Reading up on tax-policy
3 deep · digging since dec 26, 25
- How to convert between wealth and income tax
Graham's attempt to equate a 1% wealth tax with a 20% income tax hike is widely rejected as misleading because it ignores that wealthy income comes from capital gains, not labor, and that the wealthy often pay little income tax.
- America’s Billionaires Continue to Flock to Wyoming - The New York Times
The 2017 tax cuts fueled an unprecedented boom in billionaire wealth, driving a surge of America's richest individuals to relocate to Wyoming.
- Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit. - The New York Times
Trump's auto loan interest deduction offers modest tax savings, primarily benefiting higher-income borrowers who itemize deductions.