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> If they don’t earn more than $1m, they don’t pay it, right? Correct, and for the times they do earn more than $1m, with this tax they are only taxed on the i
by thewebguyd 7mo ago
> If they don’t earn more than $1m, they don’t pay it, right?
Correct, and for the times they do earn more than $1m, with this tax they are only taxed on the income over $1m and pay nothing for income of $999k and below. If you make a million and one dollars, you owe 10 cents.