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[–] 1 point 1 hour ago (3 children)

That would backfire considerably for the average people...

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  • [–] 1 point 1 hour ago (2 children)

    Why? Average people haven't hoarded sufficient wealth for taxing, so what's the backfire

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  • [–] 1 point 33 minutes ago (1 child)

    You didn't specify that you wanted to tqx wealth above a given level... You just stated you want to roll income and wealth tax into one. That would apply to everyone...

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  • [–] 1 point 17 minutes ago*

    Alrighty, here goes -

    Taxes on annual income -

    0 upto 1st quartile of the distribution

    5% on part 1st quartile to median

    10% on part median to 90%ile

    20% on part 90%ile to 99%ile

    40% on part 99%ile up

    Taxes each year on wealth -

    0 upto 50M USD

    1% on part 50M to 100M USD

    2% on part 100M to 200M USD

    3% on part 200M to 400M USD

    4% on part 400M to 800M USD

    5% on part 800M to 1.6B USD

    6%... Keep going, you get the pattern

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