jeffw@lemmy.world to politics @lemmy.world · 1 year ago'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgexternal-linkmessage-square144fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-link'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgjeffw@lemmy.world to politics @lemmy.world · 1 year agomessage-square144fedilink
minus-squareFuglyDuck@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoOr just make loans taxable, doesn’t have to be the same as income- like capital gains tax.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up0·1 year agoCapital gains is much lower and doesn’t pay into SS, Medicare, etc.
minus-squareFuglyDuck@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoSounds like we could fix that too. My point is, it doesn’t have to be “income tax”, it could be its own, much more painful tax. (Who am I kidding, enough senators live off this stuff too.)
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up0·1 year agoTaxes are not supposed to be painful. They are supposed to be fair and fund the government. Painful taxes just causes avoidance.
minus-squareFuglyDuck@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoTax avoidance is a crime. Lock up the billionaires. I see nothing wrong with it.
Or just make loans taxable, doesn’t have to be the same as income- like capital gains tax.
Capital gains is much lower and doesn’t pay into SS, Medicare, etc.
Sounds like we could fix that too.
My point is, it doesn’t have to be “income tax”, it could be its own, much more painful tax.
(Who am I kidding, enough senators live off this stuff too.)
Taxes are not supposed to be painful. They are supposed to be fair and fund the government. Painful taxes just causes avoidance.
Tax avoidance is a crime.
Lock up the billionaires. I see nothing wrong with it.