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 chii on Tuesday May 10, 2022 @09:32AM (#31326918)

so is not paying more than their per-capita ratio not a fair share? I think 33% for a 1% cohort is quite large.

Why does the relative amount of tax paid against the total networth matter in this instance?

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Re:How to have a billion dollar exit with zero capital gains... by Thorrez on Wednesday May 11, 2022 @12:19AM (#31335805)

Would you have someone who's broke and unemployed pay the same amount of tax as a billionaire?

Ideally taxes shouldn't be a large burden to anyone. The richer someone is, the larger absolute amount of taxes that person can pay for the same burden level. In fact, it's not just a fixed percent. The richer someone is, the larger percent of taxes that person can pay for the same burden level.

The rich got to where they are by using the infrastructure built by the government. A rich person gets more value from the government than a poor person, so thus it's fair that a rich person pays more in taxes.

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