@[email protected] to politics @lemmy.world • 29 days agoHarris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%www.commondreams.orgmessage-square45fedilinkarrow-up1624cross-posted to: [email protected][email protected]
arrow-up1624external-linkHarris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%www.commondreams.org@[email protected] to politics @lemmy.world • 29 days agomessage-square45fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilinkEnglish84•29 days agoIt’s hard to tax income if there’s no reported income
minus-square@[email protected]linkfedilink51•29 days agoRewrite the laws that if it’s collateral, it’s realized.
minus-squaresnooggumslinkfedilinkEnglish47•edit-229 days agoTax the loans based on collateral as income and you don’t even need to figure out the value of the collateral.
minus-squareSaltySalamanderlinkfedilink5•29 days agoThen everyone taking out a home equity loan suddenly has to pay the taxes as if they sold their house.
minus-square@[email protected]linkfedilink11•29 days agoOk so make it that equity in a primary residence is exempt.
minus-squaremetaStaticlinkfedilink29•29 days agoI just get loans on untaxed offshore collateral and write it off as a business expense like everyone else, don’t you?
It’s hard to tax income if there’s no reported income
Unrealized gains tax. Lets fucking go.
Rewrite the laws that if it’s collateral, it’s realized.
Tax the loans based on collateral as income and you don’t even need to figure out the value of the collateral.
Here we go; this guy gets it.
Then everyone taking out a home equity loan suddenly has to pay the taxes as if they sold their house.
Ok so make it that equity in a primary residence is exempt.
I just get loans on untaxed offshore collateral and write it off as a business expense like everyone else, don’t you?