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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (470395)4/10/2009 3:33:09 PM
From: Steve Dietrich  Read Replies (1) of 1577031
 
Depends on the tax and the amount

Very roughly speaking, we had about $50 trillion in total private wealth in 2004 and collected about $2 trillion in taxes.

So we could replace every single federal tax (income, payroll, estate, etc.) with a flat 4% wealth tax...

SD
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