|
|
|
|
|
|
by ojbyrne
27 days ago
|
|
|
Why choose the median state tax? The proposed wealth tax is in California, where the top tax rate is 13%. Also relevant would be Medicare (1.45% or 2.35% depending on your employment income) and presumably for billionaires, the Net Investment Income Tax, another 3.8%. I understand why he simplifies things, but it doesn’t really jive with saying politicians don’t understand how taxes work. I think politicians have a better understanding of taxes than Paul does, and they have a better understanding of how politics work - basically as in all things political, if you convince the majority that you’re dumping on minorities (billionaires, immigrants, trans people) you’ll do well. |
|
|
13.3%
> and presumably for billionaires, the Net Investment Income Tax,
NIIT kicks in at 200k, you presumably know this but I thought your comment could be misread as implying it only mattered for billionaires. :P
> I think politicians have a better understanding of taxes than Paul does, and they have a better understanding of how politics work - basically as in all things political, if you convince the majority that you’re dumping on minorities (billionaires, immigrants, trans people) you’ll do well
The author presumably understands this, but it's often more effective to pretend that your opposition is confused then to admit that you believe they are corrupt, unethical, dishonest, and actively trying to perpetrate evil. If nothing else, it gives them a more face saving avenue to course correct. And sometimes they really just didn't know better...