Yes, everyone making under $250,000 a year should pay what they’d pay before the tax cuts and jobs act, income tax rates on people making $250,000-$400,000 a year not including capital gains should have a 38% rate, people making $400,000-$1,000,000 a year should pay 40%, people making $1,000,000-$10,000,000 a year including capital gains other than real estate and deducting capital losses other than real estate, should have a 55% income and capital gains tax bracket and 40% on unrealized capital gains, , people making $10,000,000-$1,000,000,000 a year including all capital gains and without capital losses the income and capital gains tax rate should be 70% as well as 55% on unrealized capital gains, people who make $1,000,000,000 or more in income and capital gains and up should pay 85% and unrealized capital gains should be taxed at 70%, capital gains that don’t fit this scale should be taxed 35%, and unrealized capital gains that don’t fit the scale should be 20% for stocks and bonds and 0% for real estate. Rich people who lose money in the year should still pay a lot of taxes, however, so billionaires who lost money or made lower than $10,000,000 in capital gains should owe a 3% net worth tax, and millionaires in general should pay a 0.1% net worth tax. Of the money raised from these taxes, half should go to the Green New Deal which will start with the Green portion, and half will go to paying off the national debt.
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