Mastodawn

@VeroniqueB99 isnt 2% of $1.1M $22,000? It's early and I'm tired. (The original point of the post still stands though.)

Edit: I, an idiot, can't read. The 2% is on the amount above $1M. So it's 2% of $100K. Sorry about that, all, and thank you folks who pointed that out!

smitten 2d ago

@quadrivial It's marginal so it's 2% of 0.1M

@smitten I figured it had to be something like that. Like I said, I'm tired and my reading comprehension at this point is low

Karsten 2d ago

@quadrivial
No it’s korrekt. 2% of 100k is 2k. That’s the difference between 1,1M and 1M. 😃
@VeroniqueB99

@alchemist @VeroniqueB99 Yeah. Just updated my post to reflect my lack of reading comprehension 🙃

hindsight 2d ago

@quadrivial I was just thinking...
I'd not have you as my tax consultant ;-)))

@hindsight this is why someone else does our taxes 🤣

@quadrivial 👍

@quadrivial I'm glad you got there first , I was thinking the same way and would have said the same til i saw you edit

@OliverNoble I've already been told I'd be a bad tax advisor, which I fortunately knew already 🤣

Haskell 2d ago

@VeroniqueB99 greed is real

@Micritone45 👍

@VeroniqueB99 20% would be better. And 80% of everything over $10 million.

@johnrohde 👍

@johnrohde @VeroniqueB99 Nah. 95%. Maybe 99%. Nail them to the wall.

Robin Barton 2d ago

@VeroniqueB99 But isn't paying taxes something the poor and middle class do?

@Robo105 @VeroniqueB99 that's exactly what I thought. 😁

Sergio 2d ago

@VeroniqueB99 that 2% would be $22,000 dollars not $2,000
for a 1.1 million it still isn’t that much but let’s get it right.

αxel simon ↙︎↙︎↙︎2d ago

@sergiodomeyko @VeroniqueB99 https://beige.party/@quadrivial/114755731644386416 it's on the amount over 1 000 000.

quadrivial 💛🇺🇦🇨🇦🇲🇽 (@quadrivial@beige.party)

@VeroniqueB99@mastodon.social isnt 2% of $1.1M $22,000? It's early and I'm tired. (The original point of the post still stands though.) Edit: I, an idiot, can't read. The 2% is on the amount above $1M. So it's 2% of $100K. Sorry about that, all, and thank you folks who pointed that out!

beige.party

Sergio 2d ago

@axx @VeroniqueB99 yes it is. I got ya. Misread/ thanks!

Vincent B. 🌱2d ago

@sergiodomeyko @VeroniqueB99 Nope, it’s income « above 1m », so 2% of 100k :)

Marc Etienne 2d ago

@sergiodomeyko no, the first million is explicitly excluded. The 2% applies only to the $100,000 over that first million. For $2.1 million it would be $22,000.
@VeroniqueB99

crouton 2d ago

@VeroniqueB99 If you "earn" 1.1 million per year, that works out to around $3k per day on average. That's a pretty good deal compared to pitchforks.

@crouton 👍 ...it's pocket change.

minentromax 2d ago

@VeroniqueB99 They are losing it because they feel like they were sleepwalking to a world with no opposition to the rich at all, and they're fucking terrified that AOC, Bernie, and the newest "Radical Left Socialist" Mamdani can blow it all up if we can just get enough people to see that "socialism" benefits everyone. And by "socialism," I mean Democratic Socialism. No one here is talking about seizing factories - but the right wing is actually implementing disappearing citizens and other humans along racial lines. The Repubs know the only real threat to them is leftist.

@Minentromax

💯 couldn't have said it better!!

Garden Punk 2d ago

@VeroniqueB99 Marginal tax rates should be taught in math classes if we're gonna have them.

rk: it’s hyphen-minus actually 1d ago

@Capheind @VeroniqueB99

I remember in middle school my math teacher telling us that people should check the tax rates before accepting a raise, because it might put them in a higher tax bracket and really they’d *lose* money.

(I also had a math teacher in *honors* geometry tell me that the only reason pi is irrational is because we can’t make circles or rulers perfect enough to measure it; one day we can measure circles with lasers and we’ll know the correct value of pi…)

@rk oh no

@VeroniqueB99 #alt4you Tweet from Melanie D'Arrigo @darrigomelanie "Zohran Mamdani's plan to tax the rich is a 2% tax on income over $1 million.

If you make $1.1 million, you'd pay an extra $2,000.

Watching working class conservatives and politicians completely meltdown about this is wild."

Transcriber's note: this is a progressive tax, so it applies to income only AFTER the first million a taxpayer makes each year, to which the new tax does not apply. The math given is correct.

@cwicseolfor TYSM!! 👍

John-Mark Gurney 2d ago

@VeroniqueB99
Alt text:
Melanie D‘Arrigo @DarrigoMelanie

Zohran Mamdani's plan to tax the rich is a 2% tax on income over $1 million.

If you make $1.1 million, you'd pay an extra $2,000.

Watching working class conservatives and politicians completely meltdown about this is wild.

@encthenet 👍

DeterioratedStucco 1d ago

@VeroniqueB99

Precedent.

Once it starts...

@SoftwareTheron 👍

Ciarán McNally 1d ago

@VeroniqueB99 Imagine the world we could have if it was this except 50%

@ciaranmak seriously.

Woody68 🇧🇻 🇺🇦 🇵🇸 🇨🇦 🇬🇱1d ago

@VeroniqueB99 ... Reason economic situation for many US citizens are like it is, is because those who got most, contribute with less, because that is communism and sosialicsm. That US don't practice. What a shame if they had to. Good I live in 🇧🇻. Not everything is perfect here either, but these are the most important things to get a equal healthy and safe community.

@woody68 👍 💯

@woody68 The huge irony is that if so-called 'conservatives' in the US followed their own claimed economic philosophy, that's what we'd be doing. It's easily provable that high taxes and high spending translate to better benefits, sooner, for more people, at less per capita.

But conservatism is a lie, and always has been. It's never been about THOSE outcomes. All along, it's just been about preserving and enforcing class hierarchy.

WesDym 1d ago

@VeroniqueB99 My experience of the last 40 years or so is that so-called 'conservatives' are essentially pro or not. The pros know the truth, and their job is to sell the lie. Everyone else (most of them) simply doesn't know better, and is easily convinced of the lies. They THINK they're conservatives, but they're mostly not; they're what an early teacher of mine called 'reactionaries'. They just react to whatever they're told, and they're programmed to. They're almost mindless about it.