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suspicious_hyperlink@lemmy.today to News@lemmy.world · 1 day ago

America's billionaires pay lower tax rates than you do, study finds

www.cbsnews.com

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America's billionaires pay lower tax rates than you do, study finds

www.cbsnews.com

suspicious_hyperlink@lemmy.today to News@lemmy.world · 1 day ago
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Billionaires pay a lower tax rate than the rest of America's taxpayers, new study finds
www.cbsnews.com
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The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists find.

cross-posted from: https://lemmings.world/post/32948660

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  • LousyCornMuffins@lemmy.world
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    1 hour ago

    i pay 21% on average, but i am a tax expert.

  • teawrecks@sopuli.xyz
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    17 hours ago

    This is literally the entire proposal of Trickle-Down Reganomics we adopted in the 80s. It’s not some unintended end result, it’s the conscious decision that was made.

  • yeahiknow3@lemmy.dbzer0.com
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    24 hours ago

    It’s extra fun to contemplate the fact that billionaires also do not work.

    • NatakuNox@lemmy.world
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      19 hours ago

      In fact. Us poors will make more money for people that are already wealthy than we will ever for ourselves.

  • BeardedGingerWonder@feddit.uk
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    19 hours ago

    News just in, bear shits in woods.

    • Patches@ttrpg.network
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      18 hours ago

      Not for much longer.

      Won’t be too many bears left…

  • ExtremeDullard@piefed.social
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    1 day ago

    And that’s news?

    I’m old enough to remember spotting Michael Jackson’s first album in an obscure record store in SF and wondering if this guy was any good, and I’ve always knows rich people pay less taxes than working stiffs. In fact, I’m almost certain that’s where the idiom to get stiffed comes from.

    I also don’t remember a time when I haven’t thought the next time I come across a rich prick, if he’s enough of a prick, I might just slit his throat for the sheer satisfaction of doing it.

    • MangioneDontMiss@lemmy.ca
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      16 hours ago

      i swear these headlines and supposed “studies” are getting dumber and dumber.

  • Devolution@lemmy.world
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    23 hours ago

    And water is wet.

  • (des)mosthenes@lemmy.world
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    21 hours ago

    time to collectively stop paying taxes

    • MangioneDontMiss@lemmy.ca
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      19 hours ago

      you’re still paying taxes?

      • (des)mosthenes@lemmy.world
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        19 hours ago

        lol na i’m act 20/22 in puerto rico

  • GreenBottles@lemmy.world
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    16 hours ago

    No shit

  • laz@lemmy.dbzer0.com
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    20 hours ago

    deleted by creator

  • UnderpantsWeevil@lemmy.world
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    1 day ago

    Um, it’s unfair that I have to pay a capital gains tax at all, sweetie.

    • dhork@lemmy.world
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      23 hours ago

      Why? You didn’t do any work to get that capital gain, you just bet on the right horse in the market. A $5k capital gain is just like winning $5k at the track, and should be taxed the same way.

      • UnderpantsWeevil@lemmy.world
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        22 hours ago

        You didn’t do any work to get that capital gain

        Exactly! If I didn’t do any work, I shouldn’t pay any tax. It’s simple, really.

        A $5k capital gain is just like winning $5k at the track

        As an avid gambler, I don’t think gambling should be taxed either.

        • dhork@lemmy.world
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          22 hours ago

          At least you’re honest

          • Remember_the_tooth@lemmy.world
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            15 minutes ago

            I feel like they’re being facetious, but it’s getting harder to tell these days.

    • BrianTheeBiscuiteer@lemmy.world
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      21 hours ago

      Disagree. If you earn $1 a year I think you should be paying something in taxes, possibly getting it back (less interest), but you should have skin in the game.

    • Remember_the_tooth@lemmy.world
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      24 hours ago

      It’s for private equity, Sweetie. NEXT!

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