Re:Billionaires Build
by Frondo on Saturday December 05, 2020 @04:52AM
(#25313197)
So let the beatles pocket their billion, and we'll collect most it back at the end of the tax year. How's that?
[ Parent
| on HN ]
> So let the beatles pocket their billion, and we'll collect most it back at the end of the tax year. How's that?
Sounds about right. Meanwhile the owners of the capital are free to make money off the float (and pay capital gains rates on those profits).
Thievery.
Taxation isn't thievery.
Re:Billionaires Build
by WalterBright on Sunday December 06, 2020 @12:17AM
(#25321267)
That depends on why the tax is applied.