Wealth tax Sanders/Khanna

No, it isn’t. If those entities are following the tax laws, no taxes are being avoided. To say that someone or something is avoiding taxes implies that there is some amount of tax that must or should be paid. The history of our tax laws shows that there isn’t.

I have not done mine yet. I am dreading it. Last year I was just under $100K in fed, state, and payroll taxes. I suspect that I will be over that this year. Since the bottom half don’t pay their fair share, I am in the top 10% wage earners, but I am in the top few % of tax payers. This only maths out because the bottom 50-60% don’t pay their fair share.

We don’t pay payroll taxes, but we do pay federal and state income taxes and IRMAA (a badly disguised income tax). The numbers are escalating quickly.

When my son started his big boy job and got his relocation check he was like “what the fuck”?!? He was expecting $10,000, but after taxes it was under $7,000. That was the day he became a Republican.

As someone new to IRMMA isn’t that what it is?

No, it’s purely income based and have 5 brackets with the extra charges (just like an income tax). I don’t know if there is a direct payment option, but the charges, along with the standard Medicare charges, are withheld from our S/S payments. The brackets are increased each year, just like the income tax brackets.

40-45% of medicare expenses are paid with general tax revenues, most of which come via IRMAA. These will be the brackets for 2026 IRMAA (brackets determined by 2024 MAGI, AGI + tax exempt interest):

The top one percent of income earners make up

And lobbyists control those who create write the tax code.

Hmm… :thinking:…I wonder who pays the lobbyists?

Special interest groups.
Wanna guess who the biggest ones are?

That’s what it looks like, so does NIIT, except IRMMA lags income for a year.

I’ve been a member of NAR and have friends in the USCC.

I always suspected you were full of shit.
What I get when I google USCC

https://www.compostingcouncil.org/

While I think we’ve reached the point on diminished returns with tax cuts, I don’t support this, and besides, $3,000 isn’t even a down payment on a new car so it’s just not worth it

That is a fair enough statement.

That’s a real wake up moment.

:slightly_smiling_face:… As usual, you are mistaken, but I wouldn’t expect you know anything about the world’s largest business organization and I’m sure you are very comfortable wallowing in BS.

The CPA firms. It is well known who does it.

The issue isn’t tax cuts. It is the tax code. They could do a lot of things that would screw the wealthy easily and still be fair.

If you take out a loan to live on then it’s income. That would screw all of the tech guys.