We pay 12.4% income tax, They (Billionaires) pay 0.0002% income tax?!

Source: Shizzilx

10 Comments

  1. Even the employers are charging US their Tax Rate doubling OURS. What the actual f*ck?!

  2. AdRadiant9379 on

    The billionaires claim they will spend the money better than current government does, but how many of them ran for office and proved it?

  3. Who is “we”?

    I guarantee you pay closer to nothing. The bottom 50% of tax fillers pay nothing whatsoever.

  4. > The employer cost is passed on to the employee

    Lol what? Employees don’t pay their employers.

    I’ll be the first to admit that Social Security is a bad deal for most people, but come on, this is just embarrassing.

  5. Eastern-Joke-7537 on

    The 12.4% income tax rate is for kid’s lemonade stands.

    If SHE is paying that low of a rate, I wanna switch out CPA’s!

  6. ngl that comparison is almost always apples vs oranges
    most people are talking income tax on salary
    billionaires often report very little taxable income
    their wealth is mostly in assets (stocks, companies)
    and those aren’t taxed until they sell
    so it looks like “0.0002%”
    but it’s more like:
    they’re not realizing income the same way
    that said… yeah the system definitely favors capital over wages
    legal ≠ fair is basically the whole debate here
    real issue is how unrealized gains are treated
    this is why you keep seeing proposals to change how the ultra-wealthy are taxed

  7. Disillusioned_Pleb01 on

    Those earning above million admit the system is broken, but they also feel its working OK for then, so why fix what works?

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