Viewing profile — SiliconSplash

If that is the case that is insane. In any event, that doesn't mean that other rich people don't restructure their income.

No I did not. It will be something that can be solved. It isn't going to be solved tomorrow, sure. But the world isn't static. If the right incentives exists, a solution will be fo…

Only when they are sold , or if you receive dividends. If he doesn't sell them he doesn't pay tax on them. He can then leverage those stocks BTW to receive loans, which he won't pa…

It is not really a fair comparison between an iPhone and the Librem because the Librem is catering for a completely different market. The phone itself is quite different in some re…

I notice in almost all these conversations is that many pretend that things will stay exactly the same forever and people won't follow incentives.

> Even most rich people are full time employees. E.g. corporate CEOs: https://www.forbes.com/sites/antoinegara/2016/09/01/apple-ce ... Umm. Tim was taxed there for selling his shar…

> That doesn't account for steel, aluminum, vehicles, etc. We import $12B of aluminum alone, $51B of vehicles, etc. etc. etc.[0] The large majority of stuff we import is raw goods …

Yes it does if you understand the context. We are comparing having similar tariffs with 0% income tax to the current situation which is income tax and some Tariffs. If the income t…

The US can be energy independent and was IIRC under Trump's first term. The point of the tariff is to increase domestic production, which is entirely possible.

I know it has nothing to do with being rich. I know middle class people do this in the US. He was asking how people could avoid it, the simplest way is to become a contractor/consu…

https://news.ycombinator.com/item?id=43091919 I give an example of how you would do it in the UK. Similar restructuring can be done in the US.

That is why many people become contractors/consultants/freelance when they are in the higher tax bands. Which was the point I was making, if people are being smart they will try to…

Yes I know. But often it is not worth going into the upper band at all unless you towards the top of that band. I am equating my own time, stress etc into this calculation and not …

> Trying really hard to refrain from a snarky response, because this analysis is 100% incorrect. First, where do you think a substantial portion of food, drink and disposable items…

> The threshold to enter top 10% is only 180K "*Only*" That is a lot of money for most people. How the other half live! > The threshold to enter top 10% is only 180K Yes. I was doi…

You can structure your income to be more tax efficient if you aren't a full time employee. Most people in the top 10% of wealth will be structuring their income in such a way to av…

They don't necessarily even pay that as they leverage existing assets and get loans.

> Upper income people will be fine with a 10-25% increase in cost of things they purchase. Regular income taxes are progressive. This is assuming you are buying goods that are outs…

I suggest you re-read the thread, because it is quite clear.

There obviously was a misconception as evidenced in the link I provided. But believe what you wish.

The biggest problem with the term "Free Speech" is that almost everyone makes exceptions for things that they believe should be restricted/censored. Therefore the only standard sho…

Maybe it is a bit of both. However the end result is the discourse online is frequently frames on the idea that the if you are part of Group A, then Group B is full of sycophants. …

I was simply pointing out two common misconceptions. There are obviously some restrictions on speech in every nation. However in the US the restrictions on speech by the state are …

> Not a Lawyer, but threatening to kill someone is not protected by free speech right? It depends on context. The legal test is called the "Imminent Lawless Action" Test in the US.…

Well that isn't quite right. The original idiom came out of an earlier supreme court ruling that was partially overturned by later rulings on the matter: > Ultimately, whether it i…