Billionaire Tax Calculator

How much tax would you pay if you paid it like billionaires?

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How much tax would you pay if you paid it like billionaires?

3 followers

Based on the groundbreaking research from Forbes and ProPublica, this calculator lets you Muskify, Bezosify, Bloombergify, and Buffettify your taxes. To show you how badly the American tax system is broken in favour of the super rich.

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wait...isn't warren buffet the guy who keeps saying tax the rich more...and yet he pays alsmot no tax?!?!

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5yr ago

@shanonnnwal exactly!

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5yr ago

@shanonnnwal @jack_gale2 I'm still not over the buffet reveal. he's a machiavellian par excellence.

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5yr ago

@shanonnnwal @jack_gale2 @angela_powell1 even Buffet's response in the original ProPublica article is quite 'yeah I don't pay any tax, but I'd like to'. he literally could pay more tax if he wanted, he just doesn't...

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5yr ago

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How much tax would you pay if you paid it like billionaires? Based on the groundbreaking research from ProPublica and Forbes, this calculator lets you Muskify, Bezosify, Bloombergify, and Buffettify your taxes. To show you how badly in need of reform the American tax system is.

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5yr ago

@sakshamsharda yeah there has to be a way the tax system needs to be reformed to include wealth tax.

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5yr ago

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@sakshamsharda Interesting!

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5yr ago

@sakshamsharda Why is the tax rate calculated based on their wealth growth not based on their reported income?! I just saw the ProPublica article[1] and this part is really confusing. Is it appropriate to assume that wealth growth (unrealized gains) is the same as income? [1] https://www.propublica.org/artic...

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5yr ago

is this related to Anonymous threatening Elon Musk that they're going to fire at him? The timing of the ProPublica/Forbes article is quite close to the anonymous threat

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5yr ago

This is really strange. The ProPublica article says the "IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year." I had to make a double-take on this. The authors are implying that "wealth growth" and "income" are the same and based on this, they calculate the percentage of income tax they think wealthy people should have paid on their wealth growth!? How is that logical? ?makers

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5yr ago

@kiril_gantchev People don't understand the difference between income and wealth. That accounts for 90% of the problem when you hear people complain about rich people and the tax they pay. I guess your average joe thinks that Bezos should have to sell his company every year to pay the government. Sounds cool if it's Bezos, but what happens when the same rule applies to your Uncle's Restaurant or your internet buddy's startup? Then it seems really unfair all of the sudden.

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5yr ago

Um... Did you have a CPA or anyone with tax knowledge look at this? You're conflating monthly income with appreciation of assets which makes the numbers incorrect by orders of magnitude.

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5yr ago

it's funny how trump's tax returns are still sealed (despite being in legal troubles) whereas those of his rivals are out. makes one wonder whether the other billionaire tax returns were dumped so that when trump's come out no one raises an eyebrow.

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5yr ago

I'm shocked! how trump's tax returns are still sealed whereas those of his rivals are out. makes one ponder whether the opposite billionaire tax returns were dumped.

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5yr ago

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