re: How much wealth do you need to join the 1% club in your country?

then explain this to me

quote:

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The top 10 percent of earners bore responsibility for 76 percent of all income taxes paid, and the top 25 percent paid 89 percent of all income taxes. Altogether, the top 50 percent of filers earned 90 percent of all income and were responsible for 98 percent of all income taxes paid in 2021.

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and how the hell you gonna tax someone on unrealized gains? they already pay sales tax, property tax etc now you want them to pay taxes on income they havent earned yet because you believe its wealth? it only becomes wealth once its realized.