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Topic	Should Congress cut taxes for the rich?
BlAcK TuRtLe 09/27/21 3:31:30 PM #7:	Team Rocket Elite posted... That could be accurate. That's roughly 10 billion USD which is about 5% of Elon Musk or Bezos's net worth. The point I'm making is that their "net worth" is a completely meaningless number, since it is based on the current market value of all of their holdings and is not a real number until they liquidate, which is also when capital gains taxes come into effect. If something happened and Teslas just started randomly exploding and killing people, Elon Musk's "net worth" would instantly change to a fraction of it's current value overnight --- Props to azuarc, the current Guru of the Decade. Wear this title with pride! <cite>BlAcK TuRtLe posted [p:958469575] in Should Con... [t:79681658]...</cite> <quote>Team Rocket Elite posted... </cite> <quote>That could be accurate. That's roughly 10 billion USD which is about 5% of Elon Musk or Bezos's net worth.</quote>The point I'm making is that their "net worth" is a completely meaningless number, since it is based on the current market value of all of their holdings and is not a real number until they liquidate, which is also when capital gains taxes come into effect. If something happened and Teslas just started randomly exploding and killing people, Elon Musk's "net worth" would instantly change to a fraction of it's current value overnight --- Props to azuarc, the current Guru of the Decade. Wear this title with pride!</quote> ... Copied to Clipboard!
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