kcfb@sh.itjust.workstoPolitical Memes@lemmy.world•Temporarily embarrassed millionaires pt. 2
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11 months agoThat isn’t how tax brackets work. In the scenario outlined here individuals would pay 70% tax on everything they earn over 10 million. Which even further reinforces your point, as this is an enormous amount of compensation for anyone in a single year.
This reminds me of the stickers that come on some Walmart-level “mountain bikes.”