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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 805076"><p>Looks like some butthurt person inside the IRS broke a number of federal laws and leaked tax information to the media. And looks like the media has no problem reporting criminally obtained information. And, not shocking at all, the extreme level of ignorance the average person has is amazing. We have income taxes. We don't have wealth taxes. If Jeff Bezos for example has $100B on paper in Amazon stock and the stock price doubles, he is now worth $200B but there is no tax liability for that until he sells something. So he has no tax liability on it. Most of these guys are not idiots, and take full compensation on stock. Mark Zuckerberg for example, earns a $1 salary. Elon Musk doesn't even earn a salary. The extreme level of envy, jealousy, butthurt, and ignorance the average American has apparently has no limit.</p><p></p><p>[URL unfurl="true"]https://gizmodo.com/elon-musk-paid-0-in-federal-income-tax-in-2018-report-1847051810[/URL]</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 805076"] Looks like some butthurt person inside the IRS broke a number of federal laws and leaked tax information to the media. And looks like the media has no problem reporting criminally obtained information. And, not shocking at all, the extreme level of ignorance the average person has is amazing. We have income taxes. We don't have wealth taxes. If Jeff Bezos for example has $100B on paper in Amazon stock and the stock price doubles, he is now worth $200B but there is no tax liability for that until he sells something. So he has no tax liability on it. Most of these guys are not idiots, and take full compensation on stock. Mark Zuckerberg for example, earns a $1 salary. Elon Musk doesn't even earn a salary. The extreme level of envy, jealousy, butthurt, and ignorance the average American has apparently has no limit. [URL unfurl="true"]https://gizmodo.com/elon-musk-paid-0-in-federal-income-tax-in-2018-report-1847051810[/URL] [/QUOTE]
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General Investing and Economics Discussion - No Politics
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