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Mr. Bacon (tony@clew.lol)'s status on Monday, 26-Aug-2024 23:59:59 JST Mr. Bacon the 1% are paid in mostly stock options.
which aren’t taxed until they are cashed out, most high net worth individuals don’t cash out.
so when you say “tax the 1%” they mostly don’t have income. which is why they pay less.
they pay the same as everyone else on the income they do take however.
just because someone is worth a billion dollars doesn’t mean the have a taxable income on a billion dollars.- Kenny Blankenship likes this.