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A comment on Companies and Billionaires. Parent comment
Plug some numbers in and it's ~9.9% effective tax rate not 15%. Extend that from 30 to 300 years and that % keeps dropping.
The numbers are even lower if that initial 1000$ was profit not principle.
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Plug some numbers in and it's ~9.9% effective tax rate not 15%. Extend that from 30 to 300 years and that % keeps dropping.
The numbers are even lower if that initial 1000$ was profit not principle.