3 ms·
The current tax system is weird. If you're poor it's pretty straightforward. If you're middle-class you get hit by weird rules that don't make sense and can end
by tschellenbach 5y ago
The current tax system is weird. If you're poor it's pretty straightforward. If you're middle-class you get hit by weird rules that don't make sense and can end paying a lot of taxes. Some examples are international tax rules and AMT on stock options. When you get very wealthy (IE net worth >25M is required for good wealth/tax management) you end up paying very little taxes.
I'd prefer real solutions to the tax system instead of applying more duct-tape to it.
The same for the climate plans. Any real solution requires an efficient carbon pricing market. Instead we get a subsidy on all electric cars other than Tesla.
- aidenn0 5y agoWhy have zero politicians suggested unifying our income tax with qualified dividends/capital gains? It seems like such an obvious move that I must be missing something...
- Freestyler_3 5y agomiddle class buys a 500k house, which is more than they have. wealthy people buy a house but it is only a fraction of their wealth. Proportions are different Simple thing as food too, they might eat more expensive but if you look at it they only buy food for 0.01% of their wealth and middle class 10%. (fictional numbers but roughly this is how it is)