It's not "income" from a job, so it's taxed differently and let's them make fun of us plebs for working an honest job.
You don’t understand it’s “lifestyle creep”. First you buy a ps5 then you end up with a 3 yachts and a controlling interest in a media empire. It sneaks up on you.
My mom's exact words: "I am not rich! I have three mortgages!"
Enjoy middle class in the US, pay 40% income taxes, pay taxes on a tiny house that somehow costs 2 million, pay taxes on a car, spend the rest of your income on fuel and car maintenance and end up living paycheck to paycheck.
There is no middle class, just proletariat and bourgeois.
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B-B-but they create jobs they are good people, deserve less tax 🥺
Three billionaires downvoted this! I wonder which 🤔
Who has a billion in income?
Your mom on Friday nights.
💀
Elon, bezos, gates, the usual suspects
None of them have billions in income, net worth isn't income- unless you consider someone who owns a $200,000 house but with a $40,000 a year job having $240,000 income
Billionaires just don't pay taxes. It's not like they have to let anyone know, they just have the tax code written so that their yachts are tax write-off's their private estates are historical landmarks and their private jets qualify for the same fuel subsidies that major airlines get.
Rich people problems
I think the link is broken but I'm upbearing you anyway
Billionaires are taxed though the roof. I don't know what your talking about
YOU don't know what you're talking about.
haa, They hide tax by opening anonymous offshore company in tax havens. Show their own personal property as owned by their company. They keep most of their money in stocks, so they pay a lot less tax than income tax. They donate in shady or bribe NGOs/Welfare Funds to get compensation in tax. and many more.....
Maybe where you live
Their wealth is almost entirely in assets which gets taxed at a much lower rate compared to income, and only when they sell. And don't forget about all the write-off, tax tricks their armies of lawyers and accountants can set up for them. So if you work for your wages then the system is definitely stacked against you.
