Think the US tax brackets should be this instead: 0%: $0-$50,000 10%: $50,001-$150,000 15%: $150,001-$250,000 25%: $250,001-$500,000 35%: $500,001-$1,000,000 45%: $1,000,001-$10,000,000 85%: $10,000,001+
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The problem isn’t the lack of income tax: it is the lack of wealth tax. The people making massive amounts of income are lottery winners, athletes and rock stars. The actually-wealthy are living off money they borrow against capital so they never have to pay tax at all.
aug 8, 2025, 2:02 pm • 0 0 • view