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In reply to the discussion: Joe Manchin swings at Biden's billionaire tax, saying the superrich can't be taxed on 'things you do [View all]Deminpenn
(15,279 posts)33. It's mind-boggling to think about how much money people like
Musk and Bezos have if 20% of their wealth is 50 and 35 Billion respectively.
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Joe Manchin swings at Biden's billionaire tax, saying the superrich can't be taxed on 'things you do [View all]
Polybius
Mar 2022
OP
If they are floating loans to live on, using that paper wealth as collateral....
TheRealNorth
Mar 2022
#3
unrealized gains are not income because the tax law was written that way.
Dyedinthewoolliberal
Mar 2022
#26
So, of we tax assets at, say, their present value, do we give them....
TreasonousBastard
Mar 2022
#5
I just don't see how a billionaire can afford to live if they have to pay more in taxes
ColinC
Mar 2022
#10
He profits from "gob" i.e. garbage coal...then lets call him Joe "gob" Manchin.
Peregrine Took
Mar 2022
#13
That doesn't actually explain about what would be done if stock value went down
muriel_volestrangler
Mar 2022
#34
More detail; this also raises the top rate on realized gains to 39.6%, also payable on inheritance
muriel_volestrangler
Mar 2022
#39
Please, people, vote in the midterms. I'm so sick of always hearing, "no" from this dude.
Joinfortmill
Mar 2022
#20