4 ms·
Well, the tax rate for people making (say) more than 2 million / year could just be 50%, and then increase by 10% for every 0 added. $20 million -> 60% $200 m
by disqard 2y ago
Well, the tax rate for people making (say) more than 2 million / year could just be 50%, and then increase by 10% for every 0 added.
$20 million -> 60%
$200 million -> 70%
$2 billion -> 80%
I think that would bring things under control without resorting to extrajudicial means. But apparently, that's completely impossible to achieve in the US, so here we are...
- dgfitz 2y agoAre you aware that wealthy people sometimes employ the act of a “modest” salary and live off collateral loans from their 100s of millions to billions in stock, so as to not pay taxes?