MSNBC The Last Word With Lawrence ODonnell March 29, 2022 02:48:00
Ordinary tax system. for most of, us $1 we earn is $1 that we put on our tax returns. but for the ultra wealthy, with they earn an extra dollar, it's $1 that they're able to defer taxation on. it is set aside, often for decades or generations and avoid taxation. so with this really does just accelerate those taxes so that they're paid evenly as they are earned, which is exactly what happens to the rest of us. >> so this tax gains for example, gains earned in the stock market, we see reports all the time that people like elon musk, his wealth just increased by a few billion dollars here. a few ...
Source: archive.org
