Yes, the rich pay for the “free” crap that some people want. Most normal people just want the government designed by the founders of the country, minimal and out of our lives. People need to be 100% self sufficient.
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Higher income earners of the middle class, yes. But not millionaires and billionaires. They pay less, if at all. With that amount of money, there are lot more ways to reduce your tax liability… if not completely eliminate it.
Lol, so you just parrot what others said, instead of actually looking into it and learn something? I mean, no wonder that you have no idea how investments work.
As for the "lie", let me give you some examples, i.e. facts:
- Trump paid $750 in 2016/2017 and paid ZERO income taxes in 2020:
Trump Paid $0 In Taxes In 2020—Here’s What To Know About His Tax Returns
Trump paid $0 in federal taxes in 2020 and reported a $4.8 million loss.
www.forbes.com
- Warren Buffet had an effective income tax rate of 0.1% from 2014 to 2018 and currently pays around 17.4%:
Warren Buffett's Surprising Stance on Billionaire Taxes: What It Means for You
Buffet's recent statements underscore his long-standing advocacy for tax, emphasizing that billionaires and large corporations should pay more to support the federal budget.
Apparently, you are also not familiar with Warren Buffet, otherwise, you would know his famous quote: he pays LESS taxes (17.4%) than his secretary (35.8%). He's also famous for advocating to fix the tax code so that wealthy people (him included) actually pay what they are supposed to pay. It's all right there in the article, but this should be common knowledge.
No worries, you will never make that amount of money where you can reduce your tax liability to such an extent. Just know that most wealthy people do...
The press just lies about everything and cannot be trusted. The press has been known to produce lies and continues to do so because they reference the lies parroted by another person, so they seem like they are telling the truth. Reality is quite hard for the press in the last decade. I do not care about making a lot of money, just enough to pay my bills. Striving to make more money than what is needed is utterly childish and irresponsible.Lol, so you just parrot what others said, instead of actually looking into it and learn something? I mean, no wonder that you have no idea how investments work.
As for the "lie", let me give you some examples, i.e. facts:
- Trump paid $750 in 2016/2017 and paid ZERO income taxes in 2020:
Trump Paid $0 In Taxes In 2020—Here’s What To Know About His Tax Returns
Trump paid $0 in federal taxes in 2020 and reported a $4.8 million loss.
- Warren Buffet had an effective income tax rate of 0.1% from 2014 to 2018 and currently pays around 17.4%:
Warren Buffett's Surprising Stance on Billionaire Taxes: What It Means for You
Buffet's recent statements underscore his long-standing advocacy for tax, emphasizing that billionaires and large corporations should pay more to support the federal budget.www.investopedia.com
Apparently, you are also not familiar with Warren Buffet, otherwise, you would know his famous quote: he pays LESS taxes (17.4%) than his secretary (35.8%). He's also famous for advocating to fix the tax code so that wealthy people (him included) actually pay what they are supposed to pay. It's all right there in the article, but this should be common knowledge.
No worries, you will never make that amount of money where you can reduce your tax liability to such an extent. Just know that most wealthy people do...
I look forward to seeing the roads, cancer treatments, and fusion energy reactors you will create on your own...
Private industry would do a better job, always.
Criminally late? What law (federal, state or local) has it broken? Hyperbolic statements like this are just silly.