Anthony Bacon on Nostr: the 1% are paid in mostly stock options. which aren’t taxed until they are cashed ...

the 1% are paid in mostly stock options.

which aren’t taxed until they are cashed out, most high net worth individuals don’t cash out.

so when you say “tax the 1%” they mostly don’t have income. which is why they pay less.

they pay the same as everyone else on the income they do take however.

just because someone is worth a billion dollars doesn’t mean the have a taxable income on a billion dollars.