If you got 500$ - 100$ in tax for the card and it drops back to 50$, you can just buy it back with 400$ you still have left…
And a wealth tax and inheritance tax usually have a cut before you even have to pay any tax. Got granny’s house worth 500k? No problem. Get a building complex worth millions? Pay your damn taxes. I’m sure the state will accept a payout over time if you can’t afford to pay it at once.
If you got 500$ - 100$ in tax for the card and it drops back to 50$, you can just buy it back with 400$ you still have left…
They’re talking about a wealth tax where you have to pay $100 even though you never sold the card. (But it’s double bullshit because something as small as $500 is never going to face a wealth tax, and $100 (20%) is a way higher tax rate than anybody would pay.
Ah, good point. So, you’re right. It goes from a sad scenario where you have to sell your $500 card to pay an absurd $100 wealth tax, to a happy one where you end up with $350 plus your favourite card just one month later.
If you got 500$ - 100$ in tax for the card and it drops back to 50$, you can just buy it back with 400$ you still have left…
And a wealth tax and inheritance tax usually have a cut before you even have to pay any tax. Got granny’s house worth 500k? No problem. Get a building complex worth millions? Pay your damn taxes. I’m sure the state will accept a payout over time if you can’t afford to pay it at once.
They’re talking about a wealth tax where you have to pay $100 even though you never sold the card. (But it’s double bullshit because something as small as $500 is never going to face a wealth tax, and $100 (20%) is a way higher tax rate than anybody would pay.
They said they were forced to sell the card due taxes
Ah, good point. So, you’re right. It goes from a sad scenario where you have to sell your $500 card to pay an absurd $100 wealth tax, to a happy one where you end up with $350 plus your favourite card just one month later.