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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    1 year 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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      1 year 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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        1 year ago

        Ah, the Philip J. Fry mentality

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

    • Buelldozer@lemmy.today
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      1 year ago

      We need different terms for people who HAVE a million dollars and people who MAKE a million per year.

      We have them. The first is referred to as “Wealth” or “Worth” and the other is referred to as “Income”. Therefore what Mass instituted is called an Income Tax.