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In Reply to: RE: If you've got it, indulge yourself posted by RGA on April 13, 2021 at 17:28:48:
Sure....if any of them were allowed to liquidate 'assets', they could write a check that'd make your eyes water.
but how much do they keep in the Checking Account? Certainly running expenses plus a cushion?
And since they are really rich....running expenses can Really Add Up.
It would appear to be true that you always get Less of whatever you tax. Even cigarette sales drop as a funciton of higher taxation. The LAST pack of Ciggies will go for over a Million $
As a percentage of population, the VERY rich are a small number.
As a percentage of overall wealth, they are a much larger sum.
I can't remember the details now, but when I looked up IRS statistics? Top 5% of tas returns filed represented some HUGE overall percentage of wealth and amount of taxes paid into the system....
But I'd Have to look up the details.....
Too much is never enough
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Follow Ups
- RE: If you've got it, indulge yourself - pictureguy 18:13:50 04/13/21 (6)
- RE: If you've got it, indulge yourself - RGA 19:37:38 04/13/21 (5)
- RE: If you've got it, indulge yourself - pictureguy 20:00:27 04/13/21 (4)
- RE: If you've got it, indulge yourself - RGA 21:34:25 04/13/21 (3)
- RE: If you've got it, indulge yourself - pictureguy 09:57:54 04/14/21 (1)
- If 90% is too high, how about a solid 50%? - Feanor 13:23:24 04/14/21 (0)
- RE: If you've got it, indulge yourself - pictureguy 22:31:13 04/13/21 (0)