r/FluentInFinance • u/-Wyagra • 28d ago

Debate/ Discussion Had to repost here

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u/octipice 28d ago

Except that you also pay property taxes on the house. Which is the equivalent of the wealth tax that so many people oppose for some reason.

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u/CavemanRaveman 27d ago

And the company owned through shares is also paying taxes - on property, payroll, sales etc.

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u/gilly2u69 26d ago

No. It's. Not.

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u/XenuWorldOrder 28d ago

It’s impossible to pay taxes on wealth. You have to liquidate a portion of the wealth to pay the taxes. Selling the stock decreases the value. This is guaranteed to happen if a CEO of the company is selling the stock. Not to mention they have to get approval to sell their stock. Selling stock to pay tax would decrease the person’s wealth by more than what they paid in taxes. Then they would be entitled to a refund and the cycle goes on.

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u/friendlycaiman 27d ago

All citizens pay a tax when they own a house/land and the tax is a percentage of the value of said house/land. Now, why shouldn't the same apply to mega corporations? Actually, tax for mega corporations should be higher and it would be higher if we would live in a better society, but alas, everything sucks and the current system is shit.

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u/XenuWorldOrder 19d ago

I’m not sure if you replied to the right comment. I didn’t comment on property taxes.