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Latest Discussions»General Discussion»Wealthiest Americans pay ...»Reply #8
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General Discussion

In reply to the discussion: Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals [View all]

PSPS

(15,184 posts)
8. Yes, the MAD idea may work, as long as it's taxed as ordinary income, not capital gains.
Reply to Hoyt (Reply #7)
Thu Apr 14, 2022, 12:19 AM
Apr 2022

Also, the top tax bracket rate should be at least double what it is now.

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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
Latest Discussions»General Discussion»Wealthiest Americans pay ...»Reply #8
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