Tax the rich? Okay, double down on Hollywood millionaire’s taxes
New tax: Any fee of $1 million or more, the performance for which is substantially completed over the course of six months or less, is hit with a 20% surtax above and beyond normal tax rates. If the work for fee is completed in five months or less, 30%; if the work for fee is completed in four months or less, 40%; if three months or less, 50%.
Reason? If you’re making $10 million on a Hollywood shoot that lasts six weeks, that’s not fair. Even among millionaires, that’s not fair. The usual millionaire must work a full year for that kind of money. But a high paid actor, or athlete, can make that much in a season, and then take the rest of the year off.
That’s leisure time the average person doesn’t have– even the average millionaire doesn’t have it.