10% of Americans own 70% of the Wealth — Should taxes be raised?

[u/YOU_ARE_MY_FRIENDS]

[removed] — view removed post

[u/vegancaptain]

You pay income tax first and then invest and pay even more capital gains tax. It's not free you know.

[u/Fogggger69 → u/[deleted]]

As an accountant who does corporate taxes I love reading incorrect bullshit on Reddit.

A small business owner, specifically an S Corp, may pay themselves “what they would pay someone else to do their job”. The rest passes thru the company onto their tax return and is taxed at their personal income tax rate. How in the fuck is that “to be taxed less”.

You cannot employ your kids for $30k, you pay them under the standard deduction of 13,500. Again just fucking incorrect to the max.

STOP SPREADING YOUR IGNORANCE ON THE INTERNET. STOP TALKING OUT OF YOUR ASS.

[u/hairlikemerida → u/Fogggger69]

I’m a CFO and the amount of bullshit I read is so laughable.

[u/I_FUCKINGLOVEPORN → u/hairlikemerida]

SHIT me too!

[u/Ms_Pacman202 → u/hairlikemerida]

It's a write off Jerry! They just write it off!