Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

  • @hesusingthespiritbomb
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    34 months ago

    Okay but you can just apply the same logic to a HELOC. If you get a 30k HELOC for a bedroom renovation then it does not count towards capital gains tax.

    Even normal capital gains taxes have brackets.

    • partial_accumen
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      04 months ago

      Okay but you can just apply the same logic to a HELOC. If you get a 30k HELOC for a bedroom renovation then it does not count towards capital gains tax.

      Wouldn’t this be a double standard if we’re applying @[email protected] 's logic? The rich would get taxed on loaned money but the middle class wouldn’t?

      • @hesusingthespiritbomb
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        44 months ago

        That’s generally how progressive tax brackets work, yes. Technically speaking if I rich person wants to take out a 30k HELOC they’d also not get taxed on it.

      • @orrk
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        44 months ago

        that’s like the point of the entire system? I mean, I don’t want to go back to the 1800s corporate baronies that defined most industry at that point in time

      • @[email protected]
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        24 months ago

        This is how… EVERYTHING works… Income tax brackets, 401k limits. I thought this was pretty obvious, from each according their ability and all.

      • @[email protected]
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        24 months ago

        The rich would get taxed on loaned money but the middle class wouldn’t?

        Oh no… Anyway.