There needs to be a liquid net worth and asset accumulation component to this. Walk with me here…
I’m the early 200’s, a lot of workers were offered stock as compensation for companies like Google, Amazon, eBay…etc. They were paid little, and would get nothing on the backend of the company wasn’t successful.
Post-success, these companies kept these people on board to reap some profits, sure, but it was all on paper, and if it hadn’t worked out, they’d be left with nothing.
If somebody who came out of that mess with liquid cash in the millions or billions, AND was enjoying the ability to lock up that money in the market without any gains taxes…they should absolutely be able to pay the same rate as anyone else making a miniscule amount of money, but paying 24% of their earned money on taxes.
It’s fair, and it even helps to normalize the market to stop stocks from getting so out of control that they are unaffordable for the common investors with little means.
None of that applies to this discussion. We are talking about people making over 100m.
As soon as you liquidize your assets you’ll eat a Capitol gains tax in your situation.
This tax is on people who have paper worth more than 100M that skip all that and just move their paper around to avoid taxes…like to heirs and other corporations.
This is specifically about people who “escrow” wealth in the market. It’s not the same as liquidity, or realized gains.
You are talking about people “making over $100m”, and that’s not what this is about at all. It’s about the ultra-wealthy being comfortable to the point they are fine staging money in markets to be realized later, and escaping the taxes on that wealth come a different administration who is more favored in this type of tax.
There needs to be a liquid net worth and asset accumulation component to this. Walk with me here…
I’m the early 200’s, a lot of workers were offered stock as compensation for companies like Google, Amazon, eBay…etc. They were paid little, and would get nothing on the backend of the company wasn’t successful.
Post-success, these companies kept these people on board to reap some profits, sure, but it was all on paper, and if it hadn’t worked out, they’d be left with nothing.
If somebody who came out of that mess with liquid cash in the millions or billions, AND was enjoying the ability to lock up that money in the market without any gains taxes…they should absolutely be able to pay the same rate as anyone else making a miniscule amount of money, but paying 24% of their earned money on taxes.
It’s fair, and it even helps to normalize the market to stop stocks from getting so out of control that they are unaffordable for the common investors with little means.
None of that applies to this discussion. We are talking about people making over 100m.
As soon as you liquidize your assets you’ll eat a Capitol gains tax in your situation.
This tax is on people who have paper worth more than 100M that skip all that and just move their paper around to avoid taxes…like to heirs and other corporations.
That’s a different tax. Read the article.
This is specifically about people who “escrow” wealth in the market. It’s not the same as liquidity, or realized gains.
You are talking about people “making over $100m”, and that’s not what this is about at all. It’s about the ultra-wealthy being comfortable to the point they are fine staging money in markets to be realized later, and escaping the taxes on that wealth come a different administration who is more favored in this type of tax.