Re:Buy, Borrow, Die – Explained
by zarzavat on Sunday September 01, 2024 @02:40AM
(#41414811)
Usually, wealthy people pay capital gains tax not income tax. People who pay higher rate income tax are just normal people with a larger salary. Not every country works like this however.
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Re:Buy, Borrow, Die – Explained
by johngladtj on Sunday September 01, 2024 @06:12PM
(#41420846)
The net tax rate after subsidies is essentially zero% for the bottom 50% in income terms.