Originally Posted by Relentless

Actually it works out to substantially more money if implemented correctly because there are many people collecting substantial incomes at little or no tax rate but making much less than the 8M per year. The so called 'idle rich' who have inherited very large sums of money and earn income on it at extremely low or no tax rate. 100M inherited and invested at a 2% rate of return on tax free municipal bonds is 2M per year income, but taxed very differently from 2M earned by someone who worked for it as payroll in the same year.