Comment by seizethecheese
2 days ago
To me the most egregious is inheritance not being taxed like income. You can get $10m in a year and pay less tax than a working person.
2 days ago
To me the most egregious is inheritance not being taxed like income. You can get $10m in a year and pay less tax than a working person.
Which is why the majority of people in California who work for a living shouldn’t be carrying any water for billionaires or hundred millionaires, you could even extend that down to someone who’s worth 10 million, until you get to that level, you don’t realize how many people over that level have it very easy.
In comparison to the majority of the population, you know the other 99%. That’s right, you heard it right. 99% of the population does not have $10 million free and clear without debt. In other words, if you are still paying off your house you are not in that upper bracket.
Even worse, step up basis! That capital gain may never be taxed
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