Democrats Reach Agreement on Tax Hike for Wealthy

[applegrove]

Democrats Reach Agreement on Tax Hike for Wealthy

July 7, 2022 at 2:47 pm EDT By Taegan Goddard 29 Comments

https://politicalwire.com/2022/07/07/democrats-reach-agreement-on-tax-hike-for-wealthy/

"SNIP.......

“Senate Democrats have reached an agreement to raise taxes on some high earners whom they say are abusing a loophole to slash their tax bills,” NBC News reports.

“The lawmakers, the sources said, plan to close the tax break for those earning more than $400,000 a year, requiring them to pay 3.8 percent in taxes on certain income from pass-through businesses, in what is effectively a slimmed-down package after the Build Back Better Act stalled last year.”

....SNIP"

[Meadowoak]

1. 3.8% how will they ever survive? How about 38% instead.

[TheRealNorth]

3. My bag of Doritos is taxed more.

[jimfields33]

5. We can use that money. I don't care what the percentage is.

This is money the government didn’t have and now we do. It will go up.

[Meadowoak]

7. Kinda pisses me off, I gotta pay 28% on the money I bust my ass for while

These fuck sticks only gotta pay 3.8% on money they didn't have to lift a finger for.

[jimfields33]

8. They pay the 28 percent too. This is from 400K on.

[cilla4progress]

2. Including

Manchin and Sinema??

[Mad_Machine76]

4. I would assume so

but............

[jimfields33]

6. Senator Leahy?

How can they pass things without him?

[duckworth969]

9. Sinema&Manchin?

Might be a bad look for them if they don’t back it?

Maybe…