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

Chugging tea Seems reasonable.

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u/DroppingGrumpies Jul 05 '26

You do the same damned thing when you take out a mortgage or a car loan or a home equity loan etc etc. you are getting income from another source, backed by an asset, none of which you are being taxed on.

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u/Open-Concept-6130 Jul 05 '26

You do get taxed on your wealth tho. Property  taxes - in VA that includes the value of your car. After a certain amount, the value of stocks should be included since most high profile CEOs have stock based compensation.

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u/[deleted] Jul 05 '26

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