Imagine defending the guy leveraging his billions in dollars of company ownership to get loans, which conveniently doesn’t count as income for taxation purposes, because he “only earned a dollar” and acting like that was a smart response. He’s using loopholes designed to make you pay more than your share for things he’s the one taking the most advantage of. How’s that boot taste?
First off, We tax way more than just income. And that is in fact a loophole if you are able to use the money from a stock as if you had sold it without technically selling it.
Imagine defending the guy leveraging his billions in dollars of company ownership to get loans, which conveniently doesn’t count as income for taxation purposes, because he “only earned a dollar” and acting like that was a smart response. He’s using loopholes designed to make you pay more than your share for things he’s the one taking the most advantage of. How’s that boot taste?
He’s not using loopholes. We tax income. It’s the way it works and Bernie isn’t smart enough to understand that.
First off, We tax way more than just income. And that is in fact a loophole if you are able to use the money from a stock as if you had sold it without technically selling it.