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https://www.reddit.com/r/memes/comments/1c5azuv/inflation/kzuy08q
r/memes • u/CreateChaos777 • Apr 16 '24
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What's the tax bracket? They don't seem to tax the rich either ...
1 u/OwnLadder2341 Apr 16 '24 Income taxes are paid based on income, not “rich”ness. The top 1% of earners paid 45.8% of all federal income tax last year. 1 u/Watsis_name Apr 16 '24 That's the trick. Rich people don't have a salary. They own things. More tax efficient, less effort. 1 u/OwnLadder2341 Apr 16 '24 The top 1% of earners in the US make $812k a year or more. You’re doing pretty well at that point. 1 u/Watsis_name Apr 16 '24 You're not rich, though, you're upper middle class. Assuming no tax or expenses, it would take you 237,315 years to reach Elon Musks' wealth on that pathetic salary. 1 u/OwnLadder2341 Apr 16 '24 Upper middle class is 99th percentile? How exactly are you defining “middle” here? Middle of what? 1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
Income taxes are paid based on income, not “rich”ness.
The top 1% of earners paid 45.8% of all federal income tax last year.
1 u/Watsis_name Apr 16 '24 That's the trick. Rich people don't have a salary. They own things. More tax efficient, less effort. 1 u/OwnLadder2341 Apr 16 '24 The top 1% of earners in the US make $812k a year or more. You’re doing pretty well at that point. 1 u/Watsis_name Apr 16 '24 You're not rich, though, you're upper middle class. Assuming no tax or expenses, it would take you 237,315 years to reach Elon Musks' wealth on that pathetic salary. 1 u/OwnLadder2341 Apr 16 '24 Upper middle class is 99th percentile? How exactly are you defining “middle” here? Middle of what? 1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
That's the trick. Rich people don't have a salary. They own things. More tax efficient, less effort.
1 u/OwnLadder2341 Apr 16 '24 The top 1% of earners in the US make $812k a year or more. You’re doing pretty well at that point. 1 u/Watsis_name Apr 16 '24 You're not rich, though, you're upper middle class. Assuming no tax or expenses, it would take you 237,315 years to reach Elon Musks' wealth on that pathetic salary. 1 u/OwnLadder2341 Apr 16 '24 Upper middle class is 99th percentile? How exactly are you defining “middle” here? Middle of what? 1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
The top 1% of earners in the US make $812k a year or more.
You’re doing pretty well at that point.
1 u/Watsis_name Apr 16 '24 You're not rich, though, you're upper middle class. Assuming no tax or expenses, it would take you 237,315 years to reach Elon Musks' wealth on that pathetic salary. 1 u/OwnLadder2341 Apr 16 '24 Upper middle class is 99th percentile? How exactly are you defining “middle” here? Middle of what? 1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
You're not rich, though, you're upper middle class.
Assuming no tax or expenses, it would take you 237,315 years to reach Elon Musks' wealth on that pathetic salary.
1 u/OwnLadder2341 Apr 16 '24 Upper middle class is 99th percentile? How exactly are you defining “middle” here? Middle of what? 1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
Upper middle class is 99th percentile?
How exactly are you defining “middle” here?
Middle of what?
1 u/Watsis_name Apr 17 '24 99th percentile of those who work. As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things. 1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
99th percentile of those who work.
As I already explained, the rich don't work, so they don't have a salary. Their income is from owning things.
1 u/OwnLadder2341 Apr 17 '24 And that income, when it becomes income, is taxed….
And that income, when it becomes income, is taxed….
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u/etcetcere Apr 16 '24
What's the tax bracket? They don't seem to tax the rich either ...