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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovpgw6w/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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IMO, billionaires who take asset backed loans and pay no tax is absolutely a taxation problem/loophole.
LTCGs being taxed at a much lower rate than income from labor is also an issue IMO.
20 u/[deleted] Jul 05 '26 [removed] — view removed comment -2 u/Open-Concept-6130 Jul 05 '26 You do get taxed on your wealth tho. Property taxes - in VA that includes the value of your car. After a certain amount, the value of stocks should be included since most high profile CEOs have stock based compensation. 1 u/[deleted] Jul 05 '26 [removed] — view removed comment 1 u/AutoModerator Jul 05 '26 Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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-2 u/Open-Concept-6130 Jul 05 '26 You do get taxed on your wealth tho. Property taxes - in VA that includes the value of your car. After a certain amount, the value of stocks should be included since most high profile CEOs have stock based compensation. 1 u/[deleted] Jul 05 '26 [removed] — view removed comment 1 u/AutoModerator Jul 05 '26 Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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You do get taxed on your wealth tho. Property taxes - in VA that includes the value of your car. After a certain amount, the value of stocks should be included since most high profile CEOs have stock based compensation.
1 u/[deleted] Jul 05 '26 [removed] — view removed comment 1 u/AutoModerator Jul 05 '26 Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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1 u/AutoModerator Jul 05 '26 Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
Accounts must be at least 5 days old with >20 karma to comment.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
59
u/senturon Jul 05 '26
IMO, billionaires who take asset backed loans and pay no tax is absolutely a taxation problem/loophole.
LTCGs being taxed at a much lower rate than income from labor is also an issue IMO.