It's not necessarily that they're declaring no income, it's that their income is... | Hacker News

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		pitaj on June 8, 2021 \| parent \| context \| favorite \| on: ProPublica's tax story It's not necessarily that they're declaring no income, it's that their income is entirely composed of long term capital gains which are taxed at a lower rate than standard income tax.

PaulDavisThe1st on June 9, 2021 [–]

That's not actually the point of the ProPubica piece. The central point there is the treatement of unrealized capital gains.

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