alt Hacker NewsI think 1% wealth tax should be a replacement for income tax. That way only the wealthy will pay taxes.
Replies
k2enemy • today at 4:00 PM
How do you propose we measure a person's wealth, when wealth is easily hidden? When it needs to be done now, it is usually a years long audit.
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clear-octopus • today at 4:01 PM
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I think that is the glaring hole here - via an insane number of instruments from the various investments, they can reduce their tax liability (fed and state) to be very close to 0%. I believe a main idea of the wealth tax is to get around the insanely complicated tax code w/ all its loopholes.