How to have a billion dollar exit with zero capital gains tax

Re:How to have a billion dollar exit with zero capital gains... by bojangleslover on Tuesday May 10, 2022 @02:40AM (#31324183)

Infrastructure is just a sliver of the fed budget. Education is funded by property taxes, also a sliver. "History" and "societal background" has absolutely not been "paid for by taxes".

If every working American contributed $8,000 in taxes we would have the same revenue as the insanely progressive system we have now. I don't think anyone here would advocate for zero taxes. I think they would simply advocate for less taxes.

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Re:How to have a billion dollar exit with zero capital gains... by pcrh on Tuesday May 10, 2022 @03:25AM (#31324472)

>If every working American contributed $8,000 in taxes we would have the same revenue

You're not arguing for lower taxes; you're arguing for higher taxes on the poorest.

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Re:How to have a billion dollar exit with zero capital gains... by hamter on Tuesday May 10, 2022 @02:55AM (#31324290)

someone who has a billion dollar exit is in a somewhat better position to pay those taxes than a person scraping by on minimum wage. What you seem to be advocating for here is not less taxes but pushing the taxes downward to people who can less afford them.

Maybe instead the federal government could do inventive things like substantially cut the military budget.

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