Re:Google Cuts Jobs in Engineering and Other Divisions
by strix_varius on Thursday January 11, 2024 @08:35PM
(#38962377)
Exactly, people constantly debate this but it's a solved problem. Don't tax input, tax output.
It also gives you a better scalpel. Instead of trying to wrangle the different income structures (blends of w2, 1099, stocks, bonds, real estate, etc etc), differentiate via the purchases:
- superyachts: very high tax - luxury cars: high tax - vacation homes: high tax - clothes: low tax - staple groceries: no tax
At that point, it doesn't matter that they borrowed against their positions because spending the money they borrowed still taxes their stocks indirectly.