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why do these "how much they really pay" exposés always stop short of the full comprehension of taxes paid by these business owners? they conflate "wealth as re
by bkirkby 5y ago
why do these "how much they really pay" exposés always stop short of the full comprehension of taxes paid by these business owners?
they conflate "wealth as resource allocation" (business ownership) with "wealth as consumption" (personal individual gain) to show that these people aren't paying their "fair share."
in this case, propublica has the chart showing the "true tax rate" by conflating the two different kinds of wealth.
shouldn't the "true tax rate" account the payroll taxes and business taxes paid by these businesses? if we are going to allocate the ownership of business as part of the wealth calculation, then shouldn't we also allocate the taxes paid by these businesses to the individuals as well?