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by kasey_junk
1831 days ago
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You could calculate your income tax to wealth ratio though right? The reason it’s important is that these executives are not paid “income”. Their wealth increases because it’s largely in shares of their companies and then they use non (or low) taxable events to get cash to buy their stuff. This sort of activity is not available to people whose only source of cash is income. I’m not sure it’s worth the unintended consequences of changing the tax laws to change this but it’s not poor journalism to point it out and start the conversation. Edit: I just calculated mine and depending on how you value my home it’s between 5-9% for 2020. |
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It's also lazy journalism as it just piggy-backs on top of the illegally-obtained IRS data from ProPublica, and produces all of its quotes from Twitter or other news media sources.