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by tomelders
1961 days ago
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Imagine you and I share an apartment and we split the rent between us. It's not a great apartment. There's mould in the bathroom caused by a lack of ventilation. The carpet is a mess. The power keeps cutting out if we plug too many things in. Now imagine I tell the landlord I'm going to move out unless he fixes these issues and he then offers me a 50% discount on the rent. Now imagine he recoups that discount by putting your rent up by the same amount. And now imagine that I use those savings to buy a nice big TV for the two of us. The bathroom is still covered in mould. The carpet is still a mess. The power still cuts out all the time. And you pay more rent than me. But I bought an awesome TV for us. So I'm the good guy right? |
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Remember, all of the talk of billionaires “paying less in taxes than their assistants” is not based on raw collected amounts, it’s based on percentages. A billionaire with an effective federal tax rate of 15% on 50 million income is paying 7.5 million in taxes, which is more than all of the federal tax collected from the bottom 10% of income combined.