# Tax the Richest... Loans

**URL:** <https://boards.straightdope.com/t/tax-the-richest-loans/955037>\
**Category:** Politics & Elections\
**Created:** [November 27, 2021, 9:36pm UTC](https://boards.straightdope.com/t/tax-the-richest-loans/955037 "2021-11-27T21:36:07Z")\
**Posts on this page:** 1\
**Showing post:** 6

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**Author:** ![TheGunIsMightierThanThePen](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thegunismightierthanthepen/32/2981_2.png) [@TheGunIsMightierThanThePen](https://boards.straightdope.com/u/TheGunIsMightierThanThePen)\
**Post date:** [November 28, 2021, 4:43am UTC](https://boards.straightdope.com/t/tax-the-richest-loans/955037/6 "2021-11-28T04:43:06Z")

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This article is paywalled for me. From what I can make of the excerpt you included, I made a similar proposal back in [this post](https://boards.straightdope.com/t/democrats-want-to-have-a-billionaire-non-income-tax/953260/7). Instead of a flat 10% tax on the loan, I would just use the existing income tax percentages already in place, so 37% for income over $523,600 in 2021-2022.

Simultaneously, I would raise capital gains tax rates to match income tax rates, if the net worth of assets sold that year exceeds a certain amount. Combined, these two initiatives _should_ close all the major loopholes I can think of at the moment, but I’m sure they’d come up with more ingenious ones. It’s still a good start, though.

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