May 20, 2022

1 thought on “Biden to Propose New Minimum Tax on Wealthiest Americans

  1. Does anyone actually believe that the people that make this much money don’t have accountants that make sure they are paying everything they should? Congress writes the tax code to give themselves and the very rich the loopholes they need to reduce their taxes that they pay. So what is Biden saying? Is he going to tax them 20% on what they earn, that would be a tax cut as they pay around what, 39% now. Or is he saying that he is going to tax them 20% on what they are supposedly worth. Money they have invested in stocks in businesses. Money they are using to create wealth for themselves and investors. Money they are using to build companies to hire workers. Capitalism is the greatest wealth builder ever invented. It just needs government to get out of the way.

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