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This is why we tax the rich
the top 10 percent held 69.8 percent of total U.S. net worth (which is the value of all assets a person holds minus all their liabilities). The top 1 percent held about half of that wealth – 32.1 percent, while the next 9 percent held approximately another half at 37.7 percent.
The top 1% of Americans have about 16 times more wealth than the bottom 50%
So 10% have 70% of the wealth of American
(Republican senators and Senate Minority Leader Mitch McConnell, is a repeal of the estate tax.
The #DeathTax is an unfair tax that burdens family farms & ranches. Tragedy & loss shouldn’t be exploited to fill the federal government's coffers. Today, I led colleagues, including @LeaderMcConnell, @MikeCrapo, & many more, to reintro a #DeathTaxRepeal.
That’s a tax paid by only 2,500 of America’s 153 million tax filers, all of whom are (or were) among the richest Americans. Also, 100% of those on whom the tax is levied are dead when the bill arrives.
But Jim says we’ll we got a tax cut…. Again the 2 are not even comparable the only thing they have in common is the words Tax Cut .. The Republicans don’t like the infrastructure bill because it helps Americans and those Americans vote. And they can’t allow Biden to pass something to help Americans the True face of the Republican Party
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