Re:Modeling a Wealth Tax
by conception on Tuesday August 18, 2020 @10:21AM
(#24198867)
This is not true. Only about 60%ish of Americans pay income tax. While those who do aren’t just the ultra wealthy, certainly not all Americans do.
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Re:Modeling a Wealth Tax
by erichocean on Tuesday August 18, 2020 @11:09AM
(#24199581)
Others have already pointed this out, but you're ignoring Social Security and Medicare which are both income taxes, just pre-allocated to specific government spending programs. 100% of tax payers pay these income taxes, including the self-employed.