#profitlosstaxation — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #profitlosstaxation, aggregated by home.social.
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A few words of warning from #Australia about the #CapitalGainsTax that #Biden is proposing.
It may be okay in itself, but no matter how the #tax is applied, if you give them a chance to offset their gains with loses, you still end up with the biggest, most #wellConnected #kleptocrats finding mates to lose money too, to circumvent paying tax.
It really does become a game, a racket, to these players.
A #ProgressiveLandTax on #RentalValue is fairest.