Submitted by xCreamPye69 t3_10ontj7 in explainlikeimfive
markroth69 t1_j6h8ecp wrote
Reply to comment by Randomstringofnum in ELI5: Why does the IRS want your illegal income declared on tax returns? by xCreamPye69
But that's local property taxes. Not federal income taxes. The U.S (federal) (Income) tax code does not progressively tax wealth. It progressively taxes income.
Viewing a single comment thread. View all comments