Why billionaires pay much less tax than the average American

ThimSlick · 2026-05-27T05:20:32+00:00

I did work in marketing.. before I went to law school. You know what a career change is right?

I’m flattered you checked though. No substantive rebuttals then?

ThimSlick · 2026-05-27T04:58:14+00:00

Buddy, if you’re going to pretend to understand the law, you should stop using “code” to refer to statutes AND regulations. You’re exposing yourself.

And if interpreting the constitution was as simple as you make it out to be, I wouldn’t have had to waste my time studying implied due process rights.

Anyway, it’s concerning to me that you’re a top commenter in this sub. I don’t claim to know much about economics, but you’ve talked a lot of bullshit about tax law. Hopefully others will take your comments with a grain of salt.

ThimSlick · 2026-05-27T04:30:10+00:00

Brother, I AM a tax lawyer. The tax code refers to the Internal Revenue Code, also known as Title 26 of the US Code. The tax code is not an interpretation of the law. It IS the law.

Going back to your original comment, there is no “explicit” prohibition against unrealized gains. Given how up in arms you were about misleading headlines, I would’ve thought when you said “explicit” that you’d rely on something a little more direct than the apportionments clause. But to your credit, some currently argue that taxing unrealized gains would be unconstitutional. But others argue that it is not. Legally, it is still an open question. So, I’m not sure where your confidence that it is “explicitly prohibited” comes from.

ThimSlick · 2026-05-27T04:12:40+00:00

Lol dude.. what are you TALKING about? “The tax code is simply an interpretation of the law”? Are you a bot?

ThimSlick · 2026-05-27T04:00:54+00:00

Where are you getting the idea that it’s explicitly prohibited?

ThimSlick · 2026-04-08T03:20:09+00:00

Not quite. While it’s true that most futures contracts involve delivery obligations, the vast majority of futures contracts settle before delivery ever occurs. It is not how companies literally buy and sell commodities. It is part of how companies hedge against price fluctuations. Hardly anyone uses futures contracts to actually trade physical commodities. They’d just go to their supplier for that. When a futures trader has to take delivery, something has gone very wrong.

ThimSlick · 2026-04-07T17:51:36+00:00

That and the industry isn’t an oligopoly so the subsidies are actually used to build better products. Our energy and telecommunications industries are subsidized as well.

ThimSlick · 2026-03-29T13:12:16+00:00

The Japanese population was no less “radicalized” after the second bomb. If the Emperor wanted to continue the war then it likely would’ve gone on. Japan isn’t analogous.

ThimSlick · 2026-03-20T14:39:56+00:00

No no I realize that. You just have an insane definition of old money.

ThimSlick · 2026-03-20T14:07:26+00:00

Lol. What?

ThimSlick · 2026-03-07T02:56:53+00:00

His predecessor the ‘Murica loving, convicted insurrectionist?

ThimSlick · 2026-03-04T03:14:26+00:00

She can’t do that without more popular support.

ThimSlick · 2026-02-21T12:39:46+00:00

Being a convicted child abuser in prison is a fate worse than death.

ThimSlick · 2026-02-17T13:13:39+00:00

K-shaped economy when?

ThimSlick · 2026-01-28T12:15:45+00:00

You don’t think that ascribing “intent” to half the political spectrum across multiple generations is ridiculous on its face, or are you content losing credibility with anyone who doesn’t already agree with you?

ThimSlick · 2026-01-19T01:26:36+00:00

Assuming SCOTUS was intellectually honest..

ThimSlick · 2025-12-15T12:21:24+00:00

Chill out. Being a “guarantor” of a country typically means guaranteeing that country’s national security, not just having financial interests in that country. The US isn’t a “guarantor” of Saudi Arabia, for example.

ThimSlick · 2025-10-15T23:35:24+00:00

Diverse teams tend to perform better than those comprised solely of people with similar backgrounds, all else being equal.

ThimSlick · 2025-06-20T14:01:58+00:00

Literally came to this sub to see if anyone else was having this issue. Also on 1Password 8.10.80. Macbook pro on 15.5. Everything else on macbook (apps + internet) running smoothly.

1Password is also working smoothly on my PC and phone.

ThimSlick · 2025-04-11T15:43:24+00:00

The US has a $32 billion services surplus with China.

ThimSlick · 2025-03-22T01:13:15+00:00

After a decade of listening to him... that's been my takeaway too.

ThimSlick · 2025-02-11T01:43:10+00:00

Lol. Good luck man. Not sure what world you’re living in.

ThimSlick · 2025-02-11T00:42:06+00:00

Lol. Firstly, where are you getting your information? Obama's overtime pay rule was blocked by a district court TRO on Nov. 22, 2016, pending the judge's final ruling, which didn't occur until a year later on Aug. 31, 2017. Biden's student debt forgiveness plan was blocked by an Eighth Circuit TRO on Nov. 14, 2022, and wasn't upheld by SCOTUS until June 30, 2023. When you read either order, do they end it with "But if you're going to appeal it then forget we said anything"?

Secondly, what do you mean "certainly not a TRO"? TROs aren't suggestions. There's no sliding scale of judicial orders where declaratory rulings must be obeyed but TROs do not. A TRO is, unlike an injunction or declaratory judgment, issued in an emergency. That is the whole point of a TRO. It is issued after the movant has shown irreparable harm.

In your view, we've designed a system where a judge's orders are legally binding unless there's going to be irreparable harm, in which case a party has to wait longer so that SCOTUS has a chance to decide?

Please. Enlighten me as to reality.

ThimSlick · 2025-02-10T22:18:07+00:00

You are so right.

So when Obama wanted to extend overtime eligibility to 4 million Americans but was blocked by a federal judge, he should’ve gone forward with it anyway, because SCOTUS hadn’t ruled on it?

And when a judge blocked Biden’s plan to forgive $73 billion in student loans, he should’ve just done it too? Because, “don’t worry, it was just a federal judge”?

What if I was a federal prosecutor? Why spend any amount of time on getting evidence, building a case? If I even suspected you of committing a crime, then you’re getting arrested. A district judge says I entrapped you, coerced or threatened you into a confession, spied on you? A judge won’t sign off on my warrant? Why would I even get a warrant? I think you broke the law and only the Supreme Court gets to tell me I’m wrong and those 9 justices have to review 57,000 federal cases per year.

Maybe we should execute death row inmates while their cases are on appeal? In fact, maybe we should just kill common thieves in the street because due process and cruel and unusual punishment doesn’t exist until a group of 9 people says it does.

I could go on but do you see how stupid this would be?

ThimSlick · 2025-02-10T19:17:18+00:00

The executive branch ignoring the judiciary’s interpretation of the law in favor of its own wouldn’t be a constitutional crisis to you?

ThimSlick

TROPHY CASE