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The general idea is average people don't make 500k/yr. What they might do though is have a one time event that earns them 500k in a single year, like selling a
by lacksconfidence 5y ago
The general idea is average people don't make 500k/yr. What they might do though is have a one time event that earns them 500k in a single year, like selling a small business or a house. In that one year where they finally did well the tax system comes in and hits them even harder with laws intended for someone who makes 500k every year.
- paganel 5y agoWorking-class people don’t own small businesses worth hundreds of thousands of dollars, if you’re in that position you’re already middle-class.