tag:blogger.com,1999:blog-8515164950093880689.post7867705177492439831..comments2023-08-13T10:32:43.423-05:00Comments on Observations from an Unrepentant Capitalist: Is Our Current Income Tax System Unfair?bryan taylorhttp://www.blogger.com/profile/14827911568160088805noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8515164950093880689.post-57416887810844741232013-04-13T22:12:58.211-05:002013-04-13T22:12:58.211-05:00your income gets taxed directly by the fed and the...your income gets taxed directly by the fed and the state, then you get to pay a sales tax to, then the locality gets a bite with the property tax.... and if you own a corporation you get to pay into Social Security twice! so when your business retires it... well.. yea... sounds like a bit of government milking if you ask me.DietchyPeachhttps://www.blogger.com/profile/06341070806555851939noreply@blogger.comtag:blogger.com,1999:blog-8515164950093880689.post-53785167160365339842013-03-14T20:20:56.433-05:002013-03-14T20:20:56.433-05:00Thanks for checking out the Unrepentant Capitalist...Thanks for checking out the Unrepentant Capitalist.bryan taylorhttps://www.blogger.com/profile/14827911568160088805noreply@blogger.comtag:blogger.com,1999:blog-8515164950093880689.post-91666411486983637342013-02-16T02:13:15.063-06:002013-02-16T02:13:15.063-06:00wow this good but ,I like your post and good pics ...wow this good but ,I like your post and good pics may be any peoples not like because defrent mind all poeple. <a href="http://www.nytaxpreparation.net/for/" rel="nofollow">small business taxes</a><br />Anonymoushttps://www.blogger.com/profile/16671195978168816842noreply@blogger.comtag:blogger.com,1999:blog-8515164950093880689.post-36979105748142240872012-01-25T11:25:05.137-06:002012-01-25T11:25:05.137-06:00Thanks for checking out the blog.
First, the Un...Thanks for checking out the blog. <br /><br />First, the Unrepentant Capitalist is not a tax attorney, nor do I play one on TV. I think the reason his tax rate comes out to 13.9% is due his income being all (or almost all) from capital gains and he made a pretty healthy charitable contribution of $7M during the tax year. He made a total of $21.6M from which the $7M charitable contribution is deducted which gets his taxable income down to $14.6M. If you divide the $3M he paid in income taxes by $14.6M you get an effective rate of 13.9%bryan taylorhttps://www.blogger.com/profile/14827911568160088805noreply@blogger.comtag:blogger.com,1999:blog-8515164950093880689.post-35810213782033071592012-01-24T23:19:56.449-06:002012-01-24T23:19:56.449-06:00What about the 0.01% folks like Romney who only pa...What about the 0.01% folks like Romney who only pay a nominal tax rate of 13.9%?Anonymousnoreply@blogger.com