5 ms·
Why? Calculating the tax rate as “taxes paid” / “net wealth” is just what the effective wealth tax would be if one existed. This is consistent with advocating f
by md_ 5y ago
Why? Calculating the tax rate as “taxes paid” / “net wealth” is just what the effective wealth tax would be if one existed. This is consistent with advocating for a wealth tax, which, as I noted elsewhere, does in fact exist in other OECD countries than the US.
- fshbbdssbbgdd 5y agoWealth taxes use wealth as the denominator. Propublica uses change in wealth as the denominator.
- md_ 5y agoTrue. I find the denominator chosen to be weird.