jeffw@lemmy.worldM to News@lemmy.world · 9 months agoUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgexternal-linkmessage-square133fedilinkarrow-up1836arrow-down112cross-posted to: news@lemmy.world
arrow-up1824arrow-down1external-linkUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgjeffw@lemmy.worldM to News@lemmy.world · 9 months agomessage-square133fedilinkcross-posted to: news@lemmy.world
minus-squareJimmyeatsausage@lemmy.worldlinkfedilinkarrow-up11arrow-down1·9 months ago0.1% of a billion dollars is still 10m. Since we’re on track to see our first trillionaires soon, I’d argue we need a 100% tax bracket as well. 0.1% of a trillion is 10 billion.
minus-squarebartolomeo@suppo.filinkfedilinkarrow-up8arrow-down1·9 months ago 0.1% of a billion dollars is still 10m. It’s 1m.
minus-squareJimmyeatsausage@lemmy.worldlinkfedilinkarrow-up1·9 months agoYou’re correct, I multiplied by .01 instead of .001.
minus-squareKittyCat@lemmy.worldlinkfedilinkarrow-up2·9 months agoWouldn’t matter, 99.9 is enough to trash these fortunes within a few years.
0.1% of a billion dollars is still 10m. Since we’re on track to see our first trillionaires soon, I’d argue we need a 100% tax bracket as well. 0.1% of a trillion is 10 billion.
It’s 1m.
You’re correct, I multiplied by .01 instead of .001.
Wouldn’t matter, 99.9 is enough to trash these fortunes within a few years.