minus-squarecrwth@piefed.ziptoNo Stupid Questions@lemmy.world•How would you actually tax the ultra wealthy?linkfedilinkEnglisharrow-up5·9 days agoSo someone with an income of $1M (20A) has a tax liability of $2M, and earning $10M means you owe $200M? At least with traditional tax brackets, it’s hard (but not impossible) to accidently get marginal rates over 100%. linkfedilink
crwth@piefed.zip to Mildly Infuriating@lemmy.worldEnglish · 1 month agoAmazon streaming movie intermittently dropping the soundplus-squaremessage-squaremessage-square0linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareAmazon streaming movie intermittently dropping the soundplus-squarecrwth@piefed.zip to Mildly Infuriating@lemmy.worldEnglish · 1 month agomessage-square0linkfedilink
So someone with an income of $1M (20A) has a tax liability of $2M, and earning $10M means you owe $200M? At least with traditional tax brackets, it’s hard (but not impossible) to accidently get marginal rates over 100%.