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I thought I was giving my kids the best childhood ever until my 4-year-old asked why we didn't own a 'bigger golf cart'
(www.businessinsider.com)
this post was submitted on 01 Sep 2024
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Well my question was really about what "should" means to you. I have 2 kids, so my effective tax rate is like 25% or something. If I understand things right, the billionaires work things so they have very little taxable income, making thier 35% more like 1% of their actual income. So are you saying if a millionaire still pays thier taxes based on actual income, not using the method that billionaires use to lower their taxable income, then they are paying the taxes that they should pay?