@[email protected] to politics @lemmy.world • 4 months agoBillionaires Rage About Biden’s New Tax Proposalswww.thedailybeast.commessage-square160fedilinkarrow-up1639
arrow-up1639external-linkBillionaires Rage About Biden’s New Tax Proposalswww.thedailybeast.com@[email protected] to politics @lemmy.world • 4 months agomessage-square160fedilink
minus-square@[email protected]linkfedilink7•4 months agoHuh, in Australia you would be taxed 37 percent and anything over $180k is 45% So I’m sure closer to 50% coulr come down
minus-square@[email protected]linkfedilink4•edit-24 months agoThe US has a similar graduated system (32% for incomes over $192k for single fillers, plus whatever your state income tax is), but billionaires have access to a lot of loopholes that prevent their wealth from being counted that way.
Huh, in Australia you would be taxed 37 percent and anything over $180k is 45%
So I’m sure closer to 50% coulr come down
The US has a similar graduated system (32% for incomes over $192k for single fillers, plus whatever your state income tax is), but billionaires have access to a lot of loopholes that prevent their wealth from being counted that way.