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Brown Cafe UPS Forum
Life After Brown
Pay those taxes boys and girls.
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<blockquote data-quote="zubenelgenubi" data-source="post: 4889955" data-attributes="member: 63706"><p>Exactly, are these percentages based on their "wealth growth" or actual income?</p><p></p><p>Most of these people's net worth is tied up in stock. Does anyone here pay taxes when the stock they own goes up in price? Nope. If billionaires had to do that, they would have to sell shares to pay taxes, which could decrease the stock prices, and people would complain about that. Of course it could lead to a predictable annual dip in the markets, which hedge fund managers could take advantage of...</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 4889955, member: 63706"] Exactly, are these percentages based on their "wealth growth" or actual income? Most of these people's net worth is tied up in stock. Does anyone here pay taxes when the stock they own goes up in price? Nope. If billionaires had to do that, they would have to sell shares to pay taxes, which could decrease the stock prices, and people would complain about that. Of course it could lead to a predictable annual dip in the markets, which hedge fund managers could take advantage of... [/QUOTE]
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Pay those taxes boys and girls.
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