Comment by thaumasiotes
Comment by thaumasiotes 8 days ago
> the current situation - where the ultra-wealthy don’t pay taxes because all their wealth is in unrealized gain
This is neither the current situation nor even a theoretical possibility.
Comment by thaumasiotes 8 days ago
> the current situation - where the ultra-wealthy don’t pay taxes because all their wealth is in unrealized gain
This is neither the current situation nor even a theoretical possibility.
Sorry, "don't pay taxes" was hyperbole - what I meant was have a lower tax rate than the rest of us.
Isn't that the whole point of all sorts of tax strategies, for instance Buy, Borrow, Die?
https://www.forbes.com/sites/davidrae/2022/07/14/how-the-ric...