Trump is proposing to raise the top income tax rate for individuals making over $2.5 million. Sounds like a blow to the super rich? Not really 🙅♂️
I’m honestly tired of seeing people think that super-rich people get rich by earning high salaries. That’s not how it works.
The ultra-wealthy don’t rely on paychecks — they live off capital gains. Stocks, equity, deferred income, tax-advantaged investments.
📊 Long-term gains are taxed at 20%, not 39.6%. And that’s before they start using loopholes to pay even less.
Raising income tax on high earners sounds good politically, but it barely touches real wealth. If you want to tax billionaires, you need to go where their money actually is — and it’s not in their often symbolic salary 💸