He has a tough position but is it 637 times more valuable than the average worker?
The money he gets paid for his “tough position” is his salary. The rest of the reported family income is independent of the salary earned as the President.
You’re being an ass. Income is not income. In fact, the sale of bonds and stocks is definitely not income, it’s the sale of an asset.
So, if I bought a car in 2020, and sold it in 2025, is that now purely income for me in 2025?
If you want to be finicky and count the sale of assets as income, you must subtract the original purchase price of that asset, and then the profit (or losses) from the sale can be regarded as income (or losses).
So stop being an ass. Everyone knows the sale of an asset is not income.
Cars are liabilities, not investments. Selling assets/investments makes capital income, yes, only from the profit. But you’re digressing.
I wonder why in a leftist discussion pointing out this flaw of income inequality is suddenly a source of anger. We know this shit. We’re trying to progress on income ratio limits, progressive capital taxes etc etc. If that’s ass it makes ass out of both of us.
I wasn’t comparing salary, income is income
The money he gets paid for his “tough position” is his salary. The rest of the reported family income is independent of the salary earned as the President.
Alright, so a successful actor should not own any significant amount of investments, got it.
I don’t get what you are getting
No, you get it, you’re just being a troll
Maybe it would be better to communicate your unique style of thinking better instead of throwing around troll cards
Your criticism is stupid.
It’s not and your reaction is out of place
You are comparing family income though, which probably also includes his wife’s.
That does need a correction, true
You’re being an ass. Income is not income. In fact, the sale of bonds and stocks is definitely not income, it’s the sale of an asset.
So, if I bought a car in 2020, and sold it in 2025, is that now purely income for me in 2025?
If you want to be finicky and count the sale of assets as income, you must subtract the original purchase price of that asset, and then the profit (or losses) from the sale can be regarded as income (or losses).
So stop being an ass. Everyone knows the sale of an asset is not income.
Cars are liabilities, not investments. Selling assets/investments makes capital income, yes, only from the profit. But you’re digressing.
I wonder why in a leftist discussion pointing out this flaw of income inequality is suddenly a source of anger. We know this shit. We’re trying to progress on income ratio limits, progressive capital taxes etc etc. If that’s ass it makes ass out of both of us.