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View Diary: Sen. Sanders proposes 5.4% surtax on millionaires. More like this guy, please! (227 comments)

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  •  To be clear (1+ / 0-)
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    sethtriggs

    This bill proposes a 5.4% surcharge tax on the amount of personal (modified adjusted gross) income over $1m ($2m for joint return filers). That is, businesses (including small business) are unaffected and the surcharge doesn't apply to your first million of salary at all.

    Never wear your best trousers when you go out to fight for freedom and truth. -- Henrik Ibsen

    by mik on Fri Mar 11, 2011 at 09:13:05 AM PST

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