#pay your taxes!!!!!!

[whiskeyswifty]

How rich is Taylor? Is she just celebrity rich or is the amount of money she has abnormal even for a celebrity?

I mean insofar as net worth and all that, it’s impossible for me, or anyone including her, to give you an accurate number. But you can get an idea of what echelon she’s in by how she runs her life. For example how many homes she owns (4 officially, one being 3 separate apartments in a New York City building which I count as one but there you go right there) how often she redecorates them (she renovated her NYC main apartment significantly in recent years and has been restoring and renovating her new LA home), how she travels (by private planes that she owns, not charters), and other miscellaneous things that give you an idea of how much access we have to her. An example of the last parameter is how many vacation photos do we have of her in the past 5 or so years? If the answer is little to none, then she goes places that common people have little access too, meaning they’re places that cater to the super wealthy and protect their privacy. Or that they’re entire homes that are very far flung from common vacation spots, also very expensive to get to and typically only enjoyed by the super wealthy who can afford to rent villas and castles and private islands. Based off of the few things we have to go off of, the things listed above, she definitely operates in the circles of the extremely wealthy based on what she can afford to do. Owning a private plane vs. chartering one for example is the difference between the generally wealthy and the super rich .01%. Operating costs for a personal private jet can be around 1 million annually per jet depending on how often it’s used and the size of it. Fuel, pilot salaries, maintenance, etc. There was a time when she had two. So she’s not working with 10 million or even 50 million on average if she can afford that. She’s in the hundreds for sure. she also can afford to run her own company instead of hiring contract workers per tour or album cycle or going through her label. She’s footing the bill for that herself, meaning she’s responsible for salary, benefits, expenses, etc. and while it’s all tax deductible as operating costs for her own LLC or whatever it’s classified as, someone has to pay that upfront annually.

All this to say that given how she runs her life, what she’s able to afford to do, she is raking in what I’d estimate to be 250-500 million in income. The problem is it’s impossible to know, and again she doesn’t even know, numbers like that. For a number of reasons, but mainly 2 reasons that I can feel confident saying. One is she and I don’t know where her money is coming from. I can safely assume like all people in that tippy top percent, her income is diversified meaning it doesn’t just come from music. No not touring or merch, I mean she likely has large chunks of her money stowed away in investment portfolios with one of the big firms or perhaps a very exclusive one. The money generated by those investments probably accounts for 25% of her annual income, if not more. One of the secrets of how rich people stay rich and get richer is large sums of money beget more money via well managed investments. Passive income is what it’s typically referred to as and every single wealthy person at her level has a good chunk of their assets invested. You’re stupid not to. Why have your money sit there when it could be making you MORE money while it sits there. So because of that, and that she doesn’t manage it herself, she has no idea where some of her income comes from other than her investment portfolio. Number two is that neither she nor I know where it all goes, not exactly. The number one enemy for the super rich is taxes. There are a slew of ways to avoid paying the taxes they should pay on income, assets, and the like that essentially hide her money or make it untouchable via loopholes. A few I can speak to are things like off-shore accounts which are not illegal exactly but they’re shady and one of those “we’re gonna pretend we don’t see” things. Very wealthy people keep large sums of money in offshore accounts to keep their reported income low enough to lower their taxes. If she has any, she either knows about their existence and that’s all or doesn’t know at all which is better for her in case things go south. Accountants and money managers generally try to keep clients in the dark about things like that for mutual legal protection (if she doesn’t know she can’t blab about it and also won’t get in as much trouble if she’s audited). Another tactic for avoiding taxes is manipulating loopholes like the farm loophole. Many extremely wealthy people own working farms on paper because it gives them a huge agriculture tax cut. I can think of three extremely famous people you know that do. It’s one of many aspects of tax law money managers and accountants for that level of wealthy will know how to exploit to keep as much money in the pockets of their clients as possible. So given all of that, her actual numerical net worth is completely obscured, even from her, and it’s on purpose. If the public knew then the government would know and would tax or audit her accordingly and she doesn’t want that. Nobody will ever know, not her or her family or any media outlet that claims to know (they’re guessing). The only people who know are her accountants. But I can say with absolute certainty her level of wealth is abnormal. She’s beyond a celebrity at this point as far as the income she’s accumulating. She’s a full fledged business.

[bruciemilf]

“Battinson needs a Robin” “Battinson needs a Superman” “Battinson needs a Harley” I agree with all of that, but do you know what else Battinson needs? An Oliver Queen.

[nando161mando]

Elon Musk wants your sympathy because he had to pay a whopping 4.5% of his net worth in taxes

[thetoyboxs]

COUGH get taxed nerd COUGH

[mabzgonmad]

Yea we unionizing… keep scrolling..

#standwithanimation !

[rivkat]

IRS reform is working

Have some good news! (Gift link.)

The IRS reported Wednesday that it has collected $1 billion in taxes and penalties owed by hundreds of wealthy households who accumulated past-due tax debts for years while IRS enforcement dwindled.

“The tax bill wasn’t even in dispute — the taxes were clearly owed by these people,” IRS Commissioner Danny Werfel said in a call with reporters. “But we didn’t have the people or the resources. … It takes time and staffing to work through these cases.”

The tax agency, boosted by $60 billion in additional funding from the 2022 Inflation Reduction Act, has hired hundreds of skilled accountants over the past year and a half after years of shrinking staffing. Some of them have focused their efforts on specific groups of tax delinquents, including a group of 1,600 households with annual incomes above $1 million who were all known to owe at least $250,000 in back taxes, based on their previous tax returns. Facing understaffing in the past, IRS leaders admit, their agents simply didn’t try to collect these taxes for years.

[reality-detective]

I'll leave this 👆 here... You Decide 🤔

[xeemaee]

I haven’t seen it too too much but since more has been popping up over the past few weeks, like… shut up about a ship war. they are dolls and we all make them hold hands differently. It’s not that deep. Go touch a waterfall. Go drink some tea. Get a proper nights rest and three square meals a day. Literally shut up. I am an adult human being who pays taxes. I’m sorry if I make my dolls hold hands in a way you don’t like. Oh well. Sucks I guess.

[to-illustrate-the-stars]

☎️ i love natori's depressing ass apartment...

[renewedmotionforjudgment]

Liu Yuning in A Dream Within A Dream

[clownhonkbonk]

hi rqg people i am once again late to the party

[scarycranegame]

people who post about "i'm not proship or antiship, i pay taxes" have the same energy as people who joke that their pronouns are "nor/mal": they aren't funny or interesting and they're inadvertently enabling fascist & bigoted behavior

[schistastic]

Working on my evil run and when I got to the part in act 2 where Gerringothe Thorm tells you to pay your taxes I had to do a double-take at the companion faces because they are UPSET.

Guys I think Gortash and Minthara are gonna cry at the thought of their tax evasion days finally coming to an end…

[chelireads]

hello!! since you're asking for ideas, how about... papa daemon playing with chunky chubby baby aegon 🤔

I was summoned by chunky chubby baby Aegon and while I didn’t draw them playing I think this is still sweet

The concept sketch and the work in progress because it was meant to remain a sketch but I went a lil overboard so now it’s a wip

Daemon has a papa tax whenever the hatchlings sneak into their parents bed.

Aegon is paying the papa tax

[bitchesgetriches]

What's this feeling? Hope? Optimism? No, that can't be right...

[thelaurenshippen]

I just think that if you pay a subscription for a service it should be illegal to then have pop-ups asking you to pay for more stuff. I want to kill intuit with hammers