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The wealthy in America cover the bulk of the tax revenue collected if the IRS stats are to be trusted.
by cpursley 5y ago
The wealthy in America cover the bulk of the tax revenue collected if the IRS stats are to be trusted.
- luffapi 5y agoThe wealthy pay far less in taxes in proportion to their wealth than everyone else. Long term capital gains is only 10%. The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. I think massive wealth inequality is making a significant number of people rethink this generous position.
- Chris2048 5y ago> Long term capital gains is only 10% But it has yet to be taxed as income. Even if it doesn't devalue, you can't use it until you dispose of it, incurring additional tax. > The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. The wealthy can afford better weaponry than you. Are you alive only because they allow you to live? > rethink this generous position Do you think you are entitled to something just because you could (forcibly) take it?
- wpietri 5y agoI'd say that's less about the generosity of the wealthy and more about the huge rise in concentration of wealth that we've allowed over the last 50 years: https://www.chartbookofeconomicinequality.com/inequality-by-country/usa/ https://www.chartbookofeconomicinequality.com/inequality-by-...