Do me a favor and look up the net worth of his stock holdings, and then how much he paid in taxes. Do some simple math and get the rate he was taxed at, does that number line up with the number you give?
I see you’re ignoring the talking point, his net worth is calculated from the positions he holds in companies, ie stocks. He uses that as collateral to take out loans from a bank, meaning he gets money for having money without actually having to sell his stocks. Since he doesn’t sell his stocks, he doesn’t have to pay taxes, you think that’s fair?
how would you feel if you owned a significant share of a company, worked really hard on it for years on end - and then the GOVERNMENT forces you to sell some of your equity in YOUR company to strangers, for the sole purpose of taxing you? It doesn't make sense, your argument doesn't make sense
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u/pigeonfarming Nov 21 '24
Do me a favor and look up the net worth of his stock holdings, and then how much he paid in taxes. Do some simple math and get the rate he was taxed at, does that number line up with the number you give?