Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch.
www.businessinsider.com

Students in Massachusetts will get free lunch and breakfast at school thanks to a new 4% tax put on people who earn more than $1 million.

  • Gyoza Power
    231·
    1 year ago

    Yeah. The problem is that the richest people have many loopholes to avoid paying taxes. Getting a minimal salary and then just taking loans against their assets is one of them.

    • Mindlight@lemmy.world
      9·
      1 year ago

      This.

      And to add to it. If you were making 10 million dollar and someone approached and said that they could make it so that you keep 1 million in taxes if you pay them 100 thousand you would most likely be one of the ones doing it.

      If you make enough money you can afford hiring people to find new ways to keep your expenses down. Tax is an expense as any other to many rich people.

      “After all, you made your fortune without getting any help so why should your earnings go to p1eople who use the system”