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What do you think of twitter boss Musk first public idea?
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Nov 2, 2022 13:58:44   #
Wonttakeitanymore
 
Canuckus Deploracus wrote:
That's $8 dollars more than I'm paying now...
Might stick with my "I don't need Twitter" stance...


I pay 9.99 for Netflix! Not worth .5 cents anymore wirh all the l*****t agenda they run

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Nov 2, 2022 14:01:22   #
AuntiE Loc: 45th Least Free State
 
permafrost wrote:
Have not seen much of this and tomorrow will tell us more..

But. In the first publicly expressed idea for the new twitter, it was proposed that all those who wanted max posting of all would pay $8 per month to pay for fact checking and keeping the misinformation to a minimum..

So for now.. let me know. What do you think of this idea.. will you pay $8 per month for twitter??


As I am not a member it matters not; however, I am thoroughly enjoying watching the progressive exploding heads since he purchased Twitter.

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Nov 2, 2022 14:07:52   #
AuntiE Loc: 45th Least Free State
 
permafrost wrote:
Oh Darn , keep the kitty.. it is so cute, just like you.. I am clueless about how twitter operates. different types of accounts?? With Elon history, he seems to know how to make a buck.. I would not sell those shares.. as far as tax revenue.. that seems a bit of a stretch.. the laws are written to provide tax free living for the very rich. I do not see much if any more tax revenue coming from twitter or Musk..


The last I checked taxes are based on income. Just because an individual’s wealth is shown to be ”very rich” does not mean their income is extremely high. Valuation is based on holdings; property, stocks, bonds, future bonuses, etc. None of those things are income until sold or received.

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Nov 2, 2022 15:01:38   #
Radiance3
 
permafrost wrote:
Gee RAD, I am not jealous of anyone.. I am what I am.. done is done, history is in the past and now is now..

This is not a condemnation of Musk.. it is only posed as a question to see what people with differing view think about a proposal Musk made or may propose in his new role as owner of twitter.. I know that he did pay taxes, but when we look at the rates his rate is probably well below that of some of the lower earning workers.. but again this post is not about that..

You seem knowledgeable.. so just how did Musk gain his first Million?? just curious..
Gee RAD, I am not jealous of anyone.. I am what I ... (show quote)

===================
Please note: The 1% highest pay the 60% of total tax revenue.

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Nov 2, 2022 18:25:53   #
permafrost Loc: Minnesota
 
AuntiE wrote:
As I am not a member it matters not; however, I am thoroughly enjoying watching the progressive exploding heads since he purchased Twitter.
As I am not a member it matters not; however, I a... (show quote)



Good thing I am a liberal.. so I so far do not care one iota..

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Nov 2, 2022 18:29:16   #
permafrost Loc: Minnesota
 
AuntiE wrote:
The last I checked taxes are based on income. Just because an individual’s wealth is shown to be ”very rich” does not mean their income is extremely high. Valuation is based on holdings; property, stocks, bonds, future bonuses, etc. None of those things are income until sold or received.


This is true and can easily account for some of the low rates.. however the basic Pay your share has been with us from the beginning.. I read somewhere long ago that the first exemptions came out the same year that IT became a law..

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Nov 2, 2022 18:31:17   #
permafrost Loc: Minnesota
 
Radiance3 wrote:
===================
Please note: The 1% highest pay the 60% of total tax revenue.


Rad, that is true only for income tax.. think of all the other taxes direct and indirect that we all pay..

That is one of the reasons property tax frost me so hard....

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Nov 2, 2022 18:44:58   #
AuntiE Loc: 45th Least Free State
 
Radiance3 wrote:
=====================
I have Twitter account and not being charged. That is just a scare tactic to destroy Elon. I own Twitter shares too. So if Twitter does that, good for the economy. More revenue means more taxes FJB could collect. It is about Capitalism! Yey!!


I pilfered your kitten. It will be an avatar one month. Thank you!

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Nov 2, 2022 18:48:44   #
AuntiE Loc: 45th Least Free State
 
permafrost wrote:
This is true and can easily account for some of the low rates.. however the basic Pay your share has been with us from the beginning.. I read somewhere long ago that the first exemptions came out the same year that IT became a law..


Define your share. One fact the your share people completely ignore is the amount provided in charitable donations by the wealthy. Yes, they get a percentage tax write off; however, many organizations would be absent were it not for those donations. Further, that write off is not a dollar for dollar write off.

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Nov 2, 2022 19:57:34   #
permafrost Loc: Minnesota
 
AuntiE wrote:
I pilfered your kitten. It will be an avatar one month. Thank you!


Thanks, I like the idea...

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Nov 2, 2022 20:04:36   #
permafrost Loc: Minnesota
 
AuntiE wrote:
Define your share. One fact the your share people completely ignore is the amount provided in charitable donations by the wealthy. Yes, they get a percentage tax write off; however, many organizations would be absent were it not for those donations. Further, that write off is not a dollar for dollar write off.


Yes, the write off is irritating..

While many of the wealthy give huge amounts and we see many names from museum entrants to public television..

However I do not see this as an alternative to paying taxes.. how to view it?? a personal preference perhaps.. doing more then is required is noble at the least.. if I were to be critical, I would say the use of personal choice leaves some needs unsupported.. but you surprised me with this and I really have nothing negative to post.. good idea to develop..

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Nov 2, 2022 23:11:06   #
Radiance3
 
permafrost wrote:
Rad, that is true only for income tax.. think of all the other taxes direct and indirect that we all pay..

That is one of the reasons property tax frost me so hard....


===================
I know property tax keeps on going up. In our State Public Schools receives 65% of the funding from property tax.

Note on the graph that the 1% pay 40% of all taxes.
The top 2% tp 5% pay 20% of all taxes.
The top 5% to 10% pay 11% of all taxes
The top 20% to 25% pay 16% of all taxes
The top 25% to 50% pay 10% of all taxes.
The bottom 50% pay 3% tax.

The top 1% pay the most taxes to the IRS equivalent to 40% of all taxes.
That means 50% of all the income beneficiaries pay only 3% tax .


Without the rich, the government would be BROKE!

These are the different kinds of taxes the rich pay:
Income Tax to the IRS
State Income Tax
Sales tax
Property Tax
Excise Tax
Business tax
Estate tax
Real Estate tax
T***sfer tax

taxes paid according to income level. The 1% pay the highest tax
taxes  paid according to income level. The 1% pay ...

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Nov 2, 2022 23:15:27   #
Radiance3
 
AuntiE wrote:
I pilfered your kitten. It will be an avatar one month. Thank you!


=================
That's great AuntiE. She is so cute. That's Perma's Cat. Now I guess he is giving her to me, and you can have her too.

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Nov 3, 2022 16:18:07   #
Radiance3
 
AuntiE wrote:
The last I checked taxes are based on income. Just because an individual’s wealth is shown to be ”very rich” does not mean their income is extremely high. Valuation is based on holdings; property, stocks, bonds, future bonuses, etc. None of those things are income until sold or received.

====================

Well said!

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Nov 3, 2022 16:33:28   #
AuntiE Loc: 45th Least Free State
 
Radiance3 wrote:
====================

Well said!
==================== br img src="https://static.... (show quote)


Being married to an econ major has had a few benefits.

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