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Hoyt

(54,770 posts)

7. That's where a robust Estate Tax comes in. Not sure it will raise huge amounts

Reply to PSPS (Reply #5)

Thu Apr 14, 2022, 12:06 AM

Apr 2022

in relation to what we need for healthcare, jobs, education, childcare, etc., but it’s a start. Think some kind of required distribution from stocks, like retired folks have from IRAs and 401ks, would help.

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Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals [View all] Nevilledog Apr 2022 OP

Our own American Oligarchs. BigmanPigman Apr 2022 #1

Obviously, since we don't typically tax paper gains. That should probably change. Hoyt Apr 2022 #2

In spite of the appearances, I would not tax unrealized paper gains. DFW Apr 2022 #4

That won't work. It just guarantees dynasties. PSPS Apr 2022 #5

That's where a robust Estate Tax comes in. Not sure it will raise huge amounts Hoyt Apr 2022 #7

Yes, the MAD idea may work, as long as it's taxed as ordinary income, not capital gains. PSPS Apr 2022 #8

Not sure about an 80% tax rate, especially if unrealized gain, but most definitely more. Hoyt Apr 2022 #9

Tend to agree. But since it is unlikely most Democrats will get it or care, Hoyt Apr 2022 #6

This is why American oligarchs buy elections and the media. Irish_Dem Apr 2022 #3

I just heard a billionaire complaining that rich people pay 80% of taxes and poor people tclambert Apr 2022 #10

"large charitable donations" gulliver Apr 2022 #11