this post was submitted on 24 Nov 2025
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[โ€“] halcyoncmdr@lemmy.world 16 points 2 days ago (1 children)

That's the effect of the old 90% highest marginal tax rate.

[โ€“] chiliedogg@lemmy.world 22 points 2 days ago

That's income tax, not wealth tax. Once you get rich enough, they're not really related anymore.