Facebook’s 99%: Later employees may pay almost double the tax rate
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Facebook’s 99%: Later employees may pay almost double the tax rate
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Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#2[deleted]
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#3Meet Facebook's 1% http://news.ycombinator.com/item?id=3561273
Shows you how out of the loop I am about Facebook, I didn't even know who this was
Dustin Moskovitz has a 5% stake in Facebook, which for an $85 billion company would equate to $4.25 billion. That's around $157 million for every year of his life.
(if I understand it right, he only will pay 15% tax on that - and Forbes says he has 7.6% stake, not 5%)
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#4Yes, this is truly tragic.
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#5Can we please knock off the nonsense of this "Buffett secretary" talking point? Debbie Bosanke is estimated to make north of $200k per year, while Buffet is paying capital gains rates. Of course her rate is higher.
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#6Can we please knock off the nonsense of this "Buffett secretary" talking point? Debbie Bosanke is estimated to make north of $200k per year, while Buffet is paying capital gains rates. Of course her rate is higher.
"Of course her rate is higher."
I think the vast majority of people would expect a billionaire to pay a higher tax rate than an upper middle class person. I wouldn't call that nonsense.
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#7[deleted]
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#8Can we please knock off the nonsense of this "Buffett secretary" talking point? Debbie Bosanke is estimated to make north of $200k per year, while Buffet is paying capital gains rates. Of course her rate is higher.
"Of course her rate is higher." I think the vast majority of people would expect a billionaire to pay a higher tax rate than an upper middle class person. I wouldn't call that nonsense.
I'm sure that you're right, but then the vast majority of people are easily swayed by cheap political rhetoric. If they're playing by the same rules, which it appears that they are, then what's the problem? It's not like he hasn't already paid income tax on that money the first time he earned it, and his absolute tax bill is vastly larger than hers is.
If not being jealous and covetous of those who make more than I do puts me in the minority, then I guess that's where I'm at. Sadly, I believe that to be the case.
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#9Earlier quoted context omitted.
"Of course her rate is higher." I think the vast majority of people would expect a billionaire to pay a higher tax rate than an upper middle class person. I wouldn't call that nonsense.
I'm sure that you're right, but then the vast majority of people are easily swayed by cheap political rhetoric. If they're playing by the same rules, which it appears that they are, then what's the problem? It's not like he hasn't already paid income tax on that money the first time he earned it, and his absolute tax bill is vastly larger than hers is. If not being jealous and covetous of those who make more than I d…
Capital gains are not really double taxation. Sure he paid tax, but then he earned more. Many countries charge income and capital gains at exactly the same rate, eg the UK does now.
Re: Facebook’s 99%: Later employees may pay almost double the tax rate
#10Can we please knock off the nonsense of this "Buffett secretary" talking point? Debbie Bosanke is estimated to make north of $200k per year, while Buffet is paying capital gains rates. Of course her rate is higher.
"Of course her rate is higher." I think the vast majority of people would expect a billionaire to pay a higher tax rate than an upper middle class person. I wouldn't call that nonsense.
Depends. The entire quip plays on peoples assumption they're both employees taking a standard wage and are "equal" besides the amounts. Unless I'm mistaken, Warren Buffet makes money from the ownership he holds, not as a salary, so the assumption people make ("of course he pays more", "what, he doesn't?!") is because they assume he's an employee and equal in everything but the amount, which isn't the case. He makes his money (a variable amount) from ownership, not work. If you prefaced the statement with an explanation of how he pays capital gains and not income tax because of the different types of money nobody would be confused / surprised.