I am sure the Billionaire tax will be taking money out of the paychecks of folks that make $100,000 a year soon enough.
1. Unconstitutional
— Tristin Rice (@tristin_rice) March 27, 2022
2. Impossible
3. How is it a billionaire tax rate if it kicks in at the $100 million mark? That's literally 10% of $1 billion https://t.co/xlEDnIchhi
2 comments:
The legal way would be to fix the overly complicated tax code... But I doubt we'll see that!
How would they even know the net worth of a household? That takes an entirely new team of people at the IRS doing audits on households suspected of being worth over 100 million. This isn't information that's currently kept. Nobody knows MY net wort. I don't even think I know my own net worth. How the hell are they going to calculate this? That's a substantial effort. I mean, i don't know how many US households we're talking about here, but I'll bet it's at least in the thousands...
Post a Comment