03-19-2025, 05:58 AM
(03-18-2025, 06:01 PM)quintessentone Wrote: None of that would matter if the billionaires and lesser millionaires were taxed to pay their fair share.
This is interesting, I looked this up once, let’s say I’m a million/billionaire head of a company, say like amazon how do I get ‘paid’? my salary would be taxed so I draw a little salary, but that’s insignificant, what I really get paid in is stock.
1. Stock is not taxed, until it’s cashed.
2. I get a loan on that stock, and I don’t cash the stock.
3. I later get another loan as my stock amount/value rises.
Loans are not taxed, so I pay virtually no taxes. It’s all perfectly legal.
money money money, must be funny, in a rich man’s world