Rich Patina

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Rich Patina

Rich Patina

@candiedhams

climate change has an intersectional impact & public health is a public good

Katılım Ağustos 2015
4.7K Takip Edilen445 Takipçiler
nocturnal figs
nocturnal figs@iycrtyaar·
Right but that would be cash profits. Not selling something you built to pay the tax on it. Nothing else is taxed like that. He does pay tax on the money he earns, he doesn’t pay tax on unrealized gains, because that doesn’t make sense. He didn’t “make” anything his business is just worth more.
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Robert Reich
Robert Reich@RBReich·
Effective tax rate paid by Jeff Bezos from 2014 to 2018: 0.98% Effective 2025 federal tax rate paid by Amazon: 1.4% Typical tax rate paid by the average American: 14.5% Just thought I should point that out.
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nocturnal figs
nocturnal figs@iycrtyaar·
Yes he would. As the value increased, his tax bill would increase but would always be a percentage of his company. So sure I guess he realistically wouldn’t get to 0% but it would get below 1% and he would fall out of controlling interest within 8 years. Start a company from the ground up and then give it away. The American dream.
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Rich Patina
Rich Patina@candiedhams·
@iycrtyaar @malbaker82 @OmegaTir @Dispropoganda and he'd never get to zero, and his wealth would keep increasing with the value of the company. and if by some stroke of comical misfortune his wealth ticked below $1B he'd stop being subject to the proposed wealth taxes.
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nocturnal figs
nocturnal figs@iycrtyaar·
Because he would be selling percentages to pay off taxes. Every time he did that he would own less. If you are taxing him on his net worth, let’s say 10%, he would have to sell 10% of his company to pay it. Now he owns 90%. The following year he would have to sell another 10%, of the smaller amount sure, to pay that taxes. Putting him now at 81% of what he originally owned. The next year he would be at 72,then 65, etc. selling your company just to keep up with an insane net worth tax makes absolutely no sense.
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nocturnal figs
nocturnal figs@iycrtyaar·
@malbaker82 @OmegaTir @Dispropoganda It isn’t “passive income” it’s net worth. He doesn’t have that cash. He owns things that are becoming more valuable. In your world he would have to continue selling chunks of his company to pay taxes until he owned zero of the company and had a net worth of zero.
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Mike Levin
Mike Levin@MikeLevin·
This New York Times piece is worth your time. Here’s what is happening, as simply as I can put it. Back in January, Trump sued the IRS, an agency he controls, demanding $10 billion over the leak of his tax returns a number of years ago. IRS lawyers did their jobs. They wrote a memo laying out the defenses that could beat the suit, including the fact that Trump filed too late. His own lawyer was in court when the leaker pleaded guilty in October 2023, more than two years before Trump sued. The Justice Department never showed up to court. Never argued back. Never used the defenses sitting on their desk. The judge got suspicious and ordered both sides to explain whether they were actually opposing each other or just colluding. The day before that brief was due, Trump dropped the suit. Same day, his Justice Department announced a $1.776 billion taxpayer-funded “anti-weaponization fund.”  Trump gets a formal apology. The IRS agrees to drop any audits of him and his family, even though a 2024 Times report found a loss in an ongoing audit could cost him over $100 million. The acting Attorney General, Trump’s former criminal defense attorney, picks the five commissioners who decide who gets paid. Trump can fire any of them. Proud Boys and Oath Keepers are not ruled out. This is the most corrupt thing I’ve ever seen from an American president. Where in the hell are my Republican colleagues? nytimes.com/2026/05/19/adm…
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Rich Patina
Rich Patina@candiedhams·
@billybinion @gregoryrsinger why is the math not there? if you liquidated big percentages of their holdings, you'd fund the government for some period of time in a way it isn't currently, and you'd remove their stranglehold on our politics. the multiplier effect of that redistribution would be huge
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Billy Binion
Billy Binion@billybinion·
@gregoryrsinger This is one of the biggest economic misconceptions. Jeff Bezos' worth is not sitting in cash. It's almost entirely in stock. If you hypothetically seized all billionaires' wealth, you could fund the government for about 9 months. The math isn't there.
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Rep. Nancy Mace
Rep. Nancy Mace@RepNancyMace·
Ilhan Omar. Shri Thanedar. Pramila Jayapal. All born in foreign countries, none were citizens by birth. All sitting in the United States Congress. All making clear every single day their loyalty is not to America. We just introduced a long overdue joint resolution proposing a constitutional amendment to require Members of Congress, federal judges, and Senate-confirmed officers to be natural born citizens. This is the very same standard the President and Vice President are already required to meet. The people writing America's laws, confirming America's judges, and representing America on the world stage should have one loyalty: America. Not any other country. For too long we have allowed foreign born members to hold seats in this government while making clear they are America last, not America first. We see it every day. This constitutional amendment will put an end to it.
Rep. Nancy Mace tweet media
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RaiderF16
RaiderF16@F16RaiderF22·
@WhaleInsider lol there’s absolutely ZERO chance the POTUS is personally making 59 trades a day. Do you see how ridiculous this is?
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Whale Insider
Whale Insider@WhaleInsider·
JUST IN: 🇺🇸 President Trump traded stocks over 3,700 times in Q1 2026 - averaging 59 trades per day, 9 per hour, or one trade every 7 minutes.
Whale Insider tweet media
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JPZ
JPZ@jpz0883·
@candiedhams @laurameme @MorePerfectUS If the government used taxes to take 100% of the wealth of every billionaire in the US, it would fund the federal government for slightly more than 12 months.
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More Perfect Union
More Perfect Union@MorePerfectUS·
Jeff Bezos on CNBC: "If people want me to pay more billions, then let's have that debate, but don't pretend that that's gonna solve the problem. You could double the taxes I pay, and it's not gonna help that teacher in Queens.... Airbnb isn't causing high rents. What's really causing high rent is government intervention."
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Rich Patina
Rich Patina@candiedhams·
@jpz0883 @laurameme @MorePerfectUS billionaires dont pay income tax so they wouldn't show up in this chart, there are 1K billionaires in america - less than .1%, the bottom 50% should pay zero altoghether
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Rich Patina
Rich Patina@candiedhams·
@Ishii12321 @esjesjesj are you saying that the other 405,426 people whose tax returns were leaked should also be exempt from audits going forward?
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Ishi 🟦
Ishi 🟦@Ishii12321·
@esjesjesj Maybe you shouldn't have illegally leaked his taxes and attempt to throw him in prison
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Rich Patina
Rich Patina@candiedhams·
@kferullo @PeteButtigieg guy who thinks granting clemency for marijuana charges is comparable to $2B in court-ordered restitution for medicare fraud
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Rich Patina
Rich Patina@candiedhams·
@jtjt3423 @TheDemocrats wow, he's preventing Iran from getting a nuke? that is brilliant. he should come up with a sort of Joint Comprehensive Plan of Action to really lock it into place. maybe with inspectors ensuring compliance
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Democrats
Democrats@TheDemocrats·
Today, Trump admitted he doesn't care about Americans' financial situations. Watch our new ad:
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Rich Patina
Rich Patina@candiedhams·
@SkinnyFatz0 @YourAnonNews the 400th richest member of the forbes 400 has roughly $4B - are you under the impression that person is hunter ?
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Little Red
Little Red@SkinnyFatz0·
@YourAnonNews Joe Biden’s son vs everyone else. No wonder he needed a pardon from dad. And guess who @YourAnonNews will not say anything about?
Little Red tweet media
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Anonymous
Anonymous@YourAnonNews·
The top 400 Billionaires vs. everyone else.
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clownes
clownes@clownesvanzandt·
@miggy_n7 Under mao nggas were eating roots,dirt,and their recently passed relatives. Never heard of that in a capitalist country
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JC
JC@croug6zq·
@ReverendWarnock Health care was a lot cheaper before Obama fucked it up
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