3 ms·

I was really hoping it would target people with like ludicrous incomes, like 2m+ a year or something, going after 480k+ is grabbing high performing professional

I was really hoping it would target people with like ludicrous incomes, like 2m+ a year or something, going after 480k+ is grabbing high performing professionals as well, doctors, lawyers, engineers, successful small businesses, etc.

vineyardmike 5y ago
Thats the sweet spot of cash to lose without impoverishment or negative impact but not so much cash to fight it or evade it.
dghlsakjg 5y ago
The overall median income for all full-time workers in the USA is $39.5k. For full-time with a doctorate it is $79k. I think that 5-10x the median income of any education group is an ok place to pay higher capital gains. $480k puts you more than $100k into the top 1%...
- ergocoder 5y ago
  But these high earners already pay fair share of tax. I thought we would target billionaires, no?
  - mbfg 5y ago
    how did you determine "fair share"
  - thatcat 5y ago
    maybe it should be based on net worth and not income
whateveracct 5y ago
If you make 500-600k, you aren't going to feel this _that_ much..it's a tax bracket after all. So this does target 1-2m earners.