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I'm also not convinced that wealth taxes in the US are constitutional, since wealth isn't income (unlike salaries, dividends, and capital gains), and the Federa
by bhupy 6y ago
I'm also not convinced that wealth taxes in the US are constitutional, since wealth isn't income (unlike salaries, dividends, and capital gains), and the Federal government is explicitly prohibited from direct taxation with the explicit exception of income.
Same reason we don't have a Federal property tax.