Row 35263

Row ID: 35263 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 35263 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The problem is defining income.

The insanely rich tend to have most of their money in investments and do things to minimize their income on paper.

One such thing is they take a loan against valuable assets like stock. It lets them avoid having to sell the actual asset to have money, as well as avoiding paying taxes on selling the stock. It also lets them sell some of their stock to pay loans, with the loan being a negative income so they avoid paying taxes a second time.

The concern about staying with income taxes is we're just still playing the same game.

FieldValue
text The problem is defining income. The insanely rich tend to have most of their money in investments and do things to minimize their income on paper. One such thing is they take a loan against valuable assets like stock. It lets them avoid having to sell the actual asset to have money, as well as avoiding paying taxes on selling the stock. It also lets them sell some of their stock to pay loans, with the loan being a negative income so they avoid paying taxes a second time. The concern about s…
label r/politics
dataType comment
communityName r/politics
datetime 2024-05-21
username_encoded Z0FBQUFBQm5Lak1JbnJham9KR1NaUzhTb3RHT2JtNkE5STg2azdMODhjYkNIMnFvd1pTT3J4X25aMkNOTzJoNlF5Y1BZYmM2dW91Mk93cEVGSTN3MGdHeTNwenR2SVAzTVE9PQ==
url_encoded Z0FBQUFBQm5Lak9ZWkVhMnBOSW5qUjB4OW9jT09nNFZrOTB6eHdGV2R0ZFVzOEN3Z3FtWEM2Z0hBTlU4U05UbkJEc0t6YzA0ejVCc0RnaHVHcWVoYS02VHlDZGZNaW5hajZZc3N0UlNYaEV1Uk83OVRMcGY0V2E1QXNQVG8xdEFOYmc1VzU4d2JMVWJsc2xwWGs4ZkQ0RlhzUFpUN3Jrem80ak5acUxfZTRrdldZNS1rRUZyaUFCdVA3eXZVZjM0NmlXdUhmOHZlcURVeXFJSWhDRWsySGJ2b2lEOWczRDJNdz09

Raw Record

{
  "text": "The problem is defining income. \n\nThe insanely rich tend to have most of their money in investments and do things to minimize their income on paper. \n\nOne such thing is they take a loan against valuable assets like stock. It lets them avoid having to sell the actual asset to have money, as well as avoiding paying taxes on selling the stock. It also lets them sell some of their stock to pay loans, with the loan being a negative income so they avoid paying taxes a second time.\n\nThe concern about staying with income taxes is we're just still playing the same game.",
  "label": "r/politics",
  "dataType": "comment",
  "communityName": "r/politics",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1JbnJham9KR1NaUzhTb3RHT2JtNkE5STg2azdMODhjYkNIMnFvd1pTT3J4X25aMkNOTzJoNlF5Y1BZYmM2dW91Mk93cEVGSTN3MGdHeTNwenR2SVAzTVE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9ZWkVhMnBOSW5qUjB4OW9jT09nNFZrOTB6eHdGV2R0ZFVzOEN3Z3FtWEM2Z0hBTlU4U05UbkJEc0t6YzA0ejVCc0RnaHVHcWVoYS02VHlDZGZNaW5hajZZc3N0UlNYaEV1Uk83OVRMcGY0V2E1QXNQVG8xdEFOYmc1VzU4d2JMVWJsc2xwWGs4ZkQ0RlhzUFpUN3Jrem80ak5acUxfZTRrdldZNS1rRUZyaUFCdVA3eXZVZjM0NmlXdUhmOHZlcURVeXFJSWhDRWsySGJ2b2lEOWczRDJNdz09"
}

Entry Information