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I agree with what you wrote but your opening statement could use some nuance. What portion of taxpayers don't pay tax because they make too little compared to
by rickydroll 2y ago
I agree with what you wrote but your opening statement could use some nuance.
What portion of taxpayers don't pay tax because they make too little compared to those using tax avoidance schemes not to pay tax?
Of the top 50%, what does the tax vs income chart look like?
As income rises, where does spending money come from? Wages, CC, selling stocks/bonds, loans backed by assets (stocks, bonds, etc)
This info could help refine where taxes should go. I have come to accept that a wealth tax would be a good tax to have. I came to this by playing around with the simplistic model at the end of the pudding article linked to below. It approximates the impact of a wealth tax.
https://pudding.cool/2022/12/yard-sale/ https://pudding.cool/2022/12/yard-sale/