This is apples and oranges. Much of net worth was already subject to income tax or estate tax, or will be.
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Replying to @Grange95
I'm not asserting otherwise! All I'm saying is the bottom *half* of Americans pay more in incomes tax as a % of their net worth than top 1%.
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Replying to @ZachWahls
1/ It's a meaningless comparison. Fill in "Half of all Americans pay more for _____ as a % of net worth than top 1%" with *anything*.
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Replying to @Grange95 @ZachWahls
2/ Mortgage. Health care. Soda. Movie tickets. It doesn't tell you anything meaningful.
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Replying to @Grange95
Do you think it's meaningful that top 1% pays like 10x as much income tax as bottom half?
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Replying to @ZachWahls
Do you mean in dollars or as a % rate? If you compare income tax to income tax, it can be meaningful if you know what you're measuring.
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Replying to @Grange95 @ZachWahls
Some countries (eg Norway) have a wealth tax, so that calculation is more meaningful for them
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Replying to @TheDCPope @ZachWahls
Sorry, didn't realize this was a Scandinavian law debate.
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Replying to @Grange95 @ZachWahls
Sorry, didn't realize you have such thin skin
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Replying to @TheDCPope @ZachWahls
Thin skin? Huh?!? I'm not offended. I'm amused you go to great lengths to find a basis to support a blatant non sequitur.
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Just to be clear, original post was about income taxes, not wealth taxes. Income taxes have zero connection to net worth.
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