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A comment on We are publishing the tax secrets of the .001%. Parent comment

Re:We are publishing the tax secrets of the .001% by bidirectional on Tuesday June 08, 2021 @11:31AM (#27436502)
How does this effect social mobility? I agree the tax system is unfair towards those in the 1% but not 0.001%, but I don't see how it is so punitive that those earning 500k or owning appreciating assets are taxed back down to a lower social class. And no one reaches those upper echelons by saving their 500k/year or holding their house for a really long time.
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Re:We are publishing the tax secrets of the .001% by lacksconfidence on Tuesday June 08, 2021 @11:59AM (#27436877)
The general idea is average people don't make 500k/yr. What they might do though is have a one time event that earns them 500k in a single year, like selling a small business or a house. In that one year where they finally did well the tax system comes in and hits them even harder with laws intended for someone who makes 500k every year.
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Re:We are publishing the tax secrets of the .001% by paganel on Tuesday June 08, 2021 @02:01PM (#27438655)
Working-class people don’t own small businesses worth hundreds of thousands of dollars, if you’re in that position you’re already middle-class.
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