It’s not just the ‘rich’ who get screwed by lefties’ tax-athons
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It’s not just the ‘rich’ who get screwed by lefties’ tax-athons
Perhaps the biggest myth in American political life is that the wealthy don’t pay their “fair share.”
And yet, class warfare isn’t merely at the center of the Democrats’ economic messaging and policy — it’s become the entire game.
Democrats have two new tax plans out, both playing on the notion that the middle and working class is unduly burdened by taxes.
One, from Sen. Chris Van Hollen, would exempt anyone making $46,000 or married couples making less than $92,000.
Then there is Sen. Cory Booker’s “Keep Your Pay Act,” which would effectively eliminate federal income tax on individuals making below $37,500, and $75,000 for couples.
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The United States is already home to one of the most progressive tax systems of any developed nation in the world.
The wealthiest pay the preponderance of our federal income taxes: The Treasury Department estimates that the top 10% of households pay around 80% of all federal income taxes.
The top 1% pay 40%; the bottom 50% of American workers pay around 3% of the federal tab.
But no politician........
