@[email protected] to politics @lemmy.world • 7 months ago'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgmessage-square136fedilinkarrow-up11.01K
arrow-up11.01Kexternal-link'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.org@[email protected] to politics @lemmy.world • 7 months agomessage-square136fedilink
minus-square@[email protected]linkfedilink1•7 months agoThat’s my point. They were worth 20 million. Due to legal restrictions I couldn’t sell. As such I would have to pay taxes on 20 million. When I could sell they were worth zero. So I would have ended up negative.
minus-square@[email protected]linkfedilinkΕλληνικά1•7 months agoSounds like that stock wasn’t worth the risk then. That’s capitalism in a nutshell brahski, people lose money betting on the market every day.
minus-square@[email protected]linkfedilink1•7 months agoIt was part of my compensation. It didn’t cost me anything. It’s naive to think we will ever tax unearned income. Not only is it against the law, it would destroy everyone.
That’s my point. They were worth 20 million. Due to legal restrictions I couldn’t sell. As such I would have to pay taxes on 20 million. When I could sell they were worth zero.
So I would have ended up negative.
Sounds like that stock wasn’t worth the risk then. That’s capitalism in a nutshell brahski, people lose money betting on the market every day.
It was part of my compensation. It didn’t cost me anything.
It’s naive to think we will ever tax unearned income. Not only is it against the law, it would destroy everyone.