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MichMan

(17,061 posts)

2. With all the talk about wealth taxes, I never understood exactly how they would determine who owed it and how much?

Reply to Uncle Joe (Original post)

Sat Mar 7, 2026, 11:07 PM

Saturday

Wouldn't it require everyone's net worth of all their assets to be determined every year? Otherwise, how would they know who was over or under a billion, and what government agency would be tasked with doing that?

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How 938 billionaires could fund $3,000 payments for millions of Americans [View all] Uncle Joe Saturday OP

Thank you Bernie and Ro Bread and Circuses Saturday #1

With all the talk about wealth taxes, I never understood exactly how they would determine who owed it and how much? MichMan Saturday #2

Apparently they've already determined by net worth that the U.S. has a little over 900 billionaires out Uncle Joe Saturday #3

Says it is estimated by Forbes in a wiki article MichMan Saturday #4

I imagine the IRS can handle such a process. n/t Uncle Joe Saturday #5

Total wealth includes things like homes, investment accounts, personal property, and a myriad of other holdings MichMan Saturday #6

How difficult is that information to compile? We sell everything based on worth. n/t Uncle Joe Saturday #7