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HolKann's user avatar
HolKann's user avatar
HolKann's user avatar
HolKann
  • Member for 3 years, 8 months
  • Last seen more than a month ago
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If only people with at least $1,000,000 annual income were taxed, what would their tax rate have to be to avoid a drop in income tax revenue?
Tax the rich is pretty valid when the rich do not pay their fair share though. We can debate what is fair, but for me, the current inequality in the US is not. There are countries with way higher taxes and way less inequality, and the rich are not leaving in droves. Pointing to the extreme of communism is a bit of a scare tactic.
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