No, the top tax rate is 37%.
With lottery prizes, the full amount is usually only available as annuity payments over 20-30 years. If you pick a lump sum, it’s typically only 40% of the full amount.
This winner chose the lump sum payment, so his lottery prize was about $600,000,000.
I’ve already addressed that point.
With such a high majority it would have just been overturned immediately, so no, he couldn’t have vetoed the bill. An attempt to do so wouldn’t have helped at all and might have undermined future cooperation.
No, he doesn’t. This is Trump just hurling executive orders at things he doesn’t like.
I clarified further. In the rail strike case, it was a senate bill, not an executive action. And the bill passed 80-15. Biden signed the bill, but that isn’t the same thing at all.
That’s incorrect, and these situations aren’t close to comparable.
When Biden was in power, eight out of twelve unions had already ratified the contract, and the senate passed a bill to force the final four to accept it. It passed 80-15, so Biden couldn’t have vetoed it if he wanted to.
Trump is attempting to ban unions altogether, by executive order.
I agree with what you’re saying and also it feels worth pointing out how pervasive the rhetoric of profitability has become.
We don’t talk about the military running at a loss, or the department of transport, or any other part of the government. We talk about their cost, because that’s really what it is. Services don’t “lose” money, they cost money.
They’re describing LORAN.
It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
Couldn’t agree more. And they want that control because of greed.