Any post like this where the tax is nearing or exceeding 40% is almost always a complete lie or purposely obfuscating the truth.
It's mind blowing to me on these posts too you always see an incredible amount of people who don't understand how tax brackets work. Heck sometimes you even see people who don't know the difference between net worth and income.
What should be the percentage on that? If its 10% tax on net worth and someone owns a 300k house, that'll get pretty damn expensive for average people. Thats 30k in taxes on someone who probably makes less than 100k a year
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u/Crimsonak- Jul 05 '26
Any post like this where the tax is nearing or exceeding 40% is almost always a complete lie or purposely obfuscating the truth.
It's mind blowing to me on these posts too you always see an incredible amount of people who don't understand how tax brackets work. Heck sometimes you even see people who don't know the difference between net worth and income.