'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time - eviltoast
  • breetai@lemmy.world
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    8 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.world
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      8 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
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        8 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.