With corporate tax off table, U.S. Democrats turn to billionaires

Re:With corporate tax off table, U.S. Democrats turn to bill... by tschellenbach on Monday October 25, 2021 @12:38PM (#28989891)

The current tax system is weird. If you're poor it's pretty straightforward. If you're middle-class you get hit by weird rules that don't make sense and can end paying a lot of taxes. Some examples are international tax rules and AMT on stock options. When you get very wealthy (IE net worth >25M is required for good wealth/tax management) you end up paying very little taxes.

I'd prefer real solutions to the tax system instead of applying more duct-tape to it.

The same for the climate plans. Any real solution requires an efficient carbon pricing market. Instead we get a subsidy on all electric cars other than Tesla.

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Re:With corporate tax off table, U.S. Democrats turn to bill... by aidenn0 on Monday October 25, 2021 @12:50PM (#28990055)

Why have zero politicians suggested unifying our income tax with qualified dividends/capital gains? It seems like such an obvious move that I must be missing something...

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Re:With corporate tax off table, U.S. Democrats turn to bill... by Freestyler_3 on Monday October 25, 2021 @12:51PM (#28990069)

middle class buys a 500k house, which is more than they have. wealthy people buy a house but it is only a fraction of their wealth. Proportions are different Simple thing as food too, they might eat more expensive but if you look at it they only buy food for 0.01% of their wealth and middle class 10%. (fictional numbers but roughly this is how it is)

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