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Get him a cranberry juice | It depends on how much you make and how you make it. I get taxed about 8% and make about 10-11k a year. It progresses that way where the more you make the more you get taxed. However, there are very little taxes levied on returns from investments (capital gains). For example if you invest in Apple and their stock prices go higher, the money you made off that would not be subject to much taxation.
But yes our tax system is screwed and the rich need to be taxed a lot more. | | |
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