feld on Nostr: But where exactly are you taxing them? Because billionaires aren't making their ...
But where exactly are you taxing them? Because billionaires aren't making their "income" in a way that can be captured with payroll taxes.
Most of them are getting their money from massive loans against their assets/investments, or they're doing equity disbursements from their companies to avoid payroll taxes which is what basically everyone who has an LLC/S-Corp does.
I haven't seen anyone propose a workable solution to this.
Published at
2023-05-18 15:36:56Event JSON
{
"id": "791fa0c0078235c36233f00ad8575bb5197dbe6c1f683f58d8abda449e87d678",
"pubkey": "262d5a8a8201b6e0804087a9d26929935c7ac6682875b13fe24a5314a04a6cbf",
"created_at": 1684424216,
"kind": 1,
"tags": [
[
"p",
"f69fb14a1efb822723de9aa1f69f3a71e6325ecd73d27188c9ee8ad9c402647a",
"wss://relay.mostr.pub"
],
[
"e",
"50cbc83305382bfcb5191d77420eceed66ec970b78770606db7cf7dcf08cf595",
"wss://relay.mostr.pub",
"reply"
],
[
"mostr",
"https://bikeshed.party/objects/c82f3973-ace5-4fea-9537-7e1b33c66cb0"
]
],
"content": "But where exactly are you taxing them? Because billionaires aren't making their \"income\" in a way that can be captured with payroll taxes.\n\nMost of them are getting their money from massive loans against their assets/investments, or they're doing equity disbursements from their companies to avoid payroll taxes which is what basically everyone who has an LLC/S-Corp does.\n\nI haven't seen anyone propose a workable solution to this.",
"sig": "3076181a9378f57fa12062c1a610f7737a0b578bf4f16ee64a77e947c5688ad43adbeab0f0b824af46e0ba334b5e8f6c0deb0a65e1115e9e020efc917173aa60"
}
