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What are you smoking? The rich pay capital gains which is way, way less than the average person is paying.
by bergenty 4y ago
What are you smoking? The rich pay capital gains which is way, way less than the average person is paying.
- caramelcustard 4y ago"The latest government data show that in 2018, the top 1% of income earners—those who earned more than $540,000—earned 21% of all U.S. income while paying 40% of all federal income taxes. The top 10% earned 48% of the income and paid 71% of federal income taxes." https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes https://www.heritage.org/taxes/commentary/1-chart-how-much-t... Nice of you to imply that only "the rich" can buy/sell assets, especially in a post-Gamestop world.
- orwin 4y agoNow, add VAT to income taxes, and change the referential. Top 1% gives back X% of their income as taxes, top10% gives back Y%. If Y>X, you have inequality issues.
- caramelcustard 4y ago"Inequality" in percentage but not the actual revenue. Not sure what is the point of adding VAT though. "The rich" does not pay it i presume, just like "average people" are free of capital gains taxes (lmao).