Harvard's response to federal government letter demanding changes

Re:Harvard's response to federal government letter demanding... by ajross on Monday April 14, 2025 @11:18PM (#43688690)

You're dodging, and I know you're smart enough to know how this goes. I don't make money with long term stock, I make salary. I pay >>20% tax on that salary. Billionaries make, statistically, zero salary. All their income is on long term gains. All of it. So billionaires pay 20%, and that only if they're dumb enough not to find other shelters.

You're just saying "Well, that's the way the tax code works". I'm saying "The tax code sucks", and your point is non-responsive.

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Re:Harvard's response to federal government letter demanding... by WalterBright on Tuesday April 15, 2025 @02:34AM (#43689639)

You can invest in stocks, too. Over time, it will pay more than your salary.

If you bought a house, and it goes up in value, that increase will be a capital gain taxed at capital gains rates.

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Re:Harvard's response to federal government letter demanding... by ajross on Tuesday April 15, 2025 @07:53AM (#43691470)

So how "over time" do I need to wait until I start paying the same tax rate as a billionaire? Seems like your solution to "the rich pay less tax" is "well, everyone should just be rich then"?

"Let them eat cake" makes for extremely poor federal revenue policy.

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