Richest Americans: "You guys pay taxes?"
this post was submitted on 22 May 2024
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Looks like they play the same game there as they do in the US. Get most of their income from investment vs actual salary, and of course the investment is taxed less than regular income.
I will never understand why capital gains should be taxed less than income. It's in itself a statement against the working class.
For the same reason my transportation costs to go to work and my housing costs are not tax deductible. We're not tge protagonists of the story, so, fuck us.
AFAIK Biden has plans to change the long-term capital gains rate to match the ordinary income rate, but I'm not sure of the current status of that.
For what it's worth, people with low incomes (less than $47k) aren't taxed on long-term capital gains at all.
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I hate to admit it but it seems that way. Our social systems, transport, healthcare, etc. were severely degraded by rightwing policies, and now many people voted for an even more rightwing party, as if they are gonna clean up the mess. Fucking idiots.
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Yeah, not like the working classes aren't starved of actual cost of living wages and have to scale back everything in the 'age of subscription fees'. This also isn't limited to NL.🥲
There's only two things I hate in this world:
- Those who are intolerant of other people's culture.
- The Dutch.
Wow, how progressive that they pay anything at all!
It's almost as if rich people are the common denominator in this equation. Substitute this person into a new context and they find a way to exploit the game in that arena.
The answer lies in the hands of the people who make stuff. When we say we are not going to play this game any more rich people are forced to the negotiation table because they have no chance to make any of the stuff, their stock and trade is lies.
The problem is this relies on the people who make stuff making a huge sacrifice on behalf of everyone else. This won't change until everyone else is willing to at least match what rich people can offer to people who make stuff. Unfortunately everyone else are not willing to match this unless people who make stuff can offer a product of equivalent value. Making a product of equivalent value takes time, which gives rich people ample opportunity to offer more than everyone else is willing to.
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Yeah and those 28% they “pay” they probably get back from the irs with some creative number swapping… fuck off they dont pay shit. Meanwhile i have to pay for my electricity twice, one to use it and second time because i also produce it because i have solar panels and dont use it al straight away. fuck off please.
The Dutch equivalent to the IRS, but yes, probably... And that's for a "progressive" country like the Netherlands. For other places this income and tax disparity is potentially* even higher.
I could have said de belastingdienst. But then ppl might think i had a slight stroke :)
Oh and for the progressive? That went out the window a few years ago. We are actually heading in the opposite direction. At least when it comes to drugs, lgbtq and stuff
Fair enough haha, saw someone already struggle with Wageningen B-Series propellers recently. Belastingdienst is a magnitude worse to read/pronounce...
I also meant relatively progressive, as you'll agree it's still better than many other places we consider 1st world.
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Selling surplus production from solar panels have been pretty worthless the past month here too. But that doesn't change that the production I use myself, is very profitable because the transport and taxes are very expensive and those are saved too. The electricity itself is dirt cheap currently, actually most days around zero during daytime. I bet it's similar your place. (I'm in Denmark)
I don't quite understand why you feel cheated, when in fact you are also doing some tax evasion of sorts having solar panels, as you don't have to pay taxes on the electricity you have produced yourself. Are you really whining you can't get above market price for the electricity you sell?
Edit:
OK since I'm downvoted I may be wrong, are you saying you have to pay taxes on the power you use you produced yourself? I find that hard to believe.
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Misleading title. Not incorrect, but it is based on what the source of income is, it is not about how rich you are relative to the rest of the population. The title makes it sound like if you make a certain amount of money, your tax rate is lowered. Alternatively, it sounds like the richest Dutch are evading 12% worth of taxes. But neither of these are true statements AFAIK, and either way they aren't made in the article, so the title is misleading.
Edit: Changed "the top 1%" to "the richest Dutch".
It's still ridiculous that capital is taxed at a lower rate than labor.
Fair point, albeit a different one from the one I was making.
I mean, it seems they want to focus on the outcome not the reason so the title is pretty much on point.
I just copied the title as per the community rules
Oh, I'm not blaming you at all, I'm just commenting on the article
Not misleading, no one misunderstands
This is the same thing we’ve been complaining about in the US:
- tax rate is progressive, to a point, but only for “regular income”
- wealthy pay lower rates by virtue of “different types of wealth/income” that the rest of us really can’t take advantage of.
- also denigrated as “loopholes” to avoid taxes while staying within the law, only available to the wealthy
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Your rich people pay taxes?!?
Lucky.
The Golden rule in action; the one with the gold makes the rules.
"The Unduchables" takes a whole different meaning.
They lobbied to make it happen, us poors haven’t done anything with our 63¢ savings.
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