testeronious@lemmy.world to Uplifting News@lemmy.worldEnglish · 7 months agoMark Cuban is ‘proud to pay’ $275.9 million in taxeswww.cnbc.comexternal-linkmessage-square113fedilinkarrow-up1616arrow-down148
arrow-up1568arrow-down1external-linkMark Cuban is ‘proud to pay’ $275.9 million in taxeswww.cnbc.comtesteronious@lemmy.world to Uplifting News@lemmy.worldEnglish · 7 months agomessage-square113fedilink
minus-squareCryophilia@lemmy.worldlinkfedilinkEnglisharrow-up6·7 months ago Just tax collateralized loans as realized gains and be done with it. This means loan interest rates and fees will shoot up, which will hurt more than just the mega rich. Maybe any loan secured with over $x in collateral triggers taxes? Or carve out mortgages and auto loans?
minus-squareisles@lemmy.worldlinkfedilinkEnglisharrow-up3·7 months agoWell, carve out 1 mortgage perhaps. We have too many safe-havens in real estate.
This means loan interest rates and fees will shoot up, which will hurt more than just the mega rich.
Maybe any loan secured with over $x in collateral triggers taxes? Or carve out mortgages and auto loans?
Well, carve out 1 mortgage perhaps. We have too many safe-havens in real estate.
Good point.