America's billionaires pay lower tax rates than you do, study finds
cross-posted from: https://lemmings.world/post/32948660
https://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/Open linkView original on lemmy.today410
Comments23https://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/Open linkView original on lemmy.today
It’s extra fun to contemplate the fact that billionaires also do not work.
In fact. Us poors will make more money for people that are already wealthy than we will ever for ourselves.
And that's news?
I'm old enough to remember spotting Michael Jackson's first album in an obscure record store in SF and wondering if this guy was any good, and I've always knows rich people pay less taxes than working stiffs. In fact, I'm almost certain that's where the idiom to get stiffed comes from.
I also don't remember a time when I haven't thought the next time I come across a rich prick, if he's enough of a prick, I might just slit his throat for the sheer satisfaction of doing it.
To be fair, the research paper wasn't asking "who pays less", it was asking "what are the exact amounts paid". The news headline then had to dumb it down to "billionaires pay less".
This is literally the entire proposal of Trickle-Down Reganomics we adopted in the 80s. It's not some unintended end result, it's the conscious decision that was made.
News just in, bear shits in woods.
Not for much longer.
Won't be too many bears left...
And water is wet.
time to collectively stop paying taxes
lol na i’m act 20/22 in puerto rico
No shit
i pay 21% on average, but i am a tax expert.
The US Reich gutted the IRS, why would anyone pay taxes now?
They don't pay taxes at all. They claim losses on holding companies or LLCs to offset their gains and pay nothing.
Um, it's unfair that I have to pay a capital gains tax at all, sweetie.
Why? You didn't do any work to get that capital gain, you just bet on the right horse in the market. A $5k capital gain is just like winning $5k at the track, and should be taxed the same way.
Exactly! If I didn't do any work, I shouldn't pay any tax. It's simple, really.
As an avid gambler, I don't think gambling should be taxed either.
At least you're honest
I feel like they're being facetious, but it's getting harder to tell these days.
They live in Texas, so it's anyone's guess — from what I've gathered they're well off, if that changes your opinion.
It makes me assume they are an asshole and likely need to be slapped.
We're as before I just thought they were a troll.
It's for private equity, Sweetie. NEXT!
Disagree. If you earn $1 a year I think you should be paying something in taxes, possibly getting it back (less interest), but you should have skin in the game.