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Net tax rate of 12 percent on $200k income highlights U.S. fiscal policy, Alex Svanevik notes
Alex Svanevik refers to the U.S. tax system by highlighting that a $200,000 income faces a 12 percent net tax rate.
Svanevik uses this example to challenge the notion that the U.S. is 'communist', bringing attention to the actual tax burden faced by earners at this income level.
Svanevik has previously weighed in on the future of crypto infrastructure. He predicted that centralized exchanges could disappear by 2030 amid improvements in blockchain technology. Svanevik has also suggested that artificial intelligence may help to improve the safety of DeFi protocols.
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