Re:I wish GPT4 had never happened
by vc8f6vVV on Saturday April 08, 2023 @04:50PM
(#35497488)
> And then neither them or corporation gets taxes nowhere close to what the normal employee is
How did you figure that? Corporate tax rate in the US is 21% which is roughly equivalent to an effective tax for a single filer with about $180K in income. Can't say we are talking about "normal employee" here. Besides if you are talking about dividends (which are distributed _after_ 21%), there is a dividend tax on top of that, which, depending on your share class, can be the same as a normal tax rate. So yeah, nowhere close, usually +21% for the preferred stock.
Also don't fall to that communist idea. I grew up in the USSR where we had a "fair" distribution (no, it wasn't fair) -- trust me, you don't want to live in that world. There were some upsides, but still, and it didn't end up well.
How did you figure that? Corporate tax rate in the US is 21% which is roughly equivalent to an effective tax for a single filer with about $180K in income. Can't say we are talking about "normal employee" here. Besides if you are talking about dividends (which are distributed _after_ 21%), there is a dividend tax on top of that, which, depending on your share class, can be the same as a normal tax rate. So yeah, nowhere close, usually +21% for the preferred stock.
Also don't fall to that communist idea. I grew up in the USSR where we had a "fair" distribution (no, it wasn't fair) -- trust me, you don't want to live in that world. There were some upsides, but still, and it didn't end up well.