Or they are just approaching net worth 0 after years of working off student loan debt. There are plenty of people who would be in position to have a near infinite or even a negative effective wealth tax rate because so many college graduates (and college dropouts) in America are starting well below zero net worth
Could be if they don’t really have any net worth.
But that would also mean they’re just starting their career and are making a lot of money if their tax rate is so high
Or they are just approaching net worth 0 after years of working off student loan debt. There are plenty of people who would be in position to have a near infinite or even a negative effective wealth tax rate because so many college graduates (and college dropouts) in America are starting well below zero net worth