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There are a lot more than 1600 “millionaires” in the sense you’re describing. Moreover, people who just have a expensive house and some 401k savings won’t have
by javagram 3y ago
There are a lot more than 1600 “millionaires” in the sense you’re describing. Moreover, people who just have a expensive house and some 401k savings won’t have 250k or more of back taxes owed.
It’s likely a more accurate term for the 1600 targeted by this auditing would be multi-millionaires.
- jc_811 3y agoIt’s not about raising anyone’s taxes, it’s about going after those who have back taxes they haven’t paid
- FooBarBizBazz 3y agoYeah, this is the proper emphasis. If people owe $250k in back taxes -- which is a lot -- then by all means they need to pay then. That's only right. But, this should be framed less as "going after millionaires", and more as "going after people who owe a lot of back taxes". So, I'm reacting less to the actual action by the government (which seems fair), and more to the title. "Millionaire" meant one thing when "Monopoly" was released; it means something else today.