Replying to Avatar Ferret

I see on the news, or on that political ladies dress she wore few yrs ago to the NYC Met Gala… “tax the rich”. Surely the rich are paying tax tho right??? Or what’s that all about?
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Beiner 2y ago

The rich own all the stocks as well right so they take out loans on their 1.7 million stock portfolio and its a loan and the never have to pay taxes on loans

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Ferret 2y ago

Loans on stocks. Hmmm y’all def different down there. Didn’t kno this was thing

98
Beiner 2y ago

Yes yes. This why they love the stock market here getting loans on low low low interest rates at tax free