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Latest Discussions»General Discussion»In my view, a teacher sho...»Reply #9
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General Discussion

In reply to the discussion: In my view, a teacher should not pay more in income tax than the wealthiest person in the country. [View all]

iemanja

(57,757 posts)
9. An effective rate is based on his income
Reply to former9thward (Reply #7)
Sat Jan 29, 2022, 06:07 PM
Jan 2022

which he doesn't disclose. If you make a billion in a year, $13 million is tiny tax burden. It all depends on his income.

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In my view, a teacher should not pay more in income tax than the wealthiest person in the country. [View all] Uncle Joe Jan 2022 OP
No one who works for a living should pay more. Rate or total amount. FoxNewsSucks Jan 2022 #1
Winner, Winner! GB_RN Jan 2022 #15
Most making less than $40k/year pay no federal income tax. Igel Jan 2022 #25
Guess what BittyJenkins Jan 2022 #2
Musk is paying 13 billion this year in taxes. former9thward Jan 2022 #3
Do you mean his corporation? Uncle Joe Jan 2022 #4
No, his personal bill. former9thward Jan 2022 #6
You're talking about capital gains, not income tax and the other shareholders are paying his bill. Uncle Joe Jan 2022 #8
That is like saying if you sell your home the buyer is paying the capital gains. former9thward Jan 2022 #10
The problem with your analogy is, everybody doesn't own your home. Uncle Joe Jan 2022 #14
When it comes to capital gains all tax payers own your own to use your analogy. former9thward Jan 2022 #23
I don't believe so, currently real estate ownership is much more dispersed. Uncle Joe Jan 2022 #24
What matters is his effective rate iemanja Jan 2022 #5
What is his effective rate? former9thward Jan 2022 #7
An effective rate is based on his income iemanja Jan 2022 #9
He does disclose it. former9thward Jan 2022 #11
The fact that the richest man in the world claims a zero income iemanja Jan 2022 #12
Never comment on a tweet calling out Elon Musk for paying so little in taxes. viva la Jan 2022 #13
Bam Bernie K/R appalachiablue Jan 2022 #16
All for increased tax rates on wealthy, increased capital gains rates, tougher estate tax laws, etc. Hoyt Jan 2022 #17
It's also obscene that my elderly father was murdered during the pandemic Meowmee Jan 2022 #18
The filthy rich pay a smaller percentage then I do on income Farmer-Rick Jan 2022 #19
We should pay teachers like babysitters !!! ... aggiesal Jan 2022 #20
I did the math... BigmanPigman Jan 2022 #21
Certainly not..Even Warren Buffet shares that opinion. whathehell Jan 2022 #22
According to this site. Musk has an income of somewhere between $37k and $54k a year Kaleva Jan 2022 #26
Latest Discussions»General Discussion»In my view, a teacher sho...»Reply #9
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