The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes and How to Fix It [pdf]

Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ... by satronaut on Friday September 17, 2021 @12:28PM (#28567428)

but the investments generate tax's. If I invest 1 million dollars to hire 10 people at 100,000 $ each, they all pay income tax's. That income tax wouldn't be collected if it weren't for the investment.

* round nubmers ** you'd pay 150,000 usd on a 1 million dollar investment cashout

federal income tax on a salary of 100,000 USD times 10 is 151,040

So the government still gets their tax's (and more if you countother ancillary tax's) AND 10 people have a job

[ Parent | on HN ]

Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ... by mrkurt on Friday September 17, 2021 @12:34PM (#28567516)

Very few business pay salaries out of investment money. And even when they do, it's temporary. If salaries were paid with investments, the investments wouldn't ever become more valuable.

When you buy stock, you're not paying salaries. You're buying ownership of something that has value, generates income, and mostly intends to use that income to pay salaries.

The argument you're making is an argument against corporate income taxes. That's different.

[ Parent | on HN ]