Polling has shown he’s taking votes from Biden mostly.

If Kennedy was a decent man, he’d pull out.

This is a close race and I think he’s pulling from Biden. I’ve heard he pulls from Trump but I don’t want to believe that.

Trump has a good chance of winning. Biden isn’t doing well in polls and Kennedy is stealing votes from Biden.

That’s my point. They were worth 20 million. Due to legal restrictions I couldn’t sell. As such I would have to pay taxes on 20 million. When I could sell they were worth zero.

So I would have ended up negative.

It’s however the law wants to define it. All the bills I’ve seen pushed are a flat rate with no deductions.

Have you seen anyone propose a flax tax with deductions? I have not.

https://www.investopedia.com/terms/f/flattax.asp#:~:text=Key Takeaways 1 A flat tax applies the,sales tax are a type of flat tax.

Employing a flat tax means that taxpayers cannot take deductions or exemptions.

Well if I had to pay unrealized gains I’d have zero but have to pay taxes on 20 million.

It’s why we don’t do it. It would be overly complicated.

Taxes are not supposed to be painful. They are supposed to be fair and fund the government. Painful taxes just causes avoidance.

Flat means no deductions and an equal pay. It can still be done against brackets and be a flat tax.

No brackets work with credits and deductions. Someone with 100k in income could pay zero in taxes. A flat tax makes them pay taxes by removing deductions.

Personally I’d rather see a consumption tax but that freaks most people out.

I can’t support that. I myself once had 20 million in stock options but couldn’t sell it. By the time I could sell it, it was worth zero. Yet you in your system I would have paid taxes on it. Stock fluctuates in value to much. We just need way to force them sell the stock and then tax the stock as ordinary income.

A 30% flax tax is higher than the mythical 90%.

The 90% range had so many deductions only 1 person hit it and even then it’s only on the income that exceeds that limit.

A 30% flat tax with no deductions is much more brutal to income but it’s fair.

Latino doesn’t mean Spanish speaking. That’s Hispanic.

While Spanish is the largest language. It’s not the only language.

Have a flat tax based on brackets.

5% for x income 10% for x income Top out at 30-40%

Problem solved

No it’s not. They are not buying an asset with. It’s sometimes back with with an asset as collateral but it’s not tied to an asset. The loan isn’t taken out to buy a home. It’s taken out as living expenses.

It’s why a consumption tax would fuck the rich.

No.

That rich get loans that basically last their lifetime. They are income replacement. They are not tied to home, a car, etc.

They are just avoiding taxes.

I don’t blame them. It’s smart.

It’s why politicians need to eliminate it.

Exclude students loans and anything tied to an asset. These are unique loans only offered to the super wealthy or since there are equity based loans, just tax equity based loans

Capital gains is much lower and doesn’t pay into SS, Medicare, etc.

This is easy to solve. Count the loans as ordinary income. Problem solved.

It’s her story. So who knows if it’s true? I’ve had to put animals down. Most of us have. It’s not something you turn into a story to tell people. It’s a painful experience for most people.

The way she’s telling it. It makes me think less of her.

Shit. It may have been but you don’t talk about it. Much less brag about it. That’s a weird story to tell to get people to like you.

I work in medium tech. Since they have to compete for talent. We get the high pay and work life flexibility. It’s much better than large tech. I would never go work for a Microsoft , Amazon or Google. Not worth it.