ST Alpha - "Hardly any of his wealth would be taxed though because it's paper gains. You wouldn't get anything until he sells stock. -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 152

In response to "With Bezos looking to be the first trillionaire, time to bring back the 90% tax rate. There is no valid reason for any individual to hold that much " by TWuG

Hardly any of his wealth would be taxed though because it's paper gains. You wouldn't get anything until he sells stock. -- nm

Posted by spamlet May 15 '20, 10:18

(No message)

Responses:

So what you’re saying is that the net worth flat tax is a better idea! -- nm - JackDawson May 15, 10:20 6
- Wealth taxes are likely unconstitutional as an unapportioned direct tax. - spamlet May 15, 10:28 3
  - I was actually curious about your IM, in fact. -- nm - znufrii, silly old man May 15, 10:31 1
    - I’ve thought about it a bit since it gets raised every once in a while. I don’t know if I’ve seen anything like that on point though. - spamlet May 15, 10:40
  - Under the 90% tax no one counted unrealized gains as income, but I was being flippant about the flat tax point -- nm - JackDawson May 15, 10:29
- If you want to crash stock prices, right? - Will Hunting May 15, 10:23 1
  - There's trillions of ways (no pun) to monetize stock wealth without selling stock. Stock loans, etc. -- nm - JackDawson May 15, 10:30

Post a message top

Replies are disabled on threads older than 7 days.