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Topic	Why do 90% of pro-capitalism arguments
g980 01/29/22 4:58:02 AM #125:	BlameAnesthesia posted... Someone who makes a start up and sells for 20 million and then diversifies their wealth in a variety of areas that continue to grow that wealth at a certain %, but otherwise aren't "wage workers" will have low income tax I feel like you are misunderstanding how taxes work. That start up guy will have to pay taxes up front on that $20mil. In that year he will pay far more than any wage worker will. If he pays his $4mil or whatever in taxes that year and decides to live off $30k/yr for the rest of his life, that shouldnt be a problem. He already paid taxes on the rest. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:962173914] in Why do 90%... [t:79873187]...</cite> <quote>BlameAnesthesia posted...</cite> <quote>Someone who makes a start up and sells for 20 million and then diversifies their wealth in a variety of areas that continue to grow that wealth at a certain %, but otherwise aren't "wage workers" will have low income tax</quote> I feel like you are misunderstanding how taxes work. That start up guy will have to pay taxes up front on that $20mil. In that year he will pay far more than any wage worker will. If he pays his $4mil or whatever in taxes that year and decides to live off $30k/yr for the rest of his life, that shouldnt be a problem. He already paid taxes on the rest. --- These old bones live to learn her wanton ways: (I measure time by how a body sways).</quote> ... Copied to Clipboard!
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