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> US tax system is the most progressive in the OECD [1] Except that being paid in shares is not really calculated as a pay and top levels borrow money from ban
by thefz 1y ago
> US tax system is the most progressive in the OECD [1]
Except that being paid in shares is not really calculated as a pay and top levels borrow money from banks with shares as a collateral so basically they pay zero taxes on their income. Even kids know that.
- SideQuark 1y agoI guess kids don't know how to read or the Internet then. Simply google "do ceos pay taxes on shares" and you'll see plenty of places making it clear they do. Part of my income at several places has been in shares, and they're always taxed. Borrowing against assets isn't taxed for anyone, as it's not income, whether it's a common homeowner getting a mortgage, a person spending on a credit card, or any other loan. Zero of this affects the facts I linked. And your claims are demonstrably wrong. Even kids know that.