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+---- Thread: Truth Social going public net Trump estimated 2 to 4 BILLION (/Thread-Truth-Social-going-public-net-Trump-estimated-2-to-4-BILLION)
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - GMDino - 03-27-2024
(03-27-2024, 11:40 AM)HarleyDog Wrote: Don't hate the players, hate the game.
I don't hate either...as long as everyone gets to play.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - HarleyDog - 03-27-2024
(03-27-2024, 11:42 AM)GMDino Wrote: I don't hate either...as long as everyone gets to play.
Explain your response that my post was a socialist answer.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - GMDino - 03-27-2024
(03-27-2024, 12:11 PM)HarleyDog Wrote: Explain your response that my post was a socialist answer.What? Having the government take care of its citizens isn't socialist?
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Nately120 - 03-27-2024
(03-27-2024, 11:40 AM)HarleyDog Wrote: Don't hate the players, hate the game.
Isn't this one of those cases where we hate the people playing the game who also make the rules for the game and therefore are "the game?"
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - HarleyDog - 03-27-2024
(03-27-2024, 12:12 PM)GMDino Wrote: What? Having the government take care of its citizens isn't socialist?
Tax laws are what they are. You take advantage of them. I take advantage of them. Rich people take advantage of them, both Dem and GOP. Socialism, IMO, is the government raping us on taxes to begin with, while spending it in ridiculous ways I don't approve. I don't have a choice to pay, I am forced to pay.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - HarleyDog - 03-27-2024
(03-27-2024, 12:14 PM)Nately120 Wrote: Isn't this one of those cases where we hate the people playing the game who also make the rules for the game and therefore are "the game?"
I don't hate rich people. I'm happy for them for achieving what they have. If I wanted more, I could have done more. I do dislike ALL politicians.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - GMDino - 03-27-2024
(03-27-2024, 01:00 PM)HarleyDog Wrote: Tax laws are what they are. You take advantage of them. I take advantage of them. Rich people take advantage of them, both Dem and GOP. Socialism, IMO, is the government raping us on taxes to begin with, while spending it in ridiculous ways I don't approve. I don't have a choice to pay, I am forced to pay.
You're not forced to pay if you "take advantage" of the tax laws.
Unless you're also saying that the tax laws "are what they are" only for a select few and not for everyone?
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Mike M (the other one) - 03-27-2024
(03-27-2024, 01:32 PM)GMDino Wrote: You're not forced to pay if you "take advantage" of the tax laws.
Unless you're also saying that the tax laws "are what they are" only for a select few and not for everyone?
Are you not allowed t use the same tax laws?
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Belsnickel - 03-27-2024
(03-27-2024, 09:46 AM)HarleyDog Wrote: So, if what you say does happen, then investors write off the loss on taxes and thefederal governmentAmerican people pretty much paid for the $175 million judgment with a ton of money left over. Sounds to me like Trump is in a win-win.
Fixed that for you since, you know, whenever the federal government pays for anything it is coming out of our pockets.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - GMDino - 03-27-2024
(03-27-2024, 01:41 PM)Mike M (the other one) Wrote: Are you not allowed t use the same tax laws?
Ask Harley. He's the one "forced" to pay taxes.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Luvnit2 - 03-27-2024
(03-27-2024, 01:32 PM)GMDino Wrote: You're not forced to pay if you "take advantage" of the tax laws.
Unless you're also saying that the tax laws "are what they are" only for a select few and not for everyone?
Are you saying tax liability goes to zero if you use tax laws?
I suggest anyone complaining about anyone using (legal) tax laws should just write an extra check to your local, state and federal government since they are so confident their extra tax dollars would be used properly.
Why do liberals fail to understand basic business principals and taxes collected by the government? Businesses and business owners pay all kind of taxes in addition to any federal, state and local income tax paid.
They pay F.I.C.A. so employees can receive more money from social security or those disabled can be paid.
S.U.T.A. is state unemployment taxes for workers laid off (not necessarily workers they laid off) receive benefits.
F.U.T.A is federal unemployment tax used for unemployment (see above).
They pay worker's compensation taxes into a fund for injured workers on the job. They pay regardless but pay significantly more is one of their employees is injured.
They pay specialty taxes like the soft drink tax in Ohio.
This is just off the top my head a business owner pays in addition to their federal, state or local taxes by on their income.
I suggest everyone educate themselves as it is businesses and not the federal government making money to pay into the government. We are now over 34 trillion in debt, both parties have refused to follow a strict budget.
This poor handling of the taxpayers (businesses and individuals) paid taxes is the reason personally I don't want to pay them a dime more than equally required. It is like taking money and setting it on fire, give it to the government and is spent before they get it.
Next time someone says why does a business owner pay 11% and I pay 13% understand, that is federal tax only and is void of all of the other taxes paid by them ear marked for the various programs in the US.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Luvnit2 - 03-27-2024
(03-27-2024, 02:00 PM)GMDino Wrote: Ask Harley. He's the one "forced" to pay taxes.
Well, you can escape them if you are Hunter Biden or his sister.
They seem to think it is OK to not file tax returns or pay taxes owed.
Harley is 100% correct, we are forced by tax laws to pay our taxes. If we don't, we can end up in jail. But the Biden family is exempt.
It amazes me Joe can still campaign on everyone paying their fair share, but his own children do not.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - GMDino - 03-27-2024
(03-27-2024, 02:13 PM)Luvnit2 Wrote: Well, you can escape them if you are Hunter Biden or his sister.
They seem to think it is OK to not file tax returns or pay taxes owed.
Harley is 100% correct, we are forced by tax laws to pay our taxes. If we don't, we can end up in jail. But the Biden family is exempt.
It amazes me Joe can still campaign on everyone paying their fair share, but his own children do not.
You mean the taxes Hunter paid? They are still prosecuting him.
Innocent until proven guilty and all that jazz.
But in any case Harley said he was forced to pay but there are tax laws you can use to avoid paying. He should use them.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Nately120 - 03-27-2024
(03-27-2024, 01:05 PM)HarleyDog Wrote: I don't hate rich people. I'm happy for them for achieving what they have. If I wanted more, I could have done more. I do dislike ALL politicians.
There is a difference between rich people and rich people who use their wealth to get away with breaking rules so they stay wealthy and others are less able to become successful. I have more respect for an honest politician than a private citizen who is a total fraud.
Nancy Pelosi went from being an inside trading politician to an inside trading "rich person" so I'm supposed to say "fair play" or what? I don't think we're talking about the same thing here if you think I'm hateful towards rich people. I'm talking about the idea that it's ok to enrich yourself via dishonest methods if you already have enough money that you don't need your ill gotten gains.
Person A commits small time fraud and we say "throw his criminal ass in jail"
Person B steals via upper crust "everyone does it" fraud and we say if you have a problem with that you hate rich people?
(03-27-2024, 01:53 PM)Belsnickel Wrote: Fixed that for you since, you know, whenever the federal government pays for anything it is coming out of our pockets.
Private your profits, socialize your losses and when you pick a taxpayer's pockets and he notices you just say "actually some poor person who isn't me did that."
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - HarleyDog - 03-27-2024
(03-27-2024, 02:29 PM)Nately120 Wrote: There is a difference between rich people and rich people who use their wealth to get away with breaking rules so they stay wealthy and others are less able to become successful. I have more respect for an honest politician than a private citizen who is a total fraud.
Nancy Pelosi went from being an inside trading politician to an inside trading "rich person" so I'm supposed to say "fair play" or what? I don't think we're talking about the same thing here if you think I'm hateful towards rich people. I'm talking about the idea that it's ok to enrich yourself via dishonest methods if you already have enough money that you don't need your ill gotten gains.
Person A commits small time fraud and we say "throw his criminal ass in jail"
Person B steals via upper crust "everyone does it" fraud and we say if you have a problem with that you hate rich people?
Private your profits, socialize your losses and when you pick a taxpayer's pockets and he notices you just say "actually some poor person who isn't me did that."
First off: You lost me at Honest Politician. 2nd, Nany is a crook and her riches are not what I'm talking about, but I didn't think it necessary to break down that specifically when referring to the rich people. My meaning was those who worked hard for what they have, which is why I implied I could have worked harder if that was what I wanted.
Your person A and B references don't even come close to anything I said.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Nately120 - 03-27-2024
(03-27-2024, 02:55 PM)HarleyDog Wrote: First off: You lost me at Honest Politician. 2nd, Nany is a crook and her riches are not what I'm talking about, but I didn't think it necessary to break down that specifically when referring to the rich people. My meaning was those who worked hard for what they have, which is why I implied I could have worked harder if that was what I wanted.
Your person A and B references don't even come close to anything I said.
You said don't hate the player, hate the game which indicates (as far as I can tell) that you are saying that it's ok to push your losses off on taxpayers as long as you belong to a class that is allowed to do so. Maybe I'm missing things here, but that's how I see this situation.
Don't hate the player, hate the game isn't a sort of statement that is usually used to defend someone who is doing things the honest way.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Luvnit2 - 03-27-2024
(03-27-2024, 02:18 PM)GMDino Wrote: You mean the taxes Hunter paid? They are still prosecuting him.
Innocent until proven guilty and all that jazz.
But in any case Harley said he was forced to pay but there are tax laws you can use to avoid paying. He should use them.
Hunter admitted he was guilty of not filing or paying taxes for many years.
He still never paid taxes from Burisma income in 2014 as DOJ let statutes of limitations run out. Why does Joe Biden think his kids should be exempt from paying their fair share and lecture everyone else to pay their taxes.
I call that 100% Hypocrisy. Fix your own house first prior to telling others to fix their home first.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - HarleyDog - 03-27-2024
(03-27-2024, 03:07 PM)Nately120 Wrote: You said don't hate the player, hate the game which indicates (as far as I can tell) that you are saying that it's ok to push your losses off on taxpayers as long as you belong to a class that is allowed to do so. Maybe I'm missing things here, but that's how I see this situation.
Don't hate the player, hate the game isn't a sort of statement that is usually used to defend someone who is doing things the honest way.
Tax laws are what they are. Those who have the money to do so, hire people to find every loophole and deduction there is. Better people than our HR Block people or tax software you and I may be forced to use.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - Luvnit2 - 03-27-2024
(03-27-2024, 03:22 PM)HarleyDog Wrote: Tax laws are what they are. Those who have the money to do so, hire people to find every loophole and deduction there is. Better people than our HR Block people or tax software you and I may be forced to use.
The use of tax loopholes is used by liberals, conservatives and independents.
Liberals want you to think all billionaires are conservatives. I would argue the richest people in the world are liberals. Most movie stars are liberals. Bezos is a liberal. Suckenburger is a liberal. Cuban is a liberal. Obama is a liberal.
Yes, Trump is a conservative, who for a long period of his life was a liberal. Democrats used to love him and his money going into their campaigns. But much like RFK Jr. and his billionaire liberal VP, now they hate them.
RE: Truth Social going public net Trump estimated 2 to 4 BILLION - CJD - 03-27-2024
How does one quantify the value of a stock for an application that creates no product and does not generate any profits?
I am not an expert on the stock market, but my perception is that the answer to that question is hype.
Donald Trump's social media app, which apparently loses money month over month, is projected to sell high once it goes public because it's attached to Donald Trump, who has a loyal and fanatical base (as evidenced by his other stunt items selling out quickly like his shoes, NFTs, etc).
I wouldn't be surprised if this stock skyrockets at sale and quickly dissipates once stock holders realize there is not much behind the name, especially not profit.
I imagine it will operate similar to a pump and dump, except it's initial sales are based on the persona at the front rather than an intentional attempt to trick people into buying in through nefarious means.