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by N00bN00b
1699 days ago
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>All of this funny stuff is mostly people trying everything they can to get capital gains instead of income so they can pay a 25% tax rate instead of a 39% tax rate. When you're talking about billions of dollars - 14% is a lot of money. 0.1% doesn't pay 25%. That's well documented. I don't know what the effective rate is, but averaged out over multiple years it's probably somewhere around 5% and then another few % that's spent on avoidance (not taxes). Maybe 10% at most. Just look up Bezos or Musk's tax return. Same with Buffett. |
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