Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
How about a wealth tax on this imaginary money?
What amount will be taxed? The assets change value every second the market is open. If you have a hard capture date, then the wealthy will tank their stocks right before.
The best way to tax it is to treat the use of the asset as collateral as a realized gain and tax it as such.