Lots of logical fallacies in that post
Posted on: April 14, 2025 at 13:02:05 CT
sks MU
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The assumpotion that no one would invest if we tax investments males no sense. So if I double my money in 6 years but have to pay tax on my earnings I should not invest? Just makes no sense. Also, the assumption that if you make over $150K/year half your money goes to the government is baloney. May be true in some cases, but most high earners have much lower effective tax rates than I think you realize. Warren Buffet used to point out that his secretary had a higher effective tax rate than he did. Not that much has changed since then.