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re: My Semester with Snowflakes

Posted on 12/26/19 at 11:15 pm to
Posted by funnystuff
Member since Nov 2012
8371 posts
Posted on 12/26/19 at 11:15 pm to
Come on, the discussion was clearly about billionaires. Don’t intentionally conflate that with those who are simply wealthy just to try and backdoor your way into a win.


You’re right that it’s dumb AF to say that billionaires don’t pay any taxes, but it’s also disingenuous AF to suggest that they are paying more than everyone else. Here’s the breakdown for 2018:
quote:

In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%.
shite like Warren’s wealth tax is absurd, but getting billionaire tax collections in line with the average American shouldn’t be asking too much.
This post was edited on 12/26/19 at 11:16 pm
Posted by Happygilmore
Happy Place
Member since Mar 2009
1810 posts
Posted on 12/27/19 at 11:26 am to
quote:

In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%.


source?

i have a feeling that they include growth in stocks as income even though it isnt realized by the person in the form of dividends or sales.
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