4 ms·
There is substantial difference between income and wealth. I work in tech in the Bay Area, so I have good-to-great income, but I have not accumulated much wealt
by jacobn 12y ago
There is substantial difference between income and wealth. I work in tech in the Bay Area, so I have good-to-great income, but I have not accumulated much wealth.
The people I think offend you are the (seemingly idle) rich who make most of their money on capital gains => very little taxes actually paid (and I'm sure there is a lot of history behind long term cap g, but from a regular wage worker perspective it can be hard to not perceive that as skewed, yes).
Pretty much all seriously wealthy people are of course in the top 20% income wise as well, but so are most people on this forum who have started their careers.
So I would call myself a producer. And I'm not getting the sense that I'm getting a dollars worth of return for every dollar spent on taxes.
So let's clean up the tax code (and let's stop using the word "fair" - nothing is ever fair in taxes, nor in death, certain as they may be), and make government more efficient and effective.
Then I'll be a little more excited about April 15.
- jwellnitz 12y agoYou might not see a dollar's worth of return in a dollar's tax, but that's probably because you've never lived in a failed state (like Syria is sadly now). If you live in the U.S. and have the time and energy to post comments here, your home (whether you rent or own) is probably safe, you can put your money in a bank and expect to get it back when you ask, if you are accused of a crime you have an opportunity to defend yourself, if you are the victim of a crime you have a reasonable expectation that the state (e.g. police and prosecutors) will help you, when you retire you have health insurance a little income (Social Security) ... etc. These are a very few of the benefits of living in a civil society. They all cost money, which we pay in taxes.