Tiptop789 wrote:
I'm talking about the wealth of billionaires. In 2007, Bezos, already a billionaire didn't pay a penny on federal income tax (all perfectly legal). Musk, also a billionaire paid no income tax. Jeez, even Trump paid $750. The 25 richest Americans saw their income increase $408 billion between 2014 to 2018. They paid $13.8 billion in taxes and while a large amount, it's only 3.4%. Even good old Warren Buffet saw his wealth increase $25 billion over this time frame. He reported he paid $25 million in taxes, that's .1%. That's 10 cents for every $100 his wealth increase. Hardly fair considering the tax rate you & I pay (I'm assuming your not a billionaire, don't mean to anger you if you are). So is this fair, I guess it depends on your point of view. It's perfectly legal., they've done nothing illegal.
I'm talking about the wealth of billionaires. In ... (
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The title of this thread is "There is a quick way to reduce inflation and help the poor, but the Democrats won't do it."
Since taxes have come up and you have mentioned this ; please EXPLAIN how raising taxes will lower inflation