9mo ago

Harris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99% | Common Dreams

www.commondreams.org

News @lemmy.world

return2ozma @lemmy.world

9mo ago

Harris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%

www.commondreams.org /news/kamala-harris-tax-plan

politics @lemmy.world

return2ozma @lemmy.world

9mo ago

Harris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%

www.commondreams.org /news/kamala-harris-tax-plan

39 comments

Remember if you make under $400k you are poor.
- If you rely on a wage whatsoever, you're closer to a peasant than a Capitalist
Why stop at 1%, though?
- I agree, the top 5% would be individuals with incomes of 290k a year and higher.
  
  Wtf 5 out of 100 people make 200k??
  I need to immigrate asap.
- Because the top 1% really isn't that high and they hold 99% of the wealth. The other 99% of people hold 1% of the wealth. What do you think the annual income to be in the 1% is?
  I'll put the rest of my response in a spoiler so you can think about it for a second, or comment it if you want, out of curiosity.
  
  If there is anyone who thinks that an income of nearly $700k per year doesn't make someone wealthy, you're insane.
  
  A third of the wealth in 2021, that didn't increase to 99% since
  
  Speaking in broad volumetric terms and then switching to simply stating (see: spoiler) the per annum floor for said 1% is sloppy and misleading. Please include the range that the 1% encompasses, earnings wise, to keep your modeling consistent.
  
  The top 1% have about 42% of the wealth.
- Because 1% hold 99% of the wealth. If you tax 2%, half of that would just be average joes.
  
  The top 1% have about 42% of the wealth. And in terms of income, which the tax would be based on, the top 2% would still be people making over $400,000 a year.
We desperately need tax on wealth.
- Yes. All 1%ers have no income to tax.
  The own billions, and pay nothing!
A tax cut for me is just a tax cut for me, but a tax cut for the rich could make anything happen -- maybe even a tax cut for me!
- Liar.
  
  It's a rewrite of the family guy joke
  https://youtu.be/yZpIog7e-R4
As nature intended.
Media Bias Fact Check | bot support
Can't tax income they don't have
- Your house is taxed.. why are stock portfolios not taxed each year against their value on Jan 1st? Or median value over the year or something?
  
  If a person was to get taxed against the value of stocks every year and that person holds onto those stocks for multiple years, they're getting taxed multiple times for that same value. The idea of taxing unrealized gains is probably the most ignorant thing to ever come out of her mouth.

39 comments