421
Billionaires should not exist.
(lemmy.world)
cross-posted from: https://lemmy.world/post/13165402
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this post was submitted on 16 Mar 2024
421 points (94.5% liked)
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Also for wealthy people this practically doesnt apply. We have a flat 25% tax on income from financial investments like stocks. So while the engineer at BMW is paying 42% on all his income above 66,000 the Quandts as largest shareholder pay 25% on their roughly 1,000,000,000 dividend they receive every year.
Considering loopholes and tax evasion shemes billionaires are among the least taxed people in Germany.
In the world, but I agree with you, they love when people focus on income tax, takes the spotlight off them while their tax havens avoid all the capital gains tax they should being paying and their lobbyists pay for votes to lower those rates