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webdevMason's profile
Mason 🏃‍♂️✂️
Mason 🏃‍♂️✂️
Mason  🏃‍♂️ ✂️
@webdevMason

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Mason  🏃‍♂️ ✂️

@webdevMason

patreon.com/masonhartman
Joined July 2015

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    1. Mason  🏃‍♂️ ✂️‏ @webdevMason Aug 13
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      Mason  🏃‍♂️ ✂️ Retweeted  🎀 sonyasupposedly.com  🤖

      It's impossible to overstate how terrible an idea this is. Moving out of state is a cake walk. You can even wave to your friends from the other side of Lake Tahoe. California is sincerely begging to implode its entire tax base at the outset of a looming budget crisis.https://twitter.com/sonyasupposedly/status/1294097843011989504 …

      Mason  🏃‍♂️ ✂️ added,

       🎀 sonyasupposedly.com  🤖 @sonyasupposedly
      "The tax rate would be 0.4% of net worth, excluding directly held real estate, that exceeds $30 million for single and joint filers and $15 million for married filing separately." https://www.sfchronicle.com/business/networth/article/California-lawmakers-propose-a-15482011.php?t=44963a34f1 …
      39 replies 74 retweets 551 likes
      Show this thread
    2. Paul Godfrey‏ @paulgodfrey Aug 13
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      Replying to @webdevMason

      Nobody with $15 MM is sweating a 0.4% wealth tax.

      7 replies 0 retweets 3 likes
    3. Mason  🏃‍♂️ ✂️‏ @webdevMason Aug 13
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      Replying to @paulgodfrey

      That's just laughably incorrect. Tax starts at $120k on $30m, which a lot of people will be holding as stake in their own companies or personal investments. Many people would wind up owing millions more than they ever hold in cash. It's insanity.

      1 reply 1 retweet 64 likes
    4. Paul Godfrey‏ @paulgodfrey Aug 13
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      Replying to @webdevMason

      Who do you know with $30MM that doesn’t grow it by > 5% a year with next to zero risk?

      5 replies 0 retweets 0 likes
    5. Mason  🏃‍♂️ ✂️‏ @webdevMason Aug 13
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      Replying to @paulgodfrey

      People who hold it as the stake in their own company, which happens to be in an industry that's having to buckle down under COVID?

      2 replies 0 retweets 42 likes
    6. Paul Godfrey‏ @paulgodfrey Aug 14
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      Replying to @webdevMason

      “Liquidity-constrained taxpayers with ownership interests in hard-to-value assets and business entities, such as startup businesses, shall be able to elect for an unliquidated and deferred tax liability to be attached to these assets”

      1 reply 0 retweets 0 likes
      Mason  🏃‍♂️ ✂️‏ @webdevMason Aug 14
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      Replying to @paulgodfrey

      I'm not sure how "we'll just put in on your tab" is a real solution to the problem. It certainly doesn't change the fact that not all of these assets can be expected to grow under COVID.

      12:26 PM - 14 Aug 2020
      0 replies 0 retweets 0 likes

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