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.
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.
That’s exactly how that would go.
why didn’t that happen from 1944 through 1963 when the top marginal tax rate went over 90%?
People found all sorts of loopholes to not pay that. Nobody paid that much taxes.
they didn’t move away.
lots of people paid that much in taxes (you have to look up how marginal rates work they don’t just lose 90% of their wealth each year) and we built huge libraries and free public pools and public schools had art classes and gym classes with teachers and supplies. Hospitals had EXTRA nurses and ambulances were well staffed.
Don’t fall for the lies of the rich. We were WAY BETTER OFF financially as a society when they were paying their fair share. They need to be taxed again so we can go back to building public services for people again.
Do you have any evidence for that claim, or are you just stating it with certainty because it feels right to you?
Nobody paid 90% of their total income because that’s not how tax brackets work.
Then we’d be rid of them at least