Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

P

Ponderer

Executive Member
Joined
Jan 8, 2019
Messages
9,741
quovadis said:
You want to support the position that "Net profit is the biggest determinant of sustainability" ?
Click to expand...
Net profit is the reason for the existence of a business.
It's what a business is all about.
A business is about making money.
But you know this, right? ;)
 
Pegasus

Pegasus

Honorary Master
Joined
May 17, 2004
Messages
13,975
Ponderer said:
Net profit is the reason for the existence of a business.
It's what a business is all about.
A business is about making money.
But you know this, right? ;)
Click to expand...
Do you know that net profit and dividends are taxed?
 
konfab

konfab

Honorary Master
Joined
Jun 23, 2008
Messages
36,118
Vorastra said:
There's a guy I watch on YT with a wife and 5 kids.
People call him an incel because he supports traditional relationships.
Click to expand...
That is hilarious.

Who is it? (always on the lookout for new YT)
 
Pegasus

Pegasus

Honorary Master
Joined
May 17, 2004
Messages
13,975
quovadis said:
Let's try again.

True or false? "Net profit is the biggest determinant of sustainability"
Click to expand...


Just to add to that.


Why would you want to pay 40% or more tax on that when....

you can do this and pay less than 3%?

thehill.com

Working Americans pay income taxes — why don’t billionaires?

It’s far past time that we stopped tolerating billionaires paying no taxes.
thehill.com thehill.com



Unlike those who work for a living, most wealthy individuals have their wealth contained in assets like stock or real estate and don’t need a salary. That means they are only taxed if they decide to sell their assets, at which point any capital gains would be recognized and taxed. But the ultra-wealthy don’t need to sell their assets to generate billions of dollars in untaxed income. Billionaires can take out special low-interest loans with their assets as collateral. That money works just like any kind of income, but it isn’t taxed like it. Since the loans are not considered income, billionaires can reap the growing value of their assets without ever triggering a tax bill.
 
konfab

konfab

Honorary Master
Joined
Jun 23, 2008
Messages
36,118
Vorastra said:
Rekieta
He's moved over to Rumble for all his live stuff these days.
Click to expand...
Ah yes (I had it was a suspicion it was rackets when you said he had 5 children). Already consume a huge amount of his content. His show has gotten a lot better since moving to Rumble.

Probably going to drop a few Ront to join the locals chat for the dumpster defender trial. The memes are going to be insane.
 
ForceFate

ForceFate

Honorary Master
Joined
May 18, 2009
Messages
41,139
rietrot said:
As apposed to the old model where you had to be some kind of public figure to get a blue tick. Lol.

I understand why you're so upset. Elon just took something the left hold sacred and he's selling it for cheap to anybody. Now how will you know if someone is an authority figure?
Click to expand...
:ROFL:

Is "the left" new swart gevaar?
 
Temujin

Temujin

Honorary Master
Joined
Apr 18, 2015
Messages
18,312
Its clear at this point that if elon knew what was good for him, he would come here to this thread to get much needed advice on how to run his businesses, cos obviously the worlds richest man knows nothing :giggle:
 
ShaunSA

ShaunSA

Derailment Squad
Joined
Sep 7, 2005
Messages
49,750
Temujin said:
Its clear at this point that if elon knew what was good for him, he would come here to this thread to get much needed advice on how to run his businesses, cos obviously the worlds richest man knows nothing :giggle:
Click to expand...

We already have resident legal expert @cerebus representing Amber Heard :cool:

Imagine if Eelawn appoints resident business expert @quovadis as Twitter CEO :love:
 
P

Ponderer

Executive Member
Joined
Jan 8, 2019
Messages
9,741
Pegasus said:
Do you know that net profit and dividends are taxed?
Click to expand...
Yes.
And?
Your point is?

All I said was that Net Profit is the reason for a business - it's what a business is about - it's to make a profit - it's to "make" (earn) money.
 
Pegasus

Pegasus

Honorary Master
Joined
May 17, 2004
Messages
13,975
Ponderer said:
Yes.
And?
Your point is?

All I said was that Net Profit is the reason for a business - it's what a business is about - it's to make a profit - it's to "make" (earn) money.
Click to expand...

Yes, in high school accounting that is 100% correct.
That is what I was taught.
 
P

Ponderer

Executive Member
Joined
Jan 8, 2019
Messages
9,741
Pegasus said:
Just to add to that.


Why would you want to pay 40% or more tax on that when....

you can do this and pay less than 3%?

thehill.com

Working Americans pay income taxes — why don’t billionaires?

It’s far past time that we stopped tolerating billionaires paying no taxes.
thehill.com thehill.com



Unlike those who work for a living, most wealthy individuals have their wealth contained in assets like stock or real estate and don’t need a salary. That means they are only taxed if they decide to sell their assets, at which point any capital gains would be recognized and taxed. But the ultra-wealthy don’t need to sell their assets to generate billions of dollars in untaxed income. Billionaires can take out special low-interest loans with their assets as collateral. That money works just like any kind of income, but it isn’t taxed like it. Since the loans are not considered income, billionaires can reap the growing value of their assets without ever triggering a tax bill.
Click to expand...
You familiar with the fable "The Goose that Laid the Golden Eggs"?
In case you are not, it's the wealthy (Geese) that lay these (golden) "eggs".
 
You must log in or register to reply here.
Top