Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—’Yeah, sure, but why not?’
spatialdestiny @ spatialdestiny @lemmy.one Posts 0Comments 7Joined 2 yr. ago
spatialdestiny @ spatialdestiny @lemmy.one
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If Elon musk sells a billion in stock because he needs cash to buy a company, say like Twitter, isn't that income tax? When an investment is realized, isn't that also income? I know that a lot of the rich use assets as collateral to borrow instead of 'realizing' it, but to say the rich aren't affected by income tax isn't entirely true.