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Re:Inheriting is becoming nearly as important as working by ok_dad on Saturday March 01, 2025 @03:25PM (#43223298)
I’ve always been in favor of a land tax like the Georgist’s describe.

I still think property taxes on stocks should be a thing. Americans pay income taxes from foreign sources, so why shouldn’t the rich also pay the same for overseas investments? Just close the loopholes with simpler tax laws. That could be like saying it isn’t hard to program some feature into software, though, so perhaps not.

Example: “Thou shalt pay 0% of all income and assets up to 20k, 10% to 50k, …, and 95% on up to 20mm.”

Re:Inheriting is becoming nearly as important as working by throwaway2037 on Sunday March 02, 2025 @05:32AM (#43229114)

    > why shouldn’t the rich also pay the same for overseas investments?
They do. US taxes apply to global income. Can you give a specific example where they do not? Please don't write a lazy reply like "move all their assets to a zero tax location in the Carribean." They are still responsible to pay US taxes for any income derived from those offshore investments.
Re:Inheriting is becoming nearly as important as working by dumah on Sunday March 02, 2025 @09:00AM (#43230561)
Framing this as a personal income tax concern is a bit off the mark.

https://en.m.wikipedia.org/wiki/Base_erosion_and_profit_shif...