Comment on YSK that americans can now deduce private jet expenses from their taxes
AA5B@lemmy.world 1 week agoCertainly a bigger problem is how someone who can afford over $1M private jet would be in only the 35% bracket
Comment on YSK that americans can now deduce private jet expenses from their taxes
AA5B@lemmy.world 1 week agoCertainly a bigger problem is how someone who can afford over $1M private jet would be in only the 35% bracket
HeyThisIsntTheYMCA@lemmy.world 1 week ago
I’m out of the loop did they get rid of 39%?
AA5B@lemmy.world 1 week ago
Nope, you’re the only one who knows what’s going on!
I was repeating the number from the person I replied to - it did cross my mind that there’s a higher bracket, but I took the number - the existence of one more bracket doesn’t really change anything. Why do the brackets end when there are so many people so much wealthier? While I understand wealthy people tend to get money through other types of income, and that’s an even bigger issue, we should have more brackets. It seems like everyone agrees to have a partly progressive income tax (disregarding other types of income) with brackets so wealthier people pay a higher percentage, it shouldn’t end at what may be considered the lowest income of the wealthy.