Yesterday, House Speaker MAGA Mike Johnson gave his first press conference. The billionaires sure picked the right guy: his performance was flawless. Slick, slimy, and unctuous.For example, even though every dollar the IRS spends auditing billionaires produces between $6 and $12 in added tax revenue...
Well yeah I’m a taxpayer. Someone wouldn’t criticize tax policy without understanding how their taxes work right?
And yeah I’m thinking in terms of the top bracket which should be set above comfortable upper middle class. At a certain point you have a ton of money, and if you’re trying to retire early using a huge income you can use a Roth IRA and have it taxed as you pull from it slower than you put in to it. These people aren’t paying their fair share and instead we borrow the money to make up for their failure to contribute