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Trump tax cutsCommon Dreams
•74% Informative
The first televised presidential debate in 1960s featured not a single word about a stunning domestic transformation in the U.S. The United States had given birth to the world’s first mass middle class.
The top-bracket tax rate on the richest is now at 91 percent .
The current top tax rate is 37 percent .
On “capital gains,” profits from the sale of stocks and other assets, these rich pay taxes at no more than a 20 percent rate.
The top one-tenth of 1 percent pays about 3.2 percent of their wealth in taxes every year while the bottom 99 percent pays more than double that.
The Biden-Harris administration has advanced a proposal that would subject Americans with net worths over $100 million to a minimum 25 percent tax on their income.
VR Score
76
Informative language
75
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12
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English
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47
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10
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10
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