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RE: Are the Rich Paying More in Taxes Than They Used to?
hmmm.. that's a minnow to the really rich pips
I've seen a documentary of rich kids from HK and China
their small yacht costs more than that
one Chinese guy is a jeweler in the UK
he sells and hour glass of diamond for 750k
i wonder what he makes in a year
I'm only talking about the US, I can't speak to how other countries tax their citizens. But yes, even if that tax level is reasonable for someone earning $500k a year, there should be more severe brackets for those earning in the millions.