'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time | Common Dreams
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"It's time to tax the billionaires," economist Gabriel Zucman argues in a new analysis.
    • FuglyDuck@lemmy.worldEnglish
      2·
      6 months ago

      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.)

      • breetai@lemmy.world
        1·
        6 months ago

        Taxes are not supposed to be painful. They are supposed to be fair and fund the government. Painful taxes just causes avoidance.

          • explodicleEnglish
            1·
            6 months ago

            That’s the difference between tax avoidance and tax evasion. Avoidance is legal, evasion is not.

          • breetai@lemmy.world
            1·
            6 months ago

            Tax avoidance isn’t a crime.

            Do you use deductions on your 1040? That’s tax avoidance.