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"Should I pay tax?", world's richest man asks Twitter

Started by Blue Jam, November 07, 2021, 07:53:00 PM

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Rev+

Quote from: olliebean on November 07, 2021, 09:41:36 PM
I don't buy that. $200 billion of shares must net him a shitload of dividends.

It's almost like he chose to be paid that way.

Ferris

Quote from: Gurke and Hare on November 07, 2021, 10:43:45 PM
Not in the UK. Council tax is still based on the value of homes whenever the assessment was originally done. I'll admit my previous comments were based on UK rules, but I'm pretty sure unrealised gains are never taxed in the UK.

I have a man from the city come round with a pencil behind his ear and go "hmmm" then tell me what my gaff is worth and how much tax I have to pay on the difference from last year. You can challenge it, but if unsuccessful you're on the hook for the tax plus interest because it is a late payment. It's the same in all of Canada (though some municipalities are known to be a bit more "lenient" than others) and I assumed the same in the US and basically everywhere, but now I don't know.

Council tax at least is done in bands in the UK isn't it? Is that sort of the same? Most valuable thing I've owned in the UK is a guitar amp so I haven't a clue how actual assets work.

Gurke and Hare

Quote from: FerriswheelBueller on November 08, 2021, 12:15:27 AM
Council tax at least is done in bands in the UK isn't it?

Yes. Because we can't have the people in mega expensive houses paying too much, can we?

Quote
Is that sort of the same?

Not really, because it doesn't change from year to year. It's based on what it was worth in 1992, or whenever it was they changed from the poll tax to the council tax. Also, it's the person who lives in the property that pays it, not the owner so the idea of gains is irrelevant - if the flat I live in increases in value I don't gain anything because I don't own it.

Ferris


Blue Jam


katzenjammer

Quote from: Blue Jam on November 07, 2021, 08:02:36 PM
State of the nauseating techbro billionaire worship in the replies here:

https://mobile.twitter.com/elonmusk/status/1457064697782489088

QuoteMe as a $TSLA long term investor, I personally deeply appreciated all the hard working & value u have brought to us. Do whatever best for you and u will have my support

*Vomit*

touchingcloth

The fuck is a stock option as opposed to just some stock, and why are they "exercised" as opposed to sold?

I don't actually care about the answer to these, by the way. As irrelevant to my life as most rich guy stuff, like where to go to buy the most cunty pants for Henley. 

Ferris

It's a more boring way to buy stock at certain price thresholds you set.


Proactive

If you were going to pay taxes on unrealised gains, wouldn't it be fair to reimburse them for any subsequent (or prior) losses as well? What about "gains" in our pension funds or stocks normal people own?

TrenterPercenter

Quote from: Proactive on November 08, 2021, 12:46:01 PM
If you were going to pay taxes on unrealised gains, wouldn't it be fair to reimburse them for any subsequent (or prior) losses as well? What about "gains" in our pension funds or stocks normal people own?

I'm not sure but I think you (or me perhaps I'm no expert here) is making a mistake; unrealised gains are just unsold stocks there isn't any unrealised losses to speak of because it is whatever the price is when they are sold; so there is only the actual price and the potential price (actual price acts as zero here).  The policy is so that people like Musk can't just hold onto capital in shares by making them a taxable asset; he is just using this term "unrealised gains" as a distraction from the fact they are just stocks and shares.

Dusty Substance


I can't get over the amount of dummies on Twitter who keep falling for his tweet bait.

Johnny Foreigner

I should like to put the question of whether I ought or ought not to pay taxes, to a public vote.


...
Oh, wait, it turns out I cannot. It must be because this Musk chap is on Twitter. As usual, it's one rule for Twitter users and another for the rest of us.

chveik


imitationleather

Please, please, please let his little rocket ship blow up with him in it.

(Elon, not Bernie.)

imitationleather

If his rocket blew up with him in it I think I would spend an entire year laughing and wanking.

Video Game Fan 2000

The high school "lol I don't even know you" shit really speaks volumes about the mentality of people who make decisions for us.

Elon Musk actually scares me because his company actually does important shit. If this motherfucker decides to prove a point and "go Galt", we're fucked for mega batteries and its back to coal for Australia. Such a ridiculous counter-example to the idea that private enterprise is somehow more efficent and less vulnerable to personal whims than centralised public ownership.

imitationleather

Elon fanboys must be the saddest fucking losers on the entire planet.

Thursday

To be fair, if I thought there was a chance he'd give me a million quid, I'd pretend to like him on twitter.

Johnny Foreigner

You have to realise that the price of resources has rocketed, which is in itself a taxing experience.

Johnny Foreigner

Quote from: Video Game Fan 2000 on November 14, 2021, 09:11:00 PM
If this motherfucker decides to prove a point and "go Galt",

Never read that. Any good? The Fountainhead got a bit tedious after the first 700 speeches on the commendability of selfishness.

Video Game Fan 2000

Some of the Dagny Taggart scenes early on fascinating as unintentional satire and window's into Rand's head, but nah. I just read those and skipped to the speech, which isn't even interesting. Barely coherent and comes after ridiculous torture porn stuff.

The Fountainhead movie is good though. Its really bizarre, impossible to tell how ironic it is.

Johnny Foreigner

Still, you have to hand it to her. A equals A; she's not wrong there.

zomgmouse

Quote from: Thursday on November 14, 2021, 09:29:20 PM
To be fair, if I thought there was a chance he'd give me a million quid, I'd pretend to like him on twitter.

The American Dream

Video Game Fan 2000

Quote from: Johnny Foreigner on November 14, 2021, 10:06:13 PM
Still, you have to hand it to her. A equals A; she's not wrong there.

[incomprehensible Hegelian yelling]



idunnosomename

Quote from: Thursday on November 14, 2021, 09:29:20 PM
To be fair, if I thought there was a chance he'd give me a million quid, I'd pretend to like him on twitter.
Elon giving someone a million pounds is like any of us making the effort to flick a bogey at a tramp. i mean we easily could, but we won't


Video Game Fan 2000

These days, if you say identity is the identity of identity and non-identity, they ask you to stop posting.