I'm referring to your stated goal of taking 10% of the assets from the top 10% and redistributing to the bottom 50%. Do you plan on taking 10% of their assets once or every year?
What? We are talking about the average effective tax rate for 400 individuals without knowing their income. Some paid more than 23%. Some less.
But the whole point was that they pay less than the bottom 50%, who pay 24%. Can you provide any evidence that is true?
I could absolutely have unrealized gains or even losses in many years. Or I could reinvest it into a new venture that isn’t profitable yet.
I could’ve donate $200 million to charity that year.
If they wanted to make an apples to apples comparison they would’ve.
If that’s what the graph wants to say, then it needs to say it. But it didn’t on purpose. Compare the top 400 in income in 2023 vs the bottom half. Will be a totally different graph.
Wealth =\= income.
I could sell my business for $10 billion in 2022, pay $4.5 billion in taxes that year, and not necessarily have income to be taxed the next year in 2023. Doesn’t mean I haven’t paid a shitload on my billions.
Only saw them once, in November of 1994. IMO, they've greatly improved as a live band in the 30 years since then, but damn it was awesome for them to only be able to essentially draw material for that show from Ten and Vs.
Release
Go
Animal
Why Go
Deep
Jeremy
Dissident
Even Flow
Glorified G
Daughter
Blood
Alive
State of Love and Trust
Porch
Kids Are Alright
Rearviewmirror
Last Exit
Sonic Reducer
Indifference