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All of the serious wealth tax proposals I've seen have a rather high floor. A more practical hypothetical would be a person with 10m other assets worrying being
by rurp 4y ago
All of the serious wealth tax proposals I've seen have a rather high floor. A more practical hypothetical would be a person with 10m other assets worrying being taxed on the gains from their 5th vacation home.
- UncleMeat 4y agoThis hasn't stopped people from complaining about things. My grandparents are constantly complaining about how the inheritance tax is going to prevent them from willing their timeshares to the family. Even if we show them the IRS website they don't believe us when we say it doesn't kick in below $12m.
- rurp 4y agoI've encountered similar cases, though nothing that drastic, and it baffles me. There are plenty of real problems to complain about with the government, why do people go around inventing fake ones?