US Politics on Yik Yak | Reminder that if we close the tax loopholes the ultra wealthy use to pay less taxes than we do (effective % rate) that we can put a blanket 50% cut on every tax bracket and STILL make an extra $2-4T per year in tax revenue.

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Reminder that if we close the tax loopholes the ultra wealthy use to pay less taxes than we do (effective % rate) that we can put a blanket 50% cut on every tax bracket and STILL make an extra $2-4T per year in tax revenue.

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Anonymous 7w

And yes, there is a capitalism argument for this to happen too. When CEOs are given a $300,000k salary with $30,000,000 in stock options, that’s diluting the value of other stockholders by a cumulative $30,000,000. Not only are they stealing money from shareholders, but they’re stealing it from the govt, bc it’s considered “capital gains”

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