>>>Sorry, life isn't that black and white. Having graduated taxes and thresholds for various kinds of taxation reflect the nuances of reality.
>>
>>Ok. Got it. I had not caught the nuanced view.
>>
>>"Pay as i say, not as I do."
>>
>>Is that about it?
>
>You keep saying that, and it's still not true.
Congratulations if you are lucky enough to have an estate that is over the threshold at all.
Not many of us here will have an estate exceeding $10.5m
I won't use the dog-whistle of saying you fail to understand the nuances.
But this is a basic math problem.
Even if you are a very successful capitalist and exceed that by $1m,
your tax rate on the whole estate is less than 3.5%
(1*40%)/(10.5+1) = 0.034782609
Steve Jobs estate on the other hand would eventually pay close to 40%
(200*40%)/(10.5+200) = 0.380047506
Wonderful.
Lets take from the rich guy far more than we are willing to pay.
Because he can afford it.
And we hate him.
In 1968 I had saved up enough money from washing cars and selling everything from greeting cards, garden seeds and fresh corn door to door.
Yay! I made enough to pay $25 for a week at summer camp.
I had $10 in my pocket, and made the stupid remark in the snack bar that I could buy anything I wanted!
A small experiment in democracy ensued outside.
Two smaller kids and one really big kid held a vote and told me that I was going to share the wealth.
Precisely those words "Share the wealth"
To this day I am so proud to have participated in this little experiment.
I learned a lot about the value of hard work.
I learned a even more about the dark side of human nature.
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