lionkoy5555@lemmy.world to No Stupid Questions@lemmy.world · 17 hours agoIs it really possible to tax the rich?message-squaremessage-square42fedilinkarrow-up1103arrow-down16file-text
arrow-up197arrow-down1message-squareIs it really possible to tax the rich?lionkoy5555@lemmy.world to No Stupid Questions@lemmy.world · 17 hours agomessage-square42fedilinkfile-text
minus-squareInternetCitizen2@lemmy.worldlinkfedilinkarrow-up3·5 hours agoIf a loan is acting as income (like it does for the ultra wealthy) then it should be treated like income and taxed accordingly.
minus-squareFourPacketsOfPeanuts@lemmy.worldlinkfedilinkarrow-up1·2 hours agoAnd what exactly is the difference between a loan and a loan acting as income?
minus-squareInternetCitizen2@lemmy.worldlinkfedilinkarrow-up1·1 hour agoThose loans are often several times more than the yearly income and done more frequently.
minus-squareWindex007@lemmy.worldlinkfedilinkarrow-up1·4 hours agoHow do you establish that a loan is or isn’t “acting as income”?
minus-squareInternetCitizen2@lemmy.worldlinkfedilinkarrow-up1·1 hour agoThose loans are often several times more than the yearly income and done more frequently.
If a loan is acting as income (like it does for the ultra wealthy) then it should be treated like income and taxed accordingly.
And what exactly is the difference between a loan and a loan acting as income?
Those loans are often several times more than the yearly income and done more frequently.
How do you establish that a loan is or isn’t “acting as income”?
Those loans are often several times more than the yearly income and done more frequently.