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> And then I often think of my two brothers who probably pay 40-50% of their income each year in federal, state, and local taxes. It just seems so unfair. If t
by pwg 15y ago
> And then I often think of my two brothers who probably pay 40-50% of their income each year in federal, state, and local taxes. It just seems so unfair.
If the author really thinks his 28% tax rate is very unfair in light of his two brothers paying 40-50% taxes, he could donate the difference between 28% and 40-50% for himself to the Treasury each year, and effectively be paying a 40-50% rate.
- Aloisius 15y agoIt isn't just unfair that he is paying a lower rate. It is unfair that everyone like him is paying a lower rate. Him donating money will have no effect on the unfairness, only on his guilt. That said, while I benefit personally from the low long term capital gains tax, carried interest is ridiculous.
- dmd149 15y agoIt seems as if people that consider the system unfair always want others to pay more. This includes wealthy people who want their own tax rates increased (Warren Buffett). They never willingly donate their own money to the government. In fact, I don't know anyone from any income group willing to donate money to the government. What is fundamentally unfair is that the government is terrible at 99% of things it tries to do. This affects everyone regardless of their tax rate.