3 ms·
Without thinking too much I’d agree, but I have a hard time saying someone making $25k/yr should pay 25% of their income compared to someone making $1mil/yr. I
by alphabettsy 7y ago
Without thinking too much I’d agree, but I have a hard time saying someone making $25k/yr should pay 25% of their income compared to someone making $1mil/yr.
If the very wealthiest weren’t paying lower effective tax rates than the people making $200k/yr. that would be a start.
- ajsnigrutin 7y agoIf by "the wealthiest" you mean millionares and billionaires, then you must also know that they have ways to move their money around to avoid those taxes. Some programmer with 200k wage, living in an ultra expensive city, doesn't.
- alphabettsy 7y agoI absolutely know that. Imagine spending just a portion of what we spend on the drug war to combat tax evasion.
- dwrowe 7y agoTax avoidance is not the same as tax evasion - moving money into trusts or donor-advised funds, QOZs, etc - isn't evasion.
- dwrowe 7y agoThey're not paying 25% of their income in taxes - they're paying maybe 1-2% ? https://files.taxfoundation.org/20190719104737/TF_2018TaxData_update3_1.png https://files.taxfoundation.org/20190719104737/TF_2018TaxDat...
- alphabettsy 7y agoParent was referencing flat tax. I’m aware that lower incomes do not pay anywhere near 25% on average.