Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch
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.
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Don't let perfect be the enemy of good enough. This is working, let it work. If they start avoiding it the rules can be changed.
Exactly. When I supported this, there was that wince of "this won't get the people it really needs to hit"... but it does enough.
And tbh, I know some wealthy fucking people who legitimately don't cross the line. $1M/yr is a lot of bloody money. That means if I found a way to "only" make $900,000/yr, I'm immune to this tax.
Also, anyone hiring for $900,000/yr?
Right? I hear this all the time about inheritance tax. Im more than willing to pay inheritance tax, meaning I’m getting like $3.5 Million to start.