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Commented this below, but: People can do things like take loans against their investment gains, use that money for other investing. It can absolutely be invisi
by ldjkfkdsjnv 3y ago
Commented this below, but:
People can do things like take loans against their investment gains, use that money for other investing. It can absolutely be invisible to the IRS as they skirt tax laws.
Another example, take the construction industry. Its estimated that half the money getting paid to construction contractors is under the table.
- game_the0ry 3y ago> People can do things like take loans against their investment gains, use that money for other investing. True, and asset prices go up even more, but what happens when they can't get the financing or have to start selling to pay down the financing of other assets as prices go down?
- ldjkfkdsjnv 3y agoThe economy starts to crash and the government prints more money, causing inflation. Which is then a tax on regular americans.