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> Here in Denmark the highest tax bracket applies to almost 10% of the Danish population. The Top 1%, Top 0.01% and billionaires are not taxed more than the Top
by ghouse 7y ago
> Here in Denmark the highest tax bracket applies to almost 10% of the Danish population. The Top 1%, Top 0.01% and billionaires are not taxed more than the Top 10%.
Because in America, the top 0.01% makes their wealth through investment income, which is taxed at a lower rate. So, the top 0.1% pay a considerably lower rate than the balance of the top 1%.