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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 rrrrrrrrrrrryan on Thursday October 22, 2020 @02:53PM (#24861867)
It wouldn't be a burden for most people; it would just be a yes/no checkbox alongside the many other checkboxes when you're filling out your taxes.

"Do you have assets in excess of $X million?"

If you claim you don't, and the IRS has reason to suspect you do, you're opening yourself to a brutal audit and potential jail time.

Most people would not have to deal with this.

[ Parent | on HN ]
Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by davrosthedalek on Thursday October 22, 2020 @03:36PM (#24862442)
Yes, and then the IRS would say, well, to check that, we need more access to all the data in the world. And people will sell it with "so that we can find the criminal rich people". But they will have the data for everybody.
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