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Billionaires should not exist. (lemmy.world)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 63 points 8 months ago* (last edited 8 months ago) (1 children)

Same for Germany. It's income taxes (everything above ~66k/year is 42% taxes and everything above ~277k/year is 45%) no capital gains taxes (they are 25% no matter the amount of capital gains) or asset taxes. Don't know where the 47% are coming from.