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Why? Are startups paying huge salaries? Looking through his tax plan, if you make under $250k/year, your dividends/capital gains will be taxed at a low rate.
by Mikeb85 11y ago
Why? Are startups paying huge salaries? Looking through his tax plan, if you make under $250k/year, your dividends/capital gains will be taxed at a low rate. The rate only increases if your income is above $250k, which doesn't seem unreasonable.
Most of his corporate tax plans also seem to centre around preventing tax evasion and closing loopholes for massive businesses. If he's really modelling his system after European states, that likely means subsidies for small businesses.
- justaman 11y ago$251,429 I was curious. http://www.bernietax.com/#251429;4955 http://www.bernietax.com/#251429;4955
- jack-r-abbit 11y ago> The rate only increases if your income is above $250k, which doesn't seem unreasonable. How "reasonable" that seems would depend on from which side of the $250k mark you are looking at it. Of course it is an easy sell to convince people to vote for a tax they don't have to pay. But such is democracy... two wolves and a lamb voting on what to have for lunch.
- Mikeb85 11y agoThe 'basic' cost of living for everyone is more or less the same. It's a proportionally larger share of your income if you have less money. $250K is a high wage relative to the cost of living in the US today.
- jack-r-abbit 11y agoWell... "more or less" has a pretty large variance. My mother rents a 2 bedroom duplex in Idaho for like $500/month. In the Bay Area I could probably rent a tent in my backyard for $500/month. A person making $150k/yr where she lives in Idaho is going to be far better off than a person making $250k/yr in the Bay Area.
- Mikeb85 11y agoYes. But someone making $150k in either place is going to be better off than someone making $30k in either...