Comment on Is it really possible to tax the rich?
InternetCitizen2@lemmy.world 1 week agoThose loans are often several times more than the yearly income and done more frequently.
Comment on Is it really possible to tax the rich?
InternetCitizen2@lemmy.world 1 week agoThose loans are often several times more than the yearly income and done more frequently.
FourPacketsOfPeanuts@lemmy.world 1 week ago
You don’t have to repay income. When you repay the loan should you get the tax back?
InternetCitizen2@lemmy.world 1 week ago
The loan was used to evade taxes. Those loans on stocks are effectively turning their stocks into gains and should be taxed as such.