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re: How much wealth do you need to join the 1% club in your country?

Posted on 2/29/24 at 11:38 am to
Posted by lsu777
Lake Charles
Member since Jan 2004
31803 posts
Posted on 2/29/24 at 11:38 am to
quote:

Also short term cap gains only applies to poorer people. Wealthy would hold



dumbass if he holds he hasnt made anything...its called UNREALIZED for a reason

so you want him to pay taxes on something he hasnt made a profit on yet? what happens if the stock tanks before he takes the profit....the government gonna give the money back?
Posted by fareplay
Member since Nov 2012
4978 posts
Posted on 2/29/24 at 11:39 am to
Concepts like unrealized is part of the issue. What is the right way? Don’t know. Does it feel weird that a man with 200 billion dollars pays less than 10% effective? Yeah
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