Mark Cuban had a one-word verdict on a tax comparison that was going around Bluesky this month: "Misleading. The investor can have no other income of any kind to pay 0 taxes. They can't make more than 50k in TOTAL," he wrote on Sept. 8, quote-posting the account of Americans for Tax Fairness.
The post he was answering had performed well. "A truck driver working 40-hour weeks to make $50,000 a year pays about $3,800 in federal income tax. An 8% rate," it read. "An investor earning the same $50,000 in long-term capital gains pays $0." Americans for Tax Fairness, a campaign run as a project of the New Venture Fund, published it earlier that day. As of Sept. 18, it carried roughly 6,900 likes and 2,400 reposts.
