jeffw@lemmy.world to politics @lemmy.world · 7 months ago'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgexternal-linkmessage-square131fedilinkarrow-up11.02Karrow-down114
arrow-up11Karrow-down1external-link'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Timewww.commondreams.orgjeffw@lemmy.world to politics @lemmy.world · 7 months agomessage-square131fedilink
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up2·7 months agoCapital gains is much lower and doesn’t pay into SS, Medicare, etc.
minus-squareFuglyDuck@lemmy.worldlinkfedilinkEnglisharrow-up2·7 months 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-up1·7 months 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-up1·7 months agoTax avoidance is a crime. Lock up the billionaires. I see nothing wrong with it.
minus-squareexplodiclelinkfedilinkEnglisharrow-up1·7 months agoThat’s the difference between tax avoidance and tax evasion. Avoidance is legal, evasion is not.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·7 months agoTax avoidance isn’t a crime. Do you use deductions on your 1040? That’s tax avoidance.
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.
That’s the difference between tax avoidance and tax evasion. Avoidance is legal, evasion is not.
Tax avoidance isn’t a crime.
Do you use deductions on your 1040? That’s tax avoidance.