Recession Preparedness Calculator

Maker

How much tax would you pay if you paid it like billionaires? Based on the groundbreaking research from ProPublica and Forbes, this calculator lets you Muskify, Bezosify, Bloombergify, and Buffettify your taxes. To show you how badly in need of reform the American tax system is.

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4yr ago

Jack Gale

@sakshamsharda yeah there has to be a way the tax system needs to be reformed to include wealth tax.

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4yr ago

Aleks Bochkov

Helpdesk by LabiDesk

@sakshamsharda Interesting!

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4yr ago

Kiril Gantchev

@sakshamsharda Why is the tax rate calculated based on their wealth growth not based on their reported income?! I just saw the ProPublica article[1] and this part is really confusing. Is it appropriate to assume that wealth growth (unrealized gains) is the same as income? [1] https://www.propublica.org/artic...

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4yr ago

Shanon Walsh

wait...isn't warren buffet the guy who keeps saying tax the rich more...and yet he pays alsmot no tax?!?!

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4yr ago

Jack Gale

@shanonnnwal exactly!

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4yr ago

Angela Powell

@shanonnnwal @jack_gale2 I'm still not over the buffet reveal. he's a machiavellian par excellence.

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4yr ago

Aeaesh

@shanonnnwal @jack_gale2 @angela_powell1 even Buffet's response in the original ProPublica article is quite 'yeah I don't pay any tax, but I'd like to'. he literally could pay more tax if he wanted, he just doesn't...

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4yr ago

y2340j9g12j309t21rt

Find Your First Frontend Job

@shanonnnwal Most of those ultra-rich guys being pro-taxes is all about them being pro-taxes on the super-wealthy (one level below them) so they won't raise to their level. Kind of all about keeping their position. Most very rich people don't pay taxes so tax increases almost always go after the smaller businesses instead. That's why I believe in low + fair taxes no matter what rich non-tax-payers say.

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4yr ago

Tawina

is this related to Anonymous threatening Elon Musk that they're going to fire at him? The timing of the ProPublica/Forbes article is quite close to the anonymous threat

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4yr ago

William Thomson

There is a specific way to count them based on your income. The more you get paid, the more you pay taxes. I struggled a lot with tax and loan countback when I was working in an office. I’m glad that a good friend of mine told me about tax generators, and ever since then, everything has become way more accessible. I found an incredible pay stub generator after that, and it helped me out. The fact that I won’t need to count anything for anyone is just breathtaking. You can find the generator here https://www.thepaystubs.com/ , and if you are an employee that has to work with loans or taxes, then this generator is just made for you. This generator will help not only office employees but also regular people that have to pay taxes regularly.

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4yr ago

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