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Joined 1 year ago
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Cake day: June 10th, 2023

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  • It’s weird to think I can be given stocks and have to pay real taxes for the value of those taxes. But somebody who starts a business and owns a large number of shares never has to pay taxes on those shares even though they got them when they were worth $0 and now are worth possibly billions.

    Often times those shares can be used as leverage for a loan providing the shareholder with the quality of life of a billionaire without ever paying the taxes on earning the billions.

    This feature of taxes ONLY benefits the super wealthy and everybody else just has to pay taxes for every dollar of wealth earned.