Posted on 10/04/2023 3:50:37 AM PDT by grundle
You know you’re “rich” when you can stop going by the name “Sandy” and you can quit your job as a waitress at the taco and tequila shack.
When you list your boyfriend as your spouse, so taxpayers will pay for his travel expenses... that’s rich.
“AOC Redefines the Term ‘Rich’”
AOC Redefines the Term ‘Bitch’
There, fixed it
The IRA passed last year included $45B ($450B over the next decade*) in tax increases but federal revenue fell 20% the first two quarters 2023. Taxes have consequences.
* https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/16/fact-sheet-one-year-in-president-bidens-inflation-reduction-act-is-driving-historic-climate-action-and-investing-in-america-to-create-good-paying-jobs-and-reduce-costs/
They’re running out of money b/c so many of the “rich” that they’ve taxed to death have moved to Florida and other more tax-friendly states.
She won’t stop at 5%, as the money dwindles, that 5% will become 10% and then 20%.
Someone’s got to pay for the 100,000+ illegals - with more coming - food, housing, medical care, schooling, etc.
California too.
Income wise, the top 5% is roughly $330,000+ according to Investopdia.
When many of the now top 5% leave the state, the new top 5% will average far less income but will then be subject to the higher tax rate. Count on it.
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