LogFAQs > #927886946

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Topic	'Billionaires shouldn't exist', Bernie Sanders says as he introduces tax plan.
AlephZero 09/24/19 4:13:31 PM #102:	Tyranthraxus posted... AlephZero posted... No, wealth taxes are taxes on the sum total of a person's wealth. Property, shares in public and private companies, art, everything. Incorrect. Wealth tax is for personal assets. Valve is an LLC, so the value of Valve would not be taxed with a wealth tax. Gabe's 50% ownership in the LLC Valve is a personal asset he owns that has value and would be taxed. --- "life is overrated" - Seiichi Omori 01001100 01010101 01000101 00100000 00110100 00110000 00110010 <cite>AlephZero posted [p:927886946] in 'Billionai... [t:78038212]...</cite> <quote>Tyranthraxus posted...</cite> <quote>AlephZero posted... </cite> <quote>No, wealth taxes are taxes on the sum total of a person's wealth. Property, shares in public and private companies, art, everything.</quote> Incorrect. Wealth tax is for personal assets. Valve is an LLC, so the value of Valve would not be taxed with a wealth tax. </quote> Gabe's 50% ownership in the LLC Valve is a personal asset he owns that has value and would be taxed. --- "life is overrated" - Seiichi Omori 01001100 01010101 01000101 00100000 00110100 00110000 00110010</quote> ... Copied to Clipboard!
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