this post was submitted on 30 Sep 2023
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Lefty Memes
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An international (English speaking) socialist Lemmy community free of the "ML" influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.
Serious posts, news, and discussion go in c/Socialism.
If you are new to socialism, you can ask questions and find resources over on c/Socialism101.
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That refers to funny image macros and means that generally videos and screenshots are not allowed. Exceptions include explicitly humorous and short videos, as well as (social media) screenshots depicting a funny situation, joke, or joke picture relating to socialist movements, theory, societal issues, or political opponents. Examples would be the classic case of humorous Tumblr or Twitter posts/threads. (and no, agitprop text does not count as a meme)
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Notable achievements in all spheres of society were made by various socialist/people's/democratic republics around the world. Mistakes, however, were made as well: bureaucratic castes of parasitic elites - as well as reactionary cults of personality - were established, many things were mismanaged and prejudice and bigotry sometimes replaced internationalism and progressiveness.
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I think you meant to say “wealth is not income”. That’s the whole point of it being a “wealth tax”. That said, there’s pretty sound law arguing that wealth taxes are unconstitutional. There are far better ways to effect similar change, such as capital gains tax reform, and closing transfer tax exemption loopholes.
No, I said what I meant. Wealth is not money. Even if we try to express wealth in a monetary value, it's not money. And there's nothing to tax.
The IRS doesn’t care if you’re paid in money or not. Taxes are levied on things of value, i.e. wealth. That’s why non-monetary compensation like free lunch or other perks are still taxed using an equivalence value. It’s also why compensation in the form of stock options are still taxed as income. If only “money” proper were taxable, everyone would be paid in gift cards or precious metals.
Well, your IRS is insane. Here in the UK gifts are not taxed, that's why companies often buy cars and bicycles for employees - this way both company and worker save shit loads of money in taxes.
Yes they are, however there is an annual exemption of £3000. Amounts above this are subject to taxation. There is a similar exemption in the US - $17,000 as of 2023.
I believe you’re talking out of your ass.
Bikes - https://www.cyclescheme.co.uk/
Cars - https://comcar.co.uk/
No, they are not. This exemption is for inheritance tax. Gifts are tax free no matter the value. The way this works is that all gifts made during 7 years before death count as your inheritance estate https://www.gov.uk/inheritance-tax/gifts
Basically if you're not planning to die in 7 years, you can gift a billion in one transaction and pay zero taxes
That’s not how it works. Gifts over £3000 are always taxed. Additionally, gifts given within 7 years prior to death are subject to inheritance tax.
A company car is not compensation to an employee. They might be permitted to use it for personal use, but employers are supposed to report this fractional use which is then taxed. Whether that’s enforced or not, I don’t know, but the law is that personal use of a company-provided car is supposed to be taxed. The employee also doesn’t own the car - if they leave the company, the company keeps the car.
Bicycle tax savings is a separate thing entirely. Many benefits that promote healthy lifestyles receive special tax treatment; it’s not taxed that way just because it’s not cash.
Mate, I sent you proof links. If you don't have anything to support your argument - just shut it, ok? You're talking out of your arse.