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Why is it so hard to tax billionaires? (Part 2)
Jesse Isinger
There's nothing to tax in terms of wages. They're keeping their wages low. And the reason why you're keeping your wages low is that wages are relatively highly taxed. They're taxed at about 40%. The top marginal tax rate of 37% plus about 3% for payroll taxes. And so you don't want wages. It's stupid if you're a really wealthy person to get wages.
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