Billionaires should not exist.

https://midwest.social/post/9950630

Billionaires should not exist. - midwest.social

cross-posted from: https://lemmy.world/post/13165402 [https://lemmy.world/post/13165402]

For Germany the Informationen is wrong we have at maximum 45% income tax if you mske more then 170k a month and you pay 42% at 66 k. We literally have no wealth tax because of a loophole in regards to inheritance. Also Social security has a maximal ammount that does not increase after a certain income threshold.

The income ammount is not 100% correct but it is arround that ammount.

“Amount” is spelled with a single ‘m’. You also forgot to mention that a “rich people’s tax” once existed, but was ruled unconstitutional because it would violate the principle of equal treatment, and that no legislation since has made an attempt at crafting such a tax that would hold up to the court.
Not that the wealth tax was not ruled unconstitutional by principle. It was ruled unconstitutional because it contained certain loopholes that favored owning houses over owningother assets in the calculation.
I didn’t know that. Thanks.