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I was really hoping it would target people with like ludicrous incomes, like 2m+ a year or something, going after 480k+ is grabbing high performing professionals as well, doctors, lawyers, engineers, successful small businesses, etc.


The overall median income for all full-time workers in the USA is $39.5k. For full-time with a doctorate it is $79k. I think that 5-10x the median income of any education group is an ok place to pay higher capital gains.

$480k puts you more than $100k into the top 1%...


But these high earners already pay fair share of tax.

I thought we would target billionaires, no?


maybe it should be based on net worth and not income


how did you determine "fair share"


If you make 500-600k, you aren't going to feel this _that_ much..it's a tax bracket after all. So this does target 1-2m earners.


Thats the sweet spot of cash to lose without impoverishment or negative impact but not so much cash to fight it or evade it.




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