Joe and Kamala want the rich to pay their fair share. But they don’t. Both pay less than what Joe wants the new rate to be. Now Joe paid around 23% and Kamala paid around 19% The new rate Joe wants?
Those making more than $400,000 a year would see their top tax rate on their income tax go up, from 37 percent to 39.6 percent. So the two didn’t even pay the 37%, so why raise it to 39?
Also Biden and Kamala paid 20% Capital gains tax. So will they pay the 39%?
IF I had one bill, one page, Tax the undocumented at 50%. Page 3. Here we go. I’m your congressman who has the power to pass one bill one page. Taxing the undocumented.
You have folks sending billions back to their homeland. Money earned here, but not spent here. So all those who are without greencards, you tax an additional 50%. That way they are spending some of their earnings to go towards the social services we provide to them.
They come here making more money in one year than they would in 10. Also being that you have companies willing to hire them, you can also penalize them for each undocumented person on the payroll.
The man just can’t stop Lying. Rich do pay taxes. Joe again told the same lie that he told 30 times now. The Rich only pay 8.5% Federal Tax Rate. And he was given Pinocchio’s for the 30th time. A review.
“Look, folks, you know how many billionaires we have in America today? One thousand. You know what their average rate — tax rate — federal tax rate is? Federal tax rate is 8.5 percent. Raise your hand if you’d trade your tax rate for 8.5 percent. I’m serious. Think about this. There’d be $40 billion raised if they even pay 25 percent.”
But if you check Treasury Department calculations for what the richest Americans already pay in taxes, you would see that the richest 1 percent pay in excess of 20 percent in income taxes and more than 30 percent in all federal taxes. Even if you drill down to the top 400 wealthiest taxpayers — data that was publicly available on an annual basis until President Donald Trump killed the report — they paid an effective tax rate of 23.1 percent in 2014. These taxpayers — with $127 billion of income — that year paid $29.4 billion in income taxes, or more than 2 percent of all income taxes, the IRS said. That’s more than the bottom 70 percent of taxpayers combined.
