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[+]klobos0 points0 points0 points
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[–]klobos0 points
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(edited ago)
If you make $100k of investments, you owe nothing until you make money. So you buy $100k in ABC stock, when you sell it for $120k, you owe 10% on the $20k, so $2k in taxes.
When you get into your billions talk I'm lost, you math is nigger level. Ha. But making a billionaire pay 10% on what he earns is a lot more then zero, which is the current way it works with all the deductions, loopholes, funneling profits through this company and all losses through this and that company. The effective tax rate for large corporations and those massive family trusts is near zero. And your island example, a "company" buys the island, and all the maintenance, shipping food and water, transportation to and from, all tax deductible and all bullshit.
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[–] klobos ago (edited ago)
If you make $100k of investments, you owe nothing until you make money. So you buy $100k in ABC stock, when you sell it for $120k, you owe 10% on the $20k, so $2k in taxes.
When you get into your billions talk I'm lost, you math is nigger level. Ha. But making a billionaire pay 10% on what he earns is a lot more then zero, which is the current way it works with all the deductions, loopholes, funneling profits through this company and all losses through this and that company. The effective tax rate for large corporations and those massive family trusts is near zero. And your island example, a "company" buys the island, and all the maintenance, shipping food and water, transportation to and from, all tax deductible and all bullshit.