The truth is that salaried employees pay a much higher tax rate while “investors” get off the hook...oh sure they take on “risk”, but they get rewarded far too generously, and if you make less than a million a year, this shouldn’t even worry you.
Mister Alighieri
MisterAlighieri
Because wealth should be taxed rather than income. Fixed it for you.
Well terms do matter in these discussions. And like with guns if you believe a clip is a magazine, AR stands for assault rifle, or an M4 and an AR15 are the same, then it makes it easy for others to not take you seriously.
I don’t want to bring any more actual law or actual economics into this, but stock options at least, are taxed. So is property, an archetypal asset. I don’t know if stock appreciations are, and am too busy to bother looking it up, but they might be.
You’re confusing amount with percentage, and conflating income with wealth. Someone who has $50,000 and pays 10% in taxes pays $5000, while someone who has $200,000 and pays 10% will pay $20,000. The dent in the grocery bill for the person making $50k is serious; there’s no worry about food for the person making…
Citation needed.
Without workers there are no profits. Almost like it’s a cycle, huh>
Just pointing out that Amazon, as a corporation, pays a lower effective tax rate than the median American household.
“After-tax income tells a similar story. For the top 1 percent, it nearly tripled between 1980 and 2014, according to research by Paris School of Economics’ Thomas Piketty and UC Berkeley’s Saez and Zucman. For the top 0.1 percent, it almost quadrupled in the same period. And posttax income for the 0.01 percent rose…
Yes, and? You do understand how businesses do that right? They get write offs just like individuals do to bring down the statutory rate. Plus taxing businesses more usually means their products end up costing more or they employ less people because they don’t have the capital.
Profits are unpaid wages
It’s almost like you think presenting irrefutable facts will somehow sway the opinion of those with whom you are discussing an issue on Deadspin. Cute.
the one consistent theme was that it describes an incident involving Kavanaugh and a woman while they were in high school.
The average American household is over leveraged in debt with no savings to speak of. 97k is nothing in net worth especially if you include the house. Median is probably a better measure for these discussions since averages can be pulled higher or lower depending on the data set. Here is a chart that should scare…
There’s nothing to tax. It’s almost all share value, not money.
One day, Hamno, you’ll realize that the rich are just the players on our team who’ve spent less time bitching about the rules and rolled up their sleeves and got busy working. A classic case of “don’t hate the player, hate the game.”
Be better Hamno. This is fucking weaksauce.
Networth is commonly seen as the result of adding all your assets (basically anything that could be sold for money) minus the sum total of all your liabilities (money you owe to any creditors).