/biz/ - Business & Finance

>>55734133
if it were bad, governments would change their tax laws to tax them less

>>55734133
its not bad

>>55734133
Because highest earners pay no tax. They even get sweet government contracts.

>>55734133
You should tax them as much as you possibly can without making them leave. Ideally the world could collaborate to have a minimum wealth tax everywhere, but that’s overly ambitious to ask.

>>55734133

What it mostly accomplishes is that your average joe that works hard at school and at his job, gets them same (or 20% more if he's lucky) than some nigger than works 0 hours a week.

The people raking in billions by scamming everyone and everything, don't pay shit.

All taxation is fraudulent. Your votes are not represented in policies and thus you are a non-citizen. Cease paying immediately or admit to your consensual enslavement. As a consenting slave you can not be principled nor be rich and therefore you have nothing but the chains which you bear proudly. Pride is all you are allowed by your masters but it is, in fact, arriogance.

>>55734133
>Higher earners pay more x

>Explain why this is bad!

See how retarded that is? Why would taxes be different.

>>55734133
Taxation is theft

>>55734511
What if it was renamed "infrastructure assistance fund"?

>>55734133
>they leave

>the actually rich (asset owners) already pay zero to no taxes therefore they have to leech on the high earning, high potential, high iq professional class. This is morally wrong

>high earnings (see how I didnt say rich) didn't inherit their jobs (whether you like it or not)

>it lowers their consumption

>low consumption is less spending

>less spending means less money for businesses

>bad business = less jobs

>progressive taxation usually caps earning potential in advanced economies (see western europe) which makes the economy uncompetitive cause they can't pay enough for global talent

>the government will just use the money to feed niggers in africa or support fat hijabi drag queen classes

>>55734133
do they higher earners use more roads? more public schools? more medical assistance? no it's just a bunch of have nots that are salty and want to take the stuff of the people that are smart, it's no difference than a bunch of beta losers cavemen ganging up on one alpha caveman to steal his food because they couldn't hunt anything themselves, we are pretty much the same we were 100k years ago

the only fair tax is a tax on only the resources and cost to society you create, nothing more
if you can't run a society on that income alone, you've failed

>>55734133
If you want to be a slave, just mone to a communist county!

>>55734736
oh and if doctors and lawyers are smart with their money they leave it onto their kids making each generation richer.

This is unfair, but it ultimately benefits everyone because spending is good.

Also this is why europe fell behind the US in the past 50 years dramatically. People's weath was taxed tf away + it made being entrepeneurial or ambitious in your profession unprofitable. So people just slaved away in their desk job at some government subsidised auto maker.

Progressive taxation is literally just slow communism.

>>55734772
The idea is that you tax those who earn more to achieve the result you just described.

>>55734810
if and only if they use more resources, but the vast majority of the wealthy use fewer resources.
it's the welfare queens that simply aren't paying their fair share.

if you want an unfair taxation system (percentage based, or even worse, differing percentages based on arbitrary steps) expect people to do the moral thing and do everything in their power to avoid them.

>>55734133
broke people like you always think middle class are high earners, so your opinion is discarded, faggot

>>55734915
>Ask a question
>"Your opinion is discarded"

They should ban schizophrenics from posting on the internet. They lower the quality of discussion for those smart enough to retain brain function.

>>55734892
>the vast majority of the wealthy use fewer resources.

Citation needed.

>>55734992
how many wealthy people are on welfare?

It's not inherently bad kek, still those are the ones that usually pay less due to tax evasion and tax paradises, in my case I'm a retard and pay few to no taxes due to living in a 3rd world country where none gives a fuck about crypto, yet I don't think I'll have to pay much even if Arkham gets me to citadel

>>55734133
that's already how percentages work dumbass

>>55734133
Because the government spends like a retard and taxing people who make more and more money punishes them for success. The government should instead tax the shit out of luxury real estate, yachts, top shelf liquor, first class plane tickets, and shit like that. In exchange capital gains tax should be abolished for starters on people who are exclusively citizens of the United States. Property tax on properties with an assessed replacement cost of less than $1 million should abolished again for people exclusively who are citizens of the United States. There's a better way to do the tax system that supports and promotes Americans loyal to the U.S. You should get huge benefits for being a U.S. citizen who brings prosperity to the U.S.

>>55735021
alot of them get free govt funding like elon musk so a lot of them are on welfare

>>55735030
There shouldn't be any tax for income and that stuff, perhaps for public maintenance of spaces such as roads and bullshit like that, but idk

>>55735030
You're a cryptotard, one day they'll have taxes for your taxes kek

>>55734975
You have no way of knowing who is who

>>55735030
Cope
Seethe
Spread
Dilate
Swallow

>>55734133
Tax creep eventually makes hard work worthless. I earn the equivalent of $50k with nights, evenings and weekends and I get taxed 40% on a lot of it. Basically everyone in my country earns $30k whether they like it or not at the end of the day.

Accordingly people are either leaving or just not working,

90 iq fiction
>a billionaire gets paid a salary just like me! if we put the tax rate for highest earners to 50%, he will have to pay $500m and we can fund schools and welfare

reality
>billionaire takes loans on assets, pays 0 in tax
>millionaire is taxed 50%, net income is at comfortable middle class level but no discretionary room to expand and eventually challenge billionaire
>billionaire enjoys pseudo monopolistic positions with fellow billionaires. competition in name only ensures services and products are worse as a result
>poorfags seething at rich people get no school money, no welfare money and worse trinkets
>poorfags seethe twice as hard demanding higher tax rate for "the rich"
>the cycle amplifies

>>55735110
By the way this isn't argentina. It's the UK. I'm a doctor and no-one wants to do the job anymore because of the utterly shit financial reward. So over half of new UK docs each year come from outside of the UK and EU, aka they're replacing workers with the third world.

For some reason hard left people always smugly say people won't leave no matter what financial misery is inflicted on them and they keep saying it as people are evidentially leaving.

>>55735098
Chinese style "social credit" systems should be instated and every social media app should be linked to it.

If a site lets you post anonymously, you should still be forced to sign up first and link it to your social credit account. If you're schizophrenic you shouldn't be allowed to post online.

>>55735172
>people won't leave no matter what financial misery is inflicted on them and they keep saying it as people are evidentially leaving.
I agree, that isn't even remotely true. We're seeing that in the U.S. as well and it's the same deal with the left over here, somewhat on the right as well, but mostly from the left. It's also funny because their point of view is so warped. It's something like this...
>We're totally not racist, but no one would want to live in any of those 3rd world shitholes so we can happily turn the U.S. into an even shittier Soviet Union and no one can do anything about it haha!...Wait...you're actually leaving??? Well, you know the only reason you're doing that is because you have white privilege and if you go, that is the most racist and bigoted move you could ever make!...You're still going??? Okay, then we need to make it illegal to leave the country.
I'm not even exaggerating. That is their thinking completely summed up and the implications of it are disturbing.

>>55734133
You're incentivizing people to earn less instead of more.

>>55734511
Pure truth brother. You deserve what you accept.

>>55735076
>stimulus for people bad
yes that incentivizes nothing
>stimulus for businesses good
yes so wagies can earn the money

back to work wagie

>>55734133
Highest earners are skilled professionals like doctors and lawyers. The truly wealthy borrow on their wealth for a living, they have no income.

>>55734133
>Explain why this is bad.
It's not.

>>55735534
>yes that incentivizes nothing
It incentivizes more spending, retard. It makes perfect sense during a recession.

>>55735418
If that were true, there wouldn't be any billionaires at all.
No one in their right mind is going to pass up making significantly more money just because that extra income will be taxed at a higher bracket.

>>55734133
It’s not necessarily bad, but it’s not realistic because the highest earners have enough money to work around tax loopholes and pay-off politicians.

Once you grow up and realize “oh, ‘higher taxes’ literally just means higher taxes for me and nobody richer than me” you understand things a lot better. They’re not hiring IRS agents to go after the Epsteins, Bezos, Gates Kennedys and Clintons of the world and if you really think so, there’s no point in arguing with you.

>>55734133
Tax brackets denoted in nominal amounts lead to ever more people being included in higher and higher tax brackets due to inflation.
Back in 1950, $500,000 would have been a ludicrous amount of money to have for an average person, nowadays, it's merely a lot. Given enough inflation, it will be merely average, leading to more and more people paying de facto more and more taxes over time.

>>55735761
Yeah actually >>55735592 is correct and there are a few other good posts ITT. Begging for higher taxes is such a cuckold mentality. Young American socialists LARPing like the government is some benevolent being that cares about its citizens — I mean really, how fucking stupid are these people?

>we’ll get all the bad actors out of the government and install only GOOD GUYS who CARE ABOUT PEOPLE! It’ll be just like our Marvel movies!

>>55734133
Tax should be based on how many gov resources you use personally.

>>55734892
Their workforce uses much more resources, without which they couldn't earn hardly anything

>>55734133
This is bad because I’m an uneducated midwesterner and the TV and Ronald Reagan said it’s bad

>>55734339
>gets them same than some nigger than works 0 hours a week
Is this some advanced high brow parlance I'm too esl to understand?

>>55735761
>>55735789
When Elon Musk sells stock, he has to pay income tax
Dont try to jew us, kike

>>55735730
>It incentivizes more spending, retard. It makes perfect sense during a recession.

>waaah inflation is le bad and corporate greed

>>55736272
>having to strawman
Double retard.

Inflation is obviously preferable to a recession, and is mostly under control by now anyway. And corporate greed is good, actually.

>>55734133
>taxing the smart and intelligent people to pay the double-digit IQ plebeians to have more children
no thanks.

>>55734511
I pay taxes because the government will send a swat team to shoot me if I don't, simple as

>>55734739
higher earners do use more of the things you describes. they have employees that use those things dailys. without the boss, no one goes to work and doesnt use the roads. i think what you mean is: you bought an offroad vehicle that can drive over hard terrian and i dont need a smooth road so why am i paying for a road that i dont use? think harder next time lil man!

>>55736934
His contention didn't make sense so I didn't reply.

Why would a wealthy person use the roads less than a poor person? They'd arguably use the road more, as well as more fuel-depleting modes of transport such as planes more often.

>>55735767
Surely they’d just update those nominal values.

>>55734133
It's a punishment for being productive that's why it's bad. If you want to maximize revenue while at the same time maximizing consumption all you have to do is abolish any income tax and put a flat sales tax rate. Poor people buy cheaper shit while rich people buy more expensive stuff each pays his fair share the money flows. It's literally that simple.

>>55734320
t. jealous underachiever wants to steal the wealth of his betters

Tax policy makes more sense when you realize it's not about bringing in revenue for the government. It's just a means of keeping nobodies from gaining enough wealth to challenge the status quo.

>>55734133

it's bad because it penalizes people for pursuing professional career paths that add value to the economy such as doctors or engineers

The actual wealthy (the asset owners) do not pay taxes because they do not report it as "income" in the way that the career people do.

>>55734133
cause taxation is a scam and Gov is the biggest scammer around.

Us Gov actually released SBF and then got Arkham on this Jewish tail trying to lock him up again... Good reward for bounty hunters IMO

>>55734133
you should only be allowed to make a certain amount of money
or better yet just get rid of money

>>55737884
How to become asset owner? Is that just CEO/landlord/business owner?

>>55734133
It discourages entrepreneurship. Why would you try to be better if Jamal McNigger will leech off your gains?

>>55734133
It isn’t.
But Rich always „optimize” their taxes regardless.
They don’t pay enough. But there isn’t going to be any revolution. People live on some type of decent living standard and organizers like Lenin are very rare.

higher WAGE earners

wagies are the ones that get fucked relatively to rich people that own companies, stocks, etc

>>55734133
see >>55734276
taxation, or some way to reduce inherent inflation, is a requirement for fiat to function properly - tax havens create "dead debt" domestically where a smaller money supply is available to service local debt obligations; it always hits lower earners first, but its especially bad for the highest earners that aren't able to reduce or negate their tax burden like billionaires can, since not only are they the target of the highest tax burdens, but they are also ill-equipped to navigate the tax code and reduce their burden without paying a higher portion of their income to get those benefits through tax lawyers and top-class accounting services. it sucks, but it is how it is - the richest and poorest income brackets always benefit the most in social-capitalist societies that run with government-sponsered fiat

gold standard is also not an effective solution, because of obvious transport issues, as well as rehypothecation risk that comes from inevitable second-order assets that "track" gold but aren't gold - money is just a complicated subject in which there has to be predetermined winners and losers when the system is put in place; there's no way around it

>>55734133
they don't. yes you pay more in brackets up to 500k then it's 37% beyond that. but that's only on (((income))), real rich people get 1000 loopholes to avoid paying on the shit that actually makes them rich like property speculation and wall street corruption

>>55736934
If I am earning 250k as a software dev and six floors down from me is a customer service rep earning 50k a year, with the same hours who lives the same distance from work, how would I necessarily use more of the roads, schools and medical assistance than my colleague?
If I earn 5x more than someone I still get the same access to public services for the most part. In many cases I get less - it will be much harder to get government assistance or forgiveness for bad credit. As well as that the quality of the services I get aren't going to be 5x better even though i'm paying 5x at much in the way of taxes - or even more than that if mush mouth communist faggots like you had their way.

>>55734739
absolutely retarded outlook. a jobless retard on food stamps or the average wagie faggot making 50k at some shitty generic office job has infinitely more in common with a highly successful brain surgeon making 500k per year than the brain surgeon has with any billionaire or even a multimillionaire CEO. we are all peasants to the hyperelite banker criminals that control our government, and we are all getting raped by debt slavery and currency debasement no matter what. I personally am doing fine because I live carefully but over 40% of Americans have less than $1,000 to their name and an average debt of 100k per household. the system is broken as shit and you know it

>>55737047
you pay taxes when you fly genius.

>>55734133
high wage earners pay way more tax than anybody else relatively to their total net worth. Rich people that own businesses, stocks,

The entire argument is fundamentally pointless, because the government's spending and debt is simply impossible to actually pay for anyway.
If you and a dozen people you know went to a restaurant and a $500,000 bill came back at the end of it, would you argue over who should cover it? Or would you ask the manager why you've been billed $40,000 for a plate of fish and chips that came out soggy and $150,000 for a round of drinks that never actually came?

>>55738076
Yeah, being upper middle class/lower upper class is really the trap. You don’t make enough to easily get out of the rat race, but you’re taxed as if you’re some kind of billionaire. People will millions in the bank can just draw 3% a year and live off their money. But if your first generation wealth building you’re basically fucked. Basically anything over 100k-1mil is get fucked territory. I’m at the point where it literally doesn’t make much sense to take on more work, I’m already taxed hard as fuck on it and the capital gain would no longer be worth the extra stress. The tax laws in this country seriously need to be updated. 250k is barely upper middle class at this point, yet it’s still taxed like you’re drowning in money. And as you mentioned, you really start to notice how literally nothing you pay in benefits you in any way. The roads are still shit. The workers at the DMV are still cunts. Our healthcare is still outrageously expensive and none of those taxes even goes towards your health insurance, you still get to pay for that too.
The older I get the more blackpilled I am on taxes. A couple years ago, some anon had a pastebin link of all the government agencies, boards, councils, etc created in the last 50-100 years. And it’s genuinely mind blowing seeing a never ending list of government bloat. That’s why I’ll never support higher taxes anymore. It’s all just going to some diversity/equity/inclusion officer, or the board of plastic quality, or whatever made up ass department you can dream of.

>>55737846
I was speaking from the perspective of being the taxer. I don’t believe in morality. Having said that they paid to put those thoughts in your head and unless you’re a billionaire or dynasty member it’s sorta cucked you wasted time defending their piles of gold for any other reason than how it benefits you.

>>55734133
Public works, wealthfare, and all forms of socialized systems would be better served through voluntary exchange. It would foster accountability and incentivize more productivity. Coercion is always wrong and higher taxes never benefit the common man and always get laundered by the political class.

>>55738258
My plan is to move either to SEA or somewhere similarly cheap but cold and avoid all these taxes once I get into mid 6 figures. But my country doesn't have your retarded laws about taxing citizens no matter where they are. If it did i'd look into getting a golden passport for a country with much more reasonable tax laws.

>>55734133
>tfw all my hard earned dollars are used to fund zog

>>55738490
I made a couple million last bullrun and decided to move to SEA. I loved it at first, and some aspects I still do love. But being surrounded by low IQ SEAmonkeys has really started to wear me down. The foreigners here are generally low class and dishonest people too. The law is a joke here and is selectively enforced. Hygiene is a joke and the food is very unclean, I've gotten food poisoning several times already. I don't even eat at street food vendors or wet markets either, I exclusively eat at the nicer establishments. The road system is designed to kill you and is full of meth fueled truck drivers driving as if they're in an F1 race. The people will smile and lie to your face, it's impossible to have an honest conversation. You have no real rights at a foreigner, they just want to extract as much money from you as possible and then get rid of you.

The plus side is that it's very cheap and there's lots of beautiful nature. The women are on average prettier too, but they are hollow on the inside and are useless for anything besides getting fucked.

>>55738490
>>55738588
Yeah, I’ve done the digital nomad thing before, it’s not super easy to just drop everything and move to an entirely new country. Even doing it for short periods of time was quite hard at times. I don’t think I could ever move away from my friends and family 100% of the time like would be required to renounce my US citizenship to avoid taxes.
To the SEA anon, I’d look into southern Europe, a lot of the countries there are getting very expat friendly and it’s a lot easier than living in Asia. I spent quite awhile hopping around Asia and even Japan was hard to acclimate to, the total lack of English speakers in Asia is much harder to deal with than broken English in Europe

>>55738317
>I don’t believe in morality
CRAAAAWLING IIIIN MY SKIIIIN

This thread is depressing. I'm a "higher earner" in the UK with roughly £70k base and paying almost 35% marginal tax rate. With 70k I get:
>no house, I rent a 1 bed flat
>no car
>no wife or children or anyone else dependent on me
>save £1500/mo including pension contribs
>spend £2500/mo most of which is rent & bills
It's incredible how badly we're being fleeced. I'm allegedy in the top 5% of earners and this is what I can afford. I can't buy a house because though I have enough for a down payment, at current rates the mortgage would be too expensive.

>>55734133
Tax is evil, and no one should pay it.

>>55737642
Yet they don't, just like how they don't update the minimum wage. Putting in hard-coded values is never going to be a stable solution, because prices and incomes always fluctuate, and mostly upwards. The government is incentivized to not update them, since it allows companies to pay lower wages, and the government to collect more taxes.

>>55738767
I'm in a similar wage bracket to you (£60k) but I feel I'm in quite a sweet spot in terms of what I actually do (next to nothing) and what I can squirrel away (about £1750 pre tax, and £2600 post). Having a wife helps in situations like ours, we basically live off her pay and invest mine. Getting a 5 year fixed mortgage at 1.79% also helped a lot, gonna pay that shit off once the fixed term is up and then our expenses will be practically nothing. Also we're at the age where inheritance is looming, so you've got that to look forward to if your parents aren't complete shit.

>>55738767
>>55739584
What do you do/how old are you?

Well it's good for me because then I pay less in taxes
>lol no that's not how it works you're naive
yes it is, cope
>but theoretically the government could just not exist and-
theoretically I could fuck your mom, and until the day comes when the government collapses I support people other than me paying taxes

this is one of those we live in a society threads isnt it

>>55738767
>>55739584
>tfw £35k hell
i just can't anymore

it's a simple decision.
no white ethnostate? i'll casually evade taxes as i prepare to leave a county with no future.
white ethnostate? i have no incentive to leave a country with a future thus no incentive to create potential future legal issues by evading taxes.

>>55740027
These is basically my sentiments, I'm not invested in my country one bit, I'd be happier if my boy grew up a Pole or a Croat rather than English in and England I don't recognise. Luckily, we're in an entirely white area, so I've got no qualms about staying until I've got enough investments to live off. If I were from Luton, I'd take a minimum wage job cleaning toilets in Beirut rather than live here.

>>55736891
>I pay taxes because i am afraid the government will send a swat team to shoot me if I don't, simple as
FTFY
They can only pursue 1 in 9 cases that they know about. The IRS recently stopped unnanounced house visits too.
You are only paying out of fear, stupidity and laziness. There are many legal ways to relieve your tax burdens. Learn of them.

>>55735767
I’m working on an income tax rate system that fluctuates with inflation and conditions of the overall economy relating to median taxpayer income and the conditions of the overall economy for the common man.
If the wealthy get wealthier they get taxed earlier in their bracket and the middle class bracket expands so the middle class can keep more money at a lower tax rate.
If the rents and mortgages are high then the bottom bracket expands to give them tax relief.
It’s a bit more of a socialist system but my god we need to give the common taxpayer a tax break and we need to reign in the super wealthy.

>>55734133
They don't just pay more, they pay progressively more.
There's three models:
>True flat tax
Everyone - including niggers - pays 10k a year in taxes
>Fixed percentage
Everyone pays 20% of their income
>Progressive Jewry
A nigger earning 30k has to pay 20% in taxes (6k) and ends up with 24k
A white man earning 50k has to pay 50% in taxes (25k) and ends up with 25k
Tell me what's the best

>>55742029
Taxing income from employment at all is unethical and counterproductive. Society exists because people work (division of labour), useful work is already a contribution to society and an inherent good, it makes no sense to disincentivise an inherently good behaviour by taxing it. It's done purely to prevent social mobility, and the rich justify it by saying productive people need to "pay their fair share".
There should only be land value tax and consumption tax.
Moral justification:
>landowner deprives others of the chance to use the land
>consumer deprives others of the chance to consume the good
Other benefits:
>can't hide land overseas
>easy to assess the value of land
>disincentivises holding land as an investment
>companies can't dodge consumption tax if it's levied at the point of sale and can't charge the consumer for corporation tax if there isn't a corporation tax

>>55742029
You also have to take into account that the actually wealthy generally do not derive their wealth from income, but from other structures like trusts or debt. Income tax in and of itself, just because it taxes income specifically, is a regressive tax, since the poorer one is, the more likely it is that one's income derives from wages.

>>55734133
It's not bad, it's pretty normal.
What the debate is however is what the tax curve should look like. A balancing act to get maximum amount of tax money without too much curbing people's drive to work hard in order to earn more and also benefiting the country.

>>55743081
This
Fuck income tax, fuck inheritance tax, fuck capital gains tax (or as I call it, Cuckold Goy Tax)
I will never pay tax, Monero credit cards now and forever

>>55742705
Georgist anons, report in!

>>55734133
The problem isn't that millionaires don't pay taxes, the problem is billionaires don't.

>>55734133
It's not that's why the government does it for the most part.

Also take a look at blackswan bot. The trading bot uses AI to execute instant trades based on news releases. It helps you to enter positions before the market reacts, whether it's bullish or bearish news. You can specify the events you want to trade on. Their twitter/website has more info on it website blackswan dot biz

>>55743401
I just had a fun idea for a taxation scheme that'd primarily tax consumption, but with a progressive tax rate based on purchase price, so a tax rate e.g. tax on foodstuffs could be 10%, but 200% on superyachts. It'd make more sense than taxing income in the broad sense, because that just leads to the proliferation of creative accounting schemes.
Actually, just taking the transactions price as a parameter wouldn't work due inflation, same as with income tax. Though one could base the tax rate on (not an exact definition)
>[price] / [average income]
Thus one would normalize tax rates against inflation. If, let's say, a house cost $500K, and the average income was $50K, then the parameter into the tax-function would be 10. If the price went up to $1M, but average income only to $75K, then the factor would be 13.[333...], thus increasing taxes on homes. This is disadvantageous to both home-buyers and home-sellers, thus they would both be incentivized to find the market rate in price, meaning seller would try to sell at the lowest still reasonable price, and buyers in general would be incentivized to report more income.
While such a system would be susceptible to the tragedy of the commons in the form of people being assholes on purpose and e.g. demanding inflated prices, or trying to "minimize" taxes, it would at least allow a productive conversation about what price would be fair. As opposed to now, when people wait with baited breath for what "the housing market" will do.
There actually is almost no housing market: people generally move from one house to another; the actual economic value of a house in the economic calculus is more akin to 5-6 tokens (you could maybe imagine them like stars on a 5-star rating system), and the actual price of those tokens is very roughly the ratio of average house price to yearly income.

>>55743401
In dollar-terms, the prices go up or down because people follow the Zestimate™ (other silly metrics are available), which probably has interest rates built into it as a parameter, so it "magically" confirms everyone's fear that "the housing market is crashing" whenever the Fed hikes 25BPs. If nothing else, then, due to auto-correlation with other kinds of portfolio items (stocks, bonds, etc.), what these Zestimate-type indicators measure is their own purchasing power.
So when the "Zestimate" goes up on the assumption that there's going to be "loose money": yes, in the financial markets. Average people won't earn that much more, if at all, and they do not own enough financial assets to afford the higher house prices via the sale of financial assets. It's basically a vicious and vacuous circle, and what it really tends to create is illiquidity in the housing market (if we want to use that term unironically), since less and less people can afford either houses, over even the debt-financed purchases of houses anymore.
But sorry for the digression. Anyway, what do you think about the idea?

So as a result of an injury I only worked 35 hours on the last pay period. I found that per hour I was deducted just under $4 per hour in tax. On a usual pay period I am deducted $15 an hour in tax.
This infuriates me and makes me never want to work a full pay period again.

>>55736260
Elon, Zuckerberg, Bezos and the like will never sell substantial amounts of their stock because it would plummet the price and confidence of the stock, and trigger capital gain taxation. Instead they borrow money using the stocks as collateral. Borrowing does not count as income, and their overall assets far outpace debts.

>>55734133
because high earners already mathematically pay more taxes without even having a higher tax bracket you fucking dumb cunt, no wonder you are poor you coping nigger.

>>55742363
That's not how tax brackets work, retarded poorfag. The white man would pay 20% on the first 30k and any additional income under the 50% bracket. THEN he would pay 50% on the remaining income.

>>55734133
>Explain why this is bad.

Because governments always uses others people's money irresponsibly