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Are you really that unaware of how taxes work? Have you never paid taxes before? He's not being taxed at a certain rate because he's rich. The taxes are fo
by hnwh 14y ago
Are you really that unaware of how taxes work? Have you never paid taxes before? He's not being taxed at a certain rate because he's rich. The taxes are for capital gains income. If you as a middle class person, or someone on welfare had 100k shares of FB stock, they'd be taxed at the same 15% as if a billionaire had them. If a billionaire went out and earned their income with a job paid at $10m cash a year... then guess what? They're going to pay the same 35-38% rate on that income that you would pay. Its not about the wealth, its about how its made. If you really are concerned about wealth, try to figure out how the system works first before criminalizing those who have
- mikeash 14y agoI'm fully aware of how this stuff works. The fact of the matter is that wealthy people are likely to obtain the vast majority of their income from capital gains, and middle class people are likely to obtain the vast majority of their income from labor. Thus, by taxing capital gains less, you wind up taxing the rich less. No, it's not written into law that way, but that's how it works out. If you want to continue the discussion, do you think you could try to do without the personal attacks? They're very irritating and completely uncalled for here.