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Some states are reviving a push to tax the rich
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Chris Remington
beehaw.org

remington@beehaw.org
Joined: 2022-01-28
Posted:   Subject: Some states are reviving a push to tax the rich Quote

18   Original
Powderhorn
Moderator

Powderhorn@beehaw.org
Joined: 2023-06-06
#2 Posted:   Subject: Re: Some states are reviving a push to tax the rich Quote Reply

It is beyond disgusting that people who live paycheck to paycheck are hoodwinked into thinking the rich will save them. And then they vote in large numbers.

Like, have you never had a corporate boss? Money cares nothing about you, and the ownership class needs all of yours.

8
TehPers
beehaw.org
TehPers@beehaw.org
Joined: 2023-06-21
#3 Posted:   Subject: Re: Some states are reviving a push to tax the rich Quote Reply

Colin Hathaway, a millionaire businessman in Washington, said he’s concerned the proposed tax would treat the money earned by his roofing company as income, even though he’s putting most of it back into the business.

Bullshit. The tax cares about adjusted gross income for individuals. Business expenses are a deduction. Making $1m and putting $900k back in as business expenses deducts that from your income. This is all assuming you even have $1m as personal income, which is not necessarily true depending on how your business manages its finances.

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