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noob_tube03 t1_ivqa3l3 wrote

Reply to comment by Chunderbutt in In divided U.S., Massachusetts turns deeper blue; Turnout in Cambridge, Somerville is under 50% by blackdynomitesnewbag

I mean, you wanted to know the other perspective. Obviously if only 6% of the state theoretically is impacted each year, there is a much larger part of the population that worries they will be part of that 6% over their lifetime. Which is what the study points out; the majority of that 6% is single income incidents. I mean, you might as well just increase the taxes on lottery winnings if thats the goal

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andr_wr t1_ivqdsul wrote

I'm ok (and most of Mass. is ok, apparently) with the landed gentry/capitalists having to pay an additional 4% of tax on their one-time earnings in excess of $1,000,000.

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Chunderbutt t1_ivqrhcf wrote

I think you hit on it when you mentioned that people are worried they’ll be rich and have to pay taxes. That’s an American disease .

Otherwise the study you cited makes more of an argument for raising the tax higher if we don’t think it will collect enough money.

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GloopyGlop t1_ivrtv5m wrote

It’s not 6% of the state that’s impacted. They say in the article it would apply to around 0.6% of the state. The part that you quote with 6% is not referring to 6% of the entire state, but 6% of the people who exceed the 1 million dollar threshold.

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