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Should Zuckerberg Never Pay Taxes Again?

Should Zuckerberg Never Pay Taxes Again?

  • Yes, Zuckerberg is an icon who deserves elevated status.

    Votes: 0 0.0%

  • Yes, the world wouldn't be what it is today without him.

    Votes: 0 0.0%

  • No, Zuckerberg is just like the rest of us.

    Votes: 21 91.3%

  • No, Zuckerberg ruined modern society.

    Votes: 2 8.7%
  • Total voters
    23
  • Poll closed .
Daktoria

Daktoria

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News Headlines

Next year Mark Zuckerberg’s base salary will receive a dramatic pay cut—going from a base salary of $600,000 to just one dollar. Which raises the question: will he ever pay taxes again? Zuckerberg’s salary cut is being compared to similar moves by other tech titans. Google’s Eric Schmidt and Larry Page are paid just $1 annual salaries. Steve Jobs took just $1 in salary from 1997 until his death last year. Other members of the one-percent/one-dollar club include Oracle’s Larry Ellison and Hewlett-Packard’s Meg Whitman...

...Zuckerberg will also be able to access credit secured by his Facebook holdings—which will amount to billions of dollars. These lines of credit will not be tax advantaged—no deduction for interest payments—but they will supply him with spending money that will not be taxed.

When you have the net worth of Zuckerberg, you can live for a very, very long time on tax-free debt that you can use as income. Let’s say that Zuckerberg needs $2 million of spending power per year and lives another 60 years. That’s $120 million of spending. If he gets an interest rate of 4 percent and just rolls it over as new debt, he’ll eventually accumulate around $520,919,997. Some of that interest, of course, may be deductible against other income. The might seem like a lot of debt. But for Zuckerberg—who will likely be worth around $25 billion when Facebook goes public—it’s a drop in the bucket. What’s more, if Facebook continues to grow, Zuckerberg’s worth will grow along with his debt. His debt burden will be negligible compared to his net worth. The unimaginably rich really are different from the rest of us.
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Zuckerberg isn't just an internet mogul, but someone who catalyzed a social revolution in changing the way we live our lives.

Would you be willing to grant him tax immunity for everything he's done?
 
No. No one is an island. His success would have been impossible without everything taxes pay for and this weird idea we have that the rich and successful built everything from nothing is wholly erroneous. He was born into a developed society, went to public school, and now he uses the infrastructure of the country in a way that no average citizen could even begin to touch. He probably uses more tax dollars in a year than I have in my entire life.
 
SmokeAndMirrors said:
No. No one is an island. His success would have been impossible without everything taxes pay for and this weird idea we have that the rich and successful built everything from nothing is wholly erroneous. He was born into a developed society, went to public school, and now he uses the infrastructure of the country in a way that no average citizen could even begin to touch. He probably uses more tax dollars in a year than I have in my entire life.
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complete nonsense. he doesn't use more than the 60+ million who pay no income taxes-he has provided massive amount of value to millions of people. something you left-wingers never understand
 
TurtleDude said:
complete nonsense. he doesn't use more than the 60+ million who pay no income taxes-he has provided massive amount of value to millions of people. something you left-wingers never understand
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You should preface your posts with a summary of their content more often, TD. Nice use of a strawman to get that "no income tax" talking point in there.
 
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ChunkySalsa said:
You should preface your posts with a summary of their content more often, TD. Nice use of a strawman to get that "no income tax" talking point in there.
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7 years here=never heard that. and just who are you?

The man will be paying massive taxes-he just shifted from the guarantee of a salary to investment income-smart move-it keeps the parasites from getting more of his wealth. He will pay far more taxes than he should
 
SmokeAndMirrors said:
No. No one is an island. His success would have been impossible without everything taxes pay for and this weird idea we have that the rich and successful built everything from nothing is wholly erroneous. He was born into a developed society, went to public school, and now he uses the infrastructure of the country in a way that no average citizen could even begin to touch. He probably uses more tax dollars in a year than I have in my entire life.
Click to expand...

Ah yes, the left's rationalization for feeling entitled to confiscate other people's money. ;)

(btw, I don't think anyone should be exempt from paying taxes. We all have access to that great infrastructure after all)
 
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TurtleDude said:
complete nonsense. he doesn't use more than the 60+ million who pay no income taxes-he has provided massive amount of value to millions of people. something you left-wingers never understand
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I never said he did. Where did you pull that from?

Yes, he has provided a lot of value to a lot of people. Using tax-provided services and infrastructure to do so. And increasingly in his own life as he enjoys the fruits of his labors.

He uses the things taxes pay for. He uses them more than most people. He should therefore pay taxes. What is so crazy about that?
 
TurtleDude said:
7 years here=never heard that. and just who are you?
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Seven years? That's quite impressive! I hadn't realized I was perusing a strawman crafted with love by a master of his craft!

Who am I? My moniker, ChunkySalsa, is readily legible, though I can see how a man with your vast experience of reading other people's arguments might overlook that.
 
SmokeAndMirrors said:
No. No one is an island. His success would have been impossible without everything taxes pay for and this weird idea we have that the rich and successful built everything from nothing is wholly erroneous. He was born into a developed society, went to public school, and now he uses the infrastructure of the country in a way that no average citizen could even begin to touch. He probably uses more tax dollars in a year than I have in my entire life.
Click to expand...

Can someone force you to fly to an island and pay for the airplane ticket?

The infrastructure and education argument is erroneous. You're entitled to acclimation into a community you didn't ask to join as rectification for coercion, and you're especially not expected to upkeep development you had no say in deciding how it was developed.

Believing in the opposite would be the equivalent of saying people are guilty before proven innocent, that people have to prove their worth.

_____

That said, I wasn't talking about the public goods argument. I was talking about whether or not Zuckerberg deserves to be honored for improving the national interest.
 
X Factor said:
Ah yes, the left's rationalization for feeling entitled to confiscate other people's money. ;)

(btw, I don't think anyone should be exempt from paying taxes. We all have access to that great infrastructure after all)
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Rationalization my left foot. This is how the world actually works, but there are those who choose not to accept this.
 
X Factor said:
Ah yes, the left's rationalization for feeling entitled to confiscate other people's money. ;)

(btw, I don't think anyone should be exempt from paying taxes. We all have access to that great infrastructure after all)
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Well at least I only want to confiscate money from the rich (because of course I'm against everyone but the rich having to pay taxes). You want to confiscate EVERYONE'S wealth. :roll:

[ / sarcasm ]

People who use stuff should pay taxes. That's all of us. All of us includes Zuckerberg. The question was about Zuckerberg. So I addressed the issue of Zuckerberg directly.
 
Daktoria said:
Can someone force you to fly to an island and pay for the airplane ticket?

The infrastructure and education argument is erroneous. You're entitled to acclimation into a community you didn't ask to join as rectification for coercion, and you're especially not expected to upkeep development you had no say in deciding how it was developed.

Believing in the opposite would be the equivalent of saying people are guilty before proven innocent, that people have to prove their worth.

_____

That said, I wasn't talking about the public goods argument. I was talking about whether or not Zuckerberg deserves to be honored for improving the national interest.
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If you don't want to do that, you can renounce your citizenship, problem solved. Until then, you live here, you use the stuff taxes pay for, you pay taxes.
 
SmokeAndMirrors said:
If you don't want to do that, you can renounce your citizenship, problem solved. Until then, you live here, you use the stuff taxes pay for, you pay taxes.
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No... why is anyone obligated to do anything to be entitled to respect?

If you're forced to join an organization, the organization owes you, not the other way around.
 
megaprogman said:
Rationalization my left foot. This is how the world actually works, but there are those who choose not to accept this.
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I don't know if you mean me, but I said he should pay taxes. As I said, we all have access to this great infrastructure, some people just do a lot more with it. I just disagree with the notion that, instead of appreciating someone's success and recognizing how that actually benefits others, we should rather feel morally justified in taking whatever it is we feel entitled to.
 
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Daktoria said:
News Headlines



Zuckerberg isn't just an internet mogul, but someone who catalyzed a social revolution in changing the way we live our lives.

Would you be willing to grant him tax immunity for everything he's done?
Click to expand...

I'd rather give tax immunity to our soldiers, our sailors, our airmen, and our marines before I ever give it to a guy like Zuckerberg.
 
Daktoria said:
News Headlines

Zuckerberg isn't just an internet mogul, but someone who catalyzed a social revolution in changing the way we live our lives.

Would you be willing to grant him tax immunity for everything he's done?
Click to expand...
I'm not entirely convinced anyone should be paying taxes, given how irresponsible our government is being with our money, so I'm not very concerned with whether or not this Zuckerberg fellow, whoever he is, is paying.
 
X Factor said:
I don't know if you mean me, but I said he should pay taxes. As I said, we all have access to this great infrastructure, some people just do a lot more with it. I just disagree with the notion that, instead of appreciating someone's success and recognizing how that actually benefits others, we should rather feel morally justified in taking whatever it is we feel entitled to.
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Most people here use the erroneous "infrastructure" argument, yet fail to realize that Facebook like most other orginizations, does in fact pay taxes constantly for the infrastructure that they use.
Telecom services, like internet, incur taxes on a regular basis

I'm more than certain that Facebook's, bandwidth usage and the associated taxes, are fully paid.
 
Harry Guerrilla said:
Most people here use the erroneous "infrastructure" argument, yet fail to realize that Facebook like most other orginizations, does in fact pay taxes constantly for the infrastructure that they use.
Telecom services, like internet, incur taxes on a regular basis

I'm more than certain that Facebook's, bandwidth usage and the associated taxes, are fully paid.
Click to expand...

It would be interesting to see what our infrastructure would look like without highly successful and profitable businesses and corporations paying the way and providing jobs.
 
SmokeAndMirrors said:
I never said he did. Where did you pull that from?

Yes, he has provided a lot of value to a lot of people. Using tax-provided services and infrastructure to do so. And increasingly in his own life as he enjoys the fruits of his labors.

He uses the things taxes pay for. He uses them more than most people. He should therefore pay taxes. What is so crazy about that?
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How do you figure that he uses more tax dollars than most people?
 
TurtleDude said:
complete nonsense. he doesn't use more than the 60+ million who pay no income taxes-he has provided massive amount of value to millions of people. something you left-wingers never understand
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lol.

his product depends on an internet that was largely developed publicly.

of course he should pay taxes.
 
Harry Guerrilla said:
Facebook already pays these taxes.
So should he pay extra, when they're already being paid?
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will he become more wealthy as an individual than he was pre-facebook?
 
Helix said:
will he become more wealthy as an individual than he was pre-facebook?
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Of course, but that doesn't address what you just stated.
These taxes are generally paid up already.
Are you saying he should pay more personally, for these things, even though Facebook has already paid for them?
 
Harry Guerrilla said:
Of course, but that doesn't address what you just stated.
These taxes are generally paid up already.
Are you saying he should pay more personally, for these things, even though Facebook has already paid for them?
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of course. we all pay taxes on income, and the businesses we work for pay taxes, as well. this is because both the business and the employee benefits from societal structure.
 
Jerry said:
I'm not entirely convinced anyone should be paying taxes, given how irresponsible our government is being with our money, so I'm not very concerned with whether or not this Zuckerberg fellow, whoever he is, is paying.
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How can a guy that gets his salary from taxes.....nevermind.

Of course he should pay taxes to the fullest like anyone else. He uses infrastructure and his business especially takes more advantage of infrastructure that while had been privately created, could not have been without the approvals and subsidization of the government. Facebook would have never taken off in the beginning if not for it's reliance on the younger generation, and as I recall when I first started using it back in 05, had to be a college student and much of this tech that makes it possible be it through student loans or funds to state universities wouldn't have been possible for it to get as popular so quickly.
 
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