Re:Scott Adams: How to Tax the Rich
by hackerblues on Saturday January 29, 2011 @06:25PM
(#2156757)
If I go into debt that year does that mean the fine gives me money?
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Re:Scott Adams: How to Tax the Rich
by redthrowaway on Saturday January 29, 2011 @09:16PM
(#2157128)
I'm not an expert, but I don't believe debt reduces your net worth. Irresponsible use of that debt does, but if I borrow $250k to buy a house, the value of that house offsets the debt. It's a wash in the end, is it not?
Well obviously the grandparent should be read as "If my net wealth decreases over a year then should the fine give me money?"