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It’d be like if you realized your collection of say pokemon cards was actually crazy valuable, your “on paper” worth has increased, but you don’t actually have any more money. The same is also true for someone like a private land-lord whose homes/buildings have accrued in value – though they do pay property taxes. This in my opinion would be how a “billionaire tax” would work, some kind of asset based tax similar to property taxes. In Elon’s case he is likely using stock as collateral on a loan, so he’s still not technically selling it, more just pawning it. If you aren’t a fan of him though you should know that Tesla stock has taken a massive nose dive from this move. It’ll be interesting to see what his plans are for twitter, because by most opinions it’s a bad move. The only thing I can think of is applying deep data mining to twitter, but as they say “Garbage in, Garbage out”. Real answer for people who care. In the Bell boeing v22 osprey helicopter us flag trending shirt moreover I love this US and pretty much anywhere else, you get taxed on realized gains (and get a break for realized losses). You realize them when you convert an asset like stock to another stock or cash. So if you own 1,000,000 shares of Tesla and they went up 10x, you aren’t technically richer because you haven’t sold them. Since the price changes every second, it would not make sense to tax what you own but rather what you make.
Bell boeing v22 osprey helicopter us flag trending shirt, hoodie, tank top, sweater and long sleeve t-shirt
In theory, when Musk needs cash to buy anything, he needs to sell Tesla shares for cash, then use cash to buy what he needs. That’s how it works for most small and medium sized investors. Upon selling the Bell boeing v22 osprey helicopter us flag trending shirt moreover I love this stock. He would be taxed on the profit he made from these shares. In practice, Musk takes loans secured by his assets. So he pays a very small interest rate and puts up shares as a collateral. Because he has not sold shares, he has not realized gains. Since his shares keep going up, he wants to keep as many as possible without giving 25% to the federal government. It’s a tax deferment strategy used by the ultra wealthy. Think of it like a home equity loan but the shares secure the loan. This is why there are pushes for billionaire taxes. Not to punish them for being rich; to level the playing field. If you want to use your shares to buy something, sell them and pay taxes like the rest of us. Because closing loopholes is a car and mouse game, it’s easier to do a flat 1% wealth tax and let them structure their finances however they want. This isn’t a crazy idea either. Property taxes are a percentage of the asset value before a realized gains can be had. Because it’s based on the assessed value and not things like square footage, it’s a wealth tax for the normal people. Because unrealized gains aren’t taxable, and also they can’t be used to buy stuff. BUT, you can use unrealized gains to collateralize a loan. Coincidentally money from a loan is also NOT taxable as it’s not considered “income” under US tax law
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| Size | Length | Chest |
|---|---|---|
| S | 28in | 18in |
| M | 29in | 20in |
| L | 30in | 22in |
| XL | 31in | 24in |
| 2XL | 32in | 26in |
| 3XL | 33in | 28in |
| 4XL | 34in | 30in |
| 5XL | 35in | 32in |
| Size | Length | Chest |
|---|---|---|
| S | 25in | 16in |
| M | 26in | 17in |
| L | 26.5in | 18in |
| XL | 27in | 19.7in |
| 2XL | 27.9in | 21.6in |
| 3XL | 28.5in | 22.7in |
| Size | Length | Chest |
|---|---|---|
| S | 28in | 18in |
| M | 29in | 20in |
| L | 30in | 22in |
| XL | 31in | 24in |
| 2XL | 32in | 26in |
| 3XL | 33in | 28in |
| Size | Length | Chest | Sleeve |
|---|---|---|---|
| S | 26in | 20in | 33.5in |
| M | 27in | 22in | 34.5in |
| L | 28in | 24in | 35.5in |
| XL | 29in | 26in | 36.5in |
| 2XL | 30in | 28in | 37.5in |
| 3XL | 31in | 30in | 38.5in |
| 4XL | 32in | 32in | 38.5in |
| 3XL | 34in | 33in | 38.5in |
| Size | Length | Chest |
|---|---|---|
| S | 27in | 18in |
| M | 28in | 20in |
| L | 29in | 22in |
| XL | 30in | 24in |
| 2XL | 31in | 26in |
| Size | Length | Chest | Sleeve |
|---|---|---|---|
| S | 28in | 18in | 33.5in |
| M | 29in | 20in | 35in |
| L | 30in | 23in | 36.5in |
| XL | 31in | 24in | 38in |
| 2XL | 32in | 26in | 39.5in |
| 3XL | 33in | 28in | 39.5in |
| Size | Length | Chest | Sleeve |
|---|---|---|---|
| S | 27in | 20in | 34.5in |
| M | 28in | 22in | 35.5in |
| L | 29in | 24in | 36.5in |
| XL | 30in | 26in | 37.5in |
| 2XL | 31in | 28in | 38.5in |
| 3XL | 32in | 30in | 39in |
| 4XL | 33in | 32in | 39.5in |
| 5XL | 34in | 34in | 40in |
| Size | Youth Size | Length | Chest |
|---|---|---|---|
| S | 6-8 | 20.5in | 16in |
| M | 10-12 | 22in | 17in |
| L | 14-16 | 23.5in | 18in |
| XL | 18-20 | 25in | 19in |
| Size | Youth Size | Length | Chest |
|---|---|---|---|
| S | 6-8 | 21in | 17in |
| M | 10-12 | 22.5in | 18in |
| L | 14-16 | 24in | 19in |
| XL | 18-20 | 25.5in | 20in |
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