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Temporarily embarrassed millionaires pt. 2 (sh.itjust.works)
submitted 2 years ago by to c/politicalmemes@lemmy.world
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[–] 1 point 2 years ago* (1 child)

3 million (i.e. 30% of 10m) per year is enough, in my opinion.
Also, don't forget the fact that it takes time to be successful, so they'll inevitably pass through the lower tax brackets first, and "earn their bread".

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  • [–] 13 points 2 years ago

    That 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.

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