Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

  • @orrk@lemmy.world
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    12 months ago

    ok, so I understand that you don’t quite get the issue, also your bad at taxes.

    if I invest $50000 and make $100000 I don’t want to pay taxes on the $50000 I “made” (this normally would lead to the crime of not paying taxes) but if I use those $50000 as leverage on an extremely low interest loan for $50000 then I dodge having to pay anything in taxes while also, defacto, realizing my gains.

    what OP is advocating for is taxing those $50000 you put up as collateral, making these $50000 similar to the original $50000 you invested, now should you again make another $20000 from said capital, and pull out, you would still have to pay capital gains on those $20000, or do you think you have to pay capital gains on money you put in? (hence why you’re bad at taxes) because tax is only levied on the positive difference

    • @Professorozone@lemmy.world
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      12 months ago

      I love the way people on the internet have to insult to make a point.

      I’m just glad you’re not the one making the tax laws.

      • @orrk@lemmy.world
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        12 months ago

        I’m not insulting anyone, if you feel slighted about the fact that you didn’t understand OP, nor do you understand how taxes work, then I invite you to do some basic research about tax law in the US, because you don’t seem to know how taxes work

          • @orrk@lemmy.world
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            02 months ago

            you’re lacking English or economic comprehension skills are no reason to start creating straw men, you’re wasting all that bedding for the rest of your fellow sheep