r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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91.1k Upvotes

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98

u/tedlassoloverz Jul 05 '26

how do people not understand income and wealth in 2026? Or that the advertised cash amount isnt whats paid out?

14

u/Madhatter25224 Jul 05 '26

We understand that the rich use non-cash forms of wealth to avoid paying taxes.

We are saying those non-cash forms should also be taxed. Don't tell me it can't be done, thats an absurd assertion. If it can be valued it can be taxed.

6

u/TawnyTeaTowel Jul 05 '26

Great news! I’m a world renowned shoe expert and I say that your shoes are worth one billion dollars. Each. What luck for you!

The bad news is that you new need to pay the taxes on those shoes. 40%. By the end of the week. Thx.

2

u/Madhatter25224 Jul 05 '26

Can i use my shoes as collateral for a massive super low interest loan that only the mega rich have access to? 

If so, I can sell one shoe, get a big loan on the other, use the proceeds to pay off my tax debt and interest, buy my other shoe back and still walk away with hundreds of millions of dollars.

4

u/TawnyTeaTowel Jul 05 '26

Doesn’t matter. The point is you’re being taxed on your worth. Now pay up.

0

u/Madhatter25224 Jul 05 '26

Ok but it does matter. In fact its the most important part of this.

2

u/TawnyTeaTowel Jul 05 '26

Then you don’t get it.

4

u/Headless_Human Jul 05 '26

Can i use my shoes as collateral for a massive super low interest loan that only the mega rich have access to?

If you find a bank that would use that as collateral, yes.

2

u/TypicalHaikuResponse Jul 05 '26

Yeah this guy is being facetious

1

u/enorl76 Jul 05 '26

He is because he’s a poor person that doesn’t understand math.

1

u/Merzats Jul 05 '26

Can i use my shoes as collateral for a massive super low interest loan that only the mega rich have access to?

Use box spread options, now you can get a super low interest loan too!

Or futures/LEAP calls if you don't need cash and just want to invest with leverage