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.
How much tax would you pay if you paid it like billionaires?
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.
You can pay taxes like Warren Buffet - just give all your money to charity like he's doing.
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.
As a tax accountant... This amused me. Great calculator. But, seriously guys.. the tax system is what it is. People have been crying about whatever the existing tax regime is since the beginning of time and will to the end of time. I tell my clients all the time, the best thing in life that can happen to you is you pay more in taxes, because it means you're making more money.
I know a friend who can provide optimization services to equate your tax rate to that of the billionaire's ))) Start providing tax / corporate structure / legal / finance advise from inside the app and then have a lawyer justify your taxes by showing them the tax returns of the billionaires ) People would love it even more.
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 log
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