AKslapper

@Hunter11131113 @_oRyca_ @BernieSanders Great point. It’s big to federally tax unrealized gains on assets.

@Akslapper @_oRyca_ @BernieSanders The poor folk don’t realize the rich will be forced to liquidate assets (stocks/real estate) to pay this tax and by doing so everyone’s 401k and property value will drop drastically.

Google founder Sergey Brin's wealth has DOUBLED to $311 billion since Trump's election. Now he’s spending $57M to oppose a 5% billionaires' wealth tax in California. He’d rather millions lose healthcare than pay his fair share in taxes. This kind of arrogance is unacceptable.

@Principal_Jon Trades pay well. For example, apprentice sprinkler fitters start at $32.46 per hour with zero experience, and they receive pay increases every six months. With overtime, journeymen can easily earn over $200,000 a year. I’ve attached the full pay scale for reference.

I have a young neighbor, 22. He just got an electrician job paying $175,000 per year starting. Tell me again, why everyone should go to college?

@johnkissinger They’re not tax-exempt. They simply get to deduct security costs and many other business expenses that normal salaried workers like us cannot.

@Akslapper nobody at those higher incomes is actually paying 37%.

If taxes were fair: You earn $100,000 per year and pay $30,000 in tax. Your neighbor earns $1,000,000 and pays $300,000 in tax. Your neighbor is paying 10X more than you. If taxes were fair, you should both pay $30,000, since you both receive the same government services.

@MOSSADil @marklevinshow They choose the lead price over the gold price.

🚨 IRAN REJECTS U.S. STRAIT OF HORMUZ PROPOSAL Senior Iranian official Mohsen Rezaei says Tehran will not allow the U.S. to reopen the Strait of Hormuz through what he called an “unrealistic plan.” According to reports, Iran is demanding war reparations and “tangible benefits” before agreeing to any deal. Rezaei also said Iran will continue its “resistance.” So while Washington talks about progress, Tehran is signaling the opposite: No clean reopening. No simple exit. No deal without payment. Stay connected, follow @MOSSADil

It’s a radical change that would ripple across the entire economy. We should aggressively crack down on fraud and abuse, while finding smarter ways to tax the ultra wealthy without toppling the whole system. Ultimately, any major tax code overhaul will trickle down to the middle class; leaving you even worse off. History shows this pattern repeats itself.

@Akslapper @_oRyca_ @BernieSanders I say we need a Billionaire Minimum Income Tax, which would treat those "unrealized gains" like income every year, and or a tax on large loans taken out against stock to start.

I don’t think this will deliver the results people want. America has a record 125 foreign-born billionaire U.S. citizens who came here to protect and grow their assets in our markets. They can easily relocate that wealth. We import billionaires; we shouldn’t start exporting them. Policies targeting them risk undermining the dollar’s world reserve currency status. Losing that would sharply raise borrowing costs, threaten funding for entitlements, leave government workers unpaid, and stall the military. I like the idea that they pay more, but it’s a tricky thing.

@DidIupsetyoutoo @_oRyca_ @BernieSanders Not what I’m saying. They won’t craft a code that leaves out working-class or middle-class people. They’ll widen the net so the middle class can never escape — but it’ll be marketed as taxing the rich. Taxing unrealized gains before they are sold would change everything.

@Akslapper @_oRyca_ @BernieSanders So are you saying you’d want America to have a similar tax plan as they did in the golden era of the economy? like the 1940’s-1960’s

@_oRyca_ @BernieSanders Not federal . . . Local property taxes.

@Akslapper @BernieSanders I do pay the increased tax on that house appraisal. Lol.

Imagine your house appreciates $100,000 this year and you have to pay taxes on that unrealized income for an asset. This would be the tax law needed to pursue billionaires’s unrealized gains in stocks. It wouldn’t just affect billionaires; it would affect everyone. Bottom line: you will paid, too.

@BernieSanders Imagine billionaires actually paying a fair share. Yeah I can't either, so stupid.

@BernieSanders Inflation actually favors the wealthy. Printing money doesn’t hurt assets like stocks that hold real value on the global market. Since COVID, we’ve printed trillions of dollars, and a big chunk of his wealth comes from the resulting rise in stock valuations.

@krassenstein It’s funny, isn’t it? People are wildly over-invested in their political feelings. The hardcore left and the hardcore right are both full of absolute weirdos.

I’ve listened. I’ve reflected. I’ve grown. After losing 6,000 followers for buying a Cybertruck, I realized I needed a vehicle that better aligns with my followers’ environmental expectations and moral values. So I traded it in for a beauty that gets 7 MPG and personally accelerates glacier melt every time I tap the gas pedal. The good news is it has absolutely no connection to Elon Musk. Looking forward to earning back your trust, and hopefully those 6,000 refollows.

Taxes are meant to be the great equalizer under our progressive system. Yet in many cases, the working poor actually take home less than people receiving entitlements once you assign a full dollar value to those benefits. It’s a grind at every income level. I’ve paid taxes in every bracket, and I’ve often wondered whether the extra time, effort, and stress required to earn more is really worth it. At some point, you get over being happy with the accomplishment and have to hire people for advice.

The theory of income tax is that part of your income can occur because of the benefits from living in a society, thus we tax income as a means of helping fund those benefits. It makes sense that someone generating more income pays more in absolute dollars. This is demonstrated by turning it around: If income were fair: You earn $100,00 per year for working ~2000 hours. Your neighbor earns $250,000 per year working ~2000 hours. Your neighbor is earning 2.5X more than you. If income were fair, you should both earn $100,000, since you both worked the same number of hours.

The $184k cap is ‘magical’ only for Social Security (FICA) taxes — it doesn’t reduce federal income tax liability at all. The earner still pays federal income tax on their entire salary, including every dollar above the cap. And because that extra income (like the $50k example) sits in the highest tax brackets, it’s taxed at the top marginal federal rate. So avoiding FICA on that portion doesn’t give much relief compared to the heavy income tax still owed on it.

@saylordocs It is not a tax, but a contribution…but yes, do agree that it should be on all earned…what are you doing about it?

Murray: Is it true that people making under $184,000 pay a 12.4% Social Security tax rate? Dahl: Yes Murray: And the rate for someone making $1,000,000? Dahl: 2.2% Murray: So, a 12.4% tax for people making less than $184,000, but 2.2% for a millionaire or .0002% for billionaires.

Why is that? Most people don’t fully get it unless they’re looking at the numbers — or until they’re broke and relying on benefits. Here’s how it works: Both the employee and the employer pay 6.2% in Social Security (FICA) taxes, but only on the first $184,500 of wages. On a $1 million salary, the employer saves about $50,600 in Social Security taxes (6.2% on the $815,500 above the cap). That’s real money for the company. For the employee, though, it doesn’t reduce their federal income taxes. They still pay income tax on the full $1 million salary which is at a higher rate than FICA.

@vc240350 @ingridadriana5 @laufelicciano We both are stating the obvious as fans looking at the race. But drivers only can do so much without straight away speed. . .

@Akslapper @ingridadriana5 @laufelicciano Nadie dice lo contrario, yo me refiero a que en esta carrera hubo errores de equipo (lo usual) y del piloto, pero es normal, eso no lo hace un mal piloto

Lo lograron. Finalmente lo rompieron. Finalmente ganaron. Destrozaron a alguien. Alguien que siempre estaba feliz que siempre estaba sonriendo.

@krassenstein WOW. . . I wish people would get back to reality and stop wanting to cause harm.

Crap. I didn’t think buying a Cybertruck would result in death threats. Calm down. I’m obsessed with AI and saving the environment. I still despise Trump and what Republicans are doing to this country.

People get upset about his success, but they miss the bigger picture. He accomplished something that 7 or 8 billion other people never have. He didn’t just have an idea — he understood the full business recipe required to bring it to life, and he possessed the relentless will to execute it. Ideas are cheap. Real accomplishment demands the willingness to sacrifice years of your life for it.

Do rich people pay taxes? > Yes. Do they pay their fair share? > More actually.

Money creates tax problems that most wage earners never fully appreciate. For employees, taxes are automatically withheld by their employer and sent to the IRS before they even see their paycheck. In contrast, those with significant wealth must actively manage and pay taxes on their income. Capital gains, in particular, are only taxed in the future — when they are realized.

I have paid over $10B in taxes in a single year, more than anyone in history. If I exercise and sell stock options, the combined federal and state income tax is ~45% (I still pay California taxes for every day I spend there). Then there is another 40% tax paid on my estate when I die. Overall, I will probably end up paying trillions in taxes.

@RealNorthEndGuy @mattvanswol @tracewoodgrains I’ll check that out.

@Akslapper @mattvanswol I agree with that @tracewoodgrains is a great follow if you care about stamping out anti-excellence policies like that.

When I was in school, a "B+" was a 92 and an "A-" was a 93-95. What was considered an A when you were in school?