What is the percentage of a fair tax rate for the rich? Some are paying just 18%.
TAX RATE FACTS
There has been a great deal of noise made about taxing the rich. If the rich get taxed too much, they won’t create jobs. Right now we have banks sitting on their hands not loaning money. We have employers hiding behind the Health Care Act because they won’t know what it will cost. But here are the hard cold facts about the tax rates for rich people.
The tax rate now under this administration is 35%.
The tax rate under Bill Clinton was 40%.
The tax rate under Ronald Reagan was 70%.
The tax rate in the 40s and 50s was 80%.
It’s not about job creation or being afraid to invest.
It’s about greed.
And as the middle class recedes into a distant memory,
it is fast becoming about treason.