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Income disparity is a thing, but threads like this really only show that people don't understand the tax code. That's ok; it's hard to understand. But rather than start threads about how you don't understand it, maybe lobby your representatives to simplify it, instead.
AMEN to that idea! Trump did make it much simpler for most of us, but we still have a ways to go. I still have to pay a CPA to do mine, and my companies, which is $1,000+/year.
they do have a higher tax rate than 15.8%. Millions of folks between you and Bezos pay a higher rate than you, and a higher rate than 15.8%.
You're doing the "class warfare/envy" angle of focusing on 25 of 180MM tax returns.
The riches 25 Americans have an average of tax rate of 15.8%. Just truth. Any twisting is in vain.
Stating the facts is not "class warfare/envy". Why do you have so much sympathy with "rich people" though, because self-flattering is your daily routine?
It is impossible for millions of folks to pay "a higher rate" than me. I am single, working in IT, and almost using no deductibles except for the standard ones.
apparently, data hasn't been your interest either. Especially when you say something as stupid as "tax the guy who owns 10% of a company more, that way the company can be taxed less."
Apparently, you only want to attack me but have no capability to organize an argument.
Amazon is not the only company in the US. Bezos's actual income (no matter how you calculate it) is also only a small fraction of Amazon's revenue.
if you really made 2x the stimulus cutoff (I'm assuming ALL stim checks going back to May 2020), then you earned more than $208K and you're in the top 5%
I see your real problem is lacking common knowledge.
Here is the rule:
"Americans with income below a certain threshold — $75,000 for individuals, $112,500 for heads of household and $150,000 for couples filing jointly — will each receive $1,400 per person as a direct deposit or mailed check. Households will receive an additional $1,400 for each dependent claimed on their most recent tax filings."
The riches 25 Americans have an average of tax rate of 15.8%. Just truth. Any twisting is in vain.
Stating the facts is not "class warfare/envy". Why do you have so much sympathy with "rich people" though, because self-flattering is your daily routine?
It is impossible for millions of folks to pay "a higher rate" than me. I am single, working in IT, and almost using no deductibles except for the standard ones.
Well then, get married, buy a house, and pop some kids! Just kidding. (not really)
No, not true. You pay capital gains taxes on your income tax return.
Short-term capital gains are treated the same as income. Long-term capital gains are not.
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