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Earning a six figure salary right out of law school, in her corporate work she never entered a court room and she had very little interaction with clients.
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In fact, if you're earning a million dollars a year, you shouldn't get special tax subsidies or deductions.
"The total group suddenly went from earning a hundred thousand dollars a year to four million a year," he told me recently.
"And by the way, those earning a million dollars would get a tax cut.
And among households earning a million to ten million, the average tax rate is twenty-six per cent.
This money is never invested, earning a zero rate of return.
"Pathetic old goats annually earning a million dollars," Mr. Shane says.
Among households earning a hundred thousand to two hundred thousand dollars a year, the average tax rate is eighteen per cent.
For taxpayers earning a million dollars a year, the annual extra cost would be twenty-one hundred and twenty dollars.
Still, this is not the same as earning a million dollars with your new revenue model.
To take a very basic example: giving one euro to the person earning a hundred euros a day will not significantly enhance her well-being.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com