Harris-Walz should expand their messaging on 'the rich pay their fair share': the 1% practice buy-borrow-die (tax loophole) - Elon Musk borrowed against his Tesla shares to buy Twitter. We should tax large $ asset-backed loan proceeds (possibly at earned-income rates). Effectively that approach carves-out which unrealized gains are fair game to tax.
Harris-Walz should expand their messaging on 'the rich pay their fair share': the 1% practice buy-borrow-die (tax loophole) - Elon Musk borrowed against his Tesla shares to buy Twitter. We should tax large $ asset-backed loan proceeds (possibly at earned-income rates). Effectively that approach carves-out which unrealized gains are fair game to tax.
Harris-Walz should expand their messaging on 'the rich pay their fair share': the 1% practice buy-borrow-die (tax loophole) - Elon Musk borrowed against his Tesla shares to buy Twitter. We should tax large $ asset-backed loan proceeds (possibly at earned-income rates). Effectively that approach carves-out which unrealized gains are fair game to tax.
Oohhhh, great idea!