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Topic	Jeff Bezos will move to Florida, cash out billions and then pay less tax than us
action52 02/15/24 6:31:04 PM #52:	AngelsNAirwav3s posted... He is still paying federal capital gains tax, which is 20%. This is one of the ways that the system is rigged. It is absolute bullshit that you can escape the graduated tax system just by getting your money through things you own becoming more valuable rather than actually working for a living. The USA tax system is supposed to tax the rich higher, so they pay up to 50% depending on how wealthy they are. But with capital gains, that goes down to 20% and even worse, it's a flat rate. So someone like Bezos can get a 60% discount on their taxes. Meanwhile middle class people get way less of a tax break, and low income people get no tax break at all. --- "It's tootsin' time." Dustin Hoffman, Tootsie, 1982 <cite>action52 posted [p:978864796] in Jeff Bezos... [t:80697332]...</cite> <quote>AngelsNAirwav3s posted... </cite><quote>He is still paying federal capital gains tax, which is 20%.</quote>This is one of the ways that the system is rigged. It is absolute bullshit that you can escape the graduated tax system just by getting your money through things you own becoming more valuable rather than actually working for a living. The USA tax system is supposed to tax the rich higher, so they pay up to 50% depending on how wealthy they are. But with capital gains, that goes down to 20% and even worse, it's a flat rate. So someone like Bezos can get a 60% discount on their taxes. Meanwhile middle class people get way less of a tax break, and low income people get no tax break at all. --- "It's tootsin' time."Dustin Hoffman, Tootsie, 1982</quote> ... Copied to Clipboard!
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