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Billionaires should not exist.
(lemmy.world)
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this post was submitted on 15 Mar 2024
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Same for Germany. It's income taxes (everything above ~66k/year is 42% taxes and everything above ~277k/year is 45%) no capital gains taxes (they are 25% no matter the amount of capital gains) or asset taxes. Don't know where the 47% are coming from.