return2ozma@lemmy.world to News@lemmy.world · 5 months agoPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comexternal-linkmessage-square61fedilinkarrow-up1480arrow-down110
arrow-up1470arrow-down1external-linkPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comreturn2ozma@lemmy.world to News@lemmy.world · 5 months agomessage-square61fedilink
minus-square24_at_the_withers@lemmy.worldlinkfedilinkarrow-up0·5 months agoBut 90% tax means that $10MM becomes $1MM.
minus-squareSupahRevs@lemmy.worldlinkfedilinkarrow-up0arrow-down1·5 months agoNot in our current tax bracket world.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up0arrow-down1·5 months agoWhy does anyone need more than $10 million?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up0arrow-down1·5 months agoYou appear to have missed the word “after.”
minus-squareBassman1805@lemmy.worldlinkfedilinkarrow-up0arrow-down1·5 months agoProgressive tax brackets. This hypothetical tax is only on money earned over 10M/1M.
But 90% tax means that $10MM becomes $1MM.
Not in our current tax bracket world.
Why does anyone need more than $10 million?
You appear to have missed the word “after.”
Progressive tax brackets. This hypothetical tax is only on money earned over 10M/1M.