Site Search
Google Search
search button

Breaking News:

Commentator Matt Schlapp Says 'Mueller Will Be Gone Soon'      - | -     Judge puts gag order on Roger Stone and attorneys     - | -     Pelosi and Schumer: 'Congress Cannot Let the President Shred the Constitution'     - | -     Trump Administration Admits Shutdown Delayed Disaster Relief for Puerto Rico      - | -     Trump Will Sign Budget Deal but Declares Emergency to Build His Wall      - | -     GOP Congressman Invokes 'The Deep State'
Alexandria Ocasio-Cortez Has A Plan To Tax The Super Wealthy
Get Local News Alerts

viewsViews 486
13 Jan 2019 01:12 PM EST

America operates on a progressive tax system. That means as a person earns more and progresses through tax brackets, their tax rate increases for each level of income. Rep. Alexandria Ocasio-Cortez of New York has touted a plan that would tax Americans earning more than $10 million at a rate as high as 70%. Under America's progressive tax system, that means Americans earning more than $10 million wouldn't owe 70% of their total income on taxes; they would owe 70% of the income they earned only after a certain point.

Post Your Comment
Excellent Very Good Good Fair Poor



Recently Posted Comments
FREE
AllMediaNY AllMediaNY AllMedaiNY