Quote (IceMage @ Sep 27 2020 09:04pm)
There's several things about this article which should concern any American, both about Trump and the system we have.
I'm not sure it's worth it to go through every one with "nothing matters" bots though.
What are they exactly?
It's not that nothing matters, its the fact that some of us have a finance/accounting background to understand the mechanics and the shit you're told to be outraged about is really a nothing burger. You as usual eat it up uncritically because it conforms to your Trump bad perspective.
He probably didn't pay income taxes because of the way his assets have depreciated or the way he is shielding his wealth by reinvesting earnings or whatever. There are a lot of accounting loopholes one can use that are totally legal. If he has been losing money on his hotel businesses or has spend money to expand businesses then there's way to basically minimize your tax burden. Literally all business people do it.
If you look at someone like Bezos, most of his worth is basically amazon stock. He won't sell that shit for eons because he'd have to pay the tax man on that sale. So while he's worth tens of billions because of all his shares, his income tax is also probably much lower of someone that's worth 170+billion because he's not dumb enough to liquidate assets and pay the tax man.
This post was edited by ofthevoid on Sep 27 2020 08:12pm