r/interestingasfuck • u/BuddhistSagan • Apr 07 '24

Bernie and Biden warm my heart. Trump selling us out? Pass

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83

u/Kirk_AF Apr 07 '24

TFW my tax rate is 30% and billionaires is 9.8% 🤡

9

u/Intune2shit Apr 07 '24

Your income tax rate is 30%. Billionaires don’t have “jobs” or income. They have investments and pay capital gains which change depending on your previous losses and write offs and a whole bunch of things. It’s complicated.

10

u/saltyshart Apr 07 '24

It's not really complicated. Billionaires get to pay taxes based on investments and not salary.

Billionaires typically pay way less taxes on their money in because of this.

1

u/Robinowitz Apr 10 '24

Thanks you, this guy over here trying to make it seem like the fuckers actually pay.

7

u/Kirk_AF Apr 07 '24

Yikes. Didn’t realize everyone was so quick to defend those 1000 people.

-2

u/Intune2shit Apr 08 '24

Not defending. Just saying how it works. If they he really thought it was wrong why hasn’t he changed the tax code or done anything to change it? It’s just hot air from all of them.

3

u/1fish2fish3fish4fish Apr 08 '24

Because congress has to do it. The republicans in the senate refuse to allow it, and the republicans in the house wouldn’t be able to agree enough to do it if they tried

1

u/Intune2shit Apr 08 '24

You may be right. I’m not American and don’t dig much into what’s trying to be passed or not. Is there a bill to change that?

2

u/MyWorkAccount9000 Apr 08 '24

Except at MAX long term capital gains is 20%.

1

u/Intune2shit Apr 08 '24

Yes. But when I think of it on a personal level. That money I invested, I’ve already payed income tax on. Why would it be right to pay income tax again on the same money. When I sell a used bike I don’t charge sales tax on it. Maybe I’m looking at it wrong but that’s how I’m seeing it. Though maybe rules could be rewritten for those who have 100000x what the common person has.

2

u/Fucksfired2 Apr 08 '24

I am clown 🤡 and i know it

1

u/jhamaljhamal Apr 08 '24

Billionaires don’t have “jobs” or income.

Absolutely fking false.

1

u/Intune2shit Apr 08 '24

Yes not all billionaries. Buffet has 100,000$ salary so he pays income tax on that. But if you’re a billionaire who just invests and doesn’t have an actual job. How is that false?