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MichMan

(17,059 posts)

4. Says it is estimated by Forbes in a wiki article

Reply to Uncle Joe (Reply #3)

Sat Mar 7, 2026, 11:23 PM

Saturday

Do we assess taxes on people based on estimates by outside groups not associated with any government agency?

In order to assess taxes, the government would need to determine exactly how much each one has at the time of taxing. Do they have $900 million (therefore exempt from a billionaire tax), $1.1 billion, or $10 billion?

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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