- Sep 19, 2011
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Below Team Biden clings to reconciliation bill zero-cost claim was shot down by Washington Post fact-checkers
Biden's senior adviser, repeated the claim on Sunday, saying the $3.5 trillion budget reconciliation bill – which Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., have stalled – will cost nothing.
So let's see what the "Billionaires" will need to pay to have it "cost nothing"!
A)What the pro-tax the rich web site says..
B)What happens if we tax the 614 Billionaires in the USA of their $2.9 trillion total assets assuming 7% of their assets earn net before taxes income and then it is taxed at 50%...
In either event... no where near the $3.5 trillion will make it "cost nothing"!
Biden's senior adviser, repeated the claim on Sunday, saying the $3.5 trillion budget reconciliation bill – which Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., have stalled – will cost nothing.
Fact Sheet: Taxing Wealthy Americans - Americans For Tax Fairness
Key Facts The richest 1% of Americans own 35% of the nation’s wealth. The bottom 80% own just 11% of the nation’s wealth. In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. Today, the top rate is 43.4%. The richest 1% pay an …
americansfortaxfairness.org
A)What the pro-tax the rich web site says..
Fact Sheet: Taxing Wealthy Americans - Americans For Tax Fairness
Key Facts The richest 1% of Americans own 35% of the nation’s wealth. The bottom 80% own just 11% of the nation’s wealth. In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. Today, the top rate is 43.4%. The richest 1% pay an …
americansfortaxfairness.org
In either event... no where near the $3.5 trillion will make it "cost nothing"!