jeffw@lemmy.world to politics @lemmy.world · 2 年前'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgexternal-linkmessage-square152linkfedilinkarrow-up11.02Karrow-down114
arrow-up11.01Karrow-down1external-link'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgjeffw@lemmy.world to politics @lemmy.world · 2 年前message-square152linkfedilink
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·2 年前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.
minus-squareBytemeister@lemmy.worldlinkfedilinkΕλληνικάarrow-up1arrow-down1·2 年前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.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·2 年前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.
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.
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.
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.