most of the tax is paid by the rich, not the wealthy
Rich is denoted by income
wealth is denoted by capital
considering the "family home" is untaxed and capital gains is taxed at half the rate of income, most taxes are paid by our most productive people in society
Case study- i have a 2 million dollar home and have an income of $20,000. Outcome - I am classified as poor and my child "lives in poverty".
moral of the story- the devil is in the detail
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