(12-20-2024, 11:06 AM)TDOSS Wrote:

(12-20-2024, 10:28 AM)The Real Marty Wrote: We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

A more telling figure is the percentage of overall income the rich and poor pay in overall taxes.

You should look at that.

You should have led with that. 
You're right by the way. 
Middle class people pay a higher percentage of their income to taxes than wealthy people do. A newly high income person like a football player will pay a much higher percentage of their income in taxes, but when somebody has been wealthy for a while, they usually figure out accounting tricks that allow them to greatly reduce their taxable income

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