345
The salaries of Wikimedia executives are sparking an online debate about tech sector wages
(www.businessinsider.com)
this post was submitted on 14 Dec 2023
345 points (87.4% liked)
Technology
58303 readers
21 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Its pretty easy to explain. You see 400k is where us taxes for a couple is paying the highest rate. It never goes higher no matter how much more you get paid. Those are the people we tax. at 4mil you have your income go into your one man llc and shuffled through various trusts and bussnesses in a varitey of countries so that you pay less tax than someond making 5 figures.
The max bracket starts at $693k for married couples filing jointly. The vast majority of couples making $1M-10M are not running that that income through an LLC and shuffling into trusts and businesses. That definitely happens - not with ordinary income, which is what those tax brackets are for. It predominantly happens with people putting assets in trusts (i.e. stock). There are ways to play games with ordinary income, but it's much, much harder.
yeah I am way out of date. I remember it as roughly 125 and 250. Regardless though a person making millions pays the same top tax rate as a person making hundreds of thousands and we have people who make billions now (well not as a wage which is the other issue)