(full site)
Fark.com

Back To Main
   Sheldon Adelson tried to buy the Presidency for about $150,000,000. This month he'll save $150,000,000 in taxes by paying himself an early dividend. You do the math

05 Dec 2012 06:39 AM   |   14377 clicks   |   CNBC
Showing 1-50 of 303 comments
Refresh Page 2
View Comments:
Alphax     
I dare someone to claim that they 'earned' that money.

05 Dec 2012 06:41 AM
AverageAmericanGuy    [TotalFark]  
Here we go. Nothing like a good class warfare thread.

All the investors are getting the special dividend. Sorry your grubby little paws couldn't get a grip on a greater part of it, government.

05 Dec 2012 06:43 AM
generallyso     
But remember, your vote matters.

05 Dec 2012 06:44 AM
Xenomech     
I was told there would be no math.

05 Dec 2012 06:44 AM
untaken_name     
I assume everyone who thinks people should pay more taxes has already sent in their voluntary contributions to the IRS. They'll let you pay as much as you want, you know.

05 Dec 2012 06:45 AM
viscountalpha     
And the process of the system eating itself has become irreversible now.


Good job Obama.

05 Dec 2012 06:46 AM
Eddie Ate Dynamite     
*glances around*
They earned that money!

/runs

05 Dec 2012 06:46 AM
Jake Havechek     
Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.

05 Dec 2012 06:48 AM
liam76     

AverageAmericanGuy: Here we go. Nothing like a good class warfare thread.

All the investors are getting the special dividend. Sorry your grubby little paws couldn't get a grip on a greater part of it, government.



All shareholders benefit from the dividends, of course. But some of the biggest beneficiaries are corporate insiders and large shareholders. The companies paying accelerated dividends have an average insider ownership of 27 percent - higher than the broadermarket, according to Markit


05 Dec 2012 06:52 AM
PaulRB     
But you don't understand, the super-duper-uber rich need MORE tax relief, right? (you can't just buy politicians with leftover dividend money... oh, I guess you can)

05 Dec 2012 06:52 AM
BoxOfBees     
Luxury tax.

That is all.

05 Dec 2012 06:54 AM
ThatGuyFromTheInternet     
JOB CREATORS!

05 Dec 2012 06:54 AM
Jake Havechek     
You see:

a) give the super wealthy more money

b) the money "trickles down"

c) jobs are magically created out of thin air regardless of consumer demand or household financial strength

05 Dec 2012 06:54 AM
PreMortem    [TotalFark]  

Alphax: I dare someone to claim that they 'earned' that money.


Hey, keeping slaves dumb and scared isn't as easy as you think. Religion helps though, and its free.

Step 3: Profit

05 Dec 2012 06:55 AM
jayhawk88    [TotalFark]  
But I was told that CEO's used all that extra money to plow right back into their businesses!

05 Dec 2012 06:55 AM
Jake Havechek     
And what's this "small business owner" shiat that supposedly drives the economy?

No basis in reality, at all.

05 Dec 2012 06:55 AM
GoodyearPimp     
Very reminiscent:
3.bp.blogspot.comView Full Size

"Oh, lo'dy, lo'd, he's desp'it! Do what he sayyyy, do what he sayyyy!"

Also, the president is near.

05 Dec 2012 06:57 AM
Satanic_Hamster     
It's almost as if these major companies view the payment of dividends as not a business decision but as a way to give money to certain interests whenever they want.

05 Dec 2012 06:57 AM
Cpl.D    [TotalFark]  
Meh. I remember that cockbag's commercials. "Badmouthing success." "Socialism." All the pavlovian bell-ringing that man did, and he still failed. It makes me smile.

05 Dec 2012 06:59 AM
BoxOfBees     

Alphax: I dare someone to claim that they 'earned' that money.


Dividends. Let's see... is that considered to be earned income, or something else?

05 Dec 2012 06:59 AM
jso2897    [TotalFark]  

AverageAmericanGuy: Here we go. Nothing like a good class warfare thread.

All the investors are getting the special dividend. Sorry your grubby little paws couldn't get a grip on a greater part of it, government.


I'm just surprised that they haven't figured out some legal way to only pay dividends to the big shots, and not the small investors. That would make the most sense from the psycopathic corporate viewpoint.
They need to spend some of that money on better lawyers and lobbyists.

05 Dec 2012 07:01 AM
Debeo Summa Credo     

jayhawk88: But I was told that CEO's used all that extra money to plow right back into their businesses!


But I was told companies are just "sitting on" that money (whatever that means). These special dividends should be great because it means companies actually have to go to the vault or mattress or wherever these vast hoards of cash are supposedly being sat on and put them back in the economy.

05 Dec 2012 07:01 AM
AverageAmericanGuy    [TotalFark]  

jso2897: AverageAmericanGuy: Here we go. Nothing like a good class warfare thread.

All the investors are getting the special dividend. Sorry your grubby little paws couldn't get a grip on a greater part of it, government.

I'm just surprised that they haven't figured out some legal way to only pay dividends to the big shots, and not the small investors. That would make the most sense from the psycopathic corporate viewpoint.
They need to spend some of that money on better lawyers and lobbyists.


Preferred stock.

05 Dec 2012 07:02 AM
vinniethepoo     

viscountalpha: And the process of the system eating itself has become irreversible now.


Good job Obama.


WTF does Obama have to do with CEOs voting each other huge bonuses for nothing? That's been going on since the 1980s, at least.

05 Dec 2012 07:03 AM
PreMortem    [TotalFark]  

BoxOfBees: Alphax: I dare someone to claim that they 'earned' that money.

Dividends. Let's see... is that considered to be earned income, or something else?


It's funny because the actual $ came from someones grandma playing nickel slots, who most likely lives on cat food. Lol.

Or maybe the cocktail waitress who makes $2.65/hr + hardly any tips and has to whore herself out to buy her kids braces.


USA! USA! USA!

05 Dec 2012 07:05 AM
blackhalo    [TotalFark]  
Remember how all these companies have been sitting on record levels of cash, just waiting to hire people once the economy recovered?

About that.

05 Dec 2012 07:06 AM
blackhalo    [TotalFark]  

PreMortem: BoxOfBees: Alphax: I dare someone to claim that they 'earned' that money.

Dividends. Let's see... is that considered to be earned income, or something else?

It's funny because the actual $ came from someones grandma playing nickel slots, who most likely lives on cat food. Lol.

Or maybe the cocktail waitress who makes $2.65/hr + hardly any tips and has to whore herself out to buy her kids braces.


USA! USA! USA!


You have to applaud her Bootbrastrappiness, though.

05 Dec 2012 07:08 AM
PreMortem    [TotalFark]  

vinniethepoo: viscountalpha: And the process of the system eating itself has become irreversible now.


Good job Obama.

WTF does Obama have to do with CEOs voting each other huge bonuses for nothing? That's been going on since the 1980s, at least.


True. My companies CEO once sat on 7 other Dow Jones Co's boards and was on the Presidents Council of Something or Other.

The fix is in, and if you can ignore other peoples suffering, you can have your own G5.

05 Dec 2012 07:10 AM
Phil Moskowitz     
Money can't buy health.

05 Dec 2012 07:10 AM
Wyalt Derp     
This is good news - by taking the money now instead of next year, it means they will start creating jobs sooner rather than later.

05 Dec 2012 07:10 AM
Debeo Summa Credo     

Jake Havechek: Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.


In other words, "Gimme".

/so much bitter envy in this thread

05 Dec 2012 07:10 AM
Alphax     
'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

05 Dec 2012 07:11 AM
Jake Havechek     

Debeo Summa Credo: Jake Havechek: Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.

In other words, "Gimme".

/so much bitter envy in this thread


Like hell. I don't need millions of dollars, I just like to make ends meet.

I'd like others to pay their fair share.

You make more, you pay more.

05 Dec 2012 07:12 AM
Debeo Summa Credo     

Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.


"slightly slowed"? Tax rates on dividends will nearly triple next year.

05 Dec 2012 07:13 AM
Jake Havechek     
And anyways, proto-teabagger Ayn Rand died as a "looter", in the end.

05 Dec 2012 07:13 AM
wraith95     

Debeo Summa Credo: Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

"slightly slowed"? Tax rates on dividends will nearly triple next year.


Good.

05 Dec 2012 07:14 AM
Debeo Summa Credo     

Jake Havechek: Debeo Summa Credo: Jake Havechek: Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.

In other words, "Gimme".

/so much bitter envy in this thread

Like hell. I don't need millions of dollars, I just like to make ends meet.

I'd like others to pay their fair share.

You make more, you pay more.


They do pay more. Alot more. Dont fool yourself into the misguided belief that the rich aren't paying their "fair share".

05 Dec 2012 07:14 AM
Debeo Summa Credo     

wraith95: Debeo Summa Credo: Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

"slightly slowed"? Tax rates on dividends will nearly triple next year.

Good.


Again, IOW "gimme"

05 Dec 2012 07:16 AM
WhyteRaven74     

Debeo Summa Credo: "slightly slowed"? Tax rates on dividends will nearly triple next year.


Well then, perhaps the money that goes to dividends can go to something more useful, like employee salaries and capital improvements.

05 Dec 2012 07:16 AM
Jake Havechek     
Dont fool yourself into the misguided belief that the rich aren't paying their "fair share".

And their money in the Caymen Islands is creating so many jobs in America!

05 Dec 2012 07:16 AM
coffee smells good     
I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.

05 Dec 2012 07:17 AM
Alphax     

coffee smells good: I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.


Ahead of the what?

05 Dec 2012 07:18 AM
IoSaturnalia     

Debeo Summa Credo: wraith95: Debeo Summa Credo: Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

"slightly slowed"? Tax rates on dividends will nearly triple next year.

Good.

Again, IOW "gimme"


The 'gimme' came when dividend income was given a special 15% tax rate.

05 Dec 2012 07:19 AM
PreMortem    [TotalFark]  

Debeo Summa Credo: Jake Havechek: Another asshole born on third who thinks he hit a triple.

The rich in America have it pretty good. Look at the tax rates in England, for example.

In other words, "Gimme".

/so much bitter envy in this thread


It's not envy fartknocker, its compassion for people who suffer. I don't care if Adelson buys a newspaper and tries to influence public opinion, I do care if someone who works for him has to go into bankruptcy to pay his medical bills.

So what's that? You don't care if people suffer?

Then yeah, I envy you.

05 Dec 2012 07:21 AM
SomeAmerican     
This is what matters, not the income tax rates. The huge gap between the upper income tax rate and the capital gains tax means that the wealthy pay a lower effective rate than high income earners who are trying to become established, and the super wealthy pay a lower effective rate than the middle class.

05 Dec 2012 07:24 AM
patent holder     

Alphax: coffee smells good: I see the article doesn't mention the god of the far left, COSTCO. They're borrowing $3B so they can pay a special one time $7/ dividend ahead of the Obama Care tax increase.

Ahead of the what?


Part of the almost tripling in taxes on dividend in 2013 has to do with the new taxes from the ACA (Obama Care) that kick in.

05 Dec 2012 07:24 AM
keylock71    [TotalFark]  
Boy, it sure is a good thing these poor, put-upon billionaires have a whole political party bending over backwards to protect them from having to shoulder any of the costs of recovery... These folks have no one to speak for them except the brave souls in the GOP, who know the poor and middle classes should be paying for the avarice of the wealthy elite; Poor persecuted victims of crass class warfare that they are.

05 Dec 2012 07:25 AM
SomeAmerican     

Debeo Summa Credo: Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

"slightly slowed"? Tax rates on dividends will nearly triple next year.


The right approach would be to treat dividends as income, and cover them under the same tax code as income tax. The current approach of favoring some revenue over others distorts the market.

05 Dec 2012 07:27 AM
AverageAmericanGuy    [TotalFark]  

SomeAmerican: Debeo Summa Credo: Alphax: 'Dividend Cliff'.. so their ability to suck massive amounts of capital out of the economy would be slightly slowed, once the 'temporary' Bush tax cuts expire. They make it sound like a bad thing.

"slightly slowed"? Tax rates on dividends will nearly triple next year.

The right approach would be to treat dividends as income, and cover them under the same tax code as income tax. The current approach of favoring some revenue over others distorts the market.


I'm cool with this. How about long term vs short term gains?

05 Dec 2012 07:27 AM
Debeo Summa Credo     

WhyteRaven74: Debeo Summa Credo: "slightly slowed"? Tax rates on dividends will nearly triple next year.

Well then, perhaps the money that goes to dividends can go to something more useful, like employee salaries and capital improvements.


Instead of going to the owners of the farking company, who, you know, are farking entitled to the earnings. Unless you are posting from one of the two countries where communism hasn't collapsed yet.

/besides, in reality companies will just go back to using earnings to buy back stock once the new tax rates are in, instead of paying dividends.

05 Dec 2012 07:28 AM
Showing 1-50 of 303 comments
Refresh Page 2
View Comments:
This thread is closed to new comments.


Back To Main

More Headlines:
Main | Sports | Business | Geek | Entertainment | Politics | Video | FarkUs | Contests | Fark Party | Combined