The rich pay most federal taxes, but less relative to wealth. Tax rules favor investments over wages, letting wealth grow untaxed. Fair? It depends on perspective.
Biden proposes to raise capital gains tax to the highest level in the world. But is it about to get much worse?
There has been efforts over the years to tax the rich in order to prevent excessive wealth inequality. What has been the taxation on economic classes and what would this type of tax yeild?
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