Biden Budget Seeks a Big Tax Hike on Rich

Biden Budget Seeks a Big Tax Hike on Rich
2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-400x289.jpghttps://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-1024x739.jpg 1024w, https://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-768x554.jpg 768w, https://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-1536x1108.jpg 1536w, https://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-2048x1477.jpg 2048w, https://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-600x433.jpg 600w, https://www.daybreakinsider.com/wp-content/uploads/2022/03/2022-03-23T000000Z_2116359695_RC2F8T9QVUPT_RTRMADP_3_USA-PHILANTHROPY-MACKENZIE-SCOTT-450x325.jpg 450w" alt="" width="400" height="auto" />

Which includes taxing unrealized investment income. Jazz Shaw notes “Just as a reminder, under the current system, the top ten percent of earners in the United States (those making more than $151K per year) pay more than 70% of the taxes collected by the government. The top one percent (making more than $546K) pay nearly 40% by themselves. The idea that high earners aren’t “paying their fair share” is simply a display of intentional ignorance.”

Hot Air

You need to be a member of Command Center to add comments!

Join Command Center

Email me when people reply –

Replies

  • Have any of you ever worked for a poor guy?
    The so called rich provide the majority of jobs and anyone who owns a small business knows how much it takes in personal effort and financially to be in business.......and we get hit at every turn by government!

This reply was deleted.