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Wounded Bear

(62,543 posts)

6. "he would spend half his $60 million fortune to save the other half."

Reply to Nevilledog (Original post)

Sun Jan 2, 2022, 11:30 AM

Jan 2022

Here's the thing. Nobody has ever been taxed out of the millionaire class. No millionaire has been pauperized through taxation.

At most, he would lose like what? 3-5% of that fortune to taxes, if that?

The gov't will never take "half" of anyone's fortune. We don't have a wealth tax anyway. The gov't taxes income, and all the high percentage brackets are in the upper echelon of incomes.

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