EVENKEEL raised the issue of the stock market in relation to Trump's election chances. Unless institutions and foreigners are voting, I don't see how their share is relevant to the issue. As for the 75% figure for one thing, there's this: How We Calculated the True Tax Rates of the Wealthiest For the article “Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax,” ProPublica delved deep into the taxes and strategies of the 25 wealthiest people in America. The story’s main finding was that these 25 people saw their worth rise a collective $401 billion from 2014 to 2018 while paying a total of $13.6 billion in federal income taxes. That amounts to what we called a “true tax rate” of 3.4%. https://www.propublica.org/article/how-we-calculated-the-true-tax-rates-of-the-wealthiest?utm_source=chatgpt.com The wealthier you are, the more likely that most of your wealth derives not from income via salary & bonuses but rather from investments. And there are lots of ways to leverage those investments to pay yourself at a rate far lower than income tax would require. For instance, borrowing against assets. There's also the step-up basis for investments. Which means that if an asset such as stocks or real estate passes on to an heir, shoul they sell it, the asset will only be taxed for the increase from the time they inherited it. Not the time it was purchased. I'm sure there's a fair reason why this is the case, but I haven't been bale to figure it out yet.
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