Tax Short - Is a 4% Wealth Tax the Same as a 120% Income Tax?

EPISODE · Nov 23, 2021 · 3 MIN

Tax Short - Is a 4% Wealth Tax the Same as a 120% Income Tax?

from Tax Chats · host Hoopes

Send us Fan MailJeff discusses wealth and income tax rates. We are used to thinking of tax rates on income. How do we think about tax rates on wealth? Luckily, there is an easy way to convert a wealth tax rate into an income tax rate, and, the result may surprise you.

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Tax Short - Is a 4% Wealth Tax the Same as a 120% Income Tax?

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