General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMedia should stop asking if the Dems "can land the plane" and begin to ask is the GOP and
Sinema and Manchin will stop choking the pilot!
TAX the rich period!! 1% across the board for millionaires and billionaires for first 3 years! .05% for the next 3 years and .01% for final 4 years of the 10 years! Stop trying to give loop holes and close the ones that already exist. AND collect the money already owed by these people that's how Biden can pay for his plan.
IRS and even the state had no problem collecting the taxes I owed from a mistake on the tax filing before my spouse died from COVID. They sent letters and enforced a refund offset for the state which meant that my Fed tax refund did not come to me. For 2019, the Feds simply took the money from my bank account ($1355). As soon as my annuity hit the bank it was taken.
So what is the problem collecting taxes owed by millionaires?
FalloutShelter
(11,834 posts)Tax the rich
JHC
they wont even miss it.
Their aversive is so deep and corrupting that they resent paying their fair share even though they will NEVER MISS IT.
PSPS
(13,580 posts)Reagan started it all when he slashed it to 28% plus generous new loopholes that allowed the rich to pay nothing.
Patton French
(747 posts)The tax rates youre referring to were for income.