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Originally Posted by Crawford
It's the same here. The wealthy in the U.S. often pay less than the working class, because investment wealth is taxed lower than income, and because most taxes are flat (state income, user and sales tax are usually all flat).
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In Brazil, several types of investment wealth are not taxed at all, inheritance tax is abysmal low and real estate taxes quite low.
Big money is taxed heavily through companies, whereas the owners, shareholders are not taxed at all. Needless to say companies are not the ones paying the taxes, but the consumers of their goods and services as they're all passed to the final price.
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Originally Posted by MolsonExport
The rich take way, way more out of the system than they put into the system. The systems disproportionately redistributes resources upwards, to the wealthy. The bs about how much, in absolute terms, they pay in taxes, is a red herring. "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." (JK Galbraith)
start with Piketty for an easy read on the subject.
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Exactly. Unlike the liberals (European/Latin American sense) preach, the capitalist system, the rich, are the ones who benefit from the state power, the law and order, the status quo. If the whole system descends into the chaos, all their fortune becomes dust.