Alt Tech
- Thread starter Jetflag
- Start date
- Jul 17, 2020
- 3,097 Posts
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Elon musk is required to pay tax over his personal wealth, not the profit from his company, who's invested back into it/payed back to share holders. Its not his money. Thats not a "tax" loophole. A tax loophole is when you "officially" have your business on the caymans, And this year he pays billions via his own share sells.
So for a lying corrupt politician like Warren to then complain about "not paying enough tax" whilst she and her taxpayer money funded millionaire new york mansion literally are completely exempt from all taxes is the absolute height of Hypocrisy.
Musk is a major asset to humanity and earth through sheer hard work. Warren is a political Karen whining about not being given enough whilst bathing in luxury.
Elon paid 455 million in taxes in 4 years. That is an absurd amount, How much did pelosi pay?
brandonl
Senior Member
Elon Musk explains his extremely low tax rate
- Elon Musk paid less than $70,000 in federal income taxes between 2015 and 2017, and he did not pay anything in 2018, according to recent reports.
- He did pay his taxes in 2016 by exercising more than $1 billion in stock options.
- He lives off loans made from his stock options, meaning he doesn’t take a salary from his company.
Elon Musk's wealth grew by $14 billion from 2014 to 2018, but he only paid $455 million in taxes, according to a new report
If wealth gains were taxed like income, Musk's tax rate would amount to a little over 3%, according to secret IRS files obtained by ProPublica.
www.businessinsider.com
455 million is a lot of money
- Jul 17, 2020
- 3,097 Posts
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No amount is ever enough for a social engineer who thinks she can spend/ invest that better then the entrepeneur who literally revolutionized the electric car industry and re kickstarted space exploration
Elon Musk's wealth grew by $14 billion from 2014 to 2018, but he only paid $455 million in taxes, according to a new report
If wealth gains were taxed like income, Musk's tax rate would amount to a little over 3%, according to secret IRS files obtained by ProPublica.
455 million is a lot of money
They never seem worried about their trillion dollar spending. Elon put it perfectly by saying, you can whipe out every billionaire on earth and still not pay off the usa debt.
Id love to see pelosi pay more than $400 for insider trading. I bet they set the fine amount themselves.
- Jul 17, 2020
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We're debating what an incredible Karen mrs Warren is given how she pays 0
Ohh Mrs. "I checked the box that I'm a native American and got into Harvard Law"
At this point I feel like focusing on Musk is just not productive. If US liberals/dems want to be outraged, they should look at the corporations reporting record profits but whose workforce relies heavily on food stamps (ex. Walmart, McDonald's). The US people are effectively subsidizing those corporations.
- Jul 17, 2020
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correct, Say about musk what you will but afiak he treats his employees with dignity and proper salaries.
same can't be said about Bezos's work force.
With Musk now owning twitter, could twitter now be considered "alt tech"?
Also, definitely looking forward to Kanye owning Parler, if that ever happens
Also, definitely looking forward to Kanye owning Parler, if that ever happens
- Jul 17, 2020
- 3,097 Posts
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I don't think just yet, but I did thought this to be an interresting take actually.
With facebook crashing and Twitter (hopefully) following, The social media landscape and market might again be opened up once more consisting of multible "forums" , instead of one or two monopoly giants and the rest residing in defacto obscurity.
That's up to capitalism. We've collectively decided that places with unrestricted free speech are not worth monetizing, or even keeping in the clearnet (see: 8chan)
- Jul 17, 2020
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well yes and no.
They're not worth advertising on, however Gab and 4 chan are actually doing pretty well in terms of revenue with 4 million users and their own (non-big-tech) monopolized infrastructure.
I for one expect to see a multitude of these "social networks" popping up in the time to come.
They're not worth advertising on, however Gab and 4 chan are actually doing pretty well in terms of revenue with 4 million users and their own (non-big-tech) monopolized infrastructure.
I for one expect to see a multitude of these "social networks" popping up in the time to come.
- Jul 17, 2020
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@dmgtz96
tech.co
They have to be kidding right? Mastodon. a decentralized federated platform, basically a way to host yourself, is the friendlier /free speech restricted alternative in the minds of the twitter immigrants?
Mastodon, Tumblr and Others See User Counts Explode After Twitter Exodus
A huge number of users have deactivated their Twitter accounts since Musk bought the platform - but many others have joined up.
tech.co
They have to be kidding right? Mastodon. a decentralized federated platform, basically a way to host yourself, is the friendlier /free speech restricted alternative in the minds of the twitter immigrants?
Julian Del Agranda
Elite Member
- Jul 3, 2020
- 1,725 Posts
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Blehh, that whole free speech thing. Way too many people think their more often than not stupid opinion matters.
yeah that makes no sense, someone fed up with the nonsense happening at twitter would just... stay out of social media like twitter@dmgtz96
Mastodon, Tumblr and Others See User Counts Explode After Twitter Exodus
A huge number of users have deactivated their Twitter accounts since Musk bought the platform - but many others have joined up.
They have to be kidding right? Mastodon. a decentralized federated platform, basically a way to host yourself, is the friendlier /free speech restricted alternative in the minds of the twitter immigrants?
yep, society already rejects various forms of legal "free speech." Free speech the way Elon envisions it is overrated.
- Jul 17, 2020
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Not even that:
its the place where the actual literal nazis reside
. And they can’t get them off.these people don’t know internet