"The contrast between Harris and Trump on taxation could not be more clear," said the executive director of the Institute on Taxation and Economic Policy.
    • @halcyoncmdrEnglish
      2•2 hours ago

      Because the top 1% really isn’t that high and they hold 99% of the wealth. The other 99% of people hold 1% of the wealth. What do you think the annual income to be in the 1% is?

      I’ll put the rest of my response in a spoiler so you can think about it for a second, or comment it if you want, out of curiosity.

      spoiler

      Most people think the top 1% make millions of dollars annually from the conversations and surveys I’ve seen. The actual threshold for 1% varies by state, but in 2023, the national average was $652,657. While it is much higher than the average income of ~$37,500, it is not as high as most people think.

    • @Lost_My_Mind
      6•3 hours ago

      Because 1% hold 99% of the wealth. If you tax 2%, half of that would just be average joes.

  • @takeda
    5•4 hours ago

    We desperately need tax on wealth.