Your comment proves that you have no idea what you are talking about. Typically the ultra rich do not have income. They are paid in stocks and other things of the sort.
Their “income” comes from their stock portfolios and etc
When you receive a stock as a form of payment its value when received is filed at income on once taxes, as are any dividends unless they are commuting tax frauds or using loopholes. We should close any loopholes
Your comment proves that you have no idea what you are talking about. Typically the ultra rich do not have income. They are paid in stocks and other things of the sort.
Their “income” comes from their stock portfolios and etc
When you receive a stock as a form of payment its value when received is filed at income on once taxes, as are any dividends unless they are commuting tax frauds or using loopholes. We should close any loopholes
I realize this is just a meme and I’m taking this too seriously. Unfortunately, you seem to be taking it seriously as well.
On a more positive side, actual working leftist politicians are not suggesting this, at least once they get the responsibility of power.