61–70 of 305 posts
There's an opportunity zone adjacent to Palo Alto that extends into Menlo Park. It has a Four Seasons hotel in it. There are other areas nearby that could use the investment incentive a lot more IMO. Who decided on these zones? Seems totally arbitrary.
The wealthy
Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
I don't know why you're being downvoted. While I would commonly understand people want to avoid taxes, I think there's a real question in there: Why don't people want to contribute back to an environment that enabled their success? I have too many family members that will avoid acknowledging anything the government does for them. "The social contract."
Earlier quoted context omitted.
A state school professor (Berkeley) called out a private school professor (Stanford) for a $5k/hour BS consulting fee. How does that make your case?
That BS consulting fee comes from my taxes.
Don’t let clickbait distract you from the real pain.
Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
The government is not a charity. If they have deemed something to be non-taxable, it's because the government (and by extension, the people it represents) want to incentivize that particular activity, in this case investing in economically depressed areas. If at some point we no longer want to incentivize that behavior, the government can simply remove the tax break. Moralizing about how people shouldn't engage in th…
Not unless you're extremely rich or extremely poor, that is.
Earlier quoted context omitted.
That BS consulting fee comes from my taxes.
Strange that you pick a minuscule—nay, pissant —cost, when you could point to other waste that is literally millions of orders of magnitude greater. The BS consulting fee cost you perhaps a hundred-thousandth of a penny. The unnecessary war in Iraq cost you tens of thousands of dollars. Billions in subsidies to oil companies that are earning record-breaking profits is costing you hundreds of dollars. Don’t let clickb…
"the latest of a constant firehose"
Assuming this is about being a US citizen and doing this: Option B: Move to Puerto Rico, run your company from here, do Act 60, zero capital gains tax. It's challenging to build a successful billion-dollar-exit company in PR, though.
Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy.
Maybe if massively profitable businesses spent a bit more time doing the right thing then everyone would be happier.
Just a thought.
~ braces for inevitable downvotes ~
Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…