RockBottom@feddit.org to Not The OnionEnglish · 10 hours agoPalantir CEO, With a Straight Face, Warns That Wealth Tax Will Cause Mass Surveillancefuturism.comexternal-linkmessage-square67linkfedilinkarrow-up1564arrow-down13cross-posted to: [email protected]politics
arrow-up1561arrow-down1external-linkPalantir CEO, With a Straight Face, Warns That Wealth Tax Will Cause Mass Surveillancefuturism.comRockBottom@feddit.org to Not The OnionEnglish · 10 hours agomessage-square67linkfedilinkcross-posted to: [email protected]politics
minus-squareVAKlinkfedilinkEnglisharrow-up1·13 minutes agoAlrighty, here goes - Taxes on annual income - 0 upto 1st quartile of the distribution 5% on part 1st quartile to median 10% on part median to 90%ile 20% on part 90%ile to 99%ile 40% on part 99%ile up Taxes each year on wealth - 0 upto 50M USD 1% on part 50M to 100M USD 2% on part 100M to 200M USD 3% on part 200M to 400M USD 4% on part 400M to 800M USD 5% on part 800M to 1.6B USD 6%… Keep going, you get the pattern
Alrighty, here goes -
Taxes on annual income -
0 upto 1st quartile of the distribution
5% on part 1st quartile to median
10% on part median to 90%ile
20% on part 90%ile to 99%ile
40% on part 99%ile up
Taxes each year on wealth -
0 upto 50M USD
1% on part 50M to 100M USD
2% on part 100M to 200M USD
3% on part 200M to 400M USD
4% on part 400M to 800M USD
5% on part 800M to 1.6B USD
6%… Keep going, you get the pattern