Quote:
Originally Posted by rubecube
That's a really weird conclusion to jump to. Someone making $2M/year is still walking away with around $1.2M - $1.3M after taxes under the current system. Even if you added a 60% rate on any income made over $1M, they're still taking home around $1M after taxes annually.
Would they maybe have to cut down on the number of toys and vacation homes? Possibly. But that's hardly living paycheck to paycheck.
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So it will be you determining which level of lifestyle we tax everyone into?