TehBamski@lemmy.world to Political Memes@lemmy.world · 2 months agoThere are levels to Rich and every one of them should be taxedi.imgur.comimagemessage-square21fedilinkarrow-up1854
arrow-up1854imageThere are levels to Rich and every one of them should be taxedi.imgur.comTehBamski@lemmy.world to Political Memes@lemmy.world · 2 months agomessage-square21fedilink
minus-squareelrik@lemmy.worldlinkfedilinkEnglisharrow-up13·2 months 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.