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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsyou'd have to work for 200 years before hitting the cap at which $10,000,000 is taxed at 70%.
Jules Suzdaltsev
?
The average US salary is $50,000, which means youd have to work for 200 years before hitting the cap at which $10,000,000 is taxed at 70%.
And yet somehow Republicans have convinced their constituents that this applies to them and they should oppose it.
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you'd have to work for 200 years before hitting the cap at which $10,000,000 is taxed at 70%. (Original Post)
jodymarie aimee
Jan 2019
OP
RT Atlanta
(2,517 posts)1. it's one of the points where I acknowledge how good their 'con' is
to have convinced so many ordinary people to vote against their own personal interests in the REALLY SLIM chance that they too could one day be 'rich' like them and not wanting to be taxed as such a rate.
it's amazing.
flotsam
(3,268 posts)2. Yeah
But only if you illegally avoided paying taxes for the first 200 years.
anarch
(6,535 posts)3. well, given my current savings prospects, if medical science extends the human lifespan, I will
But yeah I guess the average person thinks, you know, once I get my billions of $$$, "it's mine and nobody else can have any"
^^^ the American Dream
Codeine
(25,586 posts)4. I'm gonna need a couple extra decades.
Actually I just got a promotion so not true, but 50gs seemed like an illusion for most of my life. I imagine quite a few people share that perspective.