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A comment on Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea. Parent comment

Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by Negitivefrags on Thursday October 22, 2020 @02:44PM (#24861750)
Perhaps you should have continued reading because then you would have understood his point.

It doesn’t matter what the floor is, you still have to report all your assets to the IRS to prove you don’t meet it.

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Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by adverbly on Thursday October 22, 2020 @03:42PM (#24862502)
In many countries, reporting high value assets is already part of their tax reporting and is not an added step. For countries that don't, the added step could be as simple as a single checkbox: Do you have over 25M in assets? I'd imagine most people can confidently leave that unchecked.
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