LogFAQs > #947774358

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TopicYR: Biden announces a 100% net worth tax on net worth over $133 billion
Tyranthraxus
11/30/20 4:40:27 PM
#25:


Theon_Greyjoy posted...
I would say you don't pay any taxes on your debt, in the same way that you don't pay income taxes on deductions.

Why not taxes on debt?

https://en.wikipedia.org/wiki/Negative_income_tax

What's wrong with lowering my debt at the same time as I lower my net worth?

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