EU-funded report calls for wealth of super-rich to be taxed, not income. Maybe a good idea for America too?

Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study

“These types of loopholes allow the super-rich to avoid certain forms of income tax, resulting in effective tax rates worth just 0%-0.6% of their total wealth, the report found. Meanwhile, income taxes levied on most wealthy citizens who do not employ these loopholes, end up paying between 20% and 50%”, says The Guardian.

 

https://www.theguardian.com/business/2023/oct/22/eu-funded-report-calls-for-wealth-of-super-rich-to-be-taxed-not-income

 

 

 

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HOS
Noble Member
HOS(@hos)
4 months ago

Bring it, the sooner the better, please and thank you!

historydoctor
Noble Member
historydoctor(@historydoctor)
4 months ago

Taxes on wealth and property have been the standard for most of human history, so it wouldn’t be anything new.

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