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Why is it so hard to tax billionaires? (Part 1)
PJ Vogt
So in the 1980s, rich Americans are making more of their money, not through their salaries, but through stock options, which has a weird side effect on taxation. Normal salaries, like paychecks, we know are taxed as income. But if you own a stock and it goes up in value, that is not taxed unless you sell it.
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