Good Tuesday Read
- Thread starter NYShoreGuy
- Start date
Scientific studies prove that to be false. Weird but true. I'm waiting for ShoreGuy to post about Manchin
See this though on the wealthy as a whole who pay more than their fair share nonsense:
taxfoundation.org
Summary of the Latest Federal Income Tax Data, 2023 Update
The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
taxfoundation.org
some wealthy people pay their fair share. Some do not. If you are W-2 Worker earning $600k, then you are paying your fair share. If you are a billionaire who derives most of their income off capital gains, well, you are not. The fact that the wealthy pay the most in income taxes is no surprise. They make the most money So they should pay the most.See this though on the wealthy as a whole who pay more than their fair share nonsense:
Summary of the Latest Federal Income Tax Data, 2023 Update
The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
The problem is that some of the wealthiest people are paying such a small percentage of their income. That should not happen and that should be fixed. Why should the guy busting his ass making $600k have to pay a higher percentage than someone making $60 million a year. In fact, people making $200k are paying a higher percentage.
No threads on Manchin? I figured he would get a thread from you similar to Paul Ryan. But I guess you’re a fan of Republicans who go against their party not democrats.
The exact same thing you would be putting up if this happened 4 years ago and a republican stood up against getting rid of the fillibuster
LOTS of games to be played with capital gains, I agree. The theory behind it is a bit outdated. The federal government has yet to figure out a fair tax system because they do it lazily IMHO. Trump got a few things right, however.
ProPublica's Bombshell Tax Report That Wasn’t
In a report hyped as a "bombshell," investigative journalism outlet ProPublica managed to get access to and publish the private…
reason.com
Interesting read but what car appreciates assuming we aren’t talking about collectors/classics lol?ProPublica's Bombshell Tax Report That Wasn’t
In a report hyped as a "bombshell," investigative journalism outlet ProPublica managed to get access to and publish the private…
