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| Re: Ocasio-Cortez suggests raising taxes 70% (1588352) | |||
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Re: Ocasio-Cortez suggests raising taxes 70% |
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Posted by bingbong on Mon Jan 7 14:41:24 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. LOL! You have no clue as to how progressive taxation works, do you? What's the rate for under 10 million? That's what someone making $10 mil would pay on that income level, At $10M, they pay 70% FROM that point to the max of their income. So if they make $15M, only that LAST $5M is taxed at 70%. At that point, it's money they'd never notice anyway. This flies right over your head? |
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