The original contention I was responding to was that Walmart paying its employees little enough that they require public assistance is effectively a subsidy from the wealthy to the lower classes. My contention is that, while the wealthy may contribute a significant proportion, possibly even in excess of the proportion of the population’s total income that they represent (although this is highly questionable,) the majority of the subsidy would be coming from the middle and upper-middle classes. In this case, the relevance of my comment about money from sources other than long term investments being taxed more times over the same time frame is that long term investments thus represent a lower rate of money being cycled into the government over time.
In what respect? I don’t see how the content of that article differs from the point I made. The article notes that the effective rates are not as low as one lowball estimate suggested, but they’re still much lower than the nominal rate.
The original contention I was responding to was that Walmart paying its employees little enough that they require public assistance is effectively a subsidy from the wealthy to the lower classes. My contention is that, while the wealthy may contribute a significant proportion, possibly even in excess of the proportion of the population’s total income that they represent (although this is highly questionable,) the majority of the subsidy would be coming from the middle and upper-middle classes. In this case, the relevance of my comment about money from sources other than long term investments being taxed more times over the same time frame is that long term investments thus represent a lower rate of money being cycled into the government over time.
As an aside, the U.S. has, by the standards of other countries, high nominal corporate tax rates, but low effective corporate tax rates
Not quite that simple
In what respect? I don’t see how the content of that article differs from the point I made. The article notes that the effective rates are not as low as one lowball estimate suggested, but they’re still much lower than the nominal rate.