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| Topic | 'Billionaires shouldn't exist', Bernie Sanders says as he introduces tax plan. |
| Tyranthraxus 09/24/19 5:02:18 PM #109: | AlephZero posted... This doesn't make sense tbqh. If I'm a billionaire I start an LLC and transfer ownership of all my assets to that LLC. Also I own 100% of the LLC and stipulate in my will that ownership of the LLC passes to my family if I die. The LLC graciously allows me to stay in the home it owns rent free and gives me free use of everything else it owns. Wealth tax dodged! I can't address every specific nitpicky thing here however, owning 100% of a business means it's not incorporated. As such, if you actually have an incorporated business that owns all your assets then any time you want to use your own savings account to buy something you have to fight with the board of directors over it. That includes transferrance of shares held on death of the owner. Valve is considered its own person and is taxed separately from what Gabe Newell is taxed. Also if you live in a house rent free the government actually considers that to equate to a monetary value and will tax you based on that. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv ... Copied to Clipboard! |
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