Tax details of US super-rich allegedly leaked

That's an unfortunately dismissive way to refer to ProPublica. They're more accomplished than most news rooms: https://en.wikipedia.org/wiki/ProPublica#Awards

Re: Tax details of US super-rich allegedly leaked

#5

Post by 01100011 » Tue, Jun 08, 2021, 9:30 PM UTC

I've seen people complaining that the article is disingenuous because it conflates income taxes with capital gains taxes. My response is 'so what'. When you make above a certain income level, you don't need anymore income and can play around with reinvesting capital gains to push taxes into the future while amassing wealth. Sure, you're not realizing the income, but what you're doing, I think, is gaining power and influence. To me, it makes some sense to tax capital gains the same as income, at least above a certain amount.

Re: Tax details of US super-rich allegedly leaked

#6

Post by emc3 » Tue, Jun 08, 2021, 9:30 PM UTC

vinni2 wrote: post #3

I wonder what people think of Norwegian system where everyone’s tax information is public. https://www.forbes.com/sites/davidnikel/2020/09/04/in-norway...

That question was asked in a thread on the same topic earlier today: https://news.ycombinator.com/item?id=27434929

Re: Tax details of US super-rich allegedly leaked

#7

Post by shoto_io » Tue, Jun 08, 2021, 9:33 PM UTC

"Don't hate the player hate the game," is what comes to my mind.

I would guess it's all legal. It is still good to have transparency, which might potentially change things. I am not so sure though. After all, politicans are usually rich as well.

But: All of these super-rich have probably created many, many jobs. I guess all-in-all it is a positive game for society.

Re: Tax details of US super-rich allegedly leaked

#8

Post by vkou » Tue, Jun 08, 2021, 9:34 PM UTC

shoto_io wrote: post #7

"Don't hate the player hate the game," is what comes to my mind. I would guess it's all legal. It is still good to have transparency, which might potentially change things. I am not so sure though. After all, politicans are usually rich as well. But: All of these super-rich have probably created many, many jobs. I guess all-in-all it is a positive game for society.

> I would guess it's all legal.

When it's all secret, we can't make an informed decision on whether or not it should be legal.

Re: Tax details of US super-rich allegedly leaked

#9

Post by istorical » Tue, Jun 08, 2021, 9:34 PM UTC

shoto_io wrote: post #7

"Don't hate the player hate the game," is what comes to my mind. I would guess it's all legal. It is still good to have transparency, which might potentially change things. I am not so sure though. After all, politicans are usually rich as well. But: All of these super-rich have probably created many, many jobs. I guess all-in-all it is a positive game for society.

I'm sure many serfs felt they same way about the local baron.

Re: Tax details of US super-rich allegedly leaked

#10

Post by chabons » Tue, Jun 08, 2021, 9:34 PM UTC

cheriot wrote: post #4

> The website alleges That's an unfortunately dismissive way to refer to ProPublica. They're more accomplished than most news rooms: https://en.wikipedia.org/wiki/ProPublica#Awards

From the article: "[...] the BBC has not been able to confirm the claims, [...]" I don't see a problem with the word "alleges" in this context, regardless of the pedigree of the publication.