What they’re doing now is borrowing money against their stock holdings. It isn’t considered income because it’s debt. but it avoids all taxes. including capital gains
If there's no realization event, then be creative with legislation applicable to taxing such borrowing upon either repayment or forgiveness of debt. For billionaires.
Comments
The orange faced rapist made some very embarrassing mistakes during covid that he would like to rewrite.
I don't have a problem with being targeted, there isn't a better cause.
Just sayin'
Cancel Musk-rat
Please repost