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dreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Kryptos]
#26340392 - 11/23/19 02:15 PM (4 years, 2 months ago) |
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Quote:
Kryptos said:
Quote:
dreamachine said:
Quote:
CornboySavage said: The rise in censorship is abhorrent yet people do not make the effort to learn the fact of the matter anyways. Censorship as it is now, does not stop you from going beyond the mainstream narrative but you can lead a horse to water you cant make em drink.
If they chose to watch a fairytale network spin agendas into hurricanes then its their god given right as americans to do so
Censoring speech on a platform that is owned by a private citizen is something you consent to.
You all agreed to the terms of serivce on the website it doesnt matter if you read the agreement or not you legally signed off on being ok with this. You should not have accepted the terms of service.
Have you heard of Section 230 of the Telecommunications Act? If I'm not mistaken it provides 'platforms' with liability protection against being sued because they are 'platforms' and thus cannot logical be held responsible for what individuals post on said 'platform'. However, as soon as these 'platforms' decided to curate/censor their content they became, in effect, publishers, like newspapers, and under law they broke their own 'terms of service' with the Law.
And thus they should now be liable under law for the content that they curate and provide. In effect this means they're protection on S230 should be revoked (meaning that people will be able to sue them out of business) for content on their site that constitutes itself in anyway as being illegal (slander/libel would probably be one of the easiest, however I can imagine that death threats and all kinds of other illegal activity is hosted on these private companies 'platforms'.
Curating content does not make you a publisher, and being a publisher does not make to liable for what people say on your platform.
Otherwise, Fox wouldn't have so many "opinion" and "entertainment" segments, they'd get sued out of existence.
So what is the purpose of S230? Why are social media platforms protected by it if there is no difference between them and news publishers?
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Morel Guy
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You are completely off topic. I swear, you're as bad as koods. You take one thing someone says, because you always ONLY argue, you turn it into something else completely.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Kryptos
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine] 3
#26340395 - 11/23/19 02:17 PM (4 years, 2 months ago) |
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I think that image should really be split up more.
Conflating the 0.01% with the aspirational 15% (who, while somewhat well off, are generally sitting in the same paycheck-to-paycheck existence that most Americans sit in) provides the richest with a scapegoat and a human shield.
There is no equivalence between a hedge fund billionaire and a small business owner. One spends his day getting hammered on the golf course, and the other busts his ass for 80-100 hours a week. They are both in the top 20%.
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dreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Kryptos] 1
#26340407 - 11/23/19 02:23 PM (4 years, 2 months ago) |
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I could agree with you on that account for sure. That said it speaks volumes that the top 20% holds that much wealth in comparison to the rest. That said when you boil it down to 1% and the 0.01% it exacerbates the ridiculous inequality that is displayed.
This is the shit people should be focusing on, not partisan politics that is a clear smokescreen and diversion imo.
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dreamachine

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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
#26340416 - 11/23/19 02:27 PM (4 years, 2 months ago) |
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 This one is a little more telling no?
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Falcon91Wolvrn03
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Re: The Only Person Who Can Defeat Trump [Re: Kryptos]
#26340507 - 11/23/19 03:14 PM (4 years, 2 months ago) |
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Quote:
Kryptos said: The kind of tax shelter you're talking about is insanely illegal.
That's what I suspected he was talking about.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Morel Guy
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Actually if you'd read the link they discuss details which are not illegal at all.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Falcon91Wolvrn03
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340515 - 11/23/19 03:16 PM (4 years, 2 months ago) |
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Please quote the part where it says money moved abroad is not subject to US taxes.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Morel Guy
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They give loopholes.
Nobody wants your mind games dude.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Falcon91Wolvrn03
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340525 - 11/23/19 03:24 PM (4 years, 2 months ago) |
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The illegal ones that Kryptos mentioned. 
If you disagree, quote the part where it says money moved abroad is not subject to US taxes.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Morel Guy
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I just told you but apparently your mba wasn't in sinple english.
Loopholes.
Give me a second and I'll post where they loophole the taxes and don't pay. Since your mba cannot read a simple wiki page.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Morel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340540 - 11/23/19 03:33 PM (4 years, 2 months ago) |
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However, tax benefits can be exploited if Import Co. is to set up an offshore subsidiary in the British Virgin Islands to buy the same goods for $1, sell the goods to Import Co. for $3 and sell it again in the domestic market for $3. This allows Import Co. to report taxable income of $0 (because it was purchased for $3 and sold for $3), thus paying no tax
As for tax havens I do not believe you must pay by law money out of the country. That's why trillions sit in tax havens.
If I send a million to a bank in africa, I pay fees to export and import it but I don't pay income gax on the account interest to anyone other than that african nation. Until I move that money back to the us and even then uncle sam doesn't usually trck how much I tranferrd overseas.
It's like you are claiming I have to pay sales tax on a purchase overseas. I don't. The account is out of us jurisdiction. Just like when you go overseas your us funds go through a currency exchange. The US has no jurisdiction nor authority on money outisde the US that is not their currency.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Morel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340543 - 11/23/19 03:35 PM (4 years, 2 months ago) |
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I mean if I take a trip overseas and become a citizen of whatever country and open an account there. I don't have to pay taxes on interest gained in a foriegn account just because I am a citizen of the us.
It is retarded to think otherwise
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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relic
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Re: The Only Person Who Can Defeat Trump [Re: Sugabearcrisp] 1
#26340542 - 11/23/19 03:35 PM (4 years, 2 months ago) |
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Quote:
Sugabearcrisp said:
Lolz at your 500k scenario, do you even know tax code? Cause that ain't how it works and you showed how ignorant you are with that statement
Ok, you've gratuitously declared falcon to be wrong. Now show and tell us regular Joes how and why he's wrong in your understanding.
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dreamachine

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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340551 - 11/23/19 03:37 PM (4 years, 2 months ago) |
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are we really arguing whether or not the elite syphon their money to avoid taxation? lmfao; we know they all do; hell Trump admitted in 2006. (still voted for him, cuz Hillary seemed move evil to me)
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Morel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340554 - 11/23/19 03:39 PM (4 years, 2 months ago) |
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He is thinking people are hiding untaxed income overseas. Which they do and proves my point further.
I am saying you can move your money pretty much as you wish legally. I don't get taxed because I made money overseas until I Transfer that money to a us bank.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Morel Guy
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
#26340556 - 11/23/19 03:39 PM (4 years, 2 months ago) |
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Quote:
dreamachine said: are we really arguing whether or not the elite syphon their money to avoid taxation? lmfao; we know they all do; hell Trump admitted in 2006. (still voted for him, cuz Hillary seemed move evil to me)
Falcon claims it doesn't happen via suggestion
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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relic
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy] 1
#26340570 - 11/23/19 03:45 PM (4 years, 2 months ago) |
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Quote:
Morel Guy said:
As for tax havens I do not believe you must pay by law money out of the country. That's why trillions sit in tax havens.
If I send a million to a bank in africa, I pay fees to export and import it but I don't pay income gax on the account interest to anyone other than that african nation. Until I move that money back to the us and even then uncle sam doesn't usually trck how much I tranferrd overseas.
It's like you are claiming I have to pay sales tax on a purchase overseas. I don't. The account is out of us jurisdiction.
From IRS dot Gov
Quote:
Many United States (U.S.) citizens and resident aliens receive income from foreign sources. There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with accounts in Liechtenstein. The interest of the IRS, however, extends beyond accounts in Liechtenstein to accounts anywhere in the world. Consequently, the IRS reminds you to report your worldwide income on your U.S. tax return.
If you are a U.S. citizen or resident alien, you must report income from all sources within and outside of the U.S. This is true whether or not you receive a Form W-2 Wage and Tax Statement, a Form 1099 (Information Return) or the foreign equivalents. See Publication 525, Taxable and Nontaxable Income, for more information.
Additionally, if you are a U.S. citizen or resident alien, the rules for filing income, estate and gift tax returns and for paying estimated tax are generally the same whether you are living in the U.S. or abroad.
Hiding Income Offshore
Not reporting income from foreign sources may be a crime. The IRS and its international partners are pursuing those who hide income or assets offshore to evade taxes. Specially trained IRS examiners focus on aggressive international tax planning, including the abusive use of entities and structures established in foreign jurisdictions. The goal is to ensure U.S. citizens and residents are accurately reporting their income and paying the correct tax. Foreign Financial Accounts
In addition to reporting your worldwide income, you must also report on your U.S. tax return whether you have any foreign bank or investment accounts. The Bank Secrecy Act requires you to file a Report of Foreign Bank and Financial Accounts (FBAR) (FinCEN Form 114, previously Form TD F 90-22.1),
You have financial interest in, signature authority, or other authority over one or more accounts in a foreign country, and The aggregate value of all foreign financial accounts exceeds $10,000 at any time during the calendar year.
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dreamachine

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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
#26340572 - 11/23/19 03:45 PM (4 years, 2 months ago) |
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I see. So you're fighting over semantics and technicalities vs the overall problem of elite wealth inequality and how they avoid taxation via various loopholes and tricks? lulz
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relic
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy] 1
#26340578 - 11/23/19 03:47 PM (4 years, 2 months ago) |
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Quote:
Morel Guy said: I don't get taxed because I made money overseas until I Transfer that money to a us bank.

Have fun. Y'all. I'm out
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