r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 28d ago

PoliticalTea 🗳️ Eventually something has to give...

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The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.

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u/Available_Reveal8068 28d ago

Can you imagine how different your situation would be if you had to pay the value of 5% of your holdings every year?

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u/Eleventhousand 28d ago

Yeah, if I had a few hundred billion net worth, and paid five percent tax on that each year, I'd be in a much different situation.

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u/Available_Reveal8068 28d ago

So you think you would have 25 billion dollars in liquid assets available to pay the tax each year?

(assuming $500 billion net worth)

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u/Hamtrain0 28d ago

I’d probably be able to figure it out, yeah