Joseph A di Paolantonio
boosted
Folks with a single 1-off really good year of income shouldn't be taxed but those regularly pulling in a high income (eg billionaires, ceos, head coaches) should.
> Some legislative Democrats are eyeing a 9.9% “millionaires tax” on adjusted annual gross income over $1 million. Ferguson endorsed this version of the proposal. Less than 0.5% of Washingtonians would be subject to the tax, and it’s expected to raise $3 billion per year.
