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In reply to the discussion: Snowflake Thiel plans to leave California over a f*cking ONE PERCENT "billionaires tax." ONE F*CKING PERCENT. [View all]
FBaggins
(28,618 posts)12. That's over a billion dollars for him
Avoiding a billion dollar expense by simply picking a new place to live sounds like an easy decision.
And it’s likely much more than that since his net worth is tied up in assets that would draw large capital gains taxes federally and in California if he had to sell them to pay the tax.
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Snowflake Thiel plans to leave California over a f*cking ONE PERCENT "billionaires tax." ONE F*CKING PERCENT. [View all]
Miles Archer
15 hrs ago
OP
Those poor Brits. The ultra right has done a great job of ginning raw hate up against immigrants, and
PatrickforB
7 hrs ago
#71
The ultra-rich can easily borrow against their assets to avoid triggering capital gains
unblock
15 hrs ago
#14
Bye bye Fuck face. You should move to Russia, Putin will help you save your pennies.
Autumn
14 hrs ago
#19
I wonder if a retroactive penalty tax would be legal should they leave for that reason.
cstanleytech
14 hrs ago
#24
Obviously his only principle in life is profit above all, no matter how small. What a small human being.
Martin68
14 hrs ago
#25
In addition to 16th amendment arguments, there's also a good argument that the apportionment rule applies
still-prayin4rain
6 hrs ago
#75
It was needed at the time because a later overturned SC case was the law of the land.
still-prayin4rain
5 hrs ago
#79
An immigrant from Germany who doesn't want to chip in for the good of Americans
Mblaze
13 hrs ago
#41
He would say it is the principle because he and most of his other oligarch companions' only
Bev54
12 hrs ago
#46
Wish they would all move to their compounds in Honduras and Costa Rica to live out their little randian fantasies.
pecosbob
12 hrs ago
#48
I'm appalled that my state wants a 1% increase in taxes for those with wealth over 1 billion dollars.
Buddyzbuddy
10 hrs ago
#61
They want their personal money in some place like Texas, but their investments still here.
paulkienitz
2 hrs ago
#80