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Topic	Biden admin to investigate leak of Bezos, Musk, and Buffets tax information
EndOfDiscOne 06/09/21 9:03:39 AM #16:	Balrog0 posted... Why is that misleading? They specifically compare the very wealthy to the average American. Unsurprisingly, for most of us our overall wealth and overall tax rate track pretty well. It's only the very wealthy that see a big divergence. Because they made up the term "true tax rate" and people are going to think that ProPublica is an authority on this. No one in the tax industry uses that term, and if they did, they would not use it as a percentage of net worth. They also use Forbes estimates for net worth I believe, which lack substance. At least they're up front about the fact that they have an agenda. Normal people see unrealized gains through increases in value of their home, retirement accounts, and any other investments that they own. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:954806237] in Biden admi... [t:79502830]...</cite> <quote>Balrog0 posted... </cite> <quote>Why is that misleading? They specifically compare the very wealthy to the average American. Unsurprisingly, for most of us our overall wealth and overall tax rate track pretty well. It's only the very wealthy that see a big divergence.</quote>Because they made up the term "true tax rate" and people are going to think that ProPublica is an authority on this. No one in the tax industry uses that term, and if they did, they would not use it as a percentage of net worth. They also use Forbes estimates for net worth I believe, which lack substance. At least they're up front about the fact that they have an agenda. Normal people see unrealized gains through increases in value of their home, retirement accounts, and any other investments that they own. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!</quote> ... Copied to Clipboard!
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