this post was submitted on 09 Jul 2023
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How much is 25% of your total wealth?
I want to know what 25% of your total wealth is so you can be confronted with number and forced to think about what it would be like to pay as much tax as I do.
Everytime I bring that figure up, everyone questions my wealth and my income and my taxes, but nobody reflects on their own wealth and what it would be like to carry the tax burden I'm saddled with.
That's point of the statement: to make you consider just how large and unfair my tax burden is. Especially in comparison to people who are many times richer than I am, yet have a tax burden that is a mere fraction of mine.
Bro TOTAL WEALTH. 25% of my TOTAL WEALTH. It's less than 25% of my income, because my total wealth is less than my yearly income.
Marginal or average brackets have nothing to do with it because I'm talking about the tax burden I have relative to my TOTAL WEALTH.
This is why it's frustrating. Everyone ignores the single most important part: this is about TOTAL WEALTH.
TOTAL WEALTH.
TOTAL WEALTH.
Is that clear yet ffs