Posted on Oct 26, 2021
Billionaire tax hits critics as Biden pushes for budget deal
1.64K
23
15
4
4
0
(10/26/21) Of note: Biden vows new taxes on Americans’ earnings of $400,000+, thus undoing Trump’s tax cuts on those earning $400,000+
Billionaire tax hits critics as Biden pushes for budget deal
Posted from news.yahoo.com
Taxes
Joe Biden
Office of the President (POTUS)
Wealth
Politics
Posted 3 y ago
Responses: 6
2
2
0
People that make that much a year aren't doing it by themselves. They have employees to pay. Which means they are paying the government in a lot of different ways already. Ask a small business owner about their overhead.
(2)
(0)
2
2
0
I suspect this won't pass and if it does, it may well be overturned at the Supreme Court
(2)
(0)
CMSgt Marcus Falleaf
Billionaires are still Americans. They already pay more than 70% of all federal taxes. It is not right even though it doesn't affect me. I'm not really even a thousandaire... Not sure that a flat tax might not be better.
(1)
(0)
1
1
0
61% of Americans paid no federal income taxes in 2020, Tax Policy Center says
The Tax Policy Center said 107 million households, or 61% of taxpayers, owed no income taxes in 2020. That's up from 76 million, or 44% of taxpayers, in 2019.
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google