alt Hacker News> The big flaw in his argument is that a mere 1% which is actually 20% of annual return is still less than the average income tax rate on workers
This is untrue btw
50% of people in the US pay effectively no net taxes
Replies
blitzar • today at 8:04 PM
> 50% of people in the US pay effectively no net taxes
Billionaires included, defence contracts and corporate subsidies count just as much as food stamps.
No net income taxes.
They still pay payroll taxes, state taxes, sales taxes, and various other state or local taxes and fees.