You want to cap everything at 10 mill? So what if you started a business and work for years and years then it finally takes off and you start making 30 - 40 - 60 mill .
So what you're saying is if you make 40 million, that first 10 is going to taxed at the state and fed level which will leave you with about 5 mill out of that first 10, then the rest (30M) gets taxed at what, 90%? So out of 40 mill you're left with about 8 mill total?
You do know people making 7 figs are taxed at like 50% as it is. What you're proposing is an close to an 80% tax rate.
Can you imagine making 40 mill only to have to give the government 32 mill of it?
For what? all the illegals and lazy gibemedats? fuck that.
That sounds fair?
What are the tax rates in serbia? Have you ever had a seven figure earning year in your life? My guess is No fucking way. You would never advocate for this shit.
You know the saying "the only good commie is a dead one," comes to mind here.
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