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re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains
Posted on 4/25/24 at 11:09 am to fallguy_1978
Posted on 4/25/24 at 11:09 am to fallguy_1978
quote:
Imagine someone like Elon when TSLA had a massive run. He'd have to tank his own stock to pay taxes.
Considering Elon has not taken a salary since like 2018, he basically has zero taxable income. He would not meet the minimum income to be subject to these taxes as proposed.
1
Posted on 4/25/24 at 11:45 am to UltimaParadox
quote:
Considering Elon has not taken a salary since like 2018, he basically has zero taxable income. He would not meet the minimum income to be subject to these taxes as proposed.
Elon has been getting restricted stock and exercising nonqualified stock options, all of which hit taxable income.
He may not be paid a "cash salary" but he very much has income.
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