Warren Buffett and Jamie Dimon wants to pay their fair share of billionaires to Uncle Sam. But one ‘millionaire tax’ probably will affect all the wrong people

America’s most famous investor and Wall Street was the head of the strongest bank clear message For Washington: More information. Warren Buffett and Jamie Dimon, Teos Berkshire Hathaway and JP Morgan chase, respectively, respectively lawyer To increase the fairness and address of taxes due to the rich Burgeoning federal deficiency.

Traditionally traditionally traditionally opposed the rich It was reported to have something A so-called “Millionaires tax“President Donald Trump stressed how the populist appeal was changed by the party. The proposal was moved to help the action against the majority of many famous Republicans, as well as for social security benefits, as well as for public safety benefits extension Provisions in tax discounts and jobs in 2017.

At the same time, Beh Argument, the increase in income taxes, Buffett, Dimon is unlikely to have billionaires Elon muskAnd Jeff Bezos pays more to the government. Because Ultra-rich individuals collect most of the majority of their resources, not more Americans and salaries, but also their investment revenues. Meanwhile Work cut In the audit section of the internal income service and handling Tax evasion can get easier at the beginning of the agency.

In other words, “the taxes of millionaires” are likely to be more bread, doctors, lawyers, professional athletes and mill workers than Musk, Bezos, Buffett and Mark Zuckerberg. In fact, legal strategies can allow them to pay nothing to do anything.

For reference, Bezos, founder AmazonDespite the fact that many billionaire did not pay a percentage in the Federal Income Tax in 2007 and 2011. according to to the analysis of tax returns obtained by Propublicica In 2021. Bezos is now the second most richest person in the world worth $ 195 billion, per Bloomberg billionaires index.

Tesla CEO Elon Musk, who led the road at the net worth $ 304 billion, managed the same Feat in 2018. Propublicica None of the 25 most rich people in the country did not take much taxes for several years as Buffett.

This Orace Omaha himself noted this issue, celebrated this issue, and his secretary was exposed to a lower tax rate than Debbie Bosanek.

Bosanek, a little accidentally turned into a tax inequality in the United States, and in 2011, President Barack Obama proposed the so-called “Buffet rule“By eliminating certain tax benefits and subsidies, the millionaires aims to increase the ride tax rate to 30%. One bill was finally blocked by Philibuster.

‘Millionaire’ tax ‘would not cut

Six State-California, Connecticut, Maine, Massachusetts, New Jersey and New Jersey and New Jersey and New Jersey (Washington DC) – received “millionaire taxes” focusing on revenues. At the highest level at the federal level, 37% apply to individuals that make up at least $ 626,350. The congressed Republicans have said that this ratio has increased by about $ 370,000 to $ 40%.

Currently, it does not affect long-term capital income, which is currently increasing by a high degree of 23.8% because it does not affect proposed dividends and long-term capital earnings. Private capital also benefits from taxation in this proportion maidenIn addition, enterprise capital and hedge-stock managers are also compensatory. Trump said he wanted to close the gap of the federal deficiency of the Assessment of the Congress Budget Office $ 13 billion By 2034.

Some claim that the ultra rich are already exposed to high tax rates. American tax Fabri, Conservative Leaning Center, saying 2024 learn The richest people in the country, home and abroad, as well as accounting for corporate income and property taxes in state and local taxes in the state and local taxes in the country and local taxes in state and local taxes are effective tax rates.

“The Treasury Research is undoubtedly to pay a relatively small amount of income tax, compared to the general wealth of Americans,” said the Tax Fund President Scott Hodge. “However, most governments, foreign and domestic, taxes and enterprises are not revenue and resources.”

A simple “millionaire” tax “is likely to change.

This story was first displayed Fortune.com

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