Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.
The loop holes exist today too. But sure, let’s ignore that.
What do you have in mind to eliminate the disparity in wealth that plagues us, reducing the American standard of living to subsistence and poverty? I’m sure ya have one, right?
The price of rent is caused by wildly popular limits on construction of new housing.
“The top tax rate bracket in the US was over 90% from 1944-1963.”
Discussing this without mentioning the ridiculous loop holes is either ignorance or bad faith. And I don’t care for either.
The loop holes exist today too. But sure, let’s ignore that.
What do you have in mind to eliminate the disparity in wealth that plagues us, reducing the American standard of living to subsistence and poverty? I’m sure ya have one, right?