"This has gone from one of the most attractive places to start a business to the least attractive," said Brian Heywood, a hedge fund millionaire whose political action committee collected more than 500,000 signatures to place the tax repeal on the ballot.
Keep in mind that a person who can accumulate ~3 million dollars - and invest it well - is well on their way to financial independence; their money itself will make them enough to last the rest of their life.
Sounds like in order to help Brian put things in perspective, we need to tax him and other millionaires everywhere else too.
Let me guess, Donald doubled the tax rate ?
Sadly due to inflation, we need to stop using "millionaire" as a synonym for "rich".
1 in 5 households in America are millionaires.
Especially so, if you count unrealized gains. My house has tripled in value since I bought it, but it hasn't made me any richer.
Thats nothing, everyone in Zimbabwe is a zillionaire.
This is a tax on annual income over $1M, not in net worth in the millions
Sounds like in order to help Brian put things in perspective, we need to tax him and other millionaires everywhere else too.