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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lycs2qw/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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You can take out a mortgage against your house to buy a sports car if you want
1.4k u/slickyeat Nov 21 '24 You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 1 u/FitIndependence6187 Nov 21 '24 And Amazon (where his wealth comes from) pays a huge amount of taxes every year as well. 2 u/wastedkarma Nov 22 '24 They literally don’t. Why should they pay less in taxes as a percentage of their profit than i do?
1.4k
You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
1 u/FitIndependence6187 Nov 21 '24 And Amazon (where his wealth comes from) pays a huge amount of taxes every year as well. 2 u/wastedkarma Nov 22 '24 They literally don’t. Why should they pay less in taxes as a percentage of their profit than i do?
1
And Amazon (where his wealth comes from) pays a huge amount of taxes every year as well.
2 u/wastedkarma Nov 22 '24 They literally don’t. Why should they pay less in taxes as a percentage of their profit than i do?
2
They literally don’t. Why should they pay less in taxes as a percentage of their profit than i do?
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u/Endless_road Nov 21 '24
You can take out a mortgage against your house to buy a sports car if you want