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I thought that the problem with rich people and taxes kicked in when you're so rich that most of your money doesn't come from ordinary "income" but from other c
by ithkuil 4y ago
I thought that the problem with rich people and taxes kicked in when you're so rich that most of your money doesn't come from ordinary "income" but from other creative ways that truly rich people can come up to when they have entire teams devoted to managing their wealth.
Even if people making $200k+ are certainly well off and privileged, I don't view them as the rich elite everyone is talking about. Perhaps I misunderstood something?
- SpicyLemonZest 4y agoI've had multiple friends in that bracket explain to me how they saved tens of thousands through "tax optimization strategies" involving crypto wash trades or fraudulent home office deductions. If you've ever gotten options from a startup, you've probably benefitted from the 409a valuation process, which is quite a lot better than the "make up a number" process it replaced but still provides a lot of wiggle room (except at the end of a fundraising round) to produce an artificially low valuation.
- rayiner 4y agoYour perception lacks perspective. The top 25% minus the top 0.1% earn the lion’s share of income in this country. In every developed nation, this is the most heavily taxed group. Any taxation strategy that doesn’t heavily tax these folks but pretends to be left wing is non-serious.
- ithkuil 4y agoIn my country they are indeed the most heavily taxed group indeed. Isn't that the case in the us too? The reason I'm confused is that whenever I hear the "tax the reach" argument, i hear talking about the Musks, the Bezoses, the Buffets of the world, not my doctor or whatnot . If the USA really taxes more the poor than somebody who makes 200k then you guys really have a problem, but that problem is mostly a communication problem