TehBamski@lemmy.world to Political Memes@lemmy.world · 8 days agoThere are levels to Rich and every one of them should be taxedi.imgur.comimagemessage-square22fedilinkarrow-up1888arrow-down18
arrow-up1880arrow-down1imageThere are levels to Rich and every one of them should be taxedi.imgur.comTehBamski@lemmy.world to Political Memes@lemmy.world · 8 days agomessage-square22fedilink
minus-squareelrik@lemmy.worldlinkfedilinkEnglisharrow-up17·8 days agoThe combined wealth of the ~750 US billionaires at the end of 2023 was about $5.2T. Total individual federal income tax revenue in 2023 was $2.2T. So it seems non-billionaires could go federal tax free for 2 full years.
The combined wealth of the ~750 US billionaires at the end of 2023 was about $5.2T. Total individual federal income tax revenue in 2023 was $2.2T.
So it seems non-billionaires could go federal tax free for 2 full years.