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    11/17/2021 1:52 pm  #1

    xoxoxoBruce
    The Future is Unwritten

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    Registered: 10/15/2020
    Posts: 4,340

    People Mostest Rich

    Musk, Bezos, Gates, Buffet, plebeian pikers in the course of history.
    The top bakers dozen are...

     Freedom is just another word for nothin' left to lose.
     
     

    12/19/2021 3:47 am  #2

    xoxoxoBruce
    The Future is Unwritten

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    Re: People Mostest Rich

    Here's 4 rich people... 


    I'm not comfortable with the tax their wealth plans.
    OK, the value of your company went up with the market so you're taxed on that increase in wealth.
    Then the market and the value of your company goes down, do you get a rebate?
    Value and net worth are a tricky calculation and not a good basis of taxing.

     Freedom is just another word for nothin' left to lose.
     
       •Thread Starter
     

    12/19/2021 1:19 pm  #3

    Happy Monkey
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    From: DC
    Registered: 10/13/2020
    Posts: 494

    Re: People Mostest Rich

    xoxoxoBruce wrote:

    OK, the value of your company went up with the market so you're taxed on that increase in wealth.
    Then the market and the value of your company goes down, do you get a rebate?

    Probably a deduction, similar to other capital gains.
     

     _______________
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    12/20/2021 1:08 pm  #4

    Diaphone Jim
    Not Ignoring You.

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    Posts: 1,314

    Re: People Mostest Rich

    What difference does it make if you own a quarter of the world, but can't buy a chocolate milkshake?

     

    12/25/2021 12:50 am  #5

    xoxoxoBruce
    The Future is Unwritten

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    Posts: 4,340

    Re: People Mostest Rich

    Undertoad wrote:

    guess what 

    One year then what? I'd guess back to the previous pattern.

     Freedom is just another word for nothin' left to lose.
     
       •Thread Starter
     

    12/25/2021 12:53 am  #6

    xoxoxoBruce
    The Future is Unwritten

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    Registered: 10/15/2020
    Posts: 4,340

    Re: People Mostest Rich

    Happy Monkey wrote:

    xoxoxoBruce wrote:

    OK, the value of your company went up with the market so you're taxed on that increase in wealth.
    Then the market and the value of your company goes down, do you get a rebate?

    Probably a deduction, similar to other capital gains. 

    Assuming you have any income to take a deduction.
     

     Freedom is just another word for nothin' left to lose.
     
       •Thread Starter
     

     

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