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    🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Sunday, 03-Dec-2023 16:52:08 JST🎓 Doc Freemo :jpf: 🇳🇱🎓 Doc Freemo :jpf: 🇳🇱
    in reply to
    • Qasim Rashid, Esq.

    @QasimRashid

    Wow so much misleading data here not sure where to start…

    Billionaire tax rate: 8.2%
    Worker tax rate: 13%

    The billionaire tax rate you site is across the entire family then averaged per person. So a billionaire with 5 new born kids and a wife would show1/7th his real paid tax rate.”

    As if that werent bad enough the worker tax rate is the number as it would be calculated for individual works, not diluted across the family. So clearly this is an intentional cheat.

    How do I know? Because literally the first hit when i google searched it gave those numbers and when investigating the source I found the intentionally misleading nature of it.

    Federal Minimum Wage
    2009: $7.25
    2023: $7.25

    This has two problems.. 1st, you are cmparing an entire persons life worth (including inheretance) and comparing it against someone supposed hourly wage. These arent even remotely comparable or related things.

    On top of that you used the federal minimum wage which is not actually used, anywhere. The states all have their own minimum wage, and they are all above that of the federal minimum wage. So the federal minimum wage you list is literally not the minimum wage used anywhere

    This is a big reason why these sorts of arguments are dismissed by so many people, they are so over the top dishonest and biased people have stopped paying attention to this sort of nonsense.

    In conversation2 years ago from qoto.orgpermalink
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