Discussion: Taxes and Taxation

[MagnarTheGreat]

Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.

www.nytimes.com

Tesla Didn’t Pay Any Federal Income Taxes for 5 Years, Got $1 Million Tax Refund

A new report claims that the company uses accounting schemes to avoid declaring profits in the U.S. and paying taxes.

gizmodo.com

 

[squeekness]

Seems to me these big charity funds need more oversight.

 

[blueharvest]

Seems to me these big charity funds need more oversight.

They're probably just set up so that Musk doesn't have to pay any income tax.

 

[blueharvest]

Elon Musk Leads America’s Top Tax-Dodging CEOs

A new study reveals a staggering number of companies pay their CEOs more than they pay in taxes.

newrepublic.com

 

[squeekness]

Elon Musk Leads America’s Top Tax-Dodging CEOs

A new study reveals a staggering number of companies pay their CEOs more than they pay in taxes.

newrepublic.com

Shocker! Capitalism at its finest.

 

[blueharvest]

Shocker! Capitalism at its finest.

Everyone pays taxes except the rich.

 

[MagnarTheGreat]

MacKenzie Scott, billionaire philanthropist, donates $640M to support 361 nonprofits

MacKenzie Scott, the billionaire philanthropist and co-founder of Amazon, has donated $640 million to over 350 nonprofit organizations.

www.usatoday.com

 

[blueharvest]

IRS chief zeroes in on wealthy tax cheats in AP interview

IRS Commissioner Danny Werfel says in a new interview that the IRS will expand its pursuit of high-wealth tax dodgers in the coming months.

apnews.com

 

[blueharvest]

 

[squeekness]

They can't be repealed?

 

[blueharvest]

 

[squeekness]

Who came up with that plan? Stupid.

 

[blueharvest]

Who came up with that plan? Stupid.

Some Republican in Missouri, probably.

 

[blueharvest]

 

[MagnarTheGreat]

Ka-ching! Taylor Swift lands on Forbes' World's Billionaires list with $1.1B net worth

Taylor Swift is a billionaire now. The pop superstar landed on business magazine Forbes' latest World's Billionaires list.

www.usatoday.com

 

[blueharvest]

Ka-ching! Taylor Swift lands on Forbes' World's Billionaires list with $1.1B net worth

Taylor Swift is a billionaire now. The pop superstar landed on business magazine Forbes' latest World's Billionaires list.

www.usatoday.com

She's had a really great year.

 

[MagnarTheGreat]

All billionaires under 30 have inherited their wealth, research finds

Fifteen young billionaires are among the first wave of a $5.2tn transfer of wealth by the ageing super-rich

www.theguardian.com

T Swift is 34.

 

[blueharvest]

These billionaires abandoned Trump after Jan. 6. Taxes are bringing them back in line

Nelson Peltz apologized for supporting Trump after Jan. 6. Now he's fundraising for the former president. The reason he and so many billionaires may have fallen back in line? Taxes.

www.latimes.com

And here's the article without a paywall:

https://archive.is/SoUvk

 

[blueharvest]

Antitax Nation

Michael Graetz’s new book explains how clever marketing duped America into shoveling more tax breaks to the wealthy and corporations.

prospect.org

 

[blueharvest]

 

[squeekness]

Sounds good to me!

 

[blueharvest]

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

Billionaires now control 1 out of every 25 dollars of American wealth.

truthout.org

 

[squeekness]

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

Billionaires now control 1 out of every 25 dollars of American wealth.

truthout.org

And Trump wants to do it again if he gets in office.

 

[blueharvest]

Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president

"This country has done so much for me, I'm proud to pay my taxes every single year," Cuban wrote on X. "Tag a former president that you know doesn't."

www.businessinsider.com

 

[blueharvest]