4 ms·
The wealth tax is aimed at the billionaire class. That class paid less than the working class in taxes last year[1]. [1] https://www.washingtonpost.com/busine
by cowpig 6y ago
The wealth tax is aimed at the billionaire class.
That class paid less than the working class in taxes last year[1].
[1] https://www.washingtonpost.com/business/2019/10/08/first-time-history-us-billionaires-paid-lower-tax-rate-than-working-class-last-year/ https://www.washingtonpost.com/business/2019/10/08/first-tim...
- czbond 6y agoAs a rate - but not as what matters - actual money. I would expect wealthy to pay a smaller percentage. As an example - 1% of $1B = $10M. 30% of $40k = $12k. They still pay more in actual dollars. Dollars are what people are after here.
- chii 6y agousing the effective rate is misleading because by absolute amounts they paid more.