BlueSky collecting the twitter users leaving en-masse

[HisArpy]

Just what I said, they convert their wealth to avoid paying taxes and yes charitable donations are a tax break and a pr move. The lament of the ultra wealthy is 'I'm cash poor.' Musk paid $68,000 in 2015 and $65,000 in 2017 in income tax and in 2018 paid $0. In a capitalist society where ethical business practices are the majority then a capitalist society can almost work but 'ethical business' has been an oxymoron for decades in the US when it comes to the 1%.

"The Rich" don't have income. They also don't "convert" their wealth into taxable assets.

There's a guy who talks about how he "mistakenly" bought a house. He says he "realized" his "mistake" and sold the house to buy an apt complex. A few years later he says his bank offered to refinance the apt complex for 3.5 times what he paid for it - to the tune of 60 million borrowed OVER the existing loan balance.

Since the money is "borrowed" there's no tax owed on it. The cash is also not an asset which can be "converted" because to do so makes any money earned by it is taxable as either income or capital gains.

However, you can invest cash into TAX FREE Gov T-bills and live on the interest. Investing 60 million into T-Bills is about $1.8 million per year at 3% without touching the principle.

And they don't pay taxes on ANY of it. Because it's not income or cap gains.

Another thing you don't understand is that the Tax Code is built for this purpose. If I owned an apt complex, I'd only have at most 1/3 down and the rest would be financed. The mortgage interest and property taxes are tax deductible, the apt complex purchase price can be depreciated over 27.5 years, any any expenses are also deductions from the income that's generated. I'd pay tax on any profit; except there won't be any.

Bean counters have already done the math and that's why commercial property sells for the prices they command and why rents are what they are. A 32 unit apt complex at $1000/mo per unit as outlined above should generate 8,000-10,000 per month TAX FREE, or almost tax free depending on the variables. It will only take a $300,000 - $500,000 cash investment to get that depending on where the property is located.

That is how "The Rich" operate. Not the lies and crap you're believing and spewing.

 

[eric_erosfan]

Bluesky is certainly designed for the non-binary, which aligns with the prople here who are singing its praises.

It us designed for decent human beings who don't want to be subjected to idiot Nazi trolls. So I would say it is designed for anyone who is not a Nazi troll.

 

[ll74]

Bluesky is certainly designed for the non-binary, which aligns with the prople here who are singing its praises.

Did they ban you?

 

[eric_erosfan]

"The Rich" don't have income. They also don't "convert" their wealth into taxable assets.

There's a guy who talks about how he "mistakenly" bought a house. He says he "realized" his "mistake" and sold the house to buy an apt complex. A few years later he says his bank offered to refinance the apt complex for 3.5 times what he paid for it - to the tune of 60 million borrowed OVER the existing loan balance.

Since the money is "borrowed" there's no tax owed on it. The cash is also not an asset which can be "converted" because to do so makes any money earned by it is taxable as either income or capital gains.

However, you can invest cash into TAX FREE Gov T-bills and live on the interest. Investing 60 million into T-Bills is about $1.8 million per year at 3% without touching the principle.

And they don't pay taxes on ANY of it. Because it's not income or cap gains.

Another thing you don't understand is that the Tax Code is built for this purpose. If I owned an apt complex, I'd only have at most 1/3 down and the rest would be financed. The mortgage interest and property taxes are tax deductible, the apt complex purchase price can be depreciated over 27.5 years, any any expenses are also deductions from the income that's generated. I'd pay tax on any profit; except there won't be any.

Bean counters have already done the math and that's why commercial property sells for the prices they command and why rents are what they are. A 32 unit apt complex at $1000/mo per unit as outlined above should generate 8,000-10,000 per month TAX FREE, or almost tax free depending on the variables. It will only take a $300,000 - $500,000 cash investment to get that depending on where the property is located.

That is how "The Rich" operate. Not the lies and crap you're believing and spewing.

Capital gains offset by capital losses. One big loss can offset years of gains resulting in no tax owed. The government figures it is better to encourage risky capital investments than to collect capital gains taxes every year.

 

[HisArpy]

Capital gains offset by capital losses. One big loss can offset years of gains resulting in no tax owed. The government figures it is better to encourage risky capital investments than to collect capital gains taxes every year.

This is how "The Rich" operate. It's no secret, except to the dummies who think that giving a few hundred thou to charities equals no taxes.

Of course most of those idjits who think so learned finance and how to not pay taxes from their local pimp and drug dealer.

 

[HisArpy]

My best friend and i argue about that all the time.

He thinks there is honor in paying taxes.

I think my individual asset llc’s all reporting up through the trust allow me to spend money on things I believe in ( like Me for example) versus what politicians will spend it on.

I’ll be mentioning his honor to him over rum punches on the beach at my nassau property during our annual winter golf vacay.

There is no honor in paying taxes. There is a duty though, with penalties attached for not doing it when required.

 

[John_von_Neumann]

T-bills are NOT entirely tax free. They're free from state and local taxes. They're still subject to federal taxes.

 

[Rainblow]

Just what I said, they convert their wealth to  avoid paying taxes and yes charitable donations are a tax break and a pr move. The lament of the ultra wealthy is 'I'm cash poor.' Musk paid $68,000 in 2015 and $65,000 in 2017 in income tax and in 2018 paid $0. In a capitalist society where ethical business practices are the majority then a capitalist society can almost work but 'ethical business' has been an oxymoron for decades in the US when it comes to the 1%.

"The Rich" don't have income. They also don't "convert" their wealth into taxable assets.

Blah blah blah blah blah...

No shit that's what I said, to avoid paying taxes. Also note the term "cash poor" billionaires.

 

[Lance_Castro]

No shit that's what I said, to avoid paying taxes. Also note the term "cash poor" billionaires.

So, people like Jack Dorsey and his pals who own their lastest “free” data scraper, bluesky.

 

[Rainblow]

So, people like Jack Dorsey and his pals who own their lastest “free” data scraper, bluesky.

If the shoe fits.
I don’t do social media, I have a life, this is pretty much it. With that being said I just signed up to check out bluesky; chances are it's more of the same reddit, FB, twatter bullshit but I won't judge until I've checked it out.

 

[eric_erosfan]

If the shoe fits.
I don’t do social media, I have a life, this is pretty much it. With that being said I just signed up to check out bluesky; chances are it's more of the same reddit, FB, twatter bullshit but I won't judge until I've checked it out.

I think in general if you just want an app that allows you to follow certain media outlets or people to get all your news headlines in a convenient scroller format it is fine. Really X would be fine except now you have to deal with ads for things you would never buy in a million years.

If you are inclined to read the comments and add your own that is when social media can suck. And X is truly a hellscape of misdirected ads, Nazi trolls and Russian bots. I am done with it. Bluesky gives you much better control over these things. You can still discuss posts in a respectful manner. If you become a hateful troll you will quickly find yourself on an open-source kill/block list where nobody will ever hear from you again.

 

[MajorRewrite]

T-bills are NOT entirely tax free. They're free from state and local taxes. They're still subject to federal taxes.

Harpy is economically illiterate. It may be a requirement for becoming a fake lawyer, I don’t know.

 

[HisArpy]

No shit that's what I said, to avoid paying taxes. Also note the term "cash poor" billionaires.

Actually that's NOT what you said. What you said was exactly opposite what you're now trying to say.

Just what I said, they convert their wealth...

And when I told you that they don't do that, you say that's what you said. Except its not.

Basically, you're financially illiterate. You go on to prove that you're not only financially illiterate but also stupid. You do this by trying to tell us that you don't belong to any of the social media platforms while also in the same sentence tell us that you joined a social media platform but expect it to be like all the other social media platforms. Except you said you don't participate in any of those so you have no actual knowledge of what you speak. Instead you only parrot what you've been told by other ignoramuses.

Exactly like the way you try to tell us about "the rich."

 

[John_von_Neumann]

Strong words coming from someone who fucks up basic facts about T-bills.

 

[Lance_Castro]

“Trans and queer shitposters say it's a "relief" to be on Bluesky, describing it as a far safer and more joyous alternative to Twitter”

Rob & Butters are just there to check out the skirt sausage.

Lol skirt sausage…. Yes you can use it.

Bluesky CEO Jay Graber is a biowo but gets confused with a trans jay graber in chitown

 

[Lazaran]

Actually that's NOT what you said. What you said was exactly opposite what you're now trying to say.



And when I told you that they don't do that, you say that's what you said. Except its not.

Basically, you're financially illiterate. You go on to prove that you're not only financially illiterate but also stupid. You do this by trying to tell us that you don't belong to any of the social media platforms while also in the same sentence tell us that you joined a social media platform but expect it to be like all the other social media platforms. Except you said you don't participate in any of those so you have no actual knowledge of what you speak. Instead you only parrot what you've been told by other ignoramuses.

Exactly like the way you try to tell us about "the rich."

Derpy is once again splitting hairs…



The rich manipulate (convert?) their wealth (financial vehicles, how they’re compensated, etc) to avoid paying taxes; full stop.

Hope that ^ helps.



Derpy

 

[Rainblow]

Actually that's NOT what you said. What you said was exactly opposite what you're now trying to say.



And when I told you that they don't do that, you say that's what you said. Except its not.

Basically, you're financially illiterate. You go on to prove that you're not only financially illiterate but also stupid. You do this by trying to tell us that you don't belong to any of the social media platforms while also in the same sentence tell us that you joined a social media platform but expect it to be like all the other social media platforms. Except you said you don't participate in any of those so you have no actual knowledge of what you speak. Instead you only parrot what you've been told by other ignoramuses.

Exactly like the way you try to tell us about "the rich."

Ya, you're right, I misspoke. In my defense contextually the implication was clear. It only proves the ultra cool, like your supreme leader, are not infallible.

 

[Rainblow]

Actually that's NOT what you said. What you said was exactly opposite what you're now trying to say.



And when I told you that they don't do that, you say that's what you said. Except its not.

Basically, you're financially illiterate. You go on to prove that you're not only financially illiterate but also stupid. You do this by trying to tell us that you don't belong to any of the social media platforms while also in the same sentence tell us that you joined a social media platform but expect it to be like all the other social media platforms. Except you said you don't participate in any of those so you have no actual knowledge of what you speak. Instead you only parrot what you've been told by other ignoramuses.

Exactly like the way you try to tell us about "the rich."

As to the social media aspect of your comment I don't pass judgement on sms until I've seen what they're about so of course I know what their platforms are like. I join and none of them hold my interest past a cursory glance aside from this one because I've contributed to the story side and I've been here long enough to have established friendships.

 

[HisArpy]

As to the social media aspect of your comment I don't pass judgement on sms until I've seen what they're about so of course I know what their platforms are like. I join and none of them hold my interest past a cursory glance aside from this one because I've contributed to the story side and I've been here long enough to have established friendships.

So you admit you're ignorant. Well done!

 

[HisArpy]

Ya, you're right, I misspoke. In my defense contextually the implication was clear. It only proves the ultra cool, like your supreme leader, are not infallible.

Contextually, no it wasn't clear at all. In fact, your attempts to clarify only shovel more stupid on top of the stupid you've already deposited in this thread.

In essence, you waffle worse than that breakfast place and still can't manage to say what you're trying to say.

 

[Rainblow]

So you admit you're ignorant. Well done!

Contextually, no it wasn't clear at all. In fact, your attempts to clarify only shovel more stupid on top of the stupid you've already deposited in this thread.

In essence, you waffle worse than that breakfast place and still can't manage to say what you're trying to say.

Fallible and ignorant are two different things.
You seem a little triggered harpy. Relax guy, take a rest.

 

[Rainblow]

Contextually, no it wasn't clear at all. In fact, your attempts to clarify only shovel more stupid on top of the stupid you've already deposited in this thread.

In essence, you waffle worse than that breakfast place and still can't manage to say what you're trying to say.

In retrospect I didn't misspeak, I simply didn't expound and contextually it was clear as I was discussing tax havens for the wealthy. You do seem hell bent on picking a beef with me though.

 

[Lazaran]

In retrospect I didn't misspeak, I simply didn't expound and contextually it was clear as I was discussing tax havens for the wealthy. You do seem hell bent on picking a beef with me though.

I understood what you were getting at. It was perfectly clear. Derpy is a pedantic, hairsplitting assclown (like most "lawyers") - and easily dismissed as such.



Derpy

 

[ChloeTzang]

rotflmao. The side that fueled the abuse and hate all went to bluesky

Ironically, the abuse and hate is from the lefties that migrated to Bluesky. Such as Rob Reiner, for example. They took it with them. LOL. Maybe these refugees from Rwitter should consider that maybe its not the social media platform that's the problem, but they themselves. Radical concept, I know.

And Twitter, sorry, X, seems a lot better lately.

The beauty of Bluesky is that it will be a fascinating social experiment. Progressive purists are self-selecting to create an ecosystem there. But either someone will say something interesting and be driven back to X or things are going to get very boring very fast. It will become a 24/7 religious service with very specific mantras that will be repeated constantly.

 

[AceDesSpades]

seems to travel well