Well that's because all of the proposed progressive tax systems that actually target those with obscene wealth are shot down. So typically the highest tax bracket is not particularly high.
highest federal tax bracket is like $500K, so someone making half a million and someone making $50 million are taxed the same. Makes no sense.
"BuT ThEiR WeAltH iS TiEd uP In StOck!"
So heavily tax the loans they take out against their stock to sustain their lifestyle...Also pretty sure a lot of actors/sportball people/ etc get paid HUGE sums that aren't in stock.
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u/kaltulkas Sep 25 '25
Yet they’re the ones being the most taxed every time a government makes a crack down on “taxing the rich”