Ben Thomson
Diamond Member
- Aug 13, 2020
- 4,758
- 3,099
If you are a billionaire and pay a lower tax rate than somebody making minimum wage I guess that constitutes you being under taxed...does that answer it?Great now how about an answer?Guess How Much Jeff Bezos & Elon Musk Pay in Income Tax | The Mary SueWhat constitutes over or under taxed for anyone?Poor billionaires are over taxed..waaa. The space race use to be between countries, now it's between billionaires. Goes to show how 'over taxed' they are.So says Bernie Sanders...https://berniesanders.com/issues/tax-extreme-wealth/
He says ..."Will raise an estimated $4.35 trillion over the next decade"
That's $435 billion additional tax revenue per year.
Right now... if the top 1% of US households (164 million households) or 1.64 million earn
$1,700,000 per year and pay right now about 20% of all federal tax revenue.
BUT if Bernie and the majority of the ignorant people on this board have their way...
according to Bernie these "billionaires" will have "cut the wealth of billionaires in half over 15 years,"
Hmmm... so if Bernie has his way and cuts these evil billionaires wealth in half... how will Bernie pay for the next 15 years?
Remember he is counting on these "billionaires" to pay $435 billion a year from their wealth which according to his plan will be reduced every year.
Which means the tax payments will be reduced. It's just simple economics.