• Hello_there@fedia.io
    link
    fedilink
    arrow-up
    3
    ·
    2 days ago

    Fun lil factoid someone said on a video. An annual wealth tax on super rich could eliminate the federal income tax.

    • azimir@lemmy.ml
      link
      fedilink
      arrow-up
      1
      ·
      1 day ago

      The super rich have over half of the wealth and income.in the US. They also pay an average of under 2% in taxes. We could nearly double the nation’s tax income by just making the super wealthy pay the same as a lower middle class family.