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A comment on California plan for wealth tax on anyone who spends 60 days a year in the state. Parent comment

Re:California plan for wealth tax on anyone who spends 60 da... by Pfhreak on Saturday December 19, 2020 @12:48PM (#25479353)
Bezos started with hundreds of thousands of dollars and a secure living arrangement, from what I understand.

And if you are making $100k, you aren't the target of anyone's tax plans.

[ Parent | on HN ]
Re:California plan for wealth tax on anyone who spends 60 da... by leetcrew on Saturday December 19, 2020 @01:38PM (#25479859)
nah, if you make $100k (especially if it's straight W-2 income) you have basically just entered the range where you have enough disposable cash to be worth taking but not enough to do anything about it. no one will say so explicitly, but this group is the prime target for taxation.
[ Parent | on HN ]
Re:California plan for wealth tax on anyone who spends 60 da... by Pfhreak on Saturday December 19, 2020 @01:57PM (#25480061)
In general, wealth taxes are not aimed at 100k earners. Neither are capital gains taxes. Nor are "tax the rich" movements.

While yes, at 100K you can probably afford to pay some taxes, it's not where we should be looking to solve any real meaty problems.

[ Parent | on HN ]