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A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by sethammons on Thursday June 24, 2021 @10:42PM (#27626618)
> because x% of a lot of income is a lot bigger than x% of a little income.

If you make $10k a year, vs someone who makes $10M a year, and both are taxed the same, the lower income person loses more purchasing power. At 15%, The hit of $1.5k is a harder loss than than the $1.5M.

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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by boring_twenties on Friday June 25, 2021 @05:34PM (#27636559)
$10k is definitely under the 1.5-2x poverty threshold proposed by the comment you're replying to. Under their proposal, the $10k earner would pay no income tax at all.
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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by sethammons on Friday June 25, 2021 @06:37PM (#27637103)
Numbers for illustrative purposes. A graduated tax is more fair from a purchasing power perspective.
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