in the wealth of the richest Americans during the pandemic and repeatedly said that billionaires and corporations should “pay their fair share” in taxes, adding that “ordinary hard-working Americans” have basically “been cut out of the deal.”Wednesday to move forward on a set of sweeping tax proposals included in the Democrats’ $3.5 trillion budget package, setting the stage for a floor vote in the next few weeks.
In their plan, Democrats proposed a slew of measures targeting high-income Americans, including hiking the top income tax rate to 39.6% from 37% for Americans making more than $400,000 per year andDemocrats also proposed raising the top capital gains tax rate from 20% to 25% and the corporate tax rate from 21% to 26.
in federal taxes last year. “If you can make a million or a billion dollars, that’s great, but all I ask is that you pay your fair share, and that’s not happening.”According to a report from the Treasury Department last week, the top 1% of taxpayers, ranked by income,to pay about $163 billion in taxes last year—making up about 28% of the nation's growing tax gap.
I bet the rich are living this! 🤦♀️
What does he and wife pay?
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