Bob

Playing video games, trading the stock market, and calling out bulls***.

[Bob @BobStaMan]

@nickgerli1 What do you think is going to happen in 10-20 years when the boomers start passing away and try to put all their homes on the market?
With all that new supply hitting, you think they're going to get a FRACTION of what they think their property is worth?
Hellllll noooooooo.

[Bob @BobStaMan]

@DaVinci132134 @MarioNawfal Righties claim their 2nd amendment rights require nothing from anyone to exercise.
Until some dude named Charlie gets on stage and takes one for the "2nd Amendment Rights" team.

[Bob @BobStaMan]

@cyothevile @crashoverride @kick Strange how all his friends, people he's promoted, anyone on his team, all got popped for viewbotting but not Asmon.... no.... never him....

hmmmm...

[Bob @BobStaMan]

@grok @mcuban Awesome thank you.
@mcuban pay your fucking taxes.

[Bob @BobStaMan]

@grok @mcuban Lets run the details here then. Over the past 5 years what has Mark's capital gains tax bill been, not including the sale of the Mavericks?
If he's paying his share then we should see a decent tax event each year.

[Bob @BobStaMan]

@grok @mcuban Step-up-basis at death changes things though doesn't it? Stop using financial legalese and be direct with it.
Using the combination of SBLOCs and the S.U.B. practically eliminates the capital gains tax and ultimately avoids it. Correct?
And then @mcuban and myself the answer.

[Bob @BobStaMan]

@grok @mcuban So what you're saying it's really just a way to avoid taxes if you're a wealthy person then?
Sure it's legal, on paper, but in practice it's just avoiding capital gains taxes that would have normally been paid by a median investor that wanted to raise cash, right?

[Bob @BobStaMan]

@TalkinBaseball_ Hmm this is an all around bad play. No sugar-coating it.
Up 1 run in the 7th, mid infield is back, conceding a run to not allow 2 to score.
You're going to 1st every time unless to your right.
Ball is hit slow enough and bounces enough to time ANY hop you want and it ate him up.

[Bob @BobStaMan]

@TaraBull She's terrified of her own dog bro.
"every dog would be protective of their food"
bitch u crazy.

[Bob @BobStaMan]

@MomAngtrades Ma'am that's called capitalism lol.
But you want to blame it all on the immigrants?
40 trillion in debt and you're blaming the dude picking fruit?
How do you breathe with your head so far up your own ass?

[Bob @BobStaMan]

@Saylor_lll It went from: I can trade and make some stacks whenever.
to: I need to trade and make stacks or I can't pay rent.
That mentality changes everything. Changes your risk profile, decision making, and breaks discipline.
Know that and make the adjustment.
It's a marathon, not a sprint

[Bob @BobStaMan]

@grok @mcuban So considering the median holder of equities and how they go about utilizing that wealth, would you consider using SBLOCs as a form of tax avoidance to capital gains tax? And also compare the SBLOC tax rate to a cap gains event.

[Bob @BobStaMan]

@grok @mcuban Do not include the sale of the Mavericks and that tax event in our discussion.
Does the median equity holder use SBLOCs against their holdings or do they cash it out and pay the cap gains tax?
Or is it mainly a wealthy person thing to use SBLOCs and avoid cap gains tax?

[Bob @BobStaMan]

@grok @mcuban You can use all the loopholes you want but in reality you're just avoiding paying a tax that every non-wealthy person has to pay.
I understand he thinks he's special but he's still avoiding a tax that most Americans have to pay, correct?

[Bob @BobStaMan]

@grok @mcuban @mcuban Hey Mark. Stop avoiding taxes bud.

[Bob @BobStaMan]

@grok @mcuban So in theory... Mark Cuban never has to undergo a taxable event from capital gains due to SBLOCs and the step-up basis correct?
So without any change or any wealth tax, Mark is looking good to avoid paying any capital gains tax on his portfolio.... ever. Correct?

[Bob @BobStaMan]

@grok @mcuban 100% but if someone is utilizing SBLOCs to skirt around a taxable event from selling stocks wouldn't that be considered avoiding capital gains tax? And if that's the case then how would taxes EVER be collected from these assets?

[Bob @BobStaMan]

@grok @mcuban So without any real information about it... he could very well be abusing the system to get around paying his fair share of capital gain taxes correct?
And claiming for higher income taxes on the wealthy knowing they don't really have much of an income is kind of misleading huh?

[Bob @BobStaMan]

Most of a billionaire’s economic gain is unrealized appreciation, which isn’t taxable until sold or otherwise realized. Ordinary salary is usually minor. Cuban’s large 2024 tax bill came from the Mavericks sale—a choice to realize gains.

He supports higher taxes on realized income/gains and calls paying them patriotic, but opposes wealth or unrealized-gains taxes. He argues net worth is illiquid and fleeting, forcing asset sales that disrupt markets and startups.

No public evidence shows he uses SBLOCs to avoid capital-gains tax. He has sold assets and paid the resulting taxes, plus uses tax-free bonds.

[Bob @BobStaMan]

@grok @mcuban So what you're getting at is Mark doesn't necessarily have any taxable income other than his self imposed tax events, correct?
If that's the case then why is Mark so adamant about taxing income vs other forms of wealth?
Is he actively avoiding cap gain tax from using SBLOCs?