A Boring Dystopia

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The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax (www.propublica.org)

submitted 4 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] damnedfurry@lemmy.world 0 points 4 months ago* (last edited 4 months ago)

My "true tax rate" is a low single digit number too, if you measure it the same way, and I make ~$50k a year.

It's extremely disingenuous to talk about taxes paid as a percentage of income, and as a percentage of total wealth/net worth, in the same breath, as if they are anywhere near the same thing.

It's also extremely disingenuous to say someone is 'avoiding tax' by not paying tax on their unrealized gains in net worth. He doesn't OWE any tax on that. NOBODY in the US does.

This is like calling someone a draft dodger, who was never drafted, lol.