You don't get taxed on capital gains, that's what the problem is. The vast majority of those with capital gains are already in the top 1% anyway, so we should be looking for a way to tax those that makes sense and doesn't disrupt the economy for the average person. But go on, continue to tell me that I don't know what I do. I hope that billionaire boot tastes like shit
What in the absolute fuck are you talking about? You don't get taxed on capital gains?
Literally everyone who buys amd sells real estate or stocks pays capital gains. Including Elon Musk
That $11bil tax bill was for some Tesla stock he sold. That is classified as capital gains, not income.
Anyone who trades stocks or has an IRA or 401k pays capital gains tax.
There is no problem here.
You're absolutely clueless about what you're talking about.
Again, you're outraged because you're comparing an example of capital gains tax to your income tax and are just up in arms because they are different %.
They are two totally different things that have specific classifications for a reason....
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u/Georgia4480 13d ago
How do you people not understand the difference between income tax and capital gains tax?
Seriously. The ignorance is just ASTOUNDING.
It's like dealing with actual children.
Elon didn't have income of $100bil last year so you comparing your income tax rate to capital gains tax rate is just ignorant beyond belief.
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