Submit your work, meet writers and drop the ads. Become a member
(It’s that vernal, infernal, tax season. How about a tax avoidance vignette? It’s poetic—in it’s own way)

Some students at a table near us in the dining hall were discussing America’s financial inequities. One guy was saying that we ought to “tax the crap” out of billionaires and their billions—and there was agreement all around—the consensus was downright mob-like.

I had to chuckle though, because these guys have no idea how wealth is managed in the world today. I bet, for instance, they think Musk has 200 billion dollars in his basement somewhere, but no, Musk’s 200 billion is his ‘net worth,’ the theoretical value of his stock portfolio (or his unrealized assets).

Just between us chickens, I’m related to a few ‘filthy rich’ people, (no, NOT my parents) and I’ve met many others and I can assure you, dear reader, that the ‘filthy rich’ have nothing you can tax. Now, I’m not a finance major. Everything I know, I learned from my Grandmère and my parents who thought a girl ought to know about money. So anyway, just for fun, here’s a quick (I’m condensing and simplifying), lesson on how taxation and wealth work in 2025.

The wealth of the rich lies in their assets—the value of companies they own or stocks they’ve invested in. Those “paper assets” can only be taxed when they’re sold—or, in tax terms, when their intrinsic value is “realized.”

Now instead of selling off (taxable) assets to live, the superrich use those assets as collateral for “securities backed loans” which are nontaxable. Elon Musk, for instance, takes no salary. He uses his ($94 billion) Tesla stock as collateral for loans he uses to fund his lavish lifestyle and provide ready cash as needed.

Mark Zuckerberg, Larry Ellison, Warren Buffett and Jeff Bezos—to name a few billionaires we all know of, take little or no salary—their compensation comes in the form of untaxable stock options they can leverage.

If you think this can’t go on forever, you’re wrong. Even when these billionaires die, the value of assets gained during their lifetimes are immune to taxation. At that point, some assets can be sold by heirs to pay off the outstanding loans, again, without worrying about taxes.

TA DAAAA. Now you know how the rich do it. How they avoid taxes in both life and death, and manage to leave massive fortunes to their heirs.
.
.
Songs for this:
Done Changed My Way of Living by Taj Mahal
Run On by Elvis Presley
BLT Merriam Webster word of the day challenge 03/20/25:
Vernal = something that occurs in the spring


P.S.
If you snarl, “Well, that’s unfair, we need to stop this pilfering and tax unrealized assets!
Well, he Biden administration proposed just that: proposing households with over $100 million in wealth, face an annual tax of up to 20% on the appreciation of assets. But the republicans killed it, and even if such a policy had passed, it’s quite possible that the Supreme Court would have ruled it unconstitutional.
Pojamusic Oct 2024
One, two, three, four,
five, six, seven, eight,
why are life around here poor,
why our people never fight.

One, two, three, four,
five, six, seven, eight,
why there isn't enough love,
why our future's not so bright.

One, two, three, four,
five, six, seven, eight,
the lives that matters, are all gone,
on the future, there´s no light.

One, two, three, four,
five, six, seven, eight,
try to avoid every thought,
life is never just a game.

- Tarmo Selter -
2024
Pojamusic Oct 2024
You can see me like a fool,
I try to do my best,
some people think that I´m their tool,
you´ll really never guess...

Society are doomed,
taxes rising up,
the are people, who are fooled
of politicians crap.

Do people really understand
that life belongs to them,
their families, their homes are gone,
if pribes are never paid.

Politicians never know
what really counts to them
until they see there life is gone
to higher purpose then.

Society are doomed,
taxes rising up,
there are people, who are fooled
of politicians crap.

We really, really have to stand
for what belongs to us,
they all, who never understand,
they have to watch their backs.

Patience sometimes ending soon,
if there is some pain,
then the goverment plays fool,
why there´s so much hate.

Society are doomed,
taxes rising up,
there are people, who are fooled
of politicians crap.

People want to live their own
they didn´t want to hate,
they just want to own their home
for a better fate.

- Tarmo Selter -
2024
It'll all work out
It'll all work out
It'll all work out

These are the words
I've been repeating
To myself nonstop for
The past few months
Like a compulsive
Prayer

But I'm not sure
Of them anymore
To be honest I'm not
Quite sure of anything
These days other than
Death and taxes
A piece about anxiety... plus, I'm a tax auditor, so a little joke about work as well.
There were black shoes, black shadows
white cuffs, white clouds
black shirt, black boards
white belt, white butterflies

You tell me, your world is black and white,
but,
I ask you,
"Is that all I saw?"
What more, my dear pessimist, you jeer,

So, I say,
Well, of course,
there were blue skies, blue scorpions
white doves, white daffodils
red roses, red blooded hooligans

You tell me, typical American -
so patriotic,
you bleed the colors you fly,
and die draped in your pride,

but I see you
in your myopia,
your dull diatribe of patriotism

I understand you

you are blind to the mind of your soul
you only see
what I tell you
you only see
what you consume
you do not see
what is between
the slats
of your window

when they shut
you do not peek

when they open,
you imagine night has turned to day
when they close
you prepare your bed for the night
despite the noonday sun
you are a prisoner of shallow waters
drowning
while ankle deep
hollering
believing no one hears you
shrieking - how the world has changed!
unaware that the shores move
in ballroom dancer rhythms
sweeping back
and forth
along the bay
because the seas are alive
but you are standing still

not even the earth
beneath your feet
is still,
despite holding your entire reality
safely,
motherly,
in the insurmountable expanse
of its grasp

Yet, should the earth shake
and rock you
should the hurricane blow
and displace you
should the mountains tumble
and smother you
should the sky open its celestial gob
and expel you
should the mother open her subterranean maw,
and swallow you deep
deep
would you, deeply, care
that the possibility of it all
was an open invitation
a sealed letter
that was never
at your behest
to open
and display its contents

I, too,
have bequeathed upon you
a sealed invitation
to the worlds I paint
with these jigsaw vignettes we call words
and all
you had to do
was open the seams

not with a file

a file to cut the purse
the bounty
of the promised speech
no
I ask you
that you but pry open my soul
with curiosity
and peer within the tattered layers of my story
my lives
unlived & overwritten
letter by letter
slip in that noodle protracted by your pineal eye
and taste the essence of the realities
you have failed to purchase
that meander about the words you,
selectively,
chose to ignore
like the milk around alphabet cereal
or the broth around alphabet soup
or the fine-grained blank spaces
the parchment
the canvas of woe
around the words that comprise
a stack of divorce papers
or an exam
or the dread of a long-awaited raise...

Imagine,
for a moment
ignoring the obvious
the letters,
the sentences and paragraphs,
the divorce papers
the exam
the pay-bump,
and just look
at the parchment - the fine-grained,
thin sheet of sophistication

touch it
taste it, maybe,

run your hand along it
the surface of it
or the edge of it
***** your finger on the corner
slice your finger on the edge
the paper has a malice that invites
your masochism
curiosity is power
but also
despair
peer deeper

turn your head about
lower it, sideways
all
the
way
down, and
press your ear,
left or right
against the parchment
the paper
the papyrus
the product
hear its screams
the CHURN-CHUG-GGGHGGHHGRRRRR!!!
that chainsaw
like a thousand hatchets
splayed out
dancing on the circumference of
a taught merry-go-round of death
cutting into the mother
the father
the child
the tree
cutting it open
that it may be cut again
again
again
tormented
pulled apart
pulverized
tenderized
pulped
poured
pushed
pressed
preened
­glossed - maybe
matte - possibly
the choice is yours
harvest the living
for the living death of your divorce
your exam
your raise
massacre those families
not just the trees
the bears, the deer, and the little fox, too!

I'm green with envy,
thinking about all that potent pulp
coming your way
the smell of it
place yourself in its abundance
the smell of industry
its factories
academies of excellence
an office
a school
a registrar, magistrate, Corporate HQ,
the Pentagon, the Taj Mahal,
Big Ben,
the daily mail of any place where
the morning paper
is LAW
and
should this be the first time
you heard the screams
just imagine being a tree
coming to pay respects to your family
smell that death
as you creep in
watch
look about you
at the carcasses
strewn about
in neat, pedantic stacks labeled, A4, A3, letter,
fax or snail mail?

My world is plenty black & white
& white & red & blue,
but it's also got screams,
and the stench,
the carcasses of the forest's children
fit for your pleasure
to tear up,
chew up,
gum up with saliva
and shoot through a straw
into the neck of a fellow butcher
and laugh
laugh and snarl and howl and cackle

Laugh
because,
you never dared to kneel down
pay reverence to the
screams
in the parchment
you let the blinds close
you dared not peek through
you let yourself rot there
in the closet
of your mind
in the dark
and when I say, I'm sad,
you say,
"That *****."
You don't ask,
what's around the sadness,
what came before and what could after,
what's in the folds of sadness,
guilt, regret, and loneliness kneaded in

no,
you look at the sadness,
the dull blue,
and you say,
"Yeah,
that's blue alright,"
then you close your coffin
and go to sleep
This poem became so much more than what I was expecting at the outset, and I love it, LOL.

Enjoy!
Ken Pepiton Aug 2023
mere
words uttered
in subtlest of melodies

harmless dove's cooing harmony
with morning in the old orchard,
olives from a hundred years ago
in an imagined descripted re vision,
grown wild into a forest with hallways,

listen.
First stanza of a Sunday in my environs on the face of this Earth.
Man Aug 2021
Take all your taxes and see if you aren't able to get more done with them
Then those that represent you.
Do those that do, really represent you
Or do they resent you?
And secretly tread with scorn?
If you truly want change, seek an office
Grab a gavel
Do your part
xavier thomas May 2021
Invested my love to you 3 different times
then you ghost me like I never existed?
naw you got this -ish twisted, love

I want a refund
Carlo C Gomez Nov 2019
They both prey
Upon the little guy
Who's just tirelessly
Trying to put something away
For a rainy day
Next page