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Factsheet
Factsheet
Sheet
Taxes on capital gains (capital gains be taxed up to 23%
while wages and salary can be taxed up to 39%)
Step-up rule: Where someone inherits a stock, they pay the
tax on the gains made from when they started owning it, not the gains from their
deceased parents, this is projected to cost the government an
estimated $644 billion in 10 years.
By 2016, the top 1% will have more than 50% of the total
global wealth
china
Questions:
Why isnt the government passing legislation,
when we know the problem behind the wealth
inequality?
Are political officials too afraid to lose their
donors?
How have the outsourcing of jobs played a role in the wealth
inequality?
Problems we need to solve:
Low tax rates on the rich