Comments by "" (@badluck5647) on "Leaving unrealized capital gains out of the tax system will create inequity: Yale's Natasha Sarin" video.

@jesse_- You will never make enough stocks to be taxed at any rate. She is talking about Bezos, Musks, and Bloomberg, who paid zero in federal income taxes because instead of selling their stock, they get their income through bank loans with their stock as collateral. They basically use tax loopholes to get income from selling their stocks without paying capital gains while reporting it as debt.
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When billionares pay 0% effective tax rate, what more can we cut?
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@xcqematic1 Elon Musk, Jeff Bezos, and Michael Bloomberg on federal income taxes in 2021.
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@alankwellsmsmba A) She isn't a lawmaker B) She isn't talking about increasing taxes on you or anyone. She is asking lawmakers to address the tax loopholes that are available to the richest people in the country, but not for the rest of us.
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If you pay taxes on your income and Bezos and Musk pay 0% effective tax rate, you are subsidizing them.
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Why should billionaires pay 0% effective tax rate?
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They never pay taxes on it. They use unrealized gains as collateral to get a bank loan for their income. Since their income is technically debt, they actually get a rebate from the government thanks to generous write offs.
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@CaliSteve169 Musk, Bezos, and Bloombergs tax returns were leaked. They used tax gimmicks like using their stock as collateral to get low interest loans that like operates like income. However, since the stock isn't sold, there isn't any relealized gains to pay taxes on and the "loan" that operates as income is treated as a tax deduction because it is legally debt.
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A plumber should pay 10% of his income to federal taxes, and billionares like Bezos & Musk should pay 0% because they are "smart"? Basically, poor people should pay a greater percentage of taxes than rich people in your mind.
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Why do I pay 9% of my income to taxes when Bezos and Musk pay near 0%?
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