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. Michael Saylor explains how STRC is designed as a generational wealth tool - and why the tax structure makes it unlike anything else in fixed income. "When you receive the dividend, you reduce your basis in the investment by the amount of the dividend. So if we pay...

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MR SHIFT 🦁

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11,002 görüntüleme • 3 ay önce •via X (Twitter)

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What another AMAZING “coincidence” California had just passed new tax laws, if your home burns down and you don’t rebuild within 2 years (impossible in California) you lose your tax basis. Your property taxes SKYROCKET to the new values of the property “Think about a home that was purchased many years ago for $5 million. Let's say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn't transfer the tax basis, you're looking at like $400,000 a year that they would have to pay” “In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.” So some of the most expensive homes and properties the entire world now will get reassessed to pay maximum property tax values….
0:59

What another AMAZING “coincidence” California had just passed new tax laws, if your home burns down and you don’t rebuild within 2 years (impossible in California) you lose your tax basis. Your property taxes SKYROCKET to the new values of the property “Think about a home that was purchased many years ago for $5 million. Let's say they were paying $65,000 a year in property taxes. Property goes up a lot over time, especially in these areas. Maybe the value today is $30 million. They go to rebuild it. If it was not, if they couldn't transfer the tax basis, you're looking at like $400,000 a year that they would have to pay” “In 2020, California voters approved a bill that basically said that if your house burns down in a fire, you can transfer the tax basis of that property to something that you buy or something that you build. But you only have two years to do it.” So some of the most expensive homes and properties the entire world now will get reassessed to pay maximum property tax values….

Wall Street Apes

3,035,907 görüntüleme • 1 yıl önce

STRATEGY'S STRC IS PERFECT FOR YIELD-SEEKING RETIREES. STRC pays monthly cash dividends- at an amazing 11.25% rate. STRC maintains stable share value (near $100/share) so retirees don't need to ride out volatile swings in their principal. STRC's dividend payments are Tax Deferred! You pay no tax when you receive dividends.
8:09

STRATEGY'S STRC IS PERFECT FOR YIELD-SEEKING RETIREES. STRC pays monthly cash dividends- at an amazing 11.25% rate. STRC maintains stable share value (near $100/share) so retirees don't need to ride out volatile swings in their principal. STRC's dividend payments are Tax Deferred! You pay no tax when you receive dividends.

Betirement

190,266 görüntüleme • 6 ay önce

Tax expert explains what happens if you owe millions to the IRS and can’t pay “If you owe the IRS and you legitimately don’t have the money to pay them, you have two options. You can either get on a payment plan or you can do an offer in compromise” “Now the payment plan only works if your tax bill is $50,000 or less. So if you’re making millions and you owe millions, you’re in a situation here” “This is where the offer in compromise comes in. The IRS knows you probably aren’t going to be able to pay them back with the income that you currently have sitting inside your savings account or the income that they can see coming in” “So if you can show that you’ve had a negative economic gain, you’re making less money, you’re not able to really grow your revenue, they will start to focus on creating a compromise with you” “We call these OICs. This is where you offer the IRS a reduced amount and you compromise on that amount and hopefully you can pay that in a lump sum and be able to rid away with your IRS debt” “Or what they’ll also allow for you to do is pay a percentage of it in a lump sum and then get the rest on a payment plan”
1:09

Tax expert explains what happens if you owe millions to the IRS and can’t pay “If you owe the IRS and you legitimately don’t have the money to pay them, you have two options. You can either get on a payment plan or you can do an offer in compromise” “Now the payment plan only works if your tax bill is $50,000 or less. So if you’re making millions and you owe millions, you’re in a situation here” “This is where the offer in compromise comes in. The IRS knows you probably aren’t going to be able to pay them back with the income that you currently have sitting inside your savings account or the income that they can see coming in” “So if you can show that you’ve had a negative economic gain, you’re making less money, you’re not able to really grow your revenue, they will start to focus on creating a compromise with you” “We call these OICs. This is where you offer the IRS a reduced amount and you compromise on that amount and hopefully you can pay that in a lump sum and be able to rid away with your IRS debt” “Or what they’ll also allow for you to do is pay a percentage of it in a lump sum and then get the rest on a payment plan”

Jack

862,744 görüntüleme • 5 ay önce

Saylor telling you how you can get 10% tax-free dividends with $STRC: "The tax-equivalent yield is 16-20%. It's like a bank paying you 20% interest. It's because we're built on Bitcoin. A Bitcoin treasury company is the most tax-efficient fixed income generator in the world."
1:19

Saylor telling you how you can get 10% tax-free dividends with $STRC: "The tax-equivalent yield is 16-20%. It's like a bank paying you 20% interest. It's because we're built on Bitcoin. A Bitcoin treasury company is the most tax-efficient fixed income generator in the world."

Adam Livingston

1,043,048 görüntüleme • 10 ay önce

David david friedberg says we need to close tax loopholes: "Literally everyone's going to hate me over this, but it's the only way." "Any time there's a loophole that lets people transfer one asset for another without paying tax on the gain, because it's called a tax-free transfer, you have to cut all that." "If you don't cut all that, then people are compounding value without paying taxes when they're realizing value along the way." "That's what's unfair about the tax code today. If you invest in a company, a startup, and it goes well, it's not really fair for you to take the money you just made in that startup and not pay your tax and go buy another stock and keep growing your value." "And for the inheritance tax, there should be a step-up." "People don't realize this, but this is another problem, which is if you die and you have a large asset base, your inheritors get to use the original, the value transfers, and they get the step-up on their basis." "So now when they ultimately sell, no one paid the delta between what you paid and what they got it at. No one paid that tax." "But none of it matters if we don't stop the wasteful spending on housing, education, and healthcare."
2:19

David david friedberg says we need to close tax loopholes: "Literally everyone's going to hate me over this, but it's the only way." "Any time there's a loophole that lets people transfer one asset for another without paying tax on the gain, because it's called a tax-free transfer, you have to cut all that." "If you don't cut all that, then people are compounding value without paying taxes when they're realizing value along the way." "That's what's unfair about the tax code today. If you invest in a company, a startup, and it goes well, it's not really fair for you to take the money you just made in that startup and not pay your tax and go buy another stock and keep growing your value." "And for the inheritance tax, there should be a step-up." "People don't realize this, but this is another problem, which is if you die and you have a large asset base, your inheritors get to use the original, the value transfers, and they get the step-up on their basis." "So now when they ultimately sell, no one paid the delta between what you paid and what they got it at. No one paid that tax." "But none of it matters if we don't stop the wasteful spending on housing, education, and healthcare."

Molly O’Shea

29,964 görüntüleme • 2 ay önce

The New Income Tax regulations will impose 84% tax on all the cash that they find lying at your place. And everyone should know the regulations that are now coming to order. First, if you have unexplained cash at your home that the Income Tax Department finds, it will attract 84% penalty in total, including surcharges, cess and penalty... But how do you think the Income Tax Department shall find out? If you withdraw more than Rs 10 Lakh as cash from your savings account in a year... the bank will report it to the tax department. If you withdraw more than Rs 20 lakhs, the bank will deduct TDS. And if the tax department feels there is something shady, they can launch a search and seizure against you.
1:06

The New Income Tax regulations will impose 84% tax on all the cash that they find lying at your place. And everyone should know the regulations that are now coming to order. First, if you have unexplained cash at your home that the Income Tax Department finds, it will attract 84% penalty in total, including surcharges, cess and penalty... But how do you think the Income Tax Department shall find out? If you withdraw more than Rs 10 Lakh as cash from your savings account in a year... the bank will report it to the tax department. If you withdraw more than Rs 20 lakhs, the bank will deduct TDS. And if the tax department feels there is something shady, they can launch a search and seizure against you.

JIX5A

113,575 görüntüleme • 9 ay önce

Will you pay tax on savings? If you need to how do you pay the tax? And the schemes the state encourages you to use, to reduce it. My new mini video briefing…
8:07

Will you pay tax on savings? If you need to how do you pay the tax? And the schemes the state encourages you to use, to reduce it. My new mini video briefing…

Martin Lewis

534,535 görüntüleme • 1 yıl önce

Dave Ramsey explains why the government stopped making you pay your taxes by hand, and what would happen if it started again. RAMSEY: “If we brought this back, there would be a revolution. People would burn Washington, DC, down. “If the tax person from the IRS had to stand in the lobby of your company, and you got paid in cash, and you had to take your cash and hand it to the tax collector and count it out every time you got paid, people would realize how big a tick on your butt the government is, how big a parasite the government is. “And they would, I’m telling you, there’d be pitchforks and torches. “If you actually saw and physically had to take possession of the money and then give it back in cash to the government when you got paid, people’s faces would melt off.” KAMEL: “Just the amount of $100 bills you’re just giving to the IRS for doing nothing. That hurts. It would be a Tea Party round two.” RAMSEY: “So it was a really brilliant idea to do income tax withholding.” KAMEL: “Just make it all behind the scenes.” RAMSEY: “Brilliant psychological trick.”
1:39

Dave Ramsey explains why the government stopped making you pay your taxes by hand, and what would happen if it started again. RAMSEY: “If we brought this back, there would be a revolution. People would burn Washington, DC, down. “If the tax person from the IRS had to stand in the lobby of your company, and you got paid in cash, and you had to take your cash and hand it to the tax collector and count it out every time you got paid, people would realize how big a tick on your butt the government is, how big a parasite the government is. “And they would, I’m telling you, there’d be pitchforks and torches. “If you actually saw and physically had to take possession of the money and then give it back in cash to the government when you got paid, people’s faces would melt off.” KAMEL: “Just the amount of $100 bills you’re just giving to the IRS for doing nothing. That hurts. It would be a Tea Party round two.” RAMSEY: “So it was a really brilliant idea to do income tax withholding.” KAMEL: “Just make it all behind the scenes.” RAMSEY: “Brilliant psychological trick.”

The Vigilant Fox 🦊

735,377 görüntüleme • 2 ay önce

The IRS is giving you a 100% write-off for buying Bitcoin miners. Under current tax law, Bitcoin mining hardware qualifies for 100% bonus depreciation. That means if you are a business owner or investor, you can write off the entire cost of your miners this year. Keep in mind, it is for the year they are placed in service. So if you are planning to capture a deduction on your April 2027 tax bill, your miners need to be hashing prior to December 31, 2026. If you have capital gains, passive income, or just a big tax bill, this is one of the most sophisticated ways to achieve a write-off and achieve Bitcoin exposure. If you are serious about building wealth and reducing your tax burden, this is the move.
0:28

The IRS is giving you a 100% write-off for buying Bitcoin miners. Under current tax law, Bitcoin mining hardware qualifies for 100% bonus depreciation. That means if you are a business owner or investor, you can write off the entire cost of your miners this year. Keep in mind, it is for the year they are placed in service. So if you are planning to capture a deduction on your April 2027 tax bill, your miners need to be hashing prior to December 31, 2026. If you have capital gains, passive income, or just a big tax bill, this is one of the most sophisticated ways to achieve a write-off and achieve Bitcoin exposure. If you are serious about building wealth and reducing your tax burden, this is the move.

Simple Mining

73,924 görüntüleme • 6 ay önce

Magic of Dividend Taxation in Mutual Funds: “If you buy ITC shares directly and receive dividends, the dividend will be taxed according to your applicable slab rate.” “But if the same dividend is received by a mutual fund that holds ITC shares, you won’t be taxed on the dividend separately. Instead, when you sell your mutual fund units, the resulting gains will be taxed as capital gains.” “That tax deferral and the different character of taxation is the magic of investing through mutual funds.” - Neeraj Arora (Co-Founder at Edu91, Neeraj Arora 🇮🇳)
1:10

Magic of Dividend Taxation in Mutual Funds: “If you buy ITC shares directly and receive dividends, the dividend will be taxed according to your applicable slab rate.” “But if the same dividend is received by a mutual fund that holds ITC shares, you won’t be taxed on the dividend separately. Instead, when you sell your mutual fund units, the resulting gains will be taxed as capital gains.” “That tax deferral and the different character of taxation is the magic of investing through mutual funds.” - Neeraj Arora (Co-Founder at Edu91, Neeraj Arora 🇮🇳)

Kushal Lodha

57,175 görüntüleme • 15 gün önce

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."
1:33

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."

Eric Daugherty

1,255,520 görüntüleme • 1 yıl önce

An entire empire was overthrown over a two percent tax on a breakfast beverage. Look at what you tolerate now. You are taxed when you earn it. Taxed when you spend it. Taxed when you save it. Taxed when you invest it. And when you die, they tax whatever is left. That is not a system. That is a harvest. You commute in a car you paid sales tax to buy. You drive it on roads you were already taxed to build. You fill it with gas taxed by the gallon. When you sell that car, the next buyer pays sales tax on it again. The same car. Taxed every time it changes hands. You arrive at a job where your salary is cut before it ever touches your hands. If you work for yourself, you pay both sides. Two people on paper. Neither one keeps what they earned. Then you go home. Every bill you open has a government standing behind it with its hand out. You buy a house with money they already took their share of. Then they charge you property tax on it every year for the rest of your life. You want to renovate your own kitchen. You need a permit. You want to build a deck on your own land. You need a permit. You pay for the property. Then you pay for permission to use it. Stop paying property tax and they seize your home. Not because you missed a mortgage payment. Because you missed a payment to the government for the privilege of keeping what is already yours. You do not own your home. You rent it from the state. If you leave something behind for your children, they are taxed on what you were already taxed to earn. The same wealth. Taxed at every stage of your life. Then taxed one final time because you had the audacity to die. They found a way to monetize your absence. We are told this is the price of civilization. It is not. It is architecture. The most effective prison ever built is the one where the inmates believe they are free. They did not take your freedom. They priced you out of it. If you kept the full value of your labor, you would be free within years. Not decades. Years. The system cannot allow that. A machine built on consumption needs a consumer that never stops. You did not sign a social contract. You were assigned one. Now pay attention. They spent decades perfecting the extraction of your productivity. Now they are building the technology to replace you. AI is not coming for your job because corporations are greedy. It is coming because a system that already takes half your output just realized it can take all of it. Without needing you in the equation. You were never the point of this arrangement. You were the input. And the moment they engineer a cheaper one, you become a rounding error on a quarterly earnings call. They did not build AI to free you. They built it to finish what the tax code started. It was never about the tea. It was about the precedent. Today we hand over half our waking lives and thank them for the potholes. You do not live in a free economy. You live in a subscription you never signed up for. And the penalty for canceling is everything you have.
0:57

An entire empire was overthrown over a two percent tax on a breakfast beverage. Look at what you tolerate now. You are taxed when you earn it. Taxed when you spend it. Taxed when you save it. Taxed when you invest it. And when you die, they tax whatever is left. That is not a system. That is a harvest. You commute in a car you paid sales tax to buy. You drive it on roads you were already taxed to build. You fill it with gas taxed by the gallon. When you sell that car, the next buyer pays sales tax on it again. The same car. Taxed every time it changes hands. You arrive at a job where your salary is cut before it ever touches your hands. If you work for yourself, you pay both sides. Two people on paper. Neither one keeps what they earned. Then you go home. Every bill you open has a government standing behind it with its hand out. You buy a house with money they already took their share of. Then they charge you property tax on it every year for the rest of your life. You want to renovate your own kitchen. You need a permit. You want to build a deck on your own land. You need a permit. You pay for the property. Then you pay for permission to use it. Stop paying property tax and they seize your home. Not because you missed a mortgage payment. Because you missed a payment to the government for the privilege of keeping what is already yours. You do not own your home. You rent it from the state. If you leave something behind for your children, they are taxed on what you were already taxed to earn. The same wealth. Taxed at every stage of your life. Then taxed one final time because you had the audacity to die. They found a way to monetize your absence. We are told this is the price of civilization. It is not. It is architecture. The most effective prison ever built is the one where the inmates believe they are free. They did not take your freedom. They priced you out of it. If you kept the full value of your labor, you would be free within years. Not decades. Years. The system cannot allow that. A machine built on consumption needs a consumer that never stops. You did not sign a social contract. You were assigned one. Now pay attention. They spent decades perfecting the extraction of your productivity. Now they are building the technology to replace you. AI is not coming for your job because corporations are greedy. It is coming because a system that already takes half your output just realized it can take all of it. Without needing you in the equation. You were never the point of this arrangement. You were the input. And the moment they engineer a cheaper one, you become a rounding error on a quarterly earnings call. They did not build AI to free you. They built it to finish what the tax code started. It was never about the tea. It was about the precedent. Today we hand over half our waking lives and thank them for the potholes. You do not live in a free economy. You live in a subscription you never signed up for. And the penalty for canceling is everything you have.

Dustin

27,864 görüntüleme • 5 ay önce

French economist Thomas Piketty explains to Zack Polanski that how a local wealth tax should Include an exit tax, adding rich should pay their fair share in proportion: "Let me make very clear that individual countries like Britain or France can very well have uh, uh, progressive wealth tax and billionaire on their own right away." "They don't need to ask the permission of their neighbors or the United Nation, or they don't need to wait for world unanimity." "The only thing they need to do when they do wealth tax on their own is to make clear that if you have made your wealth in, in Britain for many decades by benefiting from the public services in Britain, by the legal system of Britain, because creating wealth, accumulating wealth is always the outcome, uh, of a collective process where you use institution, the legal system, the education system, the health system, the transportation system, the road system." "If you have benefited from this during many decades, you cannot simply walk away at age 50 or 60 or whatever and say, okay now, bye bye, I don't pay tax anymore." "So the first, the only important thing you need to do when you set up a wealth tax, say in Britain, is to say even if you go away, you keep paying." "The way the Americans do it, is by saying as long as you keep U.S. citizenship, you pay even if you're in Switzerland, wherever you want." "I don't think this is the best way." "I think a better way would be to make people pay in proportion to the years of, of residents that they have spent in the country." "So if you have spent your first 50 years in Britain, you move at age 51, well that's fine, do that." "But you know, you keep paying 50, 51st of the tax that you would have paid." "So the fiscal cost for the treasury is quite limited." "Yes, so that's the important point." "And once you have said that, I think all the arguments about tax evasion sort of fall down almost immediately." "Now people will tell you, oh, but you cannot do that." "Of course you can." "The problem is that we have put ourselves in a situation to think that the very specific treaties about capital flows, what we have come to call free capital flows that were set up in the 80s and 90s, are sort of law of nature." "The idea that you have a sacralized right to benefit from the public services legal system in a country as much as you want, and then you push on a button and you can transfer your assets wherever you want and nobody can follow you and nobody can make you pay." "And it's a sort of new sacralized right." "But look, this is a uh, completely crazy system." "This is a machinery to make normal people middle class and lower class people hate globalization." "And if you tell people there's nothing you can change about this." "There's nothing you can change about inequality, about economic policy." "We see the only thing government can do is to control their border for, uh, migrants." "And then of course, 20 years, 30 years later, the entire political conversation is about border control and identity." "But that's because you close the discussion entirely about, uh, uh, economic and fiscal policy." "So we have to reopen the discussion." "And the first thing to do that is to question free capital flows in the sense that you don't have the freedom to escape taxation after you have benefited from the public services and public institution of a country during so long." "So if you address this directly and make clear that you will keep paying in proportion to the number of years you have stayed in Britain, then um, um, I mean, you can also combine that with rules about the location of the assets themselves." "As long as the assets are located in Britain, of course you can make people pay." "But it's important to, to have also the number of years you've spent in the country so that even if you move your assets away, you keep paying and you don't have the choice otherwise your assets can be taken away from you if some of them are in Britain, if you return to Britain and you've not paid your tax, well, you will be subject to the sanction which anybody not paying your tax." "So that's the first big thing, is that you don't need to have a world wealth tax." "You can do a lot at the level of Britain." "And we should not use this global wealth tax idea as an excuse not to do at, uh, the country level what national governments can do at their own level."
4:24

French economist Thomas Piketty explains to Zack Polanski that how a local wealth tax should Include an exit tax, adding rich should pay their fair share in proportion: "Let me make very clear that individual countries like Britain or France can very well have uh, uh, progressive wealth tax and billionaire on their own right away." "They don't need to ask the permission of their neighbors or the United Nation, or they don't need to wait for world unanimity." "The only thing they need to do when they do wealth tax on their own is to make clear that if you have made your wealth in, in Britain for many decades by benefiting from the public services in Britain, by the legal system of Britain, because creating wealth, accumulating wealth is always the outcome, uh, of a collective process where you use institution, the legal system, the education system, the health system, the transportation system, the road system." "If you have benefited from this during many decades, you cannot simply walk away at age 50 or 60 or whatever and say, okay now, bye bye, I don't pay tax anymore." "So the first, the only important thing you need to do when you set up a wealth tax, say in Britain, is to say even if you go away, you keep paying." "The way the Americans do it, is by saying as long as you keep U.S. citizenship, you pay even if you're in Switzerland, wherever you want." "I don't think this is the best way." "I think a better way would be to make people pay in proportion to the years of, of residents that they have spent in the country." "So if you have spent your first 50 years in Britain, you move at age 51, well that's fine, do that." "But you know, you keep paying 50, 51st of the tax that you would have paid." "So the fiscal cost for the treasury is quite limited." "Yes, so that's the important point." "And once you have said that, I think all the arguments about tax evasion sort of fall down almost immediately." "Now people will tell you, oh, but you cannot do that." "Of course you can." "The problem is that we have put ourselves in a situation to think that the very specific treaties about capital flows, what we have come to call free capital flows that were set up in the 80s and 90s, are sort of law of nature." "The idea that you have a sacralized right to benefit from the public services legal system in a country as much as you want, and then you push on a button and you can transfer your assets wherever you want and nobody can follow you and nobody can make you pay." "And it's a sort of new sacralized right." "But look, this is a uh, completely crazy system." "This is a machinery to make normal people middle class and lower class people hate globalization." "And if you tell people there's nothing you can change about this." "There's nothing you can change about inequality, about economic policy." "We see the only thing government can do is to control their border for, uh, migrants." "And then of course, 20 years, 30 years later, the entire political conversation is about border control and identity." "But that's because you close the discussion entirely about, uh, uh, economic and fiscal policy." "So we have to reopen the discussion." "And the first thing to do that is to question free capital flows in the sense that you don't have the freedom to escape taxation after you have benefited from the public services and public institution of a country during so long." "So if you address this directly and make clear that you will keep paying in proportion to the number of years you have stayed in Britain, then um, um, I mean, you can also combine that with rules about the location of the assets themselves." "As long as the assets are located in Britain, of course you can make people pay." "But it's important to, to have also the number of years you've spent in the country so that even if you move your assets away, you keep paying and you don't have the choice otherwise your assets can be taken away from you if some of them are in Britain, if you return to Britain and you've not paid your tax, well, you will be subject to the sanction which anybody not paying your tax." "So that's the first big thing, is that you don't need to have a world wealth tax." "You can do a lot at the level of Britain." "And we should not use this global wealth tax idea as an excuse not to do at, uh, the country level what national governments can do at their own level."

Farrukh

246,048 görüntüleme • 1 ay önce

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast
2:35

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 görüntüleme • 8 ay önce

💸 ₹2 Crore Turnover. ₹0 Tax. 100% Legal. Here’s How! Yes, you read that right. If you run a small business, you can earn up to ₹2 crore in sales and still pay ZERO income tax, legally. Here’s the rule 👇 📌 Under Section 44AD (Presumptive Taxation) The Income Tax Department doesn’t tax your full profit.
1:08

💸 ₹2 Crore Turnover. ₹0 Tax. 100% Legal. Here’s How! Yes, you read that right. If you run a small business, you can earn up to ₹2 crore in sales and still pay ZERO income tax, legally. Here’s the rule 👇 📌 Under Section 44AD (Presumptive Taxation) The Income Tax Department doesn’t tax your full profit.

Mohini Maheshwari

68,126 görüntüleme • 7 ay önce

Why do we always run away from our responsibilities? The garbage you generate in your household it is important to pay a licensed company or CBO to dispose of it on your behalf if you cannot do it yourself. When you take responsibility for your waste, you reduce the cost of healthcare and improve your quality of life. Tuwajibike!
8:32

Why do we always run away from our responsibilities? The garbage you generate in your household it is important to pay a licensed company or CBO to dispose of it on your behalf if you cannot do it yourself. When you take responsibility for your waste, you reduce the cost of healthcare and improve your quality of life. Tuwajibike!

Geoffrey Mosiria

15,684 görüntüleme • 5 ay önce

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!
4:58

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!

John Hannam

46,485 görüntüleme • 2 ay önce

In 1931 Idaho created the income tax and named it the Property Tax Relief Act. You got the tax, but you never got the relief. 95 years later they still tax your home, your paycheck and nearly everything you buy. You are being taxed blind. I want to end property taxes in Idaho for good. We already passed two of the biggest relief bills in state history, and my own Idaho Republican Party put property tax elimination in its platform. Schools and fire stations can be paid for without putting a tax on your home. You should truly own the home and property that you’ve worked for. Comment END IT if you’re with me.
1:08

In 1931 Idaho created the income tax and named it the Property Tax Relief Act. You got the tax, but you never got the relief. 95 years later they still tax your home, your paycheck and nearly everything you buy. You are being taxed blind. I want to end property taxes in Idaho for good. We already passed two of the biggest relief bills in state history, and my own Idaho Republican Party put property tax elimination in its platform. Schools and fire stations can be paid for without putting a tax on your home. You should truly own the home and property that you’ve worked for. Comment END IT if you’re with me.

Scott Herndon

17,816 görüntüleme • 11 gün önce

"Unless you want to give up your passport and your citizenship, you should pay tax here in Britain." Dale Vince says we should follow the US model of making citizens pay tax in the US regardless of residence, to stop the fear of the rich fleeing to tax havens. #StormandAlexis
4:06

"Unless you want to give up your passport and your citizenship, you should pay tax here in Britain." Dale Vince says we should follow the US model of making citizens pay tax in the US regardless of residence, to stop the fear of the rich fleeing to tax havens. #StormandAlexis

Jeremy Vine & Daytime on 5

12,643 görüntüleme • 2 ay önce