whoxtank28

@whoxtank28@lemmy.world

• ⁨Comment⁩ on ⁨How would you actually tax the ultra wealthy?⁩ ⁨⁨1⁩ ⁨week⁩ ago⁩:

  Its a buy borrow die strategy. You take loans and refi them to be larger and larger until you die, when you do, the cost basis is reset (so if your cost basis was 1,000,000, but you investments are now worth 20,000,000, your cost basis becomes an untaxable 20,000,000) this new “stepped up” untaxable money (in investments) is used to pay off the debt by selling some assets, lets say 5,000,000 in debt covered by selling (untaxable) investments. This would be for someone with a handful of millions of dollars, I can only imagine what it is like for someone who has hundreds of billions in assets…

• ⁨Comment⁩ on ⁨What's a highly-rated, critically acclaimed TV series that you couldn't get into, or have no interest in?⁩ ⁨⁨11⁩ ⁨months⁩ ago⁩:

  Call me a monster, but Breaking Bad. It is just feel bad and cringe, I hate it lol.