How much in taxes will the 33,000 people that make over $400,000 pay at say 50% rate?

healthmyths

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.01% make $400,000 or more before taxes. or 33,000 people.
So a little math... 33,000 make over let's say the average $1,000,000 just to take in those that make say $10 million or more.
Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!

BUT in the meantime... Trump has collected almost 3 times that amount from TARIFFS!!!
As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data.
What's more, the tariff bounty is on the rise. The U.S. collected $6 billion in tariffs in June, up from $5.3 billion in May and $4.8 billion in April, after Mr.Aug 7, 2019
U.S. Collected $63 Billion in Tariffs Through June - WSJwww.wsj.com › articles › u-s-collects-63-billion-in-chines...
 
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Billy_Bob

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Not enough to fund the handouts they are claiming they are going to make happen....

When the Trump tax cuts are removed, EVERYONE will get a 6,500.00 tax bill and its not just gonna be those making over $400,000.00...
 

harmonica

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..the rich pay MORE than their fair share.....you can't just keep raising taxes!!....that destroyed a lot of communities/etc
 

Winston

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.01% make $400,000 or more before taxes. or 33,000 people.
So a little math... 33,000 make over let's say the average $1,000,000 just to take in those that make say $10 million or more.
Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!

BUT in the meantime... Trump has collected almost 3 times that amount from TARIFFS!!!
As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data.
What's more, the tariff bounty is on the rise. The U.S. collected $6 billion in tariffs in June, up from $5.3 billion in May and $4.8 billion in April, after Mr.Aug 7, 2019
U.S. Collected $63 Billion in Tariffs Through June - WSJwww.wsj.com › articles › u-s-collects-63-billion-in-chines...
Hey genius, who paid those tariffs?
 

Toddsterpatriot

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Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!
They're already paying more than 30%.

His plan would only raise $10 billion.
 

edthecynic

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U.S. government has collected $63 billion in tariffs over the preceding 12 months
Still way short of the Tramp standard campaign lie of $100 billion!
“I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers,”
- Donald Jackass Tramp.

BTW, American consumers pay the tariffs, so it just another Tramp tax increase.
 

Mac1958

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Here's a crazy idea. How about GOP actually behaves like the party of fiscal restraint and make a good, solid, responsible pledge?

Have all your candidates run on EXACTLY how they're going to decrease spending. Tell us EXACTLY what programs they will cut and by how much. So, military, social security, Medicare, Medicaid, social programs, departments. SHOW us.

If they can convince the public to vote for them, and if they win, the FIRST thing they have to do is cut spending per their promises. THEN they can cut taxes accordingly. Poof! Problem solved!

Until and unless they make that pledge, this complaining is nothing more than lip service. It's bullshit. People have been conned.
 
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colfax_m

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.01% make $400,000 or more before taxes. or 33,000 people.
So a little math... 33,000 make over let's say the average $1,000,000 just to take in those that make say $10 million or more.
Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!

BUT in the meantime... Trump has collected almost 3 times that amount from TARIFFS!!!
As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data.
What's more, the tariff bounty is on the rise. The U.S. collected $6 billion in tariffs in June, up from $5.3 billion in May and $4.8 billion in April, after Mr.Aug 7, 2019
U.S. Collected $63 Billion in Tariffs Through June - WSJwww.wsj.com › articles › u-s-collects-63-billion-in-chines...
You REALLY shouldn’t use answers.com for statistical data. You’re off by at least 2 orders of magnitude.

 

Mac1958

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.01% make $400,000 or more before taxes. or 33,000 people.
So a little math... 33,000 make over let's say the average $1,000,000 just to take in those that make say $10 million or more.
Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!

BUT in the meantime... Trump has collected almost 3 times that amount from TARIFFS!!!
As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data.
What's more, the tariff bounty is on the rise. The U.S. collected $6 billion in tariffs in June, up from $5.3 billion in May and $4.8 billion in April, after Mr.Aug 7, 2019
U.S. Collected $63 Billion in Tariffs Through June - WSJwww.wsj.com › articles › u-s-collects-63-billion-in-chines...
You REALLY shouldn’t use answers.com for statistical data. You’re off by at least 2 orders of magnitude.

Let's use FOX to play this safe.


It averages out to $380 billion a year over 10 years. I've also seen $300 billion per year. But not $20 billion a year.
 
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BluesLegend

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None, the tax increases will be passed down to the poor and middle class like always.
 
OP
H

healthmyths

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.01% make $400,000 or more before taxes. or 33,000 people.
So a little math... 33,000 make over let's say the average $1,000,000 just to take in those that make say $10 million or more.
Hmmm 33,000 time $1,000,000 equals $33 billion total income.
So let's see... tax them at 60% would mean about $20 billion! $20 billion folks! That's Biden's plan. Tax people over $400,000 to get $20 billion!

BUT in the meantime... Trump has collected almost 3 times that amount from TARIFFS!!!
As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data.
What's more, the tariff bounty is on the rise. The U.S. collected $6 billion in tariffs in June, up from $5.3 billion in May and $4.8 billion in April, after Mr.Aug 7, 2019
U.S. Collected $63 Billion in Tariffs Through June - WSJwww.wsj.com › articles › u-s-collects-63-billion-in-chines...
You REALLY shouldn’t use answers.com for statistical data. You’re off by at least 2 orders of magnitude.

YOU are 100% correct! I shouldn't have used that data so I went to the IRS directly.
Worked on this spreadsheet and since IRS didn't break at $400,000 I broke at $500,000 knowing Biden is so smart!!!
So to get the $3.8 trillion per year over the next 10 years the 1,647,637 people making $500K or more will have to pay on average
126.5% of their gross taxable income to pay in $3.8 trillion a year.
I'm sure they will do that!

IRS_BidenTax102120.png
 

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