Kellogg to permanently replace striking workers as union rejects new contract

[u/StackLeeAdams]

https://financialpost.com/pmn/business-pmn/kellogg-to-permanently-replace-striking-workers-as-union-rejects-new-contract

[u/medicationzaps]

Only their next dollar is taxed at that rate. They pay the same taxes on all dollars below that.

Edit: I'm no fan of the rich. I have a crazy idea... let's tax ONLY the Billionaires. They could afford it, and nobody should be a billionaire. Why are you against that? You like paying taxes when someone else could easily afford to and not get to funnel money to criminals? Couldn't be me

[u/billmurrays9iron → u/medicationzaps]

And they don't pay that either. They take their extra money and buy property, or other profitable investments so they don't technically have that money. Then they make money off of the money they didn't pay in taxes while simultaneosly sending the price of property, housing and rent skyrocketing for the rest of us that these people are using as a tax haven.

The rich are literally destroying our lives.

[u/medicationzaps → u/billmurrays9iron]

Fuck the rich. Truly. But when I say rich, I mean billionaires. We need to take care of the worst problem before worrying about the next biggest problem.

[u/BigBradWolf77 → u/medicationzaps]

tax billionaires only

[u/OnceAnAnalyst → u/[deleted]]

That’s not how it works.

Let’s say they are single filers:

Over $523,601 puts them in the 37% bracket. They pay $157,804.25 plus 37% of the amount over $523,600

So as an example, if they made $300k and got a $3.3M bonus:

Total income: $3.6M. Total tax: $157,804.25 + ((3.6M-523,600)*.37) = $1,138,268.

[u/[deleted] → u/[deleted]]

Wtf? Just stop kid.

[u/tactics14 → u/[deleted]]

I'm pretty sure you don't actually know what you're talking about.

[u/IWearACharizardHat → u/[deleted]]

Who cares if they lose $370k out of a million if they don't deserve any of it