KoastPhire t1_j2co4ue wrote
Reply to comment by ChickenEnthusiast in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
No we want the mass populace to be richer and billionaires to pay their fair share of taxes.
valeyard89 t1_j2fuyw7 wrote
Taxes are only calculated when you sell the stock (realized gains). You don't get taxed on your net worth. So Melon Usk could have 200 billion in net worth but only sell 1 billion of stock... the taxes would be on the 1 billion.
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