Billionaires pay taxes on capital gains, not W2 income.
Which is why the rate would be lower. But the top 50 percent of income earners pay 97% of personal income taxes collected.
Which means the rich pay an enormously disproportionate share of the federal income tax.
Raise the capital gains tax and you slow investment, which slows the economy.
So Unca Joe can't have it any way he wants it. It's just math.
Sir_Christo_of_Black_Mountain /
npub1hj…pxcyk
2024-06-06 01:52:06
in reply to nevent1q…93t5
Author Public Key
npub1hjvt9jkcl4fsxjgtzdh4jgwmhrsl645lhjpuduxrlc5znx85asas5pxcykPublished at
2024-06-06 01:52:06Event JSON
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