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Given that the ultrawealthy tend to make their money from capital gains and go through great efforts to reduce their taxable income, I suspect that your proposa
by mikeash 8y ago
Given that the ultrawealthy tend to make their money from capital gains and go through great efforts to reduce their taxable income, I suspect that your proposal to tax everyone at a flat 20% would actually raise taxes on the ultraweathy, and thus you are among that 75% you’re trying to argue against.