2 ms·
There is income distribution going on and its to the upper elite who pay very little taxes. We have a regressive tax system disguised as progressive. So hedg
by adrr 10y ago
There is income distribution going on and its to the upper elite who pay very little taxes. We have a regressive tax system disguised as progressive. So hedgefund manager can bring 8 figures of income but only pay 23%. That its the upper limit, when we actually get to see into the upper riches taxes they pay less. Take a look John Kerry's returns. 5.5M income and he only paid 15.5% in taxes. Its crazy we penalize earned income with a higher burden of taxes.
- ArkyBeagle 10y agoWe don't have a coherent and morally elegant method of defining "earned".