https://www.bloomberg.com/news/articles/2019-11-15/ocasio-cortez-plans-bill-to-boost-top-individual-tax-rate-to-59 ...59% income-tax rate, combined with federal payroll levies and state and local taxes, means that top earners would be paying around 70%... Edit: for those who are screaming: - I know how tax brackets work. - I read the article, and I've not stated any opinion in the body (I'll in comments) - title is click bait (sorry if you had hard time guessing my intent)
Good job reading OP.
Fuck that
Fuck, I wish I was paying that 70% tax...
Haha hahaha
Let's see what they plan to do with the taxes. That's important.
Won’t pass Congress.
Are you aware of how tax brackets work?
Yes. She's planning to double top bracket. I can assure you that rate for my bracket will significantly rise too.
Wow do people scared of this on Blind even know how income tax works? 70% on your portion of earnings ABOVE $10m people! If you are earning over $10m you aren't on Blind b*tching about leetcode. No one 'needs' to earn $10m per year.
I know Google pays well, but it doesn’t pay _that_ well. Not unless you’re a named exec...
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If you make enough to be one of the ones paying 70%, not only do you deserve to be taxed that heavily, you deserve to be killed and eaten imo.
So you don't want any companies around?
Is a company a person?