Hacker News Reader

What's secret? Income and capital gains brackets are public knowledge. Is who has the money really that important? If you think income over 100,000 should be taxed higher, you can already use the current brackets as reference(and compare to what other countries use, for example).

View on HN

The tax laws are public, but it's hard for most of us to understand how those laws apply in practice to people whose taxes are radically more complicated than most, and are prepared by the best tax experts money can buy. We also don't know the inputs. I think there is public interest in seeing how the tax code works in practice. I'd wager the results are a lot of different than the average person naively assumes.

> What's secret? Income and capital gains brackets are public knowledge.

That you are speaking about income and capital gains brackets indicates that you don't actually know how the rich hide their money from the tax man.

It, at a first approximation, gets laundered through foundations and into trusts, that they retain control of, but don't really pay either set of taxes on.

Reply on news.ycombinator.com