It’s funny because the rich don’t pay taxes.
Most tax programs which apply to capital gains apply to the sell and exchange of the stock. Dividends are also taxed (at least here in the states). So yes, you get taxed no matter what you do unless it’s a net loss
They pay 42% of INCOME taxes, which are only 40% of the annual federal tax receipts. Which means their income tax only amounts to about 17% of the overall tax receipts. Their FICA contributions are capped and they pay no FICA on anything over about $140,000. FICA tax accounts for 25% of overall federal tax receipts. The majority of remaining tax receipts are consumption taxes and property taxes, both of which are regressive and impact lower income citizens more.
https://taxfoundation.org/data/all/federal/us-tax-revenue-by-tax-type-2020/
Taxes from the middle class. Ftfy.
I left a private sector job where I did increasingly evil things for a good amount of money for a public works job where I’m doing something beneficial to society. I have to work a shit-ton of OT to make the same money but the OT is there for the working and I ultimately maybe work a hair more than I used to in my salary position.
I have a public service job.
Can’t afford to live, get shouted at by callers irrelevant to my role each day just cos I am at a phone, can’t work from home despite the whole organisation doing so, higher paid people throw their workload at me cos they don’t want to do it.
Feels no different from when i was in the private sector really.
Can’t afford to live
At what quality of life?
I find it hard to believe you have a public service job that can’t pay for your peanut butter sandwiches and vegetables to stay alive.
Lol damn, God forbid someone want more out of life than scraping by getting basic needs barely met. I’ve been looking around while in school, and plenty of jobs are still paying $15-19/hr. That is barely enough to get by, depending where you live and rent may not even be enough, let alone take a vacation once a year or even think of raising a family.
What do you mean? He used the word ‘need’ and now you’re changing it to ‘wants.’
Why are you conflating needs with wants?
The wording was a tad dramatic.
I can afford to eat. But I can’t afford housing and any enjoyment comes with guilt from knowing itll have a knock on effect to my finances. I’m living with a parent (who similarly struggles to pay bills)
It’s more a case of finding it hard to hit the bills and not being able to see a future where I’m comfortable.
I’d say it’s mostly due to the cost of living rather than the pay. 10 years ago I’d be doing quite well, but the pay grades haven’t changed to meet inflation or accommodate for the high cost of living.
Probably not taxes of the rich, who use havens and methods to avoid paying taxes. It’s the people paying.