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Does the tax on corporate profits go negative when you make a loss? Does income tax become negative when I loose money?
by ClumsyPilot 4y ago
Does the tax on corporate profits go negative when you make a loss?
Does income tax become negative when I loose money?
- thrown_22 4y agoDo you lose money up to every other second? Wealth is not income until you realize the gains. If your car goes up in value you can't sell 1/100th of it to cover the your tax obligations.
- legolas2412 4y agoWeird, that never stopped property tax. Why can't one have a wealth tax too. Maybe we can tax only productive assets. And you don't need to sell a small proportion, just let the government own that tiny bit