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It’s exhausting arguing about this on HN or any other forum. You are in a tiny yet crucial minority, at least from the perspective of taxpayers as the 1% pay th

It’s exhausting arguing about this on HN or any other forum. You are in a tiny yet crucial minority, at least from the perspective of taxpayers as the 1% pay the majority of all taxes. The best part about America, and playing by the rules of America and avoiding sketchy offshore nonsense, is that you can trust the law will treat you fairly. That is the simple secret of success for America’s entire existence, along with a decentralized government that makes power diffuse and a paranoid streak that infuses the populace with distrust of authority. Live quietly, don’t be a public figure, and you can enjoy your (b/m)illions without serious socialist threat.

Epa095 3y ago
>as the 1% pay the majority of all taxes. I am sorry for jumping in the middle of the discussion (which you seemed to want to quit :-P) but this statement seems to weird to not check out. After looking into it a bit it SEEMS like it's only true under a very certain reading: - "The 1%" must refer to the 1% with the highest income, and not the 1% richest, since the actual super rich don't really (often) have registerd income at all. So it's not top 1% richest, but the top 1% of the wage receivers. How much does the richest actually tax? No clue. - Even when it refers to the top % of wage slaves, it is still wrong for "taxes", but true for "federal income tax" only. According to [1] the top 1% made ca 21% of the money, and payed 24% of the total tax burden. So not the majority. 1: https://itep.org/who-pays-taxes-in-america-in-2019/ https://itep.org/who-pays-taxes-in-america-in-2019/
- kaashif 3y ago
  You seem to use wage receiver and wage slave interchangeably. The top 1% of wage receivers include people in literally millions of dollars per year who cannot reasonably be described as wage slaves.
  - Epa095 3y ago
    True, most of them have probably accumulated so much wealth that they work because they want to, and can quit at any time. They still don't contribute the majority of the taxes though;-)

Epa095 3y ago

>as the 1% pay the majority of all taxes. I am sorry for jumping in the middle of the discussion (which you seemed to want to quit :-P) but this statement seems to weird to not check out. After looking into it a bit it SEEMS like it's only true under a very certain reading: - "The 1%" must refer to the 1% with the highest income, and not the 1% richest, since the actual super rich don't really (often) have registerd income at all. So it's not top 1% richest, but the top 1% of the wage receivers. How much does the richest actually tax? No clue. - Even when it refers to the top % of wage slaves, it is still wrong for "taxes", but true for "federal income tax" only. According to [1] the top 1% made ca 21% of the money, and payed 24% of the total tax burden. So not the majority. 1: https://itep.org/who-pays-taxes-in-america-in-2019/ https://itep.org/who-pays-taxes-in-america-in-2019/

kaashif 3y ago
You seem to use wage receiver and wage slave interchangeably. The top 1% of wage receivers include people in literally millions of dollars per year who cannot reasonably be described as wage slaves.
- Epa095 3y ago
  True, most of them have probably accumulated so much wealth that they work because they want to, and can quit at any time. They still don't contribute the majority of the taxes though;-)