just found out that california yoinked $3k from my account for taxes (why do I owe taxes in california?? i haven't lived there in many years... guess i'll figure it out tomorrow)
guess they don't have the resources to go after the billionaires
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Isn't that exactly what you'd expect to see from people whose "wealth" comes from shares they don't sell?
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not this extreme. this really comes from a combination of loopholes: - large ownership in stock they don’t sell - loans staked against their personal holdings for expenses - loss harvesting - corporate multinational tax structuring / avoidance none of these avail to reg ppl
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That's alot of taxes
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it’s small in relative terms. at this point given how rich the really rich are, and how many, you really could imagine a society where they pay more of a burden.
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