SOAK THE RICH
For years, Democrats have proposed to soak the rich. A familiar call from the Democrats is for the wealthy to pay their “fair share.” In fact, they do, but it makes good political chatter. If you were to examine the IRS data for 2021, it will show the actual facts which show that the top 1% of Americans reported 26.3% of the country’s adjusted gross income, while paying 45.8% of total income taxes. Is this not a “fair share” to President Biden? The truth is that the income tax is already steeply progressive. The top 10% of earners in 2021provided 75.8% of the revenue. In addition to plan, we get higher inflation and prices which we all feel, including gasoline, food and power. Same old story. “Don’t tax me, don’t tax thee, tax that man behind that tree.”
CONSTITUTIONAL CONVENTION