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U.S. Democratic presidential candidate Hillary Clinton is calling for a 4 percent "surcharge" income tax on people earning more than $5 million annually, a Clinton aide said on Monday.
The so-called "Fair Share Surcharge" would be imposed on the two out of every 10,000 taxpayers who make more than $5 million a year and is expected to raise $150 billion over a decade, the aide said.
Clinton said she would announce her plans to go even farther than the "Buffet rule," which would establish a minimum tax rate of 30 percent on those earning more than $1 million per year. The income-tax surcharge is the first part of her push, with more tax policies to be released later this week, a campaign aide said.
originally posted by: xuenchen
Hillary has announced yet another master plan to solve all the economic problems !!
This new one is called the "Fair Share Surcharge".
It will reportedly produce a whopping $150 billion over 10 years.
And it comes from people making over $5 million a year.
She also says a minimum 30% tax on people making $1 million is a great idea !!
And I hear the Rothschild Bank in Guernsey is preparing for new accounts.
Clinton to propose four percent income-tax 'surcharge' on wealthy
U.S. Democratic presidential candidate Hillary Clinton is calling for a 4 percent "surcharge" income tax on people earning more than $5 million annually, a Clinton aide said on Monday.
The so-called "Fair Share Surcharge" would be imposed on the two out of every 10,000 taxpayers who make more than $5 million a year and is expected to raise $150 billion over a decade, the aide said.
Clinton said she would announce her plans to go even farther than the "Buffet rule," which would establish a minimum tax rate of 30 percent on those earning more than $1 million per year. The income-tax surcharge is the first part of her push, with more tax policies to be released later this week, a campaign aide said.
I think People are
"Fed up" and Disgusted
originally posted by: 3NL1GHT3N3D1
It's a step in the right direction at least. I dislike Hillary as much as the next guy, but is taxing the rich a little more than the average person a bad idea? Absolutely not.
“This surcharge is a direct way to ensure that effective rates rise for taxpayers who are avoiding paying their fair share, and that the richest Americans pay an effective rate higher than middle-class families,” a Clinton campaign aide said.
The surcharge, which Clinton unveiled at an organizing event in Iowa Monday afternoon, would raise more than $150 billion over 10 years, the aide said.
so how come now Hillary is using this for political propaganda, obviously Obama never delivered his promise that made on his Nations address.
originally posted by: 3NL1GHT3N3D1
It's a step in the right direction at least. I dislike Hillary as much as the next guy, but is taxing the rich a little more than the average person a bad idea? Absolutely not.