Massachusetts passed a 4% tax on people who make more than $1 million a year. Revenue from the new income tax is being used to give kids lunch and breakfast at school. Massachusetts is the eighth...
Massachusetts passed a 4% tax on people who make more than $1 million a year.
Revenue from the new income tax is being used to give kids lunch and breakfast at school.
Massachusetts is the eighth state to start free lunches since a pandemic-era federal program ended.
There's 58,000(ish) people in the UK who make more than £500K. I wonder what the return was if we had a policy like this one in place? Great to see, especially in the US.
There's 58,000(ish) people in the UK who make more than £500K.
I wonder what the return was if we had a policy like this one in place?
The HMRC data goes from £500K to £1M without any real steps between, so it was just easier. It'd be A LOT of revenue, even if each of those people would be at £1M to be honest. £2.3B extra for...
The HMRC data goes from £500K to £1M without any real steps between, so it was just easier.
It'd be A LOT of revenue, even if each of those people would be at £1M to be honest. £2.3B extra for social enterprises in the UK? Yes please. That's at the base level of £1M p/a as well. We've got a fair few more billionairres than that to tax.
There's 58,000(ish) people in the UK who make more than £500K.
I wonder what the return was if we had a policy like this one in place?
Great to see, especially in the US.
The law in Mass. would be equivalent to make more than 787,668 pounds a year.
The HMRC data goes from £500K to £1M without any real steps between, so it was just easier.
It'd be A LOT of revenue, even if each of those people would be at £1M to be honest. £2.3B extra for social enterprises in the UK? Yes please. That's at the base level of £1M p/a as well. We've got a fair few more billionairres than that to tax.