MAGS ๐โ๏ธ๐
@Crypto_Mags
Host of @Magsplaining_: Money/Bitcoin, AI, & power shifts. Advisor @PRTIinc @ddcbtc_. Launched 1st ๐จ๐ฆ Bitcoin fund in 2019. Vibe2Flow for @VibeCapitalMgmt.
Joined July 2017
2.9K Following 28.6K Followers
We saw what happened in California, wealth with leave BC
UPDATE: We now have the rate details.
And this is much broader than the โmillionairesโ taxโ initially advertised.
The proposed B.C. provincial rates would increase:
โข 16.8% โ 18.8% on taxable income from $190,405 to $265,545
โข 20.5% โ 22.5% from $265,545 to $1 million
โข A new 24.5% rate above $1 million
That means the combined federal/B.C. top marginal rate would become an astonishing 57.5%.
And notice where the tax increases actually begin: roughly $190,000, not $1 million.
So much for simply asking โmillionairesโ to pitch in a little more.
Iโll have much more to say about this.
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