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16 results for “taxation”
The statement now is after you've made your income, it's now your private property. They can come and take it. And so that is a distinction that has never existed in The United States. And I will make the, retort right now to property tax because peo
38:07 / 39:15
from transcript38:07 – 39:15
...It means that for the first time, we're saying based on the demographics of a person, meaning whatever you wanna use to define that person, in this case, their wealth, you are going to be treated differently. And that is different than an income tax.
39:01 / 40:01
from transcript39:01 – 40:01
...taxation to consumption taxation and see if it actually does have an effect on economic growth and productivity. It has not been done in a hundred and fifty years. There's a lot of economic theorists on both sides of the equation saying this does wor
16:28 / 17:40
from transcript16:28 – 17:40
Property tax. Different cities and states have different property tax levels. People who own a home or a building will pay something on the order of 1% a year on the value of their home back to the state. Property taxes are very unpopular. Taxes in g
35:58 / 37:01
from transcript35:58 – 37:01
...of taxation are harder to collect if you don't have a good state capacity. This is Those are the only two things tariffs are This is a good point because I've you know, you see people like, oh, back in the old days, the golden age tariffs was, like,
34:19 / 35:31
from transcript34:19 – 35:31
for 2026 and beyond? Well, there's things like additional standard deductions when you're over age 65. You get additional deductions on top of the standard, which is really helpful for someone in retirement that is trying to pay less in tax, which me
18:46 / 19:47
from transcript18:46 – 19:47
...taxation works now, less and less of the way the wealthiest people accumulate their income is actually booked as income, right? And this is why you have these stories of multibillion dollar corporations or multibillion dollar individuals somehow payi
8:09 / 9:17
from transcript8:09 – 9:17
tax treatment, even though it's compensation for working, really. If I sell a stock and buy a different stock, I have to pay capital gains tax on the stock I sell. If Donald Trump sells a property and exchanges that property for another property, he
17:15 / 18:14
from transcript17:15 – 18:14
After you pay your taxes, the government comes and says, hey. How much money do you have in your bank account? What's the value of your car? What's the value of the thing that your grandma gave you? Give me the value of everything you have in your ho
1:14:09 / 1:15:28
from transcript1:14:09 – 1:15:28
the tax efficiency realm because I realized, okay, what are all the barriers to building wealth? What are all the hurdles? And it's the bad deeds, the death, disability, divorce, all of those. But then what are other things that hold us back as we're
3:42 / 4:49
from transcript3:42 – 4:49
and take a percentage of it every year, which is different than an income tax where every time you sell a stock or bond or your house or get a paycheck, you pay tax, which is totally reasonable because all of that is trackable and that's a transactio
1:16:18 / 1:17:30
from transcript1:16:18 – 1:17:30
passed a wealth tax. The wealth tax was supposed to raise a $146,000,000 of incremental revenue per year. Instead, what happened? $54,000,000,000 of net worth left the country and they actually had a $448,000,000 tax loss. The taxes declined rather t
1:00:45 / 1:01:45
from transcript1:00:45 – 1:01:45
work? I'm not sure that it is for very many peoples. One other thing. The biggest tax we have in The United States, the tax that collects more tax than the income tax, the payroll tax, you don't pay any payroll tax if your income is above a $150,000
20:54 / 22:11
from transcript20:54 – 22:11
the tax rate was very low. The maximum amount of taxes that any normal person would pay would be, like, 20% of your income. But for these new old industrialists above a certain income, Germany sets the marginal tax rate at 95%. Woah. So they basicall
43:28 / 44:30
from transcript43:28 – 44:30
But it it with so much of a focus on certain things, investors often will not take into account something like short lending or the fact that ETFs management fees are tax deductible instead of a separate account. All these little things, taxes, end u
38:59 / 40:10
from transcript38:59 – 40:10
...income taxation model. So, effectively, what the tariffs do is there's a tax for you buying certain things. So now instead of getting taxed when you earn money as an individual, you get taxed when you spend money. And some people think that that's bo
15:41 / 16:45
from transcript15:41 – 16:45
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