Rebekah Entralgo: Biden Is Right. No Billionaire Should Pay a Lower Tax Rate Than a School Teacher
Under the billionaire minimum income tax, billionaires would pay a tax rate of at least 20 percent on their full income, including unrealized appreciation, just like workers pay taxes on their paychecks each year.
Chuck Collins: Bring Back Eisenhower Socialism
During Eisenhower’s two terms between 1953 and 1960, the wealthy paid a top tax rate of 91 percent on incomes over the equivalent of $1.7 million for an individual and $3.4 million for a couple. That crafty pinko Eisenhower also presided over government-subsidized mortgages that helped millions of Americans purchase their first home and attend college for free.
Julia Conley: As Public Shouts Approval for Ocasio-Cortez’s 70% Tax Rate for Ultra-Rich, Elites at Davos Admit: “It’s Scary”
“It’s wild that some people are more scared of a marginal tax rate than the fact that 40 percent of Americans struggle to pay for at least one basic need, … Continue reading →
Paul Buchheit: America’s Children Face Income Inequality Unseen in Generations
Greater equality of wealth and opportunity can only be achieved through progressive policies, now and in 2020. The Inequality to be Suffered by Our Children The fortunate ones will not … Continue reading →
Marc Jampole: The Moral Aspect of Tax Policy
How much do the “deserving” rich really deserve? Not as much as they think. As Donald Trump and Republicans roll out their proposal to provide wealthy people with a massive … Continue reading →
Marc Jampole: President Obama’s new tax proposal
What took Obama so long to address our unfair tax system? And why is his plan so complicated? Barack Obama started with majorities in both the House and Senate. Six … Continue reading →