I thought virgins only wear white?

[jsdspif]

I thought white wedding dresses meant the bride was virgin? or is that just not so? my wife was virgin when we married about a week or so after her 18th. Strict roman catholic phillippine upbringining and although it's what evr the aunt that raised her thought virgin is mor valuable but that was no influence. I'm happy to say I met my wife 30 years ago today and it was awesome, we've been exes for 21 years or so because the deal was "if you want to move on, move on" Wehad 7 years, 6 years were great,



Back to white dress , bezos wife , I can't stand that fucker, I forget the percentages but I made 7000 *seven thousand dollars last year) as in less than 10,000 and I paid 1000 in federal taxes , and I see bezos paid reallynothing on his 185 billionor whatever, so if you can explain that go for it. As for her , she has children, so I guess white wedding dress only for virgin isn't a thing? I'll be first to admit I'm jealous of bezos, not because of anything besides the fact he doesn't pay taxes. Why do I pay 1000 on 7000 earned and he pays pretty close to nothing.

[Animal]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

[CHEEZY17]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

[Animal]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

The one thing that Bezos does that I dont' fully understand is that he borrows against his stock assets. The cash that he gets from the "loan" isn't taxable because it isn't income. So that's how he can drum up the amount of cash it takes to rent Venice. However, I don't understand where he gets the cash to repay the loan. I can see that as a short term solution to generating cash without income taxes, but how long will those lenders wait to be repaid. And the repayment would eventually have to come out of stock sales.

[B-Tender]

I thought white wedding dresses meant the bride was virgin? or is that just not so? my wife was virgin when we married about a week or so after her 18th. Strict roman catholic phillippine upbringining and although it's what evr the aunt that raised her thought virgin is mor valuable but that was no influence. I'm happy to say I met my wife 30 years ago today and it was awesome, we've been exes for 21 years or so because the deal was "if you want to move on, move on" Wehad 7 years, 6 years were great,



Back to white dress , bezos wife , I can't stand that fucker, I forget the percentages but I made 7000 *seven thousand dollars last year) as in less than 10,000 and I paid 1000 in federal taxes , and I see bezos paid reallynothing on his 185 billionor whatever, so if you can explain that go for it. As for her , she has children, so I guess white wedding dress only for virgin isn't a thing? I'll be first to admit I'm jealous of bezos, not because of anything besides the fact he doesn't pay taxes. Why do I pay 1000 on 7000 earned and he pays pretty close to nothing.

Are you self employed, or a W2 employee? If you are self employed, you didn't pay income tax on that seven thousand, you paid self employment tax of 15.3% for social security and Medicare.

[CHEEZY17]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

The one thing that Bezos does that I dont' fully understand is that he borrows against his stock assets. The cash that he gets from the "loan" isn't taxable because it isn't income. So that's how he can drum up the amount of cash it takes to rent Venice. However, I don't understand where he gets the cash to repay the loan. I can see that as a short term solution to generating cash without income taxes, but how long will those lenders wait to be repaid. And the repayment would eventually have to come out of stock sales.

So I've mentioned this before: Mrs. Cheezy works for a very successful private investment firm so she sees all of the inner workings of these ultra wealthy folks. She sees the money movements and payments for the new houses, land, boats, cars etc.
Here is what she has told me:
Almost all of these big dollar transactions from those folks are off of a line of credit.
They will put 1 million (or whatever) into a money market earning "X" percent and since they have hundreds of millions of stocks etc. carried by these big houses they have an enormous line of credit secured by their investment portfolio which they can access at a very favorable rate.
They then pay for everything via the line of credit, also at "X" percent, but that percent they pay is LESS than the percent that they EARN via the money in their money market. They get all of the stuff they want and actually MAKE money on it because the money market rate is still higher than the rate their paying for the line of credit.
I'm not entirely sure this is how it works but I think so. The thing I do know is that they use their line of credit almost exclusively.

[Animal]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

The one thing that Bezos does that I dont' fully understand is that he borrows against his stock assets. The cash that he gets from the "loan" isn't taxable because it isn't income. So that's how he can drum up the amount of cash it takes to rent Venice. However, I don't understand where he gets the cash to repay the loan. I can see that as a short term solution to generating cash without income taxes, but how long will those lenders wait to be repaid. And the repayment would eventually have to come out of stock sales.

So I've mentioned this before: Mrs. Cheezy works for a very successful private investment firm so she sees all of the inner workings of these ultra wealthy folks. She sees the money movements and payments for the new houses, land, boats, cars etc.
Here is what she has told me:
Almost all of these big dollar transactions from those folks are off of a line of credit.
They will put 1 million (or whatever) into a money market earning "X" percent and since they have hundreds of millions of stocks etc. carried by these big houses they have an enormous line of credit secured by their investment portfolio which they can access at a very favorable rate.
They then pay for everything via the line of credit, also at "X" percent, but that percent they pay is LESS than the percent that they EARN via the money in their money market. They get all of the stuff they want and actually MAKE money on it because the money market rate is still higher than the rate their paying for the line of credit.
I'm not entirely sure this is how it works but I think so. The thing I do know is that they use their line of credit almost exclusively.

Okay. I can understand that. But where do they get the money to pay back the line of credit? At some point it takes some income to pay for any of this.

[CHEEZY17]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

The one thing that Bezos does that I dont' fully understand is that he borrows against his stock assets. The cash that he gets from the "loan" isn't taxable because it isn't income. So that's how he can drum up the amount of cash it takes to rent Venice. However, I don't understand where he gets the cash to repay the loan. I can see that as a short term solution to generating cash without income taxes, but how long will those lenders wait to be repaid. And the repayment would eventually have to come out of stock sales.

So I've mentioned this before: Mrs. Cheezy works for a very successful private investment firm so she sees all of the inner workings of these ultra wealthy folks. She sees the money movements and payments for the new houses, land, boats, cars etc.
Here is what she has told me:
Almost all of these big dollar transactions from those folks are off of a line of credit.
They will put 1 million (or whatever) into a money market earning "X" percent and since they have hundreds of millions of stocks etc. carried by these big houses they have an enormous line of credit secured by their investment portfolio which they can access at a very favorable rate.
They then pay for everything via the line of credit, also at "X" percent, but that percent they pay is LESS than the percent that they EARN via the money in their money market. They get all of the stuff they want and actually MAKE money on it because the money market rate is still higher than the rate their paying for the line of credit.
I'm not entirely sure this is how it works but I think so. The thing I do know is that they use their line of credit almost exclusively.

Okay. I can understand that. But where do they get the money to pay back the line of credit? At some point it takes some income to pay for any of this.

I believe the payments are taken from the money market account.
Now, if your next question is "But where does the money come from to create the money market account?" That would be from sales, or dividends from their securities thus creating a taxable event (I think?). That's why some of these folks have lines of credit of many many many millions so all they have to do is create the money market account once of a big enough nature.
I admit I'm not an expert here. I am simply trying to piece some things together from what my wife tells me about handling these gigantic accounts.
Maybe Bartender can give some insight into the taxable implications here?

[Animal]

the secret to Jeff Bezos' ability to "dodge" income taxes is really very simple. And there is nothing sinister about it.

He is paid a relatively low salary by Amazon. And that salary IS taxed exactly like your $7,000 and everyone else's paycheck stubs. But the bulk of his income is through the appreciate of his stock values. And those values are only taxed when they are sold. And he simply doesn't sell stock every year. In the years that he does sell stock, he pays tremendous amounts of taxes. And Amazon stocks don't pay dividends so there aren't any taxes due on dividend income.

Warren Buffet's wealth is mostly in stocks. But he is known for buying stocks that pay dividends. So even in years that he wouldn't pay taxes on stock gains, he would still have to pay taxes on dividend income.

You can bet that every penny that Jeff Bezos (or anyone else makes) will ultimately be taxed by the IRS. There are loop holes to defer taxes, but not many to eliminate them.

These retarded lefties think Bezos and Musk etc. are cashing a billion dollar payroll check every other week.

The one thing that Bezos does that I dont' fully understand is that he borrows against his stock assets. The cash that he gets from the "loan" isn't taxable because it isn't income. So that's how he can drum up the amount of cash it takes to rent Venice. However, I don't understand where he gets the cash to repay the loan. I can see that as a short term solution to generating cash without income taxes, but how long will those lenders wait to be repaid. And the repayment would eventually have to come out of stock sales.

So I've mentioned this before: Mrs. Cheezy works for a very successful private investment firm so she sees all of the inner workings of these ultra wealthy folks. She sees the money movements and payments for the new houses, land, boats, cars etc.
Here is what she has told me:
Almost all of these big dollar transactions from those folks are off of a line of credit.
They will put 1 million (or whatever) into a money market earning "X" percent and since they have hundreds of millions of stocks etc. carried by these big houses they have an enormous line of credit secured by their investment portfolio which they can access at a very favorable rate.
They then pay for everything via the line of credit, also at "X" percent, but that percent they pay is LESS than the percent that they EARN via the money in their money market. They get all of the stuff they want and actually MAKE money on it because the money market rate is still higher than the rate their paying for the line of credit.
I'm not entirely sure this is how it works but I think so. The thing I do know is that they use their line of credit almost exclusively.

Okay. I can understand that. But where do they get the money to pay back the line of credit? At some point it takes some income to pay for any of this.

I believe the payments are taken from the money market account.
Now, if your next question is "But where does the money come from to create the money market account?" That would be from sales, or dividends from their securities thus creating a taxable event (I think?). That's why some of these folks have lines of credit of many many many millions so all they have to do is create the money market account once of a big enough nature.
I admit I'm not an expert here. I am simply trying to piece some things together from what my wife tells me about handling these gigantic accounts.
Maybe Bartender can give some insight into the taxable implications here?

Well, if you take a big event to pull out some money that is taxable it seems to me that you have defeated the entire purpose. I get that there is something to their madness, otherwise they wouldn't jump through so many hoops. I just don't understand how it works. The only way I could see that it works is like this.

You have a gazillion $ in stocks. You use some of that to secure a line of credit for $1 million. Then when that line of credit needs to be repaid you take out another line of credit for $2 million. Use $1 million of it to repay the first line and now you ahve another $1 million in cash. Then when that comes do you take out a $3 million line of credit, etc......

But, at some point you are going to have to pay the piper.

[B-Tender]

I don't do returns for billionaires, so there's a lot that I don't know. At some point they have to pay tax on capital gains. The top capital gains rate is 20%, which is a lot lower than 37% for personal income. I would assume their corporation pays for a lot of living expenses.

Edit: There is also a 3.8% net investment tax