maximilianfragglebottom
117697
3249
110
Jan 24, 2021 3:58 PM
maximilianfragglebottom
117697
3249
110
BallsMcCracken
What does one have to do with the other, bezos is a private citizen that invented something. You don't like it, cancel your Amazon.
skaazi
That's why I NEVER buy anything on Amazon, Im not going to participate in Jeff getting sickly richer while his workers get fucked in the ass
DancingHomer
His stocks increased in value.Jesus people can't stop bitching over someone's success.Bet they still use Amazon too,which is ironic.
GreenGaeasSon
I don't care who made what. All that matters to me is that every exchange was consensual.
allmypostshadnopantson
I always upvote Reich...well maybe not the 3rd.
sciencebasedlifeform
bobziIIa
“Get the billionaires” they yelled, as they fed the system designed to create billionaires.
isenette
minimum wage where i live is $15 and i gotta tell ya i'm real mad about my big mac meal price going up by ...... 10 cents
thinkstopthink
GreenGaeasSon
How can you dislike asparagus when there are children starving in Africa?
ImgonnapartylikeitsCOVID1999
The answer is not raising Taxes on the rich. Its regulation and cutting off the loopholes that allow them to dodge taxes.
DaisyfromDownunder
Bezos didn't make that. You don't understand how capitalism works.
BeardedWonder82
cozynester
People like feeling morally superior to those with minimum wage jobs because they "worked hard for it."
Nunyajonesinc
Make corporations pay the taxes they're already supposed to be paying instead of letting them funnel their profits offshore.
chloramphenicolderivative
Is amazon actually funneling profits off shore? or have they not paid taxes, because they reinvested all profits immediately?
Nunyajonesinc
A bit of both.
Chakra5
Silverwingedfluff
Minimum wage being living wage: "THE HORROR!" Jeff Bezos making over 2,000 a second: "that's an inspiration."
aap71
Almost all income for the rich is capital gains from investments not salary so NO WITHOLDING which makes it harder to get later
myg00
If all the worlds billionaires disappeared, no one would notice. If all the people working minimum wage did, the world screeches to a halt
itsjustplaid
bUt JeFf BeZoS oNlY mAkEs 80,000 A yEaR sO hE's NoT rIcH
sarabearr
And he doesn’t even pay taxes
DanteHicks79
The vast majority of his wealth is all in stocks. It’s all theoretical wealth until he dumps his holdings.
Delta2Almanac
He does now, sorta. .. But not the true amount. Still paid $0 for either 2018 or 2019, can't remember which one
UsuallyARabbit
Sure he does, but his salary is only 85k, and that's all written off. Business law is largely about not paying anyone, apparently.
jursamaj
"Salary" is irrelevant, it's about *income*.
thepronouncer
*Reaganomics (FTFY)
ianishomer
I never get why people defend taxing the rich, when 99% of them are closer to being penniless than a multi millionaire.
wolverine9000
He also lost 7,000,000,000 in one day. He doesn't make anything until he sells it.
skaazi
Would be awesome if he would lose it all in a single day
wolverine9000
It is possible of they treat Amazon as a monoply and split it up. It's shares would drop drastically
Doso777
Because he didn't. That's just the evaluation of his stocks going up and down.
cantspellmanslaughterwithoutlaughter
Dark0001
I agree with both of you. I understand Reich is trying to make a point, but he's misrepresenting what's happening to do so, and by doing1/2
Dark0001
so, he's just inciting anger at the wrong thing. Its the same stuff Trump and his cronies have been accused of doing, but less blatant
cantspellmanslaughterwithoutlaughter
cbale2000
He didn't, technically, "make" that much, his stock value went up that much. He only "makes" that much if he sells his stock.
Buttholedestroyer69
Lol you guys should browse imgur when you're baked it's great you guys
Chakra5
that greatly depend on the strain for me.
DeeDoubleYu
NoTa1ent
So people having faith in Amazon and wanting to benefit from those profits drive up the stock price making Jeff's shares worth more...
ShieldAnvil1
Amazon already pays 15 dollars an hour.
poochyena
They know that and don't care. They just want to be angry at someone to further their own agenda. Has nothing to do with wealth inequality.
SkepticMech
The fuck it doesn't. Employees are a part of the value of a company, they should share in it's successes. If the CEO is getting paid >
poochyena
the CEO isn't getting paid more though. Bezo's salary is 81k. Most of his wealth is from stock, which any employee can buy into.
SkepticMech
more because of increased profits, all the other employees should be as well.
BlackHatInc
At some point Capitalism should have a limit (I don't know what - above my paygrade) just as freedom of speech and personal freedoms do
BiologicallyHazardousMaterial
Nope. Just no way of getting out of proper taxes. Can't loose sight of the big picture nickel dimeing away. Businesses pay more than people.
SkepticMech
We could impose a limit via taxes. ie. all personal wealth over $999 million is taxed at 100%. Hard limit, via taxes.
BiologicallyHazardousMaterial
Not 100, no reason to make more and it could be very lucrative for govt to have a chunk of that. But high, 70% or higher.
MadMupp
I guarantee old Rob there bought shit of Amazon, then complains Bezos is making money
thisusernameisavailable
Like people on Imgur hating Amazon then seeing 99% of secret Santa gifts with Amazon packaging
MadMupp
Exactly, yeah Amazon should be paying taxes, but they also offer a very convenient service. So I cant complain theyre getting my money
rooik14
MadMupp
But am I wrong?
rooik14
Yes. The problem with Bezos is that he uses his power to make sure there aren't other viable options. He's a feudal lord.
MadMupp
Happens everywhere, like Parler, you don't have to like it or join it but the big guys killed a competing social media platform
rooik14
No Parler was taken down because it was being used to organize a coup.
Lisbondizzlewood
Tax the rich, close the loopholes, fuck your feelings if anyone thinks that is “socialism”.
mr0xx
Except he didn't make that money. The valuation of his stocks went up that day. He pays taxes on it when turns it into cash.
Melusin
That's just capitalism 101, need for regulation
Watchkeeper
To me that isn't socialist, that's responsible capitalism. You can still make as much money as you like but not at people's expense.
NickKater
Not just for you. The termn „socialism“ is being misused a lot, propaganda.
ShortyBeast
Not socialism at all. Has anyone ever looked up socialism... cause it really isnt a bad thing.
icannotthinkofanyrationalname
The biggest thing is closing all the loopholes, and 'rearming' the IRS. Every Republican administration cuts the IRS budget.
alicefreak47
Remember when the IRS tried to go after billionaires and got their balls cut off by Congress?
CaptainDogWasTheBestDog
Yep! Just get everyone to play by the same rules and fuckin enforce it equally
icannotthinkofanyrationalname
My tax plan would be you pay 18% of everything over $25000.00 in income, regardless of the source. Wages, gains, interest, dividends.
icannotthinkofanyrationalname
And no deductions for anything. Personal, mortgage, donations, kids. Nothing. No deductions, no games. Your return would be a postcard.
HeretiCorpHasAnDFAcannon
In my country you pay 37% income tax but everything you make over $83000/y, you pay 49% over that amount. What's wrong with the US?
HeroesAndBosses
A LOT.
gonoregan
Wouldn’t want to regulate capitalism in any way, that’s terrorism or something ?
SmokyDoggg
PoliticalWanderer
Propaganda, a toxic vision of individuality, paranoia, bad education, a 50+ year attempt by the right to break society, etc., etc.
Skywatcher16
corruption, and decades of republican propaganda venerating money and power as the result of morality, hard work, and intellect.
enferno8
Corruption. Greed. Systemic racism and classism.
XXXSpork
Rampant stupidity too
TheRealGritty
It’s the indoctrination for the most part, and the intentional lack of education for common folk
RykaVigh
Ah yes :) gee thanks Regan! :|
WeAreJustDustInTheWind
we are to big to control to many states both State and Fed laws, every one acts like America can just tell people to change look at us
BlackHatInc
Loopholes within the tax laws.
Airwolfen
However is such still a loophole when those are known and left as-is on purpose?
GreasedPrimate
Gaming the system. The rich apply (relatively) small amounts of money to influence laws that affect themselves
HenryLongfellowIII
US taxes are not that much lower but Bezos has not triggered tax by selling his shares, so they continue to appreciate tax-free.
HeretiCorpHasAnDFAcannon
Doesn't the US has tax on Wealth? Wealth is like savings/stock investments. Everything over €50000 (€100000 with partner) is taxed 31%.
HeretiCorpHasAnDFAcannon
To be more precise Wealth = (Savings + Investments) - debt.
HenryLongfellowIII
When sold.
Noooooozzzzzzzz
Ik herkende deze cijfers gelijk als het Nederlandse systeem, mooi haha
HeretiCorpHasAnDFAcannon
Yup ben bezig om te peilen wat de Amerikanen vinden van een extra belastingschijf voor de rijken en neem $10k per maand als ondergrens. 1/
HeretiCorpHasAnDFAcannon
Het is echt alsof ze (bijna) allemaal denken dat ze in de toekomst zonder opleiding of ervaring zulke bedragen gaan verdienen? Voor NL 2/
HeretiCorpHasAnDFAcannon
Is €6900 een mooie grens. Hoeveel mensen verdienen dat nou eigenlijk? Laat dat kleine groepje, de rest van het land extra helpen. 3/3
MountainPsycho
If I'm understanding correctly then at 83k your net pay is roughly 30.7k?
MountainPsycho
Thanks all! Better to ask a question than none at all.
Gboyfitbones
You are not understanding correctly, not that I'm math-shaming you
MountainPsycho
np i figured i had something way wrong but the quickest way to get an answer on the internet is to post the wrong thing. ?
Gboyfitbones
Actually that is super true lol
InkyBlinkyPinkyAndClyde
That's not how tax brackets work. If their bracket starts at $83k, then if you make $100k you'd pay the lower tax on your first $83k and /1
InkyBlinkyPinkyAndClyde
the higher tax on your remaining $17k. So $30,710 tax on $83k plus $8330 tax on $17k gives a total tax bill of $39,040, and you'd keep /2
InkyBlinkyPinkyAndClyde
$60,960 of your $100k. That means your "marginal tax rate", or the total percent you actually pay, would be $39,040/$100k=39%. /3
HeretiCorpHasAnDFAcannon
No, 37% of $83k is net income $52290. So for example you make $85000 a year, you pay 37% over $83k and 49% over $2000.
Gboyfitbones
You worded this a bit wrong; you pay 37% on $83k and 49% on the $2000