In other words, he will steal $600M from the public by this move.
Tax evasion is theft.
Tax Advoidance isn’t theft though.
No I don’t get it either esp considering this
Explain tax evasion, in legal terms, because you accused him of a crime.
I want higher taxes on people like this too but are you trying to argue he shouldn’t be able to move?
Or that he should be subject to taxes in a state which he doesn’t live in anymore?
If I had 200 dollars and someone would offer me 60 cents for moving to Miami, I would not move.
If someone offered me $600M to move to Miami, I would offer someone $300M to move to Miami and pocket the rest
How long do I have to stay? I can buy someplace, lock the door and just be a shut in for a while.
He doesn’t have a billion dollars in cash
His net worth is just under $200 billion.
He could easily liquidate 1 billion of that to cash.
I just want healthcare.
Would you settle for some aircraft carriers?
As long as Ukraine gets them, I guess. Sheesh 🥲
I love that I have a way hotter wife than the richest man on earth, his looks plastic
Everyone’s got different taste.
Billionaires typically have the weirdest, like children
I mean, he’s a robot, so he’s prolly rather into that artificial look.
Not trying to defend this shit bag, but looks aren’t everything.
If the only quality your wife has is “being hot” then I am afraid you lost.
Yeah. She’s not a good digging plastic bimbo. That guy with his hot wife who presumably loves him for who he is clearly lost.
Sounds like something an incel would say
Maybe he doesn’t care how she looks and is just happy she will hold hands with him.
Lol yeah ok
Get rid of income taxes and do a national Land Value Tax on all business properties instead, like Henry George talked 145 years ago, problem solved.
Okay, but Bezos makes the bulk of his money on intellectual property and service fees, not physical real estate.
What you’re proposing is still, fundamentally, a tax cut for Tech guys and a big tax hike on the agricultural / mineral / business real estate sectors. It also sets up this very fluid goalpost of “What is an acre of land worth?”
We play this game in Texas, and there’s an enormous incentive for regional economic interests to decide who the Texas Comptroller and Texas Railroad Commissioner is, because these two get to functionally dictate how much tax will be collected on land assets. By contrast, the head of the IRS taxes all dollars equally.
You make some really good points here. I’m a Texas resident as well, so I’ve seen the f’ery the State gov does in favor of the politically connected cronies first hand too (e.g. the 5000+ uncapped nat gas wellheads that the tax payers are stuck with health and clean up costs on instead of the companies that profited on them). But the thing with a nationally applied tax is not subjected to the cheaply bought corruption of the State and local officials (although I will agree that on a Federal level even more f’ery can happen, which is why the Federal income tax is being turned ever more into a penalty on so called “middle class” earners, rather than a tax solely on the wealthiest among us, which is how it was done when it was first introduced in 1913).
The thing is that income can easily be hidden, moved or not reported, and it takes lots of resources at both the business and bureaucratic level to track and account for it. And it’s way easier for the uber-wealthy to hide their assets, or to use political influence to create income tax loopholes, than it is for to do that for those that live from paycheck to paycheck. Where as it’s a lot easier to know who owns a property and what they are doing with it. And a nationally applied tax can’t be avoided simply by moving to another State.As for “What is an acre of land worth?” - with a Land Value Tax you are basing that on the market value of solely the “unimproved” plot of land in an area, so that someone with an empty lot pays the same tax as someone with a huge apartment tower on the plot next door. That way, the LVT does not discourage developing, farming, mining or building in the way a standard property tax (which charges more based on what is on top of the land) does.
As far as exemptions to the LVT goes, I’d say no one should ever be forced to pay rent to the government in perpetuity on their actual home, so a homestead exemption for primary residences should be put in place for sure. Multi-million vacation homes and air bnb’s, seem to me should be paying a national LVT though. But buildings that are all apartments seem to me should also receive exemptions, so that housing development is not discouraged by implementing the tax. Another positive thing with putting the LVT on office buildings is that it incentivises allowing remote working for businesses.
Also - on an ethical level, I’d say by default people are entitled to the entire fruits of their justly engaged in labors, and that taxes are optimally applied via “pigouvian” paradigms, where those that are creating “negative externalities” have to pay the rest of society for the damages in health, clean up and congestion costs they are putting onto others. In other words, in a better world we would just tax polluters rather than wage earners. I will grant that creating a purely pigouvian taxation system has some big issues in how it is assessed and applied though, so that’s where the LVT can help as alternative.
I can also grant that completely replacing the massive revenues that come from income tax with an LVT might shift too much taxation onto some - in which case I’d say a good transition to try would be replacing the payroll tax (for which the Federal gov takes in over $1 Trillion in revenue a year) with the LVT. Payroll taxes to me seem to be the most evil tax, as they penalize both those who are earning wages as well as burdening businesses that are employing people.
Anyway - not holding my breath for any of these proposed changes, just playing wish upon a star, trying to think of better ways of funding needed services without descending into enabling blatant governmental theft and corruption.
The thing is that income can easily be hidden, moved or not reported, and it takes lots of resources at both the business and bureaucratic level to track and account for it.
That’s largely a consequence of our privatized financial system. Give everyone a Federal Reserve bank account, let people do fee-less banking at the Post Office, establish individual publicly available revolving credit at the prime rate equal to… idk, 10% of your net worth… for daily consumption and 50% for big ticket items. Suddenly everything becomes a lot easier to track and a lot cheaper to manage.
You’ll bankrupt the surviving credit card companies and every major retail bank. And, you know, that’ll cause some problems. But if we’re going to overhaul the entire underpinning of federal revenues, why not shoot for the moon?
As for “What is an acre of land worth?” - with a Land Value Tax you are basing that on the market value of solely the “unimproved” plot of land in an area
But that’s entirely speculative, as real estate markets fluctuate heavily from year to year. I watched my own house gain and lose over 30% in the course of a few years, during the housing boom/bust. And I’m just a humble starter-home guy living in a hot market, not some Blackrock / Berkshire Hathaway juggernaut juggle portfolios in the trillions.
Income taxes are great because income is inherently liquid. If you’re paying out at payroll, you’re never going to not have that money, because the tax comes off before it even hits your bank account. Land Value Taxes are trying to tax you on an illiquid asset. If you’re picking up a tab that fluctuates this heavily, you’re setting lots and lots of people up for a sudden surge in state-owned debts. And that’s a whole new kind of problem.
I’d say by default people are entitled to the entire fruits of their justly engaged in labors, and that taxes are optimally applied via “pigouvian” paradigms, where those that are creating “negative externalities” have to pay the rest of society for the damages in health, clean up and congestion costs they are putting onto others.
Listen, far be it for me to deny the man the sweat from his brow. However, what you’re talking about isn’t a tax issue, its a pay issue. As a contractor, I bill at $250/hr and get paid a meager $60. I’m soaked for 76% of my gross revenue before I even get issued a paystub.
If you want to abolish the wage relationship and guarantee everyone collects what they’re due, my ears are open. But I’m not sure whether I’m going to move mountains over the $10 the Feds collect after I’ve been scalped by my employer for $190.
That’s before you get into how pigouvian taxes are a bitch to calculate and heavily regressive if they aren’t properly amortized.
Anyway - not holding my breath for any of these proposed changes
No. The political system at the moment is nothing if not heavily gridlocked.
But I’ve seen conservatives and liberals alike push all sorts of fancy tax reform schemes. The big problem I see is that the tax benefits some folks get aren’t big enough to build popular support. And the tax hikes others get are guaranteed to provoke enormous outrage.
The only real path forward appears to be nibbling around the edges and refusing to fund the bulk of the IRS so nobody important ever actually gets punished for evasion.
They didn’t mention getting rid of those taxes. Just income tax.
Or, just get rid of capital gains taxes and tax it marginally at the regular rate.
I don’t think that would be really more effective as the federal income tax in the US caps at a really low rate.
What the fuck is up with her claw thing that’s grasping his hand???
I mean what the fuck is also up with him making a fist while she grasps her hand? Is that like some sort of manliness role play
she saw the photographer and she’s trying to hold him back from sucker-punching an Amazon warehouse worker he’s just spotted
She doesn’t look human.
The longer I look at this picture the more she looks like the bug in an Edgar suit.
You would think he could afford a more attractive sugar baby
He’s got an actual alien, that can’t be cheap
It is kinda a shame. If you look at some before and after pics of her, she had a great face.
Yeah, pretty much universal comment about all plastic surgeries
Oh good I was worried about his wealth poor fella
Imagine despising the country that facilitated the acquisition of your embarrassing hoard of wealth to begin with this much.
Does Jeff treat his parents that gave him a quarter million to start with this much disrespect as well? Or was their part in facilitating his success one that he actually acknowledges?
don’t dick moves like this create incentives for states to decrease tax?
Ostensibly. But the real value of a business owner isn’t in the personal taxes they pay, its in the taxes their staff pays. The bulk of Amazon’s workforce is going to stick to New York and California and Texas, because that’s where the major ports and transit hubs that Amazon needs to operate exist. These states will still rake in tens of billions from the 1.6M Amazon staffers who still need to do their jobs.
You work in the high tax states and retire to the low tax states. Bezos is functionally done being an executive. Now he’s just another coked up Miami fuckboi. But current CEO Andy Jassy will be staying in Capital Hill, Seattle for the tail end of his career because that’s where the actual work of running the Amazon corporation takes place.
yea maybe, I was more imagining like moving to avoid tax but given his level of income I hope he is not running away from a tax which amounts to like 1/1000th of his wealth. maybe he is just moving to move, but who knows…
maybe he is just moving to move, but who knows…
He’s a Cuban with family ties in Florida and a man who loves to cover himself in glitter paste and get horny in a pile of college co-eds. I gotta say, I don’t think its just about the tax rates. Otherwise, all billionaires would be living in Jackson Hole, Wyoming.
Why do all these shit bags keep moving to my swamp? Get out of my swamp!
who holds hands like that lmao
I zoomed in on the picture and her hand has only 3 fingers. Either a really bad photo or she’s got a claw
Lizard person confirmed.
Tax dodger piece of shit scum.
Just assumed he didn’t pay taxes.
Huh. So the Jeff Bezos Trump attacked regularly for being an ultra-left liberal pinko commie red not only moved to Florida, but moved to Florida so he wouldn’t have to pay as much tax.
That doesn’t make much sense… unless Trump’s assessment of him was wrong. But how likely is that?
