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Addressing at least some of your concerns - I found an intriguing article and I'll quote a bit of it showing how such estimates are used currently for calculating such things as depreciation, property taxes, etc. Things that are well-accepted...and could quite easily be applied to other types of wealth quite easily:
https://www.propublica.org/article/t...s-tax-isnt-new
"...
Today, businesses that buy equipment get to take a deduction intended to approximate the amount that it loses in value each year. This concept is called depreciation. In other words, you get a deduction based on an estimate, not when you sell something. You could call it an unrealized loss.
And then there’s the wealth tax on unrealized gains that millions of Americans already pay: property taxes, which every owner of a house or apartment is responsible for. Property taxes are a town or city’s estimate of the value of your home or land, almost always in a year you didn’t sell.
The proposal is not a wealth tax, but it has a similar goal of raising money only from the ultrawealthy. Its elegance is that it equates the gain in wealth with income. In theory, a wealth tax, which has its own complexities and constitutional questions, could be layered on top.
When people complain that the new billionaire tax is unconstitutional, they may be forgetting about all of these provisions that exist today that do similar things.
Another argument against such a tax is that it would be too hard to enforce because it’s difficult to value assets accurately. Stock markets reflect a clear value for publicly held companies, but the value of privately held companies, real estate holdings, art and other assets is harder to determine.
That may have been more true 40 years ago, but there are now entire industries dedicated to valuing private assets. Commercial real estate, for example, relies on the work of research and investment banking companies that analyze and value office buildings. And if banks are willing to lend to the ultrawealthy against their assets, presumably they are comfortable valuing them. If all these entities can do it, so can the IRS."
...
Eliminate them all.
Equipment depreciation. How do non-business taxpayers take advantage of this? We cannot.
Property tax. Debatable. At least with property tax, I can see an immediate return, such as police and fire dept services, and that the money will be used locally. I can also see paying a monthly fee, similar to water and sewer, to support police and fire dept services, instead of paying property tax. If I sell my house, any profit can be assessed as income. So the property tax can be debated either way.
But ultimately, we can eliminate them all. Keep the tax table simple.
Equipment depreciation. How do non-business taxpayers take advantage of this? We cannot.
Property tax. Debatable. At least with property tax, I can see an immediate return, such as police and fire dept services, and that the money will be used locally. I can also see paying a monthly fee, similar to water and sewer, to support police and fire dept services, instead of paying property tax. If I sell my house, any profit can be assessed as income. So the property tax can be debated either way.
But ultimately, we can eliminate them all. Keep the tax table simple.
Yeah...you're not getting it - you're tooooooooooooooo literal. These are CONCEPTS that can be applied. Think smarter!!!!!!!!!!!!!
I'm not trans though, so if you're transphobic, it wouldn't be me you'd be afraid of
Irrelevant.
You side with the party that lends credence to and tries to normalize a mental illness to the point where mimicking and promoting it is turning into a social fad.
That makes your judgement and opinions on other subjects political equally worthy of ridicule, as they're equally insane.
first it's the fabrication that only 30% of charitable dollars go to programs.
now a "vast amount of people" only earn minimum wage for FT work. That "vast amount" is about 1%, BTW.
The misrepresentation you're correcting happens because lefties emote like toddlers rather than think logically and critically like fully developed adults, as pointed out in another thread.
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Originally Posted by FatBob96
Irrelevant.
You side with the party that lends credence to and tries to normalize a mental illness to the point where mimicking and promoting it is turning into a social fad.
That makes your judgement and opinions on other subjects political equally worthy of ridicule, as they're equally insane.
Trans people aren't mentally ill though, unless you're a practicing psychiatrist, you can't credibly disagree with them
Trans people aren't mentally ill though, unless you're a practicing psychiatrist, you can't credibly disagree with them
It was considered a mental illness until "social norms" pressured the medical community to change their stance on it, lest be cancelled by the LGBTQ alphabet mob...(not to mention keeping that research funding rolling in)
Rich people think any amount of taxes are unreasonable, because they think they earned all their money in a vacuum, and that anything that is taxed will go to "those awful poors who don't deserve one crumb of it"
Rich people - and anyone else who has worked to achieve success - realize that the government is a collective moron when it comes to money. Nobody should be willing to hand over hard-earned gains to a bunch of nitwits who are going to spend the money recklessly and not accomplish anything which actually improves the life of the average citizen.
Bezos, Musk, et al are much better guardians of their accumulated wealth than the government could ever be. They are actually using their wealth to employ people, thereby improving the lot of far more citizens than even an altruistic government could ever hope to - and our government is far from altruistic.
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