Sort of like how the income tax in America started with it only applying to the ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

trollbridge 3 months ago | parent | context | favorite | on: How to convert between wealth and income tax

Sort of like how the income tax in America started with it only applying to the top 1% of earners?

rurp 3 months ago [–]

Do you remember when the top marginal tax rate was 90%? Things don't only move in one direction. The effective tax rate on the ultra wealthy has been steadily trending down for decades.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact