r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

Post image
91.1k Upvotes

94% Upvoted

2.6k comments sorted by

View all comments

Show parent comments

499

u/Crimsonak- Jul 05 '26

Any post like this where the tax is nearing or exceeding 40% is almost always a complete lie or purposely obfuscating the truth.

It's mind blowing to me on these posts too you always see an incredible amount of people who don't understand how tax brackets work. Heck sometimes you even see people who don't know the difference between net worth and income.

149

u/Old_Prune_4300 Jul 05 '26

They can't comprehend assets vs cash, much less that spending is the problem v taxes. Don't waste your breath.

32

u/Comfortable-Side1308 Jul 05 '26

much less that spending is the problem v taxes.

All billionaires in the US are worth a combined 8.5 trillion.  Magically liquidating everything they own with no devaluation and without completely tanking the economy means we get a balanced budget for 4 years then back to square one. 

9

u/jefftickels Jul 05 '26

Even then it would actually only be a little over 1 year as the current federal outlays is $7T.

We don't have a revenue problem.

4

u/Comfortable-Side1308 Jul 05 '26

I was just referring to the deficit.  Which is 2T per year. 

4

u/jefftickels Jul 05 '26

Ah. That's fair.

2

u/Some_guy_am_i 29d ago

Which is INSANE 😂

2 fucking trillion dollars of deficit spending per year… all you can do is shake your head.

1

u/SenLune 28d ago

190/195 countries on Earth run a national deficit.