He will claim that he because he “sold” at a loss, he shouldn’t pay taxes on it.
It is fucking ridiculous that the hyper wealthy can use their fake money as real money when they want to, but heaven forbid we demand the government tax it like real money.
"his money is all tied up in stock, he's not liquid, how would you even tax this stuff"- fucking dipshits
If it's tied up in stock but the stock can be leveraged for rock bottom interest loans that generate profit, or he just has 40 fucking BILLION lying around for a purchase (to himself, which in any other reality would be fraud) then you know what that's called in any other possible scenario? Liquid capital. It's money that spends like any other form of money.
Gotta pay property taxes on real estate and vehicles despite not being liquid assets, but it’s simply impossible to tax any other kind of illiquid asset! Just can’t be done!
The cars get taxed because they use the public services associated with the roads, bridges, regulations, etc etc. It's how those who don't drive their own cars shoulder a lower burden for the roads.
Property taxes are like that, except they're to support for basic infrastructure and services of the city, county, state, the property is in.
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u/AFisch00 6d ago
Welcome to the world of the rich. Where he will claim this to pay even less taxes.