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The Guardian reporting misleading headlines…as usual. The claimed 3.4% tax rate comes from calculating how much taxes they paid as a percentage of their net wor
by boeingUH60 5y ago
The Guardian reporting misleading headlines…as usual. The claimed 3.4% tax rate comes from calculating how much taxes they paid as a percentage of their net worth increase, not income.
You can make a valid argument that the way ultra-wealthy people are taxed isn’t fair and that unrealized stock/other investments appreciation should be regarded as income…but it isn’t as of now, making this headline at least misleading and at worse an outright lie.
- nescioquid 5y agoThe proposal discussed in TFA was a 20% minimum tax on income and unrealized gains, so it is reasonable that the issue is not framed in terms of simple income. Not sure how you think this is being misleading.