| ▲ | giantg2 an hour ago | |
It seems your article is saying the same sort of thing I already stated - "The share of taxes paid by the richest 1 percent (24 percent)", right? You are talking about effective taxes rates, which are different. To discuss that, I would have liked to see a bit more detail in the article, like what the income sources were and the deductions and losses to offset gains. I think changes around capital gains and loans against equities could use some adjustments. The other taxes like payroll are basically moot as Bezos's payroll income is only about $90k per year anyways. | ||
| ▲ | atmavatar 6 minutes ago | parent [-] | |
> I think changes around capital gains and loans against equities could use some adjustments. At minimum, taking out a loan based on the current value of an asset should trigger immediate realization of capital gains/losses for at least those assets used as collateral. After all, the gains are already de facto being realized for the purpose of the loan. Unfortunately, I'm not quite sure how to address the other side of things - that said loans often don't have to be repaid so long as the assets continue to gain. As such, the capital gains are actually being realized continuously by the loan, but I doubt it's feasible to properly handle that in tax law. | ||