“Net” is not relevant, nominal tax rate matters, and billionaires are the biggest tax dodgers by far, stop trying to blame poor people and civil servants for your weird hangups.
“Net” is not relevant, nominal tax rate matters, and billionaires are the biggest tax dodgers by far, stop trying to blame poor people and civil servants for your weird hangups.
> “Net” is not relevant
If it's not relevant then just give every government employee a million dollars a year raise, but on the condition that it's taxed at 100%. Then you've raised all the taxes you need and the private sector doesn't need taxing.
> billionaires are the biggest tax dodgers by far
Even if this is true (no evidence cited, of course) they still pay the most tax in terms of dollars, and their businesses generate far, far more tax downstream as well.
> stop trying to blame poor people and civil servants for your weird hangups
I'm not blaming them. I'm just judging them by your standard. Get a better standard, and don't call it my "weird hangup".
A parent of your comment cited a ProPublica study that references real tax return data that showed billionaires paying an effective tax rate in the single digits. If their accumulated wealth were regarded as regular income, they should be paying 37% on most of the gains. Look it up yourself.
If you look at “net” like you want to, sure, they pay far more in tax dollars than pretty much anybody, but they are able to legally dodge paying tax on most of their wealth accumulation because if the way the IRS treats unrealized capital gains.
Imagine doing away with income tax and replace it with a wealth tax payable in whatever wealth you have. % of your house, % of your investments etc