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Money you need to spend is different from money you can save or invest. That's why they can do it.
by visarga 5y ago
Money you need to spend is different from money you can save or invest. That's why they can do it.
- rgifford 5y agoMost Americans don't have money to save or invest. Capital gains functionally rewrites tax brackets. There's lots of ways to make sure that people so rich they don't have to wage earn pay their fair share. We choose not to.
- AlchemistCamp 5y agoAnother important consideration, is that the complexity of a tax system is itself a regressive tax. If hiring an accountant can decrease the amount of tax you need to pay, the tax rate is effectively higher for those who can afford an accountant than for those who can't.