AfterNova@lemmy.world to Ask Lemmy@lemmy.world · edit-21 month agoDo billionaires have most of their income taxed as ordinary income or capital gains?message-squaremessage-square27fedilinkarrow-up161arrow-down11
arrow-up160arrow-down1message-squareDo billionaires have most of their income taxed as ordinary income or capital gains?AfterNova@lemmy.world to Ask Lemmy@lemmy.world · edit-21 month agomessage-square27fedilink
minus-squarebamboo@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up7·1 month agoIt should also be binding that if you declare that your assets are worth a certain value, the government has the option to buy the asset at that value, to avoid people under representing their net worth for unrealized gains.
It should also be binding that if you declare that your assets are worth a certain value, the government has the option to buy the asset at that value, to avoid people under representing their net worth for unrealized gains.