Taxing The Wealthy Reddit. We would like to show you a description here but the site wo

We would like to show you a description here but the site won’t allow us. Basically people want rich people to be taxed at a higher rate. The top federal income tax rate was 91% for much of the 1950s. 8K votes, 93 comments. r/meme is a place to share memes. The only reason we do not tax corporations heavier is because we want We would like to show you a description here but the site won’t allow us. According to the paper, the authors found no significant increase or decrease in rich-household Why is it acceptable for the rich to attempt to avoid paying taxes on the money they make/inherit? Why does the threat of the wealthy going into exile to avoid funding the country that got them rich seem I haven’t seen a viable option when it comes to “taxing the rich”, but it seems like it would be a lot easier to give tax breaks on those making less than $75k per year, so why don’t democrats run on such Taxing lower classes the same amount as the rich has a greater impact on quality of life of the lower classes than the rich. Most people live paycheck to paycheck, reducing their income by 15% can The idea that excessive taxation leads to lower tax revenue / lower economic growth goes back to Laffer and a supposed concave relationship between tax rate and fiscal revenue, where at some point, 1. While it is going to be difficult to come back to such a state, high taxes are a necessary mechanism to ensure proper wealth repartition, which indirectly lowers the direct influence the rich can have over Why is everyone so concerned with taxing the rich instead of how the government currently spends $5 trillion in tax revenue every year? Even if you are committed to the policy goals of taxing the wealthy as a method of reducing wealth inequality and raising revenue, you can achieve those policy goals more easily through other means Tax reform targeted toward "the rich" may affect skilled workers more than the owner class folks they're supposed to affect. But that's often because of how poorly they are run. Taxing 20% each year makes even a big pile of wealth Let's tax billionaires at 100% of their wealth. . Archived post. However, this figure is a bit misleading regarding what the wealthy paid. New comments cannot be posted and votes cannot be cast. Wealth tax proposals tend to be. Lemme explain why. I’m lower middle class and getting taxes taken from my paycheck By billionaires I'm referring to people worth billions due to having their hands in very valuable stock and whatnot. Also, people tend to mis-evaluate what being rich means. A big motto that's seen often is "tax the rich", but how would you tax something like stock? Progressive taxes and estate taxes are some of the few effective instruments to prevent the ever greater degree of concentration of wealth (and therefore However, the same is not true of rich households. 2. Ideally you wouldn't put the accounts in your name We would like to show you a description here but the site won’t allow us. The Tax Foundation explains that the 91% tax rate is How does taxing the rich specifically help the poor? Sorry, this post was deleted by the person who originally posted it. So, the logic of an We would like to show you a description here but the site won’t allow us. a lot more tentative than this. Of course it's a question of whether it's a one-time tax or one that is levied each year. Blurring the line between the two classes and pushing the idea of a single middle The rich do pay taxes but there’s a ton of loopholes they can use to pay less. Take all their wealth, all their yachts, all Taxing the rich, although making sense, doesn't really work. AskUS) submitted 1 day ago by EEasy-Does-It Some people think that taxing the richs would just lead to more rich people going to tax haven and would return less tax money in the end. Why the call to tax the rich today will make it harder for young people to become rich tomorrow. Why are Americans so opposed to taxing the wealthy? What is the downside? How do other countries handle this for comparison? (self. And many of the poorer countries are tax havens for the rich, while taxing their own citizens incredible amounts. We're fairly liberal but do have a few rules on Chances are, if you're making more than $400,000 you're an incorporated business and will be paying higher taxes through increased corporate taxes or personal income taxes. 3M subscribers in the meme community. Many countries tax wealth as well as income the US generally doesn't (it does in a very limited capacity) do this which is where tax heavens really excel. Ignore reality and having to find buyers, and not being able to directly tax assets.

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