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A comment on Billionaires should face a minimum tax rate, report says. Parent comment

Re:Billionaires should face a minimum tax rate, report says by influx on Monday October 23, 2023 @10:54AM (#37986507)
What happens if they are forced to sell stock in companies they founded and control, and after the sale they no longer have a controlling interest?
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Re:Billionaires should face a minimum tax rate, report says by ragestorm on Monday October 23, 2023 @10:59AM (#37986578)
They pay 2% on their wealth.
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Re:Billionaires should face a minimum tax rate, report says by influx on Monday October 23, 2023 @01:56PM (#37989202)
Their wealth is usually stock in companies they founded.... Billionaires don't sit around with a billion dollars in their checking accounts.
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Re:Billionaires should face a minimum tax rate, report says by eli on Monday October 23, 2023 @02:59PM (#37990048)
They don't sit around with zero dollars either though, right?

Even without a wealth taxes there are situations where someone may need to borrow or sell assets to cover a tax bill. The billionaires will be ok.

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