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Wealth tax, so once someone is done paying ~40%+ of their income in taxes, between federal, state income, sales, vehicle and property tax, and after years or de
by henriquez 7y ago
Wealth tax, so once someone is done paying ~40%+ of their income in taxes, between federal, state income, sales, vehicle and property tax, and after years or decades, they manage to build up $2M (which is just barely enough to retire on), you propose to double-dip and tax what they have left after feeding the government for decades? In my opinion that’s straight up immoral.
- ianleeclark 7y ago2M is far above the median net worth for Americans. If 2M is barely enough to survive on, then maybe Americans ought to tax wealth harder to build up a social safety net capable of taking care of them in their old ages. > In my opinion that’s straight up immoral. In comparison to the bottom 75/90 percent (rough estimate) not being able to survive their retirement.