1600
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
(lemmy.world)
Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Yea this is a bad idea. All this will do is force small investors-think people that have made maybe a million dollars in their life and are retiring at 70-to pay taxes they don’t have cash to pay.
The Harris proposal kicks in at 100 million dollars lol if you have over 100 million dollars in unrealized gains you are not a small investor and should pay your taxes.
most people don't understand how tax brackets work
Yeah and most people like to pretend someday they could have that much money too, not realizing it's strictly generational and they'd already have it.
Like how the Revenue Act of 1913 only applied the new "income tax" to $3000/year ($90k/year in today's dollars) and up.
? Sure yeah ?
And just like how federal income tax rates have been and are adjusted constantly over the years due to inflation since 1913, it's safe to assume these tax brackets will be updated also
The snark is uncalled for, this tweet doesn't mention any proposal specifically, so don't act like they're saying something incorrect.