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.

  • Kage520@lemmy.world
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    2 years ago

    We need different terms for people who HAVE a million dollars and people who MAKE a million per year. Lots of people will read this millionaire’s tax and think it will apply to them when they are nearing retirement since they finally have a million dollars after saving all their life.

    • abraxas@lemmy.ml
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      2 years ago

      That’s what the campaign to quash the bill did. That, and tried to convince people that they might have a single multi-million-dollar transaction in their life (like selling a large successful business) and have to pay an extra 4% on it.

      Always a push to get the “temporarily embarassed millionaire” to support the reach. “Yeah, yanno. My little lawmowing operation that makes me $20,000 coild sell for over a million and then I’m fucked”

      • Hoomod@lemmy.world
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        2 years ago

        Ah, the Philip J. Fry mentality

        “someday I might be rich, and then people like me better watch their step”

  • Dark_Lords_Servant@lemmynsfw.com
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    2 years ago

    A European here. Aside from going in the right direction, I have a question: Don’t the rich already pay most of their earnings as taxes? So the problem is not that they are not getting taxed, but rather that they avoid paying them through loopholes? Or is that a billionaire problem?

  • kiwwimix@lemmy.ml
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    2 years ago

    Let’s fucking goooo!!! I love my home state ❤️. I wish they did this sooner.

    • GiddyGap@lemm.ee
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      2 years ago

      Mass is doing so many things right. There’s still a long way to go to get to European standards, but still doing a lot better than most states.