[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 156 KB, 1100x1204, Screen Shot 2021-02-07 at 1.05.03 AM.png [View same] [iqdb] [saucenao] [google]
27983845 No.27983845 [Reply] [Original]

> be you
> make $1m
> have to pay back $500k
Explain

>> No.27983932

Well, where does the government gets the money to give me gibbs? from your pocket to mine, thank youuuuu <3

>> No.27983963

that's regular income retard, cap gains aren't nearly as steep

>> No.27984010
File: 3 KB, 101x109, Unknown-3.jpg [View same] [iqdb] [saucenao] [google]
27984010

>>27983845
> have to pay back $500k
Just be thankful you're paying 500K today because next year it'll be 750K

>> No.27984083
File: 147 KB, 1864x486, Screen Shot 2021-02-07 at 1.11.22 AM.png [View same] [iqdb] [saucenao] [google]
27984083

>>27983963
Elaborate for a brainlet like me desu

>> No.27984098

>>27983845
two words: shell company

>> No.27984310

>>27983845
50% in tax if you take back your investment of you cash out before one year

>> No.27984464

>>27983845
> Be me
> Live in country with no capital gains tax
Life is good bros.

>> No.27984580

>>27984464
You either live in a war torn shithole or literal illiterate thirld world country then retard, not exactly something to be proud of

>> No.27984602

Some states also have no capital gains tax.

Use google you dumb nigger

>> No.27984679
File: 84 KB, 1338x320, Screen Shot 2021-02-07 at 1.24.57 AM.png [View same] [iqdb] [saucenao] [google]
27984679

>>27984602
Wtf, thanks anon. See you in Florida

>> No.27984877
File: 7 KB, 154x250, 9B534D0B-D225-4C21-AF6C-669394E54193.jpg [View same] [iqdb] [saucenao] [google]
27984877

>put your own money (which has already been jewed away by income taxes) on the line
>govkikes step in to steal your profits anyway

Surely if you’re investing in your own countries companies then those profits should be exempt? It would help stimulate the economy and encourage investing.

>> No.27985007

>>27984580
New Zealand.

>> No.27985110

How do I get gibs as a white man who lives with his gf

>> No.27985190

>>27983845
that's not what this says. you would have to pay around $330k total. state and local taxes will also cuck you depending on where you live though. yes it's fucked up

>> No.27985316

>>27984877
>your employer got taxed on capital
>your employer got "taxed" in a way of holding mandatory personnel to deal with retarded taxes all together
>your employer got taxed the second time when moving money as bank/transfer fees
>you got taxed on your wages
>you got taxed with bank/transfer fees when you do anything with money

>you make money
>you are taxed with commissions, interest rates etc
>you are probably taxed with bank/transfer fees to get it to your bank acct
>you are taxed by govt
>you are still taxed with bank fees as you use the money

>you lose money
>HAHAH GUD LUCK NEXT TIME FAGGIT

yeah, this system is for sure solid as fuck

>> No.27986160

>>27983845
You pay back ~320k brainlet.