Yeah and most people like to pretend someday they could have that much money too, not realizing it's strictly generational and they'd already have it.
gnomadic
joined 8 months ago
The Harris proposal kicks in at 100 million dollars lol if you have over 100 million dollars in unrealized gains you are not a small investor and should pay your taxes.
He got his wealth because his parents owned a slave-powered diamond mine.
Also, as he hides his money and doesn't pay taxes the US government is overburdened and one of their tools is relying on prisons for free labor.
Soooo actually quite a lot.
Why not?
? Sure yeah ?
And just like how federal income tax rates have been and are adjusted constantly over the years due to inflation since 1913, it's safe to assume these tax brackets will be updated also