Chris H-B@chrish-b.bsky.social

@chrish-b.bsky.social

Retired USAF & Mil Intel; IATSE Photographer 300+ Film & TV credits; Bon Vivant, Lover of fine wines, Avid Reader, Sailor, Kayaker & World Traveller. Eagle Scout; Ex-Pat American residing in Canada & US.

If instead of taxing income at 30%–45%, the government applied a 1% to 3% annual tax on total accumulated wealth, models show it would raise about $2.3 trillion to $4.4 trillion over a decade ($230 billion to $440 billion annually). about:home

The wealthiest American's income tax rate is less than 01% for years,because almost all their wealth sits in unrealized stock gains the IRS isn’t able to tax. If they were taxed at 30-50% their investment value the income would still generate more wealth than what is paid in fair taxes

The wealthiest American's income tax rate is less than 01% for years,because almost all their wealth sits in unrealized stock gains the IRS isn’t able to tax. If they were taxed at 30-50% their investment value the income would still generate more wealth than what is paid in fair taxes