Your comment proves that you have no idea what you are talking about. Typically the ultra rich do not have income. They are paid in stocks and other things of the sort.
Their “income” comes from their stock portfolios and etc
When you receive a stock as a form of payment its value when received is filed at income on once taxes, as are any dividends unless they are commuting tax frauds or using loopholes. We should close any loopholes
Your comment proves that you have no idea what you are talking about. Typically the ultra rich do not have income. They are paid in stocks and other things of the sort.
Their “income” comes from their stock portfolios and etc
When you receive a stock as a form of payment its value when received is filed at income on once taxes, as are any dividends unless they are commuting tax frauds or using loopholes. We should close any loopholes