/biz/ - Business & Finance

$31.25

>>16903371
$0.00

salary job, professional cuck

>>16903371
Is this isn't late stage capitalism I don't know what it is

Holy shit that amount is just obscene

>>16903371
$12

$24.40 CDN

>>16903371
that's net worth, not salary dipshit

around $10 but 24/7 does not matter if i sleep or procrastinate

>>16903397
how does that make it any different

>>16903371
I make $40 an hour. So typical office worker wagie.

$0.00

>>16903371
$25
...in NYC, so basically $15 anywhere outside of a big city

>>16903409
because the value of amazon is increasing exponentially and his net worth is valued primarily in those shares. he isn't "making" that much unless he sells the shares, the same way people aren't "making" money until they actually sell their shitcoins

>>16903409
Because if he cashes any out the value is likely to drop.

>>16903409
>my 300k house goes up 6%
>"Anon gained 18k this year doing nothing!!!"
I'd have to sell the house. Which I won't. Same goes for when your net worth is shares of your own business. Selling them isnt like selling an investment, its selling massive percentages of a Shareholder Vote, the mechanic that decides whether or not someone else can seize your position at your own company.

>>16903434
an intelligent person on /biz/? why are you here, scamming retards as well?

About $16 hourly with full benefits.

>>16903420
My take home after taxes, health insurance, and 5% 401k contribution is just over $650/week. It does not go very far.

>>16903427
one of the lowest iq posts i've seen.
investments are calculated into income, not just usd, fucking brainlet

>>16903371
about 37 canadian.

so like 19 an hour in real money.

>tfw american amazon warehouse workers almost make as much as you.

just nuclear bomb canada already

>>16903512
>investments are calculated into income

unrealized gains from investments arent calculated into income you dumb faggot.

>>16903512
>investments
It's not an investment if you lose your lifestyle and job when you sell it. A company's founder's shares are how they stay as the CEO. Bill sold and now he's out.

>>16903371
400 quadrillion

>>16903371
Time for some return scams.

>>16903457
No sir, I'm white, mostly here to shitpost and look at asian rappers, but /SMG has some decent stuff from time to time, and has made me a decent amount of money. I'm wholly ignorant of biotech for example and they got me into AMRN in time to make 4 figures of profit. But mostly asian brappers.

>>16903457
$31
If I compared my portfolio gains of the last year to a full-time job of 40 hours/week, then I made another $18/hour.
House appreciation of about $200k in the last 7 years (will be selling in a few months) is another $13/hour.
So about 25 cents per minute.

>>16903371
$14.95 CDN, which is like $1 USD, literally can't be any worse

180k/yr salaried. Never bothered to do an hourly breakdown.

My trading bots are making about 3-13$ per hour, 24/7, so I'm happy. Profit increases all the time because I don't need that much money for my NEET life and can re-invest it.. pic related, some of today's gains.

>>16903388
"But we shouldn't tax him because I might be that rich one day" - mutts

>>16903388
>LE LATR STAGE CAPITALISM CAUSE SOMEONE IS EARNING MORE THAN ME.

if you take entire networth of Bezos and gave it to everybody in America, you'd get them sweet 80 bucks. Amazon is available globally btw. Unlike back in the day, a lot of money is gained if your company is global.

>>16903592
I wish I had trading bots.

>>16903597
This. Republicans are retards and should never be taken seriously on any taxation policies. He should be taxed more.

>>16903597
>taxation is theft and goes to niggers and jews!
>that rich guy has too much money, tax him!
the mental state of /biz/

>>16903592
ok Bernie Madoff

>>16903581
>i make 180k but can't figure out what 180000/52/40 is

terrible larp back to plebbit kiddo :)

>>16903427
>what are dividends

>>16903545
categorically based anon, good stuff

>>16903558
>House appreciation of about $200k in the last 7 years
nice. what's that as a %? I'm up 60% on my first property bought in 2012 and 40% on my second one bought in 2016. I would've bought a third in 2019 but I spent it on btc instead, which worked out a lot better thankfully

>>16903614
1% pay 40% of all taxes, retard. That means this small group of people are paying nearly half of all tax that run this country lmfao.

$22/hr in a flyover state at 25 with no kids so I pretty much don't know what to do with all these money

>>16903659
amazon doesn't pay dividends smartass

>>16903371
3.65 usd an hour

>>16903659
They've literally never paid a dividend you fucking idiot.

>>16903631
Dude I'm not lying. Another pic from yesterday. Ok, so I lied a little bit, it is not between 3-13$ per hour, more like 1-20$/h. There was one really bad hour (09:00-10:00) yesterday. Best part is, I'm usually making between 30-100$ also when I sleep.

>>16903388
>Late stage capitalism
The fact that disgusting sõycucks like you think this means we are on the cusp of the greatest renaissance capitalism has ever seen. Enjoy shining the shoes of your betters, dumb prole

this thread is great evidence that this board is a haven for the unsuccessful...

don't see many high salaries because successful people have better things to do than read anime boards full of people peddling scam coins...

food for thought...

>>16903388
journalists don't even understand the difference between equity and income.
These "character takedown" articles of musk and bezos are absolutely retarted, nothing more than flinging shit at well known names and you're an NPC if they get you.

>>16903514
We truly are the Mexico of the north.

>>16903703
>He responds honestly to questions asked by glowing cia niggers

I forget how gullible the low IQ are lel

>>16903703
>Rich posters on /biz/
There are literally dozens of us.
>>16903740
Exactly. Imagine getting worked up into an frothing outrage over something some journo making 40k a year wrote for his jew master lmfao

>>16903671
Home value about doubled.
I live within commuting distance to Seattle which had a crazy real estate boom.

>>16903382
Interesting. What's their programming like?

>>16903675
The 1% also make the most. They pay lowest in proportion on their bills. They also get tax cuts and tax advantages. Lowest loans. Taken advantage of capital gains and dividends which are much lower taxed in percentage in some cases.

You have to be an imbecile to not take these into account. This is why Republicucks shouldn't be taken seriously on any tax policies. They repeat and chant shit they hear Ben Shapiro say like NPC's

>>16903698
How long have you been running it

>>16903371
Gross 60 euro
Net 25/30

>>16903740
Yeah. It fucking annoys the shit out of me too. I decided to learn accounting and finance precisely so I wouldn't be bamboozled by dishonest journalism and talking points like I used to once upon a time. Financial illiteracy is probably among the largest problems our educational system faces, yet nobody wants to talk about it or change it.

I don't deny there are some very real problems with our current state of affairs, and you'd be a fool to, but this misrepresentation of facts over pushing agendas does nobody any favors either.

>>16903698
Interesting. What's the programming like?

>>16903799
These from August 2019, have been experimenting with others before these for couple years. No it's pretty much in autopilot, only thing I have to do is invest gains to new bots, if I want to.

>>16903675
....but doesn't that make sense? They make far more than 40% of the money earned each year.
I mean this nigger makes $230,000 a MINUTE.
IN A MINUTE.
60 SECONDS.
$230,000.

>>16903825
Using a platform? And did you build this bot yourself

>>16903774
>There are literally dozens of us.
this. there are 13k people worldwide who have 1mil+ in their btc wallets, let alone eth, etc. let alone the people who have already cashed out millions. crypto has been shilled on 4chan since at least 2011, a fair chunk of crypto millionaires were made thanks to this site. not even taking into account legit businessmen who made their money by other means; haven't seen many that still post here but they do exist

>>16903780
congrats man. hope you time your sell well. I make decent bank from rent so not selling mine any time soon, even if there's a downturn people have still got to live somewhere

>>16903703
>a board full of poorfags gambling on shitcoins
>surprised that it is a haven for the unsuccessful
first of all you're low IQ.
second of all, we have to have tried to succeed to be unsuccessful.

>>16903828
anon, are you trolling or do you seriously believe he is taking a salary of $121219200000 this year?

>>16903919
He's not taking a salary in dollars but he gains that value by holding the shares of his company, and I'm certain his lifestyle is also mega comped by Amazon too. On top of this, Amazon pays no taxes in the US so clearly there is a massive problem somewhere.
I'm not saying tax his dollar figure salary, but something needs to be done because the system is OBVIOUSLY broken.

>>16903979
idk if his lifestyle is all that extravagant. it's unlikely that any significant amount of his net worth is gonna be cashed out during his lifetime as it will obviously impact share price massively. I agree that the system isn't perfect but what can you do. he's just playing the game

>>16903979
>On top of this, Amazon pays no taxes in the US
Gettin real fuckin tired of this lie.

https://ir.aboutamazon.com/static-files/0f9e36b1-7e1e-4b52-be17-145dc9d8b5ec

Page 45 (or 37 on the actual document)
>Income Statement Line 18
>Provision for Income Taxes
>2016: ($1.425 billion)
>2017: ($769 billion)
>2018: (1.197 billion)

Page 70 (or 62 on the actual document)
>Cash taxes paid, net of refunds, were $412 million, $957 million,and $1.2 billion for 2016, 2017, and 2018

Literally what this means is that in 2016, Amazon owed $1.4 billion in taxes, but reduced that amount down to $412 million through loss carryforwards, deductions and tax credits. In 2017, Amazon owed $769 billion, but ended up paying more to the number of $957 million due to deferred tax liabilities or whatever else reasons. In 2018, Amazon owed $1.2 billion in taxes and paid roughly the same amount.

In each case, Amazon PAYS TAXES.

>>16903597
>>16903614
Literally punishing success. If you tax Bezos 99%, he would have zero incentive to grow his company and maintain its profitability. Common people would have zero incentive to start businesses. The state, while sitting on its ass, would get the most money for doing nothing.

>>16903371
jesus christ that is like 460,000$ every two minutes.

>>16904400
You know there can exist a state somewhere between these complete polar opposites.

>>16904400

1. you don't have to tax him 99%, nice straw man

2. This destroys your second point that no one would have incentive to start business, because tax would not be at 99%. And I actually believe even if it were at 99% people would still start businesses based on laws of subversion

3. The state would not be doing nothing, instead dispersing funds to social programs and those in need.

The idea that it is beneficial for some guy to have billions in his bank account is ludicrous.
Laissez faire capitalism is contingent on a game with no handicaps or advantages and that is simply not the world that we live in. There are so many factors present in our objective reality that preclude us from existing in the world that laissez faire capitlism demands.

We ought make policy and decisions based on need and context, just as evolution has done and dictated for the planet, rather than adhering to some arbitrary "objective and correct" understanding of the world, because nothing is necessarily true other than the mechanisms of evolution

>>16904570
Sweden has more billionaires per capita than the US.. so it is obviously achievable to have super rich and incentivize innovation regardless of the tax level.

Regardless, here we are talking about wealth and not income. Wealth is something you can only take once, if you redistribute all the money from billionaires - the money will not be there next year.
It is difficult to tax wealth, because the people will already have paid taxes (as it came from income).
interestingly enough, Sweden is also one of the most equal countries in terms of income - but they are more unequal in terms of wealth compared to the US.

$12

>>16904400
Except even with 1% of his wealth he'd still be massively incentivized to continue what he's doing. Stay poor faggot.