His income is effectively taxed twice – once at the corporate level, then at the personal level. Total is probably around 40%.We now return you to the DNC cartoon programming.
This is all from a guy whose parents could afford to send him to Yale.And has anyone connected the free flow of federal aid to the rising tuition costs?
This is, in part, due to the inheritance tax. Previously, the old “rags to riches to rags in 3 generations” story was common. After the inheritance tax, the 1st generation puts its money into professionally managed trusts invulnerable to wastrel descendants, and just grows.
Any room in the parade for those who believe gun control laws prevent crime? Or that minimum wage laws do not increase unemployment?