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You have to pay taxes on houses and/or vehicles forever (depending on the state).
by niij 7y ago
You have to pay taxes on houses and/or vehicles forever (depending on the state).
- hannasanarion 7y agoYou don't pay taxes on your vehicle if you don't drive it. All vehicle related taxes I'm aware of are usage taxes, not wealth taxes. Real estate taxes are a thing, yeah, but only at the state level and below. A better statement would be: there is no federal wealth tax, and taxes on non-real property are unheard of, but that's a mouthful.
- kerng 7y agoI'm not sure how this ended up being about wealth taxes. If you get RSU pre IPO, you have to pay regular tax on the value at IPO time. So, if you get a billion dollar in RSU, then you pay a couple hundred million in tax at time of IPO. Hence, unless you are already rich, you need to sell stock just to cover the taxes. I'm not sure what kind of stock Uber issues and what kind a founder would have gotten (e.g options, RSU,...)