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Does the income they earned include being paid with stocks and shares? Cause that's a loophole. Though theres not a good solution to cover that loophole.
I consider stocks and shares as a form of income.
Legal settlements, Insurance settlements, and a few other things are sources of incoming cash flow that are currently not taxed; which I agree with.
If someone is running a business then they get taxed on "net income" after expenses - and not gross income.
Is it normal to want a flat rate tax?
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Does the income they earned include being paid with stocks and shares? Cause that's a loophole. Though theres not a good solution to cover that loophole.
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olderdude-xx
1 year ago
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I consider stocks and shares as a form of income.
Legal settlements, Insurance settlements, and a few other things are sources of incoming cash flow that are currently not taxed; which I agree with.
If someone is running a business then they get taxed on "net income" after expenses - and not gross income.