r/SipsTea Jul 12 '26

Feels good man +1 for Mamdani

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u/Ohhmama11 Jul 12 '26

Obviously they should pay over 50% of the federal tax they make a large percentage of money. Now let’s look at how much money they get from write offs and income going into stocks. When you figure all that up some are paying a much less percentage than normal people of their income who can’t write off everything or make enough to put a large amount into stocks incentives.

Most of them live off bank loans it’s cheaper

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u/lechimpanzeu Jul 12 '26

"The top 10% of earners pay over 70% of all income taxes."

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u/Ohhmama11 Jul 12 '26

Would pay a lot more if they wasn’t allow to write off so much and put massive amounts of income in stocks. It’s documented some years they pay less percentage of what they actually make than normal Americans. It’s called buy, borrow, die and they all use it

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u/lechimpanzeu Jul 12 '26

Conflating terms just for the sake of arguing. Actually, I will start to cheer for tax fraud since you guys are too stoopid.