President’s ‘tax on richest 700 Americans’ may face opposition from conservative Democrats
of just about 8% of their income between 2010 and 2018 – much lower than millions of Americans who are far less wealthy.quoted the administration document as saying: “The billionaire minimum income tax will ensure that the very wealthiest Americans pay a tax rate of at least 20% on their full income … This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters.
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