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Topic	Jeff Bezos will move to Florida, cash out billions and then pay less tax than us
AngelsNAirwav3s 02/15/24 6:47:27 PM #54:	action52 posted... 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. Its not a flat rate: https://gamefaqs.gamespot.com/a/forum/f/ff795f07.png Short term capital gains (if buy/sell stock within a year) then you are taxed at the same rate as your regular income: https://gamefaqs.gamespot.com/a/forum/4/48d49a37.png --- Hello world! <cite>AngelsNAirwav3s posted [p:978865146] in Jeff Bezos... [t:80697332]...</cite> <quote>action52 posted... </cite><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.</quote>Its not a flat rate:https://gamefaqs.gamespot.com/a/forum/f/ff795f07.pngShort term capital gains (if buy/sell stock within a year) then you are taxed at the same rate as your regular income:https://gamefaqs.gamespot.com/a/forum/4/48d49a37.png --- Hello world!</quote> ... Copied to Clipboard!
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