3 ms·

do some research and see who is paying what when it comes to taxes. this fair share bullshit is just communist propaganda

by throwaway202303 3y ago

rurp 3y ago
Um, you might want to look up effective tax rates. At least in the US, the highest earners pay absurdly low rates in reality. I would be delighted to pay double the rate the average billionaire does.
- Zanni 3y ago
  Please show your work. The top marginal rate in the US is 35% plus state taxes of up to 12.3% (California). If you can arrange to take your income as long term capital gains or qualified, you can get the federal rate down to 20% (but you're still on the hook for state taxes).
  - rurp 3y ago
    I'm talking about rates people actually pay. The listed tax rates are fairly meaningless once individuals pass a certain amount of wealth. Effective rates increase to a point and then drop precipitously once a person has enough wealth to game the system. The richest Americans pay a rate of less than 10%. https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...
- throwaway202303 3y ago
  don’t start a sentence with um. its arrogant. and you are wrong. just go and look up what proportion of the population pays the most tax by income band. the rates are irrelevant
  - rurp 3y ago
    I am correct and there is a great deal of public information you could read to verify this if you so choose. Here's one example showing the effective tax rate of the wealthiest American's as 8.2%[0], which is consistent with other sources I have seen. Again, I would love to pay only double that rate for my taxes. [0]https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...

do some research and see who is paying what when it comes to taxes. this fair share bullshit is just communist propaganda

rurp 3y ago

Um, you might want to look up effective tax rates. At least in the US, the highest earners pay absurdly low rates in reality. I would be delighted to pay double the rate the average billionaire does.

Zanni 3y ago
Please show your work. The top marginal rate in the US is 35% plus state taxes of up to 12.3% (California). If you can arrange to take your income as long term capital gains or qualified, you can get the federal rate down to 20% (but you're still on the hook for state taxes).
- rurp 3y ago
  I'm talking about rates people actually pay. The listed tax rates are fairly meaningless once individuals pass a certain amount of wealth. Effective rates increase to a point and then drop precipitously once a person has enough wealth to game the system. The richest Americans pay a rate of less than 10%. https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...
throwaway202303 3y ago
don’t start a sentence with um. its arrogant. and you are wrong. just go and look up what proportion of the population pays the most tax by income band. the rates are irrelevant
- rurp 3y ago
  I am correct and there is a great deal of public information you could read to verify this if you so choose. Here's one example showing the effective tax rate of the wealthiest American's as 8.2%[0], which is consistent with other sources I have seen. Again, I would love to pay only double that rate for my taxes. [0]https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...