Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
I would love to see the backup data. I would bet solid money that this is highly manipulated data.
I don’t know that I agree that it would be a “shame” if folks like Bezos or Buffett paid at a tax rate of 60%, say. Keeping 40% of a few billion each year should keep them living in a decent lifestyle.
Buffet is too smart to have much income subject to tax and that should be the real issue.
I would guess yearly gross income, but that is only a guess. That is much different than the 400 richest.
And Switch to more of a net worth tax than an income tax. The richest can avoid an “income tax” because year to year their wealth is not necessarily based on that year’s traditional income. Being able to offset losses also works heavily in their favor in our traditional income tax system.
Not at all. If you want to tax the rich that is how you do it. States did that with corporate taxes for years.
The effective tax rate on the top 1% has fluctuated about 10% (from highest to lowest) in the last 70 years. It’s currently about 6% lower than it was in the 50s.
Bingo. You could make them 90% and it wouldn't affect the Warren Buffett's of the world at all.
