Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties
It’s just an extra step… Everyone gets a paycheck from a corporation of some kind… Instead of hundreds of millions to deal with, the IRS could just focus on the companies
Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties
It’s just an extra step… Everyone gets a paycheck from a corporation of some kind… Instead of hundreds of millions to deal with, the IRS could just focus on the companies
I agree, and on inheritance anything over like $1m should be taxed heavily. Anything over say $10m or so should be taxed at or near 100%.