There is some support for lower income brackets but my personal opinion is there should not be “billionaires” in the first place, and that’s where the system falls short. “Billions” is an obscene amount of wealth to be had by one person.

Edit: Here is a visualization on how much billions of dollars really is. Truly mind-blowing.

Not income at all which and also the reason why it’s taxed very differently (and perhaps unfairly).

Income is your wage or the actual money you make from your business. Most rich people generate wealth via their assets (e.g, the stock / property they own skyrocketed in value), and these are only taxed when sold and at a much lower rate.

Their wealth is almost entirely in assets which gets taxed at a much lower rate compared to income, and only when they sell. And don’t forget about all the write-off, tax tricks their armies of lawyers and accountants can set up for them. So if you work for your wages then the system is definitely stacked against you.

They do not have a billion in “income” otherwise they’d get taxed up their nose like regular people do. Their wealth is in their assets like stocks and properties which gets taxed at a far lower rate.

Dammit they asked for a soy-oatmilk blend neutron star