return2ozma@lemmy.world to politics @lemmy.world · 9 months agoBillionaires Rage About Biden’s New Tax Proposalswww.thedailybeast.comexternal-linkmessage-square156fedilinkarrow-up1643arrow-down120
arrow-up1623arrow-down1external-linkBillionaires Rage About Biden’s New Tax Proposalswww.thedailybeast.comreturn2ozma@lemmy.world to politics @lemmy.world · 9 months agomessage-square156fedilink
minus-squareAussiemandeus@aussie.zonelinkfedilinkarrow-up7arrow-down1·9 months agoHuh, in Australia you would be taxed 37 percent and anything over $180k is 45% So I’m sure closer to 50% coulr come down
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up4·edit-29 months agoThe US has a similar graduated system (32% for incomes over $192k for single fillers, plus whatever your state income tax is), but billionaires have access to a lot of loopholes that prevent their wealth from being counted that way.
Huh, in Australia you would be taxed 37 percent and anything over $180k is 45%
So I’m sure closer to 50% coulr come down
The US has a similar graduated system (32% for incomes over $192k for single fillers, plus whatever your state income tax is), but billionaires have access to a lot of loopholes that prevent their wealth from being counted that way.