Seriously though, I'd love to hear the justification for comparing someone with a huge asset pool to someone with none, regardless of their taxable income
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Replying to @DifficultNerd @vinnyb66 and
That's an interesting shifting of the goalposts. We were talking about someone with ~$500,000 in liquid assets earning dividend income compared to a minimum-wage worker, not a homeowner per se
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Replying to @DifficultNerd @vinnyb66 and
Yes but that's not what we were comparing. Your comparison was with a minimum wage earner, not a property investor earning $37,000 a year in rental income - in this current environment, probably around 1 mil invested - and those people should obviously pay tax similarly
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Replying to @DifficultNerd @vinnyb66 and
Not at all. I'm saying that your net income should be taxed the same, regardless of how you earn it. You are the one arguing that special preference should be given to profits earned by a company you invested in rather than some other income stream
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Replying to @DifficultNerd
The issue of course being that you are equating personal net income with total dividend income. The point being that your should pay tax, not on an imputation from the company's earnings/tax, but on your own income
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Whereas you are merely crying foul for those with hundreds of thousands/millions in savings. My heart weeps for investors who manage to earn minimum wage from shares alone
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