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Re:Modeling a Wealth Tax by cowpig on Tuesday August 18, 2020 @10:30AM (#24198988)
The wealth tax is aimed at the billionaire class.

That class paid less than the working class in taxes last year[1].

[1] https://www.washingtonpost.com/business/2019/10/08/first-tim...

Re:Modeling a Wealth Tax by czbond on Tuesday August 18, 2020 @10:39AM (#24199098)
As a rate - but not as what matters - actual money. I would expect wealthy to pay a smaller percentage. As an example - 1% of $1B = $10M. 30% of $40k = $12k.

They still pay more in actual dollars. Dollars are what people are after here.

Re:Modeling a Wealth Tax by chii on Tuesday August 18, 2020 @11:36AM (#24199951)
using the effective rate is misleading because by absolute amounts they paid more.