Propublica has released the tax files of Wealthiest Americans of last 15 years
- Thread starter Payday23
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ogc163
Superstar
OfTheCross
Veteran
The Democrats gotta find a way to sell a "wealth tax".
The argument against it, that it's like getting taxed twice for your income, is pretty strong with the public
The argument against it, that it's like getting taxed twice for your income, is pretty strong with the public
Why this?
ogc163
Superstar
Only 70,000-150,000 out of 360 Million people in this country would pay it.
Ya’ll want income taxed before it is realized...Just make interest on mortgages not tax deductible, chiiizzzz
Then again, this is probably more about sticking it to rich people than tax revenue.
ogc163
Superstar
Dreamchaser
All Star
This is misleading, income and wealth are two separate issues. Having your wealth increase may not have any impacts on your taxes, however income gains will be taxed if it grows due to the tax code. These billionaires aren't getting billions in income, they try finding the most tax advantage ways to defer on taxes.
true tax rate isnt any crazier than pretending that elon musk didnt get 100 billion dollars wealthier last year because it is all unrealized capital gains...imagining what they wouldve paid in taxes on those gains is the same as pretending they didnt make billions by calling it unrealized gains...
"Tax revenue" is barely meaningful if it doesn't affect the income distribution. It's about power. So long as the 25 wealthiest people have more wealth than 100 million Americans, they in many ways have more power than 1/3 of America combined. And that power has been growing every year. Society can't continue in any meaningful manner so long as the richest few people effectively control the country.
Just make interest on mortgages not tax deductible, chiiizzzz
Then again, this is probably more about sticking it to rich people than tax revenue.
The moment he goes to touch it, its taxed
Are you wanting people taxed on money they haven’t actually made?
The moment he goes to touch it, its taxed
Are you wanting people taxed on money they haven’t actually made?
You mean unless someone declares a tax holiday, momentarily lowers rates, or he finds a way to transfer it to a place or form where it can be transferred to cash untaxed or at a lower tax. Or he overvalues assets to make bullshyt charitable deductions with which he then offsets the gains of the money he pulls out. There are a hundred ways to do it.
Because it's in the best interest of our society and countryThe moment he goes to touch it, its taxed
Are you wanting people taxed on money they haven’t actually made?