Biden to propose 25% minimum tax rate for billionaires like Musk, Bezos, Gates in State of the Union, aiming to reduce debt
@NewsWire_US It's about damned time they started paying their fair share again. When I was a working RN, I paid a *much* higher percentage of taxes(28-33%) than any millionaire, much less billionaires. They need to pay for what they use instead of creating staggering wage inequities.
@NewsWire_US Hmmmm wonder why Elon has been parroting conservative talking points for the last year even though he claims to be completely neutral 🤔🙄
@NewsWire_US While we're at it, we should prevent billionaires from taking out loans to skip taxes and start taxing ALL growth of net worth the same as salary, or more in higher tax brackets.
@NewsWire_US Friendly reminder to 99.99% of those that are going to get mad about this: You are closer to being homeless than being a billionaire.
@NewsWire_US So out of everything he could talk about, his big reveal is going to be to raise taxes. Wow, innovative and inspiring stuff.
@NewsWire_US Don't billionaires already pay that tax bracket? Or are we talking about a wealth tax?
@NewsWire_US Math is hard for people defending this proposal. It won’t reduce the debt, but it will reduce jobs.
@NewsWire_US Biden needs to learn the difference between capital allocation and consumption.
@NewsWire_US So that means those billionaire companies will just raise their prices of services to make up the difference.
@NewsWire_US It’s cheaper for billionaires to spend billions to ensure Republican victory than to pay this tax. Giving up progress and rights for personal beef with billionaires is insane.