So if I have $100 million in antiques, art work, real estate, etc., and don't work at all, I should pay income taxes?
Wait. What?
You got it right....that is exactly what they are saying
You are so right.
Why is it difficult for so many to understand the difference between income and net worth?
Taxing citizens because they are millionaires would require that we change the federal tax code to tax people’s assets in addition to income.
Journalists obviously can’t differentiate between the two. They don’t understand the difference between bullets and cartridges or revolvers and semi-automatics.