These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

    • solstice@lemmy.world
      link
      fedilink
      arrow-up
      2
      arrow-down
      16
      ·
      edit-2
      1 year ago

      37% federal plus 5-10% state, plus additional Medicare tax and 3.8% investment income tax and a bunch of others, not good enough for you? That’s literally approaching 50% what’s your problem?

      • mrnotoriousman@kbin.social
        link
        fedilink
        arrow-up
        15
        ·
        edit-2
        1 year ago

        37% federal means you are in the tax bracket that makes over $578,000/year. You’ll be just fine with several more percentage points added on.

        • solstice@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          1 year ago

          That’s literally exactly what I’m advocating for word for word. Wealth tax bad, income tax good. Income tax rate too low? Crank it up to your hearts content. Glad we agree.

        • solstice@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          9
          ·
          1 year ago

          So then add more percentage points. You don’t need a wealth tax to do that. Income tax is fine.

          • pjhenry1216@kbin.social
            link
            fedilink
            arrow-up
            1
            ·
            1 year ago

            A majority of wealth doesn’t come from income so would never be touched by income tax. A “wealth tax” is just a broad term meaning that they should be taxed on the wealth fairly. Like capital gains for instance is a doozy. Way less taxation than what you likely pay (percentage wise obviously).

            So “wealth tax” would include an income tax, capital tax, estate tax etc, all just at rates that are equivalent to how well the system treats them. They get a much larger advantage off the system that is set up than most others.

            And the ultra wealthy don’t even always have an income. You think Bezos has a salary right now that’s significantly attributing to his wealth? Or Buffet or even Zuckerberg? I forget, his his salary still $1 a year? You want to tax only that?

            • solstice@lemmy.world
              link
              fedilink
              arrow-up
              1
              ·
              1 year ago

              You don’t get it. Unrealized capital gains are just deferred income. It’ll be taxed eventually. Income tax is fine, banish the thought of wealth tax.

              • pjhenry1216@kbin.social
                link
                fedilink
                arrow-up
                1
                ·
                edit-2
                1 year ago

                But they’re literally not counted under income tax law. So you’re essentially arguing for the exact same thing if you want it to count under some sort of tax.

                Edit: short term capital gains is the only one that counts as income. Long term is not and is severely under taxed compared to income tax. Like, I like your intentions, but you’re severely fucking up the details and it details your entire motivation and intentions.

                  • pjhenry1216@kbin.social
                    link
                    fedilink
                    arrow-up
                    1
                    ·
                    1 year ago

                    When your comment backed me up, I didn’t find any reason to respond. Capital gains tax isn’t income tax. You admitted it by typing it out. You’re just showing that “wealth tax” is just a tax on various means of wealth. I don’t know if English isn’t your first language, but you’re literally agreeing with everyone but saying you don’t.

                    No one owes you anything, nor do they owe you a response. Especially when it didn’t back up your own point.

                    Thanks for typing out a lot of words to say “you want taxes other than income.”

                    You never even offered a rebuttal to what I said. You’re a fucking joke.

                    Don’t talk to me again. You’re so unhinged you came back 6 days because someone decided you weren’t worth the fucking time to respond to due to your shitty ass logic and poor understanding of language. So again, capital gains tax is not income tax. You agree. Thanks. You understand that “wealth tax” is just a broad term that means taxes on things other than their income (which in many cases is $1, such as Zuckerberg).

                    You’re not a CPA. If you are? I feel bad for your clients as they’re gonna get fucked in audits.

      • JimmyMcGill@lemmy.world
        link
        fedilink
        arrow-up
        16
        arrow-down
        1
        ·
        1 year ago

        I fail to see the problem with your statement.

        50% when you are Uber rich isn’t even that much. In plenty of countries you have that at a much lower level of income. Perfectly doable and fine

          • JimmyMcGill@lemmy.world
            link
            fedilink
            arrow-up
            10
            arrow-down
            1
            ·
            1 year ago

            Why not both?

            The problem is that once you are super rich you don’t really have an income anymore. You just expand your wealth and you end up paying way less taxes on that.

            This is something that the common mortal can’t even think of.

            • solstice@lemmy.world
              link
              fedilink
              arrow-up
              1
              arrow-down
              11
              ·
              1 year ago

              don’t really have an income anymore

              You’re delusional. High and UHNW individuals also tend to have high income.

              just expand your wealth

              Income expands wealth. Unrealized income will be taxed eventually.

              common mortal

              Thank god you’re here to tell us these things. Did you get your accounting degree from university of american samoa too? Please just stop