TehBamski@lemmy.world to Political Memes@lemmy.world · 9 months agoThere are levels to Rich and every one of them should be taxedi.imgur.comexternal-linkmessage-square22linkfedilinkarrow-up1889arrow-down17
arrow-up1882arrow-down1external-linkThere are levels to Rich and every one of them should be taxedi.imgur.comTehBamski@lemmy.world to Political Memes@lemmy.world · 9 months agomessage-square22linkfedilink
minus-squareelrik@lemmy.worldlinkfedilinkEnglisharrow-up17·9 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.