To: PerConPat
The US government could get several trillion dollars a year via wealth taxation.
It’s possible to get around the constitutional capitation proportionality limitation by setting higher wealth tax rates for poorer states and then allowing a full income tax credit for the higher wealth tax rate amounts.
Mississippi rich folks would pay a higher wealth tax rate on April 14th and have the excess (and maybe a bit more) credited to their April 15th income tax amount.
To: Brian Griffin
LOL...I am going to keep this in mind for when I get my first billion.
11 posted on
05/19/2021 7:34:05 PM PDT by
PerConPat
(A politician is an animal which can sit on a fence and yet keep both ears to the ground - Mencken)
To: Brian Griffin
The US government could get several trillion dollars a year via wealth taxation. Karl Mar approves.
16 posted on
05/19/2021 8:07:34 PM PDT by
E. Pluribus Unum
(Biology is science. Homemade pronouns are narcissism.)
To: Brian Griffin
The US government could get several trillion dollars a year via wealth taxation.
And where does that money come from to pay for the wealth? When most m/b-illionaires have to sell off 5% of their wealth to pay the 10% tax, who's gonna be able to buy all that stuff being sold? Everyone else is already selling their assets to pay the tax, they won't have any cash available. The only people that'll be buying any of this property are gonna be the Chinese!
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