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They already get most of their income through capital gains, so they dodge 30% on a tax that is about 30-40% percent to begin with. So, yeah, they pay about 25%
by tormeh 9y ago
They already get most of their income through capital gains, so they dodge 30% on a tax that is about 30-40% percent to begin with. So, yeah, they pay about 25% tax on their earnings. Now how does that compare with most people's tax rate?
- lacampbell 9y agoRight. Progressive tax rates don't do what they're supposed to do, because of loop holes, and the fact that the very wealthy can afford accountants.
- emodendroket 9y agoIt's pointless to reform tax law in wage earners' favor, because the laws are written to their deficit? Is that your argument?
- kasey_junk 9y agoThe capital gains tax rate is neither a loop hole nor progressive.
- deleted 9y ago[deleted]