This is ragebait content from democrats. 25 percent minimum income tax on anyone worth at least $100 million is still grossly unfair. 50 billion in a year is a pittance for the owning class. Removing loopholes and including expenditure as a factor is needed to fix income tax.
this post was submitted on 10 Mar 2024
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State of the Union Tax Proposals
Oh, so it's about the vague promises he made in a speech, not actual policy? Excuse me if I don't rush to celebrate how marvelously progressive he's being just yet 🥱
Archive link for those that don’t have access.
This is never getting implemented and is just theatre for the masses.
The same billionaires who frequently say “we’re not actually taxed enough”?
Good, fuck em
They (billionaires) should not exist, full stop. If they were actually taxed the way we used to in this country, we wouldn't have these security threats.
They must be good then.
Billionaire tears taste like a fine Châteauneuf-du-Pape.
Let them eat cake!
Let them eat shit!
What there should be is an assests controled cap, no person should have control over more than 1 billion in assets.
In my dreams, we have a flat tax of 30% over all income beyond 40k per year.
And wouldn’t it be neat if, on the tax return form, there was question:
Where would you like your tax dollars to go: • education • military • foreign aid • welfare programs • don’t care, equally distributed
To some degree taxes need to be tied to cost of living. Someone making $70k in rural Texas vs NYC is going to have a very different cost of living and quality of life.
Flat tax is nice in theory, but it's horribly regressive. 30% would be a nice reduction in taxes for anyone making $230k + or so, while a dramatic increase for anyone under 90k
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