2026-05-22 22:34:40
The ultrarich mostly aren’t escaping the tax system through exotic loopholes.
They mostly increase their fortunes with and spend regular taxable income
— salaries, dividends, interest, business profits, realized capital gains
— and they earn a lot of it.
This means the most powerful lever is also the simplest one.
Restore the top marginal ordinary income tax rate to its pre-2017 level of 39.6 percent
— which, but for Trump’s tax cuts, would have applied t…





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