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Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Fri Apr 15, 2022 10:02 pm
by yankees60
Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes. Tech titans, hedge fund managers and heirs dominate the list, while the likes of Taylor Swift and LeBron James didn’t even make the top 400.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 7:50 am
by dualstow
I’m curious, but I went with a friendlier looking link:
https://projects.propublica.org/america ... -revealed/
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 10:01 am
by yankees60
Yours took you to the same place as mine did.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 12:29 pm
by Xan
yankees60 wrote: ↑Sat Apr 16, 2022 10:01 am
Yours took you to the same place as mine did.
Vinny, I think your link might be a link to your personal email account. It works for you. The rest of us get a login prompt.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 12:35 pm
by yankees60
Xan wrote: ↑Sat Apr 16, 2022 12:29 pm
yankees60 wrote: ↑Sat Apr 16, 2022 10:01 am
Yours took you to the same place as mine did.
Vinny, I think your link might be a link to your personal email account. It works for you. The rest of us get a login prompt.
Wow! Thanks, Xan! That was a major, major, major error on my part. Thanks for bringing it to my attention. I just edited it out of my original post above. Thanks for bringing it to my attention.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 3:11 pm
by Xan
Just read the linked article. It's pretty disingenuous in some places.
When criticizing the "buy, borrow, die" strategy, they have a pretty fair point.
When they categorize charitable giving as a prominent tool for the wealthy to lower their tax burden, that's a borderline lie. Nobody gives to charity for the purposes of lowering their tax burden: you have to give the money away completely in order to avoid the taxes. If your goal were to maximize your net worth, you'd give away $0.
When they talk about the preferential rates for capital gains, it's disingenuous to leave out the fact that the money has already been taxed, when it was initially earned. So having ANY capital gains tax could be seen as unfair.
They also gloss over the fact that when the money comes through a corporation, it gets taxed at the corporate level and again at the personal level.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 4:04 pm
by dualstow
Xan wrote: ↑Sat Apr 16, 2022 3:11 pm
…
When they categorize charitable giving as a prominent tool for the wealthy to lower their tax burden, that's a borderline lie. Nobody gives to charity for the purposes of lowering their tax burden: you have to give the money away completely in order to avoid the taxes. …
I tend to agree although one exception I’ve seen is a company donating in the employee’s name. i believe Bain Capital did this for Mitt Romney: a bonus plus a charitable contribution made in his name. (Not in his honor, but n his name as if he had done it).
Still, a charity got paid. That doesn’t seem bad to me.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 4:12 pm
by dualstow
P.S. While the infographic was mildly interesting, how can I get in on reading Vinny’s email?
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sat Apr 16, 2022 5:21 pm
by boglerdude
He posts just about everything from his email here.
Re: Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes.
Posted: Sun Apr 17, 2022 1:09 pm
by whatchamacallit
MangoMan wrote: ↑Sun Apr 17, 2022 12:40 pm
I'll bet that ^ guy gets lots of dates.
I bet you are right on this.
I am sure he has the needed parasite.
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