District of Columbia Suing MicroStrategy Founder Michael Saylor for Tax Fraud

How do you sell as leaders and politicians the fact that some of the richest people in the country get away with this for such long time without ANYONE noticing?
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So, it does make a difference if they notice? I always tried to figure out why Americans allow insider trading Pelosi-type crystal balls to still make a mockery of the country and its ethics. Even when in plain sight.

I guess it's something that only Americans can understand and are willing to tolerate. Other nations usually are quick to rebel against that sort of thing.
 
The_Krakenite said:
So, it does make a difference if they notice? I always tried to figure out why Americans allow insider trading Pelosi-type crystal balls to still make a mockery of the country and its ethics. Even when in plain sight.

I guess it's something that only Americans can understand and are willing to tolerate. Other nations usually are quick to rebel against that sort of thing.
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Yeah, that's the real elephant in the room. Insider trading, buying cheap land no one wants then pass legislation to put a road on it, etc. It's not the Saylors people should be upset about it. It's the politicians, the revolving-door elites who work at alphabet agencies then Big Pharma/Tech/Ag/etc., the NGOs and shadowy quasi-gov't groups who operate under extremely favorable tax laws, the Davos elites, etc.
 
Right, we should not be angry with the rapist who abused your daughter, we should all only be angry with law enforcement who did not put such guy in jail a lot earlier. You are an idiot. Plain and simple. Of course should we go after the real criminals harder than hold those accountable who are supposed to enforce laws and regulations. I am not apologetic for incapable politicians but degrees matter. It's ridiculous to excuse the real criminals.

MKTrader said:
Yeah, that's the real elephant in the room. Insider trading, buying cheap land no one wants then pass legislation to put a road on it, etc. It's not the Saylors people should be upset about it. It's the politicians, the revolving-door elites who work at alphabet agencies then Big Pharma/Tech/Ag/etc., the NGOs and shadowy quasi-gov't groups who operate under extremely favorable tax laws, the Davos elites, etc.
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deaddog said:
Me thinks it might be a substantial check. 10 years plus interest plus penalties plus a chance to make an example of a rich guy.
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They almost never make an example of a rich guy. But let's say they do, let's do the math:

1. If his salary (like Elon's) was really one dollar, than he may owns like fiddy cents for 10 years. But OK, let's make it $3.50...

2. The interest is like what, another 2 bucks on that?

3. I am not sure about the penalties, but let's go heavy. 50 bucks.

So he owns just under 60 bucks, thus he doesn't even want a lawyer, because the lawyer's fee per hour would be more than that. Bottom line is, capitalism was made for rich people so they can rig the system and not pay taxes. That won't change anytime soon.
 
Official complaint:

https://oag.dc.gov/sites/default/files/2022-08/Tributum v. Saylor - DC FCA Complaint_0.pdf

But:

"Did he have any capital gains to report though?

Saylor always says don’t sell your assets. Borrow against them instead. Borrowing against your assets is not a taxable event. No capital gain, no income, no income tax liability. If he didn’t technically have any taxable events then where he is domiciled becomes a moot point. It’ll be interesting to see how this case plays out in Court."

Since 2014:

"Citing the difficulties facing the Company, Saylor announced that he was accepting a reduced annual salary of $1.00, claiming that his pay cut was an act of service and investment in the Company."
 
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M.W. said:
Right, we should not be angry with the rapist who abused your daughter, we should all only be angry with law enforcement who did not put such guy in jail a lot earlier. You are an idiot. Plain and simple. Of course should we go after the real criminals harder than hold those accountable who are supposed to enforce laws and regulations. I am not apologetic for incapable politicians but degrees matter. It's ridiculous to excuse the real criminals.
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You're making a textbook false analogy and then calling me an idiot. That says a lot about you. My point is the biggest abusers of the tax and financial system are inside it. And the IRS code is Byzantine and vague enough for anyone with complex transactions to be "guilty" of something. So there are likely personal or political reasons why they go after Saylor but not Al Sharpton or these clowns.
 
Pekelo said:
They almost never make an example of a rich guy. But let's say they do, let's do the math:

1. If his salary (like Elon's) was really one dollar, than he may owns like fiddy cents for 10 years. But OK, let's make it $3.50...
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Up here in the frozen north they have what is called taxable benifits. Anyhing the company pays for that the employee should be paying for. For example a vehicle supplied by the company. You have to breakout personal vs work miles. A $1.00 salary would include a bunch of perks I'll bet.
 
The biggest abusers are the ones that actually abuse the system, the tons of CEOs and corporations that lobbied hard for tax loopholes and evaded taxes. Those are the wrongdoers. But of course as hardcore republican who gives a free pass for every corporate transgression you are not allowed to admit such. Read up on the story of Nortel Networks, a company with a history of corporate abuse, ignorance to hacking attacks, draining of pension and health care funds, and golden handshakes for its executives. Even after bankruptcy it paid out billions in dollars to lawyers and accountants before a single shareholder or former employer saw a penny of mismanaged profits. It's CEO in 2001 left with a 130 million Canadian dollars after he mismanaged the company into the ground. This story repeats itself over and over among most SP500 companies today.

You are the only one excusing mismanagement, theft, and tax evasion. That makes you the idiot in the room. And you are too stupid to recognize that those issues is what makes a majority lose trust in the entire system. We should hold regulators and lawmakers equally accountable but they aided and abetted they did not commit the actual crimes.

MKTrader said:
You're making a textbook false analogy and then calling me an idiot. That says a lot about you. My point is the biggest abusers of the tax and financial system are inside it. And the IRS code is Byzantine and vague enough for anyone with complex transactions to be "guilty" of something. So there are likely personal or political reasons why they go after Saylor but not Al Sharpton or these clowns.
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The biggest mistake that Michael Saylor made was going back to D.C. for any length of time after moving to Florida. I grew up in Virginia and I can honestly say that ever since I moved to Florida back in 1999, I've never had any desire whatsoever to go back to VA unless there was a requirement to do so like attending a funeral or something.

Aside from maybe seeing the leaves turn colors in the fall, I can't think of a single reason why I would ever go back there willingly.
 
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