3 ms·
Usually, wealthy people pay capital gains tax not income tax. People who pay higher rate income tax are just normal people with a larger salary. Not every count
by zarzavat 2y ago
Usually, wealthy people pay capital gains tax not income tax. People who pay higher rate income tax are just normal people with a larger salary. Not every country works like this however.
- johngladtj 2y agoThe net tax rate after subsidies is essentially zero% for the bottom 50% in income terms.
- jalapenos 2y agoBasically: if you're in the middle, you're lunch.