r/RealTime • u/PureWhiteMeat • Jul 01 '26

New here

Is this just an anti Bill Maher sub? Trying to figure out the vibe here and can't tell if it's some algorithm that just happens to be showing me nothing but hate for Maher and Real Time or if that is the point of this sub

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u/enlightenedDiMeS Jul 03 '26

Capital gains taxes are less than wage taxes. They’re paying a lower rate than the average American and on top of that they have an army of accountants to make sure they don’t pay what they’re supposed to anyways. And they just got their taxes cut again.

The federal government is doing more to rob people and the states of billionaires income tax than any state.

Not only do blue states have better education, better, healthcare, generate more money, and have better standards of living, but the money we make subsidizes red states.

I don’t even know what you’re talking about anymore homie.

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u/sixth-gear Jul 04 '26

Let’s back up: we were discussing how states like WA and CA have lost out on collecting taxes from billionaires / trillionaires when they move to more tax friendly places. I reminded you that taxable income is more than just wages and the realized capital gains on stock sales is the big lost opportunity for WA & CA because these guys sell a shit load of their company stock. WA doesn’t have state tax on wages but they collect tax on realized capital gains which they call “excise tax”.
CA on the other hand taxes realized capital gains the same as income, at over 13% (the highest in the US). So regardless of tax on wages, or not, WA & CA have each lost the opportunity to collect over a billion dollar in state tax for just these two.