▲ 649 ▼ The rich now own a record share of stocks, about 93% of U.S. households' stock market wealth is held by the top 10% (www.axios.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 107 comments fedilink hide all child comments
[–] TORFdot0@lemmy.world 12 points 2 years ago (1 child) Don’t most people already pay property tax and tax on their interest income? permalink fedilink source parent hideshow 2 child comments replies: [–] HappycamperNZ@lemmy.world -4 points 2 years ago Depends on your definition of tax, and your country. Interest income yes, taxed at the time the gain is realized. We pay rates, which is a tax on the house value to the council for infrastructure (not technically a tax), and many places have capital gains tax where you pay at the time you sell (i.e when the gain is realised). permalink fedilink source parent
[–] HappycamperNZ@lemmy.world -4 points 2 years ago Depends on your definition of tax, and your country. Interest income yes, taxed at the time the gain is realized. We pay rates, which is a tax on the house value to the council for infrastructure (not technically a tax), and many places have capital gains tax where you pay at the time you sell (i.e when the gain is realised). permalink fedilink source parent