'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time - eviltoast
'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time | Common Dreams
www.commondreams.org
"It's time to tax the billionaires," economist Gabriel Zucman argues in a new analysis.
  • breetai@lemmy.world
    1·
    6 months ago

    That’s my point. They were worth 20 million. Due to legal restrictions I couldn’t sell. As such I would have to pay taxes on 20 million. When I could sell they were worth zero.

    So I would have ended up negative.

    • Bytemeister@lemmy.worldΕλληνικά
      11·
      6 months ago

      Sounds like that stock wasn’t worth the risk then. That’s capitalism in a nutshell brahski, people lose money betting on the market every day.

      • breetai@lemmy.world
        1·
        6 months ago

        It was part of my compensation. It didn’t cost me anything.

        It’s naive to think we will ever tax unearned income. Not only is it against the law, it would destroy everyone.