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11/17/2021 1:52 pm  #1


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


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


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


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


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


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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