Reply to For those with high HHI ($500K), tax saving strategies

Forum Index » Money and Finances

Reply to "For those with high HHI ($500K), tax saving strategies"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.newsweek.com/former-starbucks-boss-leaving-washington-what-we-know-11657833

Starbucks founder is leaving Washington State. Washington State passed a tax of 10% on anyone earning 1million dollars over and above the existing taxes.[/quote]

Washington state has no income tax. So 10% on income only over a million is basically nothing. [/quote]

Not to people making more than $1M.  Also, there is no "double to $2M" for couples filing jointly.  So it is incredibly unfair tax as well.  Where else do we tax someone single starting at $1M and a couple starting at $1M as well?   Nowhere because it's unethical and wrong.

[/quote]

What a bizarre statement.  It's unethical to tax someone at $1MM in income vs. most states that tax everyone at all income levels with like a $30k exclusion but you hit the maximum marginal tax rate at like $200k?

In what universe is that unethical?  Would you prefer that everyone making $100k+ pay income tax, and you still hit a 10% marginal rate at $1MM+ (but now the person earning $1MM is paying taxes on another $900k)?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics