this post was submitted on 16 Apr 2024
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Uplifting News

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[–] Cryophilia@lemmy.world 3 points 7 months ago (1 children)

But that would also mean they're just starting their career and are making a lot of money if their tax rate is so high

[–] Sconrad122@lemmy.world 3 points 7 months ago

Or they are just approaching net worth 0 after years of working off student loan debt. There are plenty of people who would be in position to have a near infinite or even a negative effective wealth tax rate because so many college graduates (and college dropouts) in America are starting well below zero net worth