Post #3097934
2026-05-23 05:39 UTC
And that's *just* federal income tax. That doesn't count social security tax and OASDI which are taxed on your $100k of income but not on the $100k in equity that you're holding.
Replies (1)
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@jamie@zomglol.wtf 2026-05-23 05:50
Paul Graham is skewing the numbers so they sound scary. The numbers are only scary to very wealthy people because they're suddenly facing the idea (not even the fact, just the idea) that they might actually have to pay taxes.