless.
I expect they play the system to minimise what they pay in ways that regular folk can't. They can still live really well if they pay what is due. I've heard some say they would pay more as they want to live in a decent country.
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I hope you get some sleep and some not so dark thoughts. Death is always a time for reflection I find. Luckily when my body needs sleep I sleep, that is the one advantage of not sleeping much with my arthritis. When I finally sleep there are no thoughts.
It has been an interesting day for sure. I hope I can get some sleep tonight, I am quite tired after today's events.
I hate filing my taxes. I get screwed every year being self employed. Uncle Sam can kiss my 🍑.
My friend feels the same way! I can sympathize!
Sorry for the loss Bozz
Thank you. It's been a weird week as my grandma put it.
Taxes of course first, then you're allowed to die...
Billie Holiday was so awesome, and Frank with My Way... Great music!
Jason is new to me, but he is good. He has one seriously sweet guitar, the second I saw that I was jealous! Very good find, I'll be checking him out this week. Last one was good too, but many bands don't stick together. Just look at GNR...
Thinking of doing another Aussie band next week from the 80's, Icehouse. I've been on an Australian music kick lately!
Icehouse sounds familiar to me for sure. Another one I hadn't heard of before that I just learned about is Vandenburg. Good stuff there. Jason can absolutely shred. I was familiar with him before, but it wasn't until I saw him live that I realized just how talented he is. His bands cover of Honeysuckle Blue is one of my favorite tunes of his.
As a teenager, I worked with a Lady who was 80 years old, helping her around the house as she was in a wheelchair. She was pretty cool, and very bright. She had her funeral all played out, but wouldn't tell me about what it was, but always chuckled when we talked about it in our conversations about death. When the funeral started, I knew why - she had picked Vivaldi's "Spring" as opening. That wasn't all, she also had recorded one of her favorite poems with her own voice. I almost laughed out loud, but was able to restrain myself. Nobody else seemed to have found it ironic, which was very "her". Maybe nobody had had conversations about death with her, besides the inheritance.
On taxes: I only pay 2% of income tax plus 15% VAT on non-basic-need-goods. So I will never complain. My brother pays around 42% income and 19% VAT in Germany. I use that as a reference and try to put 40% of my income away for all the benefits that he has (health care etc.) and I don't.
The bracket I am in here in the US is right around 30% I think. That's pretty much the standard it seems. Of course you have variations based on income and dependents and things like that. That is a funny story about the lady. I don't think I will have anything that elaborate. My wife and I have started working on our estate planning, but we haven't gotten to the funeral plans piece yet. Hopefully we have some time!
I hope the same for you, too! 😅