Most of what they own is not private jets and yachts, but means of production, and they should be owned by the capitalists. I should say I am not familiar enough with america to say for sure, perhaps it needs to be a bit higher, but overall it is important that it is not too high. I would say maybe property taxes should be increased to redirect investments from real estate(which lowers housing prices and disincentifises speculation) to more useful things. Corporate taxes should probably be kept reasonably low, and income above 50 per cent at most is definetly too much.
Jeff Bezo’s effective tax rate was somewhere between 1.1% and 0.98% based on some quick searching. Amazon’s ETR was 6.1% for the same period.
I paid an effective tax of 17.4% last year.
Trump just gave Amazon, and Bezo’s, and everyone making 500 Million or more a year a huge tax break. Meanwhile, I will pay about 1200 dollars more. That’s on top of the tax break they got last time he was in office.
So, what’s a fair amount for the richest, most affluent people to pay in taxes, to contribute to the country they live in, the infrastructure they ride on, the airports they land at and the localities that subsidize their workforce?
Most of what they own is not private jets and yachts, but means of production, and they should be owned by the capitalists. I should say I am not familiar enough with america to say for sure, perhaps it needs to be a bit higher, but overall it is important that it is not too high. I would say maybe property taxes should be increased to redirect investments from real estate(which lowers housing prices and disincentifises speculation) to more useful things. Corporate taxes should probably be kept reasonably low, and income above 50 per cent at most is definetly too much.
Well, let me help out here.
Jeff Bezo’s effective tax rate was somewhere between 1.1% and 0.98% based on some quick searching. Amazon’s ETR was 6.1% for the same period.
I paid an effective tax of 17.4% last year.
Trump just gave Amazon, and Bezo’s, and everyone making 500 Million or more a year a huge tax break. Meanwhile, I will pay about 1200 dollars more. That’s on top of the tax break they got last time he was in office.
So, what’s a fair amount for the richest, most affluent people to pay in taxes, to contribute to the country they live in, the infrastructure they ride on, the airports they land at and the localities that subsidize their workforce?
lol. lmao even. Keep making the capitalists richer, if you keep supporting them maybe they’ll let you into the club.