In some years, billionaires such as Jeff Bezos, Elon Musk and George Soros paid no federal income taxes at all. Billionaires avoid these taxes by taking out special ultra-low-interest loans available only to them and using their assets as collateral. (DOGE dope Musk is well on his way to becoming the first Trillionaire.)
Peter Thiel, whose company Palantir has made surveillance of the public by government easier, has $5 billion in his IRA -- tax-free if he can wait until 59-1/2 to cash in. (He's now 58.)
Shad Khan, by contrast, has a modest $16 billion net worth.
A number of the ricos above are migrating to Florida where Ron DeSantis' minions in the Legislature created 1,000-year, tax-free trusts and are threatening to abolish property taxes.
As I continue to say, Sherry is our very own Heather Cox Richardson. Excellent writing while supplying verified facts - and asking us to consider fundamental questions about what we value and how we play a role in achieving a thriving community based on and abiding by our constitution. Most challenging to me is how do I/we hold people, especially elected officials and those who disperse and manage resources, accountable. Thank you for leading this cause as a citizen journalist!
You are such a bright light in the darkness of our local politics. Much thanks Sherry.
As an aside, the city that has had recent Super Bowl winning teams, Kansas City, when asked the public to approve the funding for a new stadium, shot it down. The team will now be across the river.
Ms. Nelson's ears should definitely be burning. If we believe she's actually more impartial than collusive, her attention is sorely needed in this mess.
Brilliant, Sherry! I love the way you tie JAX's local challenges to a much wider issue of how our entire nation's tax/revenue structure has been gamed to allow those of us who have gained the most from our publicly funded schools, highways, institutions of public safety & justice, and so much more, to turn their backs on the social & governmental systems that provided the foundation for their financial success.
In some years, billionaires such as Jeff Bezos, Elon Musk and George Soros paid no federal income taxes at all. Billionaires avoid these taxes by taking out special ultra-low-interest loans available only to them and using their assets as collateral. (DOGE dope Musk is well on his way to becoming the first Trillionaire.)
Peter Thiel, whose company Palantir has made surveillance of the public by government easier, has $5 billion in his IRA -- tax-free if he can wait until 59-1/2 to cash in. (He's now 58.)
Shad Khan, by contrast, has a modest $16 billion net worth.
A number of the ricos above are migrating to Florida where Ron DeSantis' minions in the Legislature created 1,000-year, tax-free trusts and are threatening to abolish property taxes.
What is a po' boy to do?
As I continue to say, Sherry is our very own Heather Cox Richardson. Excellent writing while supplying verified facts - and asking us to consider fundamental questions about what we value and how we play a role in achieving a thriving community based on and abiding by our constitution. Most challenging to me is how do I/we hold people, especially elected officials and those who disperse and manage resources, accountable. Thank you for leading this cause as a citizen journalist!
As always, Sherry Magill tells it true. No sugar coating, just cold hard facts and intelligent conclusions based on those facts.
You are such a bright light in the darkness of our local politics. Much thanks Sherry.
As an aside, the city that has had recent Super Bowl winning teams, Kansas City, when asked the public to approve the funding for a new stadium, shot it down. The team will now be across the river.
I miss the Weavers and their philanthropy
We never knew we never had it so good.
It has visual "weight" to display it in numbers: $775,000,000.00 for a $1,200,000,000.00 project.
Fleece Me Baby, One More Time.
Thank you very much.
Ms. Nelson's ears should definitely be burning. If we believe she's actually more impartial than collusive, her attention is sorely needed in this mess.
Brilliant, Sherry! I love the way you tie JAX's local challenges to a much wider issue of how our entire nation's tax/revenue structure has been gamed to allow those of us who have gained the most from our publicly funded schools, highways, institutions of public safety & justice, and so much more, to turn their backs on the social & governmental systems that provided the foundation for their financial success.