minus-squareredandgray@beehaw.orgtoU.S. News@beehaw.org•A 4% income tax on millionaires will make lunch free for Massachusetts K-12 studentslinkfedilinkarrow-up7·1 year agoRemember that this is a marginal income tax rate, i.e. it does not apply to the first $1 million of taxable annual income, only to the amount in excess of that threshold. linkfedilink
Remember that this is a marginal income tax rate, i.e. it does not apply to the first $1 million of taxable annual income, only to the amount in excess of that threshold.