Biden to big corporations and the ultra-wealthy:
‘Pay your fair share’
Yahoo Finance’s Jessica Smith reports on key takeaways from Biden’s remarks on his plan to raise taxes and the U.S. economic outlook.
news.yahoo.com
View attachment 540477
From the above table as found in the following link:
Top 10% of Income taxpayers paid 70.1%
The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).
taxfoundation.org
While...
61% of Americans paid no federal income taxes in 2020, Tax Policy Center says
The Tax Policy Center said 107 million households, or 61% of taxpayers, owed no income taxes in 2020. That's up from 76 million, or 44% of taxpayers, in 2019.
www.cnbc.com
So Biden... what is a
"FAIR SHARE"???
The top 10% paid $1.122 Trillion of the total $1.601 Trillion paid... 70.1% or a taxable rate of 21.5%
Biden supporters what would be a FAIR share...???