Headquarters, the "new Gen-Z led progressive content hub," is taking over Kamala Harris's "Kamala HQ" account and has already made one change after online backlash.The news was announced by former Vice President and 2024 Democratic presidential nominee yesterday, in partnership with People For the A...
The upper middle class already pays too much in taxes. They’re ones paying ~40%.
It’s the wealthiest 0.01% who’re only paying a tiny fraction of that. They’re the ones who need to be taxed more. They’re the “Donor Class” who drop $20-100k on political donations each cycle. Which of course is another tax deduction for them to take advantage of.
Uhh where are you where political donations, either to candidates directly, or to PAC/501c(4) are deductible?
They are not. It says so right on the ActBlue page and everywhere else. It’s a legal requirement that people be notified that their donations are not tax deductible.
I didn’t realise that. I just assumed I guess.
I’d say that I wish they were, particularly as during this cycle I’m stretching my budget to sprinkle some around on good candidates, win or lose.
But, overall I think they should NOT be deductible.
I also agree with your sentiment that people in the ~120k range are firmly “middle class” now for whatever that’s worth.
Of course, there are regional variables too — that money in Jackson MS is very different than in Brooklyn NY
Both need to be taxed more, along with systemic changes to reduce the cost of living.
Where do you think the upper middle is?
It’s your entry level doctor or lawyer. Your average engineer or licensed construction worker. People making ~$120k/year. They aren’t the problem, and they’re already the most taxed people we have.
Don’t lump them in with the CEOs making 400x what their median employee gets. We need them on our side.
They’re closer to us, than them. The difference between 120 and 40 is 80. The difference between 120 and 1000 is 880. 11 times as far.