Peaces@infosec.pub to U.S. News@beehaw.org · 1 year agoA 4% income tax on millionaires will make lunch free for Massachusetts K-12 studentswww.npr.orgexternal-linkmessage-square5fedilinkarrow-up117arrow-down10
arrow-up117arrow-down1external-linkA 4% income tax on millionaires will make lunch free for Massachusetts K-12 studentswww.npr.orgPeaces@infosec.pub to U.S. News@beehaw.org · 1 year agomessage-square5fedilink
minus-squareredandgray@beehaw.orglinkfedilinkarrow-up1·1 year agoRemember that this is a marginal income tax rate, i.e. it does not apply to the first $1 million of taxable annual income, only to the amount in excess of that threshold.
minus-squareapis@beehaw.orglinkfedilinkarrow-up1·1 year agoAssumed that as a given, but the title is as misleading as all of the general chatter about taxes which neglect to mention marginal rates.
Remember that this is a marginal income tax rate, i.e. it does not apply to the first $1 million of taxable annual income, only to the amount in excess of that threshold.
Assumed that as a given, but the title is as misleading as all of the general chatter about taxes which neglect to mention marginal rates.