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jimfields33

(17,312 posts)

14. Is it one time tax?

Reply to spooky3 (Reply #3)

Thu Aug 5, 2021, 02:23 PM

Aug 2021

I’d imagine that year after year, the tax amounts would fall overall. Wouldn’t a 5,000,000 bill for anyone over 20 million be a better way and easier to collect. I can see many millionaires going to court over assessments over their assets.

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18 replies

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Highlight:

Do you support raising taxes on people making more than $400,000.00 a year [View all] Uncle Joe Aug 2021 OP

I was looking for the "Hell, yes!" button. DavidDvorkin Aug 2021 #1

Threshold needs to be higher Laura PourMeADrink Aug 2021 #2

What would you suggest as the threshold? Caliman73 Aug 2021 #4

Not true elias7 Aug 2021 #8

What is "not true" Caliman73 Aug 2021 #10

I support Warren's wealth tax. Nt spooky3 Aug 2021 #3

Is it one time tax? jimfields33 Aug 2021 #14

It's annual. Nt spooky3 Aug 2021 #16

Depends how much. Definitely support increase in Capital Gains, Estate Taxes and individual rates. Hoyt Aug 2021 #5

Absolutely. Iggo Aug 2021 #6

I know it won't happen, but we need to redefine "income"... TreasonousBastard Aug 2021 #7

Taxes on both wealth and income need to be steeply progressive. hunter Aug 2021 #15

I would actually lower it to $300k. roamer65 Aug 2021 #9

Other Ohio Joe Aug 2021 #11

Absolutely. FoxNewsSucks Aug 2021 #12

In California, the base amount after taxes is about $215k Sympthsical Aug 2021 #13

Housing prices in California are inflated by those who see it as a safe investment. hunter Aug 2021 #17

I've mentioned this before Sympthsical Aug 2021 #18