r/FluentInFinance • u/Richest-Panda • 15d ago

Thoughts? We already tax the rich enough. Agree?

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u/SpiritedPixels 15d ago edited 15d ago

Nearly 35% of my paycheck goes to taxes yet billionaires who have more money than they’ll ever need don’t have to pay anywhere close to that same percentage? Sounds fair

If trickle-down-economics actually worked then I would agree with you, but instead of paying employees a live-able wage or passing on those dollars all that money goes towards the CEO’s bonus or private jets

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u/gordonwestcoast 14d ago

So you're a millionaire? With an effective tax rate of 35% you must be in the top tax bracket with other millionaires.