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Survey: Almost 50% of Americans Consider Themselves ‘Broke’ (www.marketwatch.com)

submitted 1 month ago by return2ozma@lemmy.world to c/personalfinance@lemmy.ml

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[–] notfromhere@lemmy.ml 5 points 1 month ago

Wouldn’t the $20 Million be subject to the 100% income tax at that point, meaning the net worth billionaire wouldn’t be able to earn any income as it’s all taxed away?