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A comment on America's billionaires pay an average income tax rate of just 8.2%. Parent comment

Re:America's billionaires pay an average income tax rate of ... by duped on Thursday September 23, 2021 @10:12PM (#28637914)
It isn't your possession, so no. Your aunt will be until she dies. The thing to grasp here is that it's not the income that's taxed, it's the wealth. Like your house or car (if you live in a state with auto property taxes). Not like your paycheck.
[ Parent | on HN ]
Re:America's billionaires pay an average income tax rate of ... by naveen99 on Friday September 24, 2021 @07:28PM (#28648929)
Some companies actually value their brand reputation on their books in money. Would you tax that ? Would you tax people’s good reputation and good looks, or working arms and legs ? I owe you’s are even more commonly held as assets on people’s and company books. Would you tax flying kisses ? Would you tax well wishes, friendships ?
[ Parent | on HN ]