Re:How to have a billion dollar exit with zero capital gains...
by mcv on Tuesday May 10, 2022 @07:32AM
(#31325835)
> I don't want higher taxes for the rich, I just want the rich to pay the same tax rate as I do in the first place.
But they don't, because of tax loopholes like these. If you want the rich to pay their fair tax, we definitely should "tax the rich". A couple of years ago, Warren Buffett pointed out that his secretary paid a higher tax rate than he did. Also because capital gains are taxed at a far lower rate than income.
But they don't, because of tax loopholes like these. If you want the rich to pay their fair tax, we definitely should "tax the rich". A couple of years ago, Warren Buffett pointed out that his secretary paid a higher tax rate than he did. Also because capital gains are taxed at a far lower rate than income.