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Re:How to have a billion dollar exit with zero capital gains... by bojangleslover on Tuesday May 10, 2022 @03:16AM (#31324421)
That's just not true. The top 1% pay 33% of the tax (and the top 10%, "upper middle class", pay 70%). I think myth just causes confusion and misplaced anger.
Re:How to have a billion dollar exit with zero capital gains... by panta on Tuesday May 10, 2022 @03:34AM (#31324519)
Yes, but these stats obviously take into account only paid taxes and wealth that remains visible. If you have 50 bn$, of which 1 is kept and taxed locally, and 49 moved through shell companies to offshore tax heavens, you'll still end up as one of the top tax payers, even if you are evading about ~5000%. Obviously this is much harder to do if you earn 200k/year.
Re:How to have a billion dollar exit with zero capital gains... by Thorrez on Tuesday May 10, 2022 @04:07AM (#31324689)
Yes, if the top 1% paid their fair share, they would pay more than 33% of the country's taxes. But nevertheless they do in fact pay 33% of the country's taxes.
Re:How to have a billion dollar exit with zero capital gains... by chii on Tuesday May 10, 2022 @09:32AM (#31326918)
so is not paying more than their per-capita ratio not a fair share? I think 33% for a 1% cohort is quite large.

Why does the relative amount of tax paid against the total networth matter in this instance?

Re:How to have a billion dollar exit with zero capital gains... by Thorrez on Wednesday May 11, 2022 @12:19AM (#31335805)
Would you have someone who's broke and unemployed pay the same amount of tax as a billionaire?

Ideally taxes shouldn't be a large burden to anyone. The richer someone is, the larger absolute amount of taxes that person can pay for the same burden level. In fact, it's not just a fixed percent. The richer someone is, the larger percent of taxes that person can pay for the same burden level.

The rich got to where they are by using the infrastructure built by the government. A rich person gets more value from the government than a poor person, so thus it's fair that a rich person pays more in taxes.

Re:How to have a billion dollar exit with zero capital gains... by _AzMoo on Tuesday May 10, 2022 @03:23AM (#31324465)
What proportion of wealth do they have access to?