In my dreams, we have a flat tax of 30% over all income beyond 40k per year.
And wouldn’t it be neat if, on the tax return form, there was question:
Where would you like your tax dollars to go: • education • military • foreign aid • welfare programs • don’t care, equally distributed
This only would help if they would actually pay taxes at all.
The trick is what to tax when the ultra wealthy base most of their worth on stock.
Yah I don't remember the exact steps, but it involves getting loans with the stocks as collateral to avoid showing an income
With no due respect to these whiny fucking billionaires, good and go fuck yourselves for being petulant children.
For any who things the US ha a progressive tax system. It is ever so carefully regressive.
A few verses the masses. They can suck it up, pull themselves up by their bootstraps, etc.
“My kids, who are 10, 12 and 14, you could tell them, ‘You know what, when you retire you’re gonna get money at 70, not 65.’” he said. “Do you think they’re gonna care?”
Can someone please inform me what is going on ?
It's the first step in a wealth tax. In the future a government "wealth assessor" will inventory everything you own or invest in, make an arbitrary determination of how much its "worth", and then set your taxes. Like property tax but a million times more complex and arbitrary.
Where are you seeing this?
Literally the first paragraph of OPs article: "The plan would impose a 25 percent minimum income tax on anyone worth at least $100 million." I.e. if your asset size is less than a certain threshold it won't affect you. So it will require audits of asset size to accurately tax.
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