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I thought I was giving my kids the best childhood ever until my 4-year-old asked why we didn't own a 'bigger golf cart'
(www.businessinsider.com)
this post was submitted on 01 Sep 2024
251 points (87.9% liked)
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That last sentence is odd. What do you mean should be going to taxes? Sounds like you define wealthy by what taxes they pay. I know the billionaires have lots of loopholes to pay a lower percent, is using those loopholes your deciding factor?
You're talking "should" legally...
I'm talking "should" ethically, but really, they "should" have never made that wealth to begin with.
Well my question was really about what "should" means to you. I have 2 kids, so my effective tax rate is like 25% or something. If I understand things right, the billionaires work things so they have very little taxable income, making thier 35% more like 1% of their actual income. So are you saying if a millionaire still pays thier taxes based on actual income, not using the method that billionaires use to lower their taxable income, then they are paying the taxes that they should pay?