• Zombiepirate@lemmy.world
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      10 months ago

      I will make it simple for you.

      Elon typically earns 1 dollar per year.

      How much should he pay in taxes on that 1 dollar?

      And I’ll add back in the context that you’re desperate to jettison.

      Let’s look at a situation that resembles the real world:

      Elon Musk earns about $1.5 billion dollars/year with an estimated net worth of about $150 billion.

      The median American income is about $70k/year with an estimated net worth of $193k

      Musk should be taxed at 90% like we did for top earners during the biggest economic expansion in our nation’s history.

      Your point is invalid. High-income earners already pay more in taxes, not only as a percentage but also as a total of their income.

      And that wasn’t my point; you’re trying to change the argument because you know you’re wrong.

      You don’t see the irony in wanting others to pay more but not wanting to pay more yourself.

      I would love for you to point out where I said I wouldn’t be willing to pay more in taxes. This accusation is a confession, it seems.

        • Zombiepirate@lemmy.world
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          10 months ago

          I’m done pretending you’re a serious person arguing seriously.

          Anyone can say “nuh-uh.”

          I also never said wealth was taxed. I said his income should be taxed (in response to your question).

          You’re misrepresenting my argument at every step like you always do. Your sealion question at the end is irrelevant; you have no idea how much I earn, and I’m not here to impress Internet strangers like you seem to be. Bet you’re real close to that billion though if you keep grinding!

          Bet it burns you up that you can’t ban me from here.

        • TheKMAP@lemmynsfw.com
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          10 months ago

          “buy borrow die” is totally income, dude. It’s just not taxed, and step-up basis makes it worse.

          The net worth is used to fund everyday expenses, it is effectively income.

            • TheKMAP@lemmynsfw.com
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              10 months ago

              I wouldn’t be surprised if those loans are repaid without realizing the gain of the collateral. Step-up basis is a huge tax dodge, and tax dodge is theft from all the people who would benefit from the things those taxes could pay for.

              The way the rich use loans as income is unfair. Therefore the rich do not pay their fair share.

                • TheKMAP@lemmynsfw.com
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                  10 months ago

                  If you agree the system is broken I encourage you to reconsider your prior statements about the rich not paying their fair share.

                  Rich people do a variety of shady stuff and keep it hidden (Panama papers), I wouldn’t trust your lack of data points to mean it isn’t a pervasive problem.