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While I understand the drawbacks, the current situation - where the ultra-wealthy don’t pay taxes because all their wealth is in unrealized gain - is even worse
by sethherr 1y ago
While I understand the drawbacks, the current situation - where the ultra-wealthy don’t pay taxes because all their wealth is in unrealized gain - is even worse
- thaumasiotes 1y ago> the current situation - where the ultra-wealthy don’t pay taxes because all their wealth is in unrealized gain This is neither the current situation nor even a theoretical possibility.
- sethherr 1y agoSorry, "don't pay taxes" was hyperbole - what I meant was have a lower tax rate than the rest of us. Isn't that the whole point of all sorts of tax strategies, for instance Buy, Borrow, Die? https://www.forbes.com/sites/davidrae/2022/07/14/how-the-rich-use-the-buy-borrow-die-strategy-to-avoid-large-tax-bills/ https://www.forbes.com/sites/davidrae/2022/07/14/how-the-ric...
- freeone3000 1y agoThis valuation of software for business taxes. If a business never sells its software, the software may very well have no value.
- sahila 1y agoWhat about an internal tool that helps improves processes but doesn't ever sell or google.com and gmail which are free to users?