RetroFed Forum

Welcome to the nostalgia-filled piefed instance of yesteryear.

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Be civil. Bigotry is not welcome. This includes (but is not limited to): transphobia, queerphobia, racism, ageism and ableism. We do not promote hate.
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lavenie@lemmy.zip Joined: 2026-09-28

MNByChoice@midwest.social Joined: 2023-08-12

a 9.9% income tax on earnings above $1m

advocacy groups and unions opposing the initiative say taxing the state’s 20,000 highest-earning households could raise approximately $3.5bn in necessary annual revenue

Backing out the numbers (also rounding the tax up to 10%), the $3,500,000,000 in revenue is on $35,000,000,000 in income. Spread over 20,000 households and add a million per household for the portion not taxed, that is an average of $2,750,000 in income per household being taxed an additional $275,000.

Seems fair like a fair price for living in a safe and stable community that makes possible earning so much.

Welcome to the nostalgia-filled piefed instance of yesteryear.

Open Registration with Application questionnaire.

If you have a question or comment you can post in !meta@retrofed.com or message @DosDude@retrofed.com or @Die4Ever@retrofed.com

In case of downtime and/or emergency, we will post updates on @DosDude@mastodon.social

Some rules we try to uphold:

Be civil. Bigotry is not welcome. This includes (but is not limited to): transphobia, queerphobia, racism, ageism and ableism. We do not promote hate.
Communities need to be Retro or Retro-adjacent.
Please don't upload pornographic content. (use an external image host for that)