I agree. I could live with it if it were merely a way to defer taxes, but the U.S. has something called the stepped-up basis. This allows people to inherit stocks without paying tax on the capital gains. The wealthy can live their whole lives without paying any tax. Both stock buy-backs and the stepped-up basis severely undermine the stock market and tax system.
I agree. I could live with it if it were merely a way to defer taxes, but the U.S. has something called the stepped-up basis. This allows people to inherit stocks without paying tax on the capital gains. The wealthy can live their whole lives without paying any tax. Both stock buy-backs and the stepped-up basis severely undermine the stock market and tax system.
The real parasites in society.
Thank you. And amazing to see you have positive upvotes.
Whenever someone makes a comment like this on reddit, an army of accounts would appear to downvote and argue against it.
I’m convinced the narrative on reddit is highly controlled on these kind of topics.
Either that, or the retards of WSB were the culprits and they haven’t found their way to lemmy yet.
Now that I think of it, perhaps those same accounts were used to manipulate retail traders on WSB… hmmm…